TOP CORPORATE NEWS
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M&M sells 75,000 units of
XUV500 in 2 years
Home grown auto major Mahindra & Mahindra has sold over 75,000
units of its global sports utility vehicle XUV500 in just over two years since
its launch.
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Jubilant Foodworks stock down 4%
Shares of Jubilant Foodworks Ltd was down 4% after Reserve Bank announced
foreign institutional investors are not allowed any longer to purchase shares
in Jubilant FoodWorks Ltd as the foreign shareholding in the company has
reached the trigger limit.
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Tata Steel stock remains flat
Shares of Tata Steel was up 1% after the company has won a
two-year contract to supply over 2,00,000 tonnes of highly wear-resistant rail
tracks to a French rail operator.
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Mastek jumps after board OKs
buyback
Mastek has rallied 6% after the company approved buy back shares
worth up to Rs 55 crore at a price not exceeding Rs 250 per share. The buyback will
be through open market transactions.
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NHPC inches up after power project
pact with Kerala government
NHPC rose after the company has signed a memorandum of
understanding with Government of Kerala for the development of wind power
project by NHPC in Kerala.
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