Sharekhan FNA
Maruti Suzuki, M&M: Korean company Kia Motors (sister company of Hyundai) is targeting the SUV and MPV segment in India and is targeting 5% market share over the next three years. The company has capacity of 3 lakh units which is based in Chennai. Entry of Kia would further increase competition in Passenger vehicle space.
ITC: The company’s newly launched Sunbean cafe to compete with HUL’s Bru and Nestle’s Nescafe.
Mindtree/L&T: Mindtree board approved appointment of three L&T nominees as directors which includes Mr. S. N Subrahmanyan (MD &CEO), Mr. R. Shankar Raman (CFO) & Mr. J.D Patil (V.P, Defence), with this L&T take control on Mindtree board.
Jet Airways (India): As per media reports, the NCLT admitted the insolvency petition moved by SBI against Jet Airways yesterday and instructed that the resolution process be wrapped up in 90 days.
Kewal Kiran Clothing: The Company declared a first interim dividend of Rs 11 per share on 1.23crore equity shares of Rs 10 each for FY20.
Tech Mahindra: signed a multi-year contract with Airbus for cabin and cargo design engineering; No financial details of the partnership were disclosed.
HCL Technologies: Avon appoints HCL Technologies as IT infrastructure services partner to support ongoing digital.
Balaji Telefilms: completed sale of rights for upcoming slate of four movies for over Rs 100 crore. Pen Marudhar Entertainment has acquired the distribution rights for Mental Hai Kya, Jabariya Jodi, Dream Girl & Dolly Kitty Aur Woh Chamakte Sitaare.
Welspun Corp: The company has stated that it has commenced a spiral pipe plant in Jamunia in MP having capacity of around 175 KMT p.a.
Maruti Suzuki, M&M: Korean company Kia Motors (sister company of Hyundai) is targeting the SUV and MPV segment in India and is targeting 5% market share over the next three years. The company has capacity of 3 lakh units which is based in Chennai. Entry of Kia would further increase competition in Passenger vehicle space.
ITC: The company’s newly launched Sunbean cafe to compete with HUL’s Bru and Nestle’s Nescafe.
Mindtree/L&T: Mindtree board approved appointment of three L&T nominees as directors which includes Mr. S. N Subrahmanyan (MD &CEO), Mr. R. Shankar Raman (CFO) & Mr. J.D Patil (V.P, Defence), with this L&T take control on Mindtree board.
Jet Airways (India): As per media reports, the NCLT admitted the insolvency petition moved by SBI against Jet Airways yesterday and instructed that the resolution process be wrapped up in 90 days.
Kewal Kiran Clothing: The Company declared a first interim dividend of Rs 11 per share on 1.23crore equity shares of Rs 10 each for FY20.
Tech Mahindra: signed a multi-year contract with Airbus for cabin and cargo design engineering; No financial details of the partnership were disclosed.
HCL Technologies: Avon appoints HCL Technologies as IT infrastructure services partner to support ongoing digital.
Balaji Telefilms: completed sale of rights for upcoming slate of four movies for over Rs 100 crore. Pen Marudhar Entertainment has acquired the distribution rights for Mental Hai Kya, Jabariya Jodi, Dream Girl & Dolly Kitty Aur Woh Chamakte Sitaare.
Welspun Corp: The company has stated that it has commenced a spiral pipe plant in Jamunia in MP having capacity of around 175 KMT p.a.