Stocks to Watch: RIL, Cipla, Tata Motors, L&T, Zee Entertainment
Reliance Industries: The Centre on Thursday filed a petition challenging a Delhi high court order in favour of Reliance Industries Ltd (RIL) regarding a gas dispute in the Krishna Godavari Basin. The court has asked RIL to file a response, a counsel aware of the matter said.
The dispute began when ONGC wrote to the director general of hydrocarbons, alleging there was evidence of ‘lateral continuity’ of gas pools between the Reliance block and the adjacent blocks allocated to ONGC. Cipla: The sale of a stake in Cipla Ltd.
is in jeopardy as potential buyers have baulked at the 1.09 trillion rupee valuation members of the founding family are targeting the Indian firm in a deal, according to people familiar with the matter. Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about 1,350 rupees per share, the people said.
Tata Motors: Tata Motors plans to set up a separate sales network for its electric passenger vehicles in the current fiscal year as it looks to give a differentiated experience to the buyers opting for the environment-friendly models, according to a top company official. The Mumbai-based auto major, which on Thursday introduced all-new versions of its Nexon EV and Nexon (internal combustion engine), said it will start experimenting with new outlets in some of the cities where EV volumes have gone up.
L&T: A global company and an Indian firm have joined hands to bring the world-leading Articulated All-Terrain Vehicle (AATV), the 'BvS10', to the Indian defence market, according to an official statement issued on Thursday. BAE Systems and Larsen & Toubro have teamed up to bring
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