Key Stock News: Maruti Suzuki, Coal India , Reliance , Adani Green, Vodafone Idea - ARETE Securities
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Maruti Suzuki India records 14% increase in Nov sales at 159,044 units
The country's largest carmaker Maruti Suzuki India on Thursday reported 14 per cent increase in total wholesales at 1,59,044 units in November. The company had dispatched 1,39,184 units to dealers in November 2021, MSI said in a statement.
Coal India's production rises 17% to 412.6 MT in April-Nov period
State-owned CIL on Thursday said it produced 412.6 million tonnes of coal in the April-November period of the current fiscal and expressed confidence that it will surpass the the output target set for the current financial year.
The PSU had produced 353.4 MT in the April-November period of the last financial year.
Coal India Ltd (CIL) which accounts for over 80 per cent of domestic coal output is eyeing a production of 700 million tonnes (MT) in the current financial year.
Reliance most valued Indian firm; 2 Adani units join top ranks:
Study Reliance Industries is India’s most valued listed company at Rs 17.2 trillion, said a report on Thursday.
Reliance was followed by Tata Consultancy Services (TCS) and HDFC Bank with a valuation of Rs 11.6 trillion and Rs 8.3 trillion. Adani Total Gas (ATG) and Adani Enterprises were new entrants in the Top 10 firms of 2022 Burgundy Private Hurun India 500. The rankings are by Hurun India and Burgundy Private, Axis Bank's private banking business.
Adani Green raises JPY 27,954 mn through subsidiary to refinance debt
Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness.
The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said.
Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report
Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said.
The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the government's potential shareholding in Vi, the report added.
Mahindra & Mahindra posts 56% rise in domestic passenger vehicle sales
Mahindra & Mahindra on Thursday reported a 56 per cent rise in domestic passenger vehicles sales at 30,392 units in November 2022.
The company had sold 19,458 units in the same month last year, M&M said in a regulatory filing.
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