Stocks in the news: Tata Motors, NTPC, Greaves Cotton, NMDC and autos

Tata Motors: The hiving off and transfer of Tata Group auto arm’s entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect from Saturday, the homegrown auto major said.

NTPC: The state-run power giant is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options. The PXIL is India’s first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as well sellers since 2008.

Maruti Suzuki India: The country’s largest carmaker reported a four per cent fall in the total wholesales to 1,53,149 units in December 2021. The company had sold 1,60,226 units in December 2020.


Hero MotoCorp: The two-wheeler market leader reported a 12 per cent decline in total sales at 3,94,773 units in December 2021. The company had sold 4,47,335 units in the same month in 2020, Hero MotoCorp said.

Mahindra & Mahindra: The homegrown auto major reported reported an 11 per cent increase in total sales at 39,157 units in December 2021. The company had sold 35,187 units in December 2020, M&M said.

Coal India: The state-owned coal player reported a 3.3 per cent rise in coal production to 60.2 million tonnes (MT) in December. Coal India Ltd (CIL) had produced 58.3 MT of coal in the corresponding month of the previous fiscal.

NMDC: The state-owned iron ore player said its iron ore production surged about 30 per cent to 28.32 million tonnes (MT) in April-December 2021. The company’s iron ore output was 21.83 MT in the same period last fiscal.

TVS Motor Company: The Chennai-based two-wheeler player said reported an 8 per cent decline in total sales to 2,50,933 units in December 2021. The company had sold a total of 2,72,084 units in the same month of 2020, it said.

Greaves Cotton: The e-mobility arm of the company, Greaves Electric Mobility, said it sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales a year ago. Greaves Electric Mobility strengthens its position as a market leader in both E-2W and E-3W segments.

Natco Pharma: The drug maker said its wholly-owned arm Natco Pharma Inc has completed the $18 million acquisition of Dash Pharmaceuticals LLC. Dash is a front-end pharmaceutical sales, marketing and distribution entity in the US.

Exide Industries:

Insurance has completed the acquisition of Exide Life by allotting over 8.7 crore shares of the company to , the insurer said. Exide Life became a wholly-owned subsidiary of the company with immediate effect — from January 1, 2022, it said.

Airlines Stocks: Halting a declining trend of last month, jet fuel or ATF price has been hiked by 2.75 per cent on firming international oil prices, while cooking gas LPG rate has seen the first decline since October. This will impact

and .

DCM: The company informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions. It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank.

SJVN: The State-owned power player said it has dispatched a turbine generator for the first unit of the 1320-MW Buxar Thermal Power Plant. SJVN Thermal Pvt Ltd (STPL), a wholly-owned subsidiary of SJVN Ltd, is implementing (2X660) 1,320-MW Buxar Thermal Power Plant in Bihar.

Future Retail: The future group player said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetization plans.

Ujjivan Small Finance Bank: Customers of the private lender can now earn as much as 6.75-7.50 per cent interest on their fixed deposits of up to Rs 2 crore, as the lender has increased the deposit rates with effect from Friday, according to a statement.