Stock Corner
1.
Tata Motors
Limited (TML) signed a Memorandum of Understanding (MoU) with the State
Government of Maharashtra for deployment of 1,000 Electric Vehicles (EV) across
its range of passenger and commercial vehicles in the State.
2.
HDFC Bank
gained almost four percent during the morning trade as investors made big bets
ahead of the FII buying window being opened on June 1. The SEBI decided to open the window for institutional trading
series (6 lakh series) just for a day on June 1, 2018. In fact, the regulator
has decided to scrap the mechanism from July 1 onwards. This has led to an increase
in demand for the stock.
3.
Tata
Consultancy Services share price fell nearly 2 percent after the stock adjusted
for bonus share issue. The board of directors of the company, on April 19, had
recommended bonus issue of equity shares in the ratio of one equity share of Re
1 each for every one equity share of Re 1 each held by the shareholders of the
company as on the record date. TCS has fixed record date as June 2 for
determining the entitlement of members to receive bonus shares.
4.
Bank of
Baroda looks to sell NPAs worth Rs2,954.28cr and has invited expression of
interest by June 15.
5.
Manpasand
Beverages hit 20% lower circuit limit for the second straight day on account of
the resignation of its auditing firm with effect from May 26, 2018.
6.
Vedanta
ordered by Tamil Nadu government to seal and permanently close the copper
smelter plant at Tuticorin.
7.
Dalmia
Bharat Sugar to sell its wholly-owned subsidiaries' Dalmia Solar Power and
Dalmia Sugar Ventures to the promoters.
Missed call
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