Force Motor said unit sales in June declined by 3%. M&M Financial said new loan volume increased by 5% in the June quarter. Zomato abandoned its plan to launch a financial services unit.
Vehicle makers reported weak sales in June amid broad demand weakness and lack of new products. NMDC lowered prices for iron ore. Sakuma Exports approved 4-to-1 bonus issue.
UltraTech Cement has launched additional cement production capacity in Andhra Pradesh. Bank of Baroda said it plans to appeal the latest tax demand. Vodafone and Bharti Airtel plan to hike monthly tariffs following the increase announced by Reliance Jio.
Reliance Industry's Jio hiked the monthly tariff by as much as 25% for wireless subscriptions. BHEL won a power plant order in Jharkhand. The Raymond Board reappointed Gautam Singhania as the company's managing director.
Yes Bank said it plans to raise additional capital through the sale of debt securities. Mazagon Dock was awarded Navratna status by the Department of Public Enterprises. The promoter of CE Infosystems plans to trim his stake in the company.
AU Small Finance Bank and RBL Bank plan to raise capital through secondary offerings. The Happiest Minds Technology promoter plans to trim his stake in the company. The 5G wireless spectrum auction is expected to bring record fees to the central government.
IREDA raised additional capital through the sale of bonds to institutional investors. Tata Steel employees in the UK announce a strike for the first time in forty years. Prestige Estate plans to sell bonds to institutional investors.
Persistent Systems declared a final dividend. Bajaj Consumer Care set July 2 as the stock buyback date. MedPlus' subsidiary faced a drug license ban in Karnataka.
Foreign investors sold their stakes in PNB Housing. Vodafone sharply lowered its stake in Indus Towers and used proceeds to repay bank loans. MAS Financial launched its institutional offering.
Ami Organics, Prestige Estates, and Mrs. Bectors schedule board meetings to review fund-raising proposals. Kalpataru Projects declared a final dividend.
Bharti Airtel paid the remaining dues for the purchase of wireless spectrums between 2012 and 2015. Vodafone Idea plans to sell its entire stake in Indus Tower as early as next week. TCS was ordered by a U.S. judge to pay a multi-million dollar fine for violating the U.S. Disclosure Act.
Vodafone Idea agreed to allocate equity stakes in the company to telecom equipment makers Nokia and Ericsson. LIC-controlled funds increased their stake in Dr. Reddy's through open market transactions. Havells India plans to expand its air conditioner manufacturing capacity at two locations.
One 360 WAM agreed to acquire ET Money, the brokerage arm, controlled by Times of India Group. Bondada Engineering Group won a solar power construction order from NLC India.
Cipla plans to appeal the latest ruling by a court in Bihar for the disallowance of tax credit. Patanjali Foods said it plans to evaluate the purchase of non-food businesses owned by Patanjali Ayurved Ltd.
