Stocks in news: Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, Wipro
Synopsis Oriental Carbon saw Bank of America buying shares. Maruti Suzuki is adjusting its e VITARA production. IndiGo is launching flights to Almaty, Tashkent, and Tbilisi. IIFL Finance plans to raise funds through debentures. Texmaco Rail secured an order from Mumbai Railway Vikas Corporation. Wipro extended its partnership with Metro AG. Kaynes Technology's subsidiary made an asset purchase agreement. Markets traded in a lackluster manner and ended almost unchanged on Tuesday, taking a breather after the recent surge. In today's trade, shares of Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, Wipro among others will be in focus due to various news developments.
ADVERTISEMENT Oriental Carbon
Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal.
Maruti Suzuki
The country's largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets.
IndiGo
Domestic carrier IndiGo said it is set to enhance its international capacity to Central Asia with the launch of direct flights to three key destinations -- Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia).
IIFL Finance
IIFL Finance is set to raise up to Rs 600 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
ADVERTISEMENT Texmaco Rail
Engineering major Texmaco Rail and Engineering said it has received an order worth Rs 44.04 crore from Mumbai Railway Vikas Corporation.Wipro
IT services company Wipro announced the extension of its partnership with Metro AG (Metro), an international food wholesaler, for an additional two years.
ADVERTISEMENT Kaynes Technology
Semiconductor manufacturing company Kaynes Technology said its wholly-owned subsidiary, Kaynes Semicon, has entered into an asset purchase agreement with Fujitsu General Electronics Limited, Japan.
Max Financial
Max Financial appointed Sumit Madan as MD and CEO of Axis Max Life for a term of 5 years effective from October 1.
ADVERTISEMENT CreditAccess Grameen
CreditAccess Grameen received $100 million multi-currency syndicated social loan facility, qualifies as an ECB under the automatic route of the Reserve Bank of India (RBI).
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