Stocks in news: Tata Steel, Maruti Suzuki, CONCOR, Dilip Buildcon, Genus Power
Tata Steel
Global ratings agency Fitch Ratings has upgraded the issuer rating on the steel major to “BBB-” from “BB+”, with a stable outlook. The company’s plans to turnaround the UK operations with investments and part funding from the UK government has triggered the rating upgrade.
Maruti Suzuki India
The automaker is planning capital expenditure amounting to approximately Rs 1.25 lakh crore until 2030-31. The expansion plan involves expanding its current product lineup from 17 models to 28, while increasing its production capacity.
Read more:Here's the trade setup for today's session
ITC
ITC Hotels announced the signing of its first 'Storii' property in Kolkata, West Bengal.
The property will be located near the metropolis and is slated to open in early 2024.
Mahindra & Mahindra
The company’s arm that makes three-wheelers and small commercial vehicles in various fuel options including electric, has received the first tranche of Rs 300 crore from International Finance Corporation.
Telecom
Bharti Airtel and Vodafone Idea have asked the Supreme Court to hear in the “open court” their curative petitions against the top court's earlier order which rejected their limited review petitions for rectification of arithmetical errors in calculation of their adjusted gross revenue (AGR) dues made by the Department of Telecommunications (DoT).
Federal Bank
The largest and the oldest private sector lender in Kerala, will completely stop funding for thermal power projects by 2030, according to a senior bank official.
Genus Power Infrastructure
The company’s wholly-owned subsidiary has won two orders totalling Rs 3,115 crore to design advanced metering infrastructure and commissioning smart prepaid meters.
