Tata Motors, Sun Pharma, Tata Motors and other stocks in the news today | Jobs Vox


NEW DELHI: Trends in the SGX Nifty indicate a positive opening for the broader index in India. The BSE Sensex fell 461 points to 61,338 on Friday, while the Nifti50 fell 146 points to 18,269.
U.S. stocks fell for a third straight session and suffered losses for a second week in a row on Friday as fears continued to mount that the Federal Reserve’s campaign to stem inflation would push the economy into recession.
The Dow Jones Industrial Average fell 0.85 percent to 32,920.46, the S&P 500 lost 1.11 percent to 3,852.36 and the Nasdaq Composite lost 0.97 percent to 10,705.41.
Asia-Pacific markets were mixed as investors struggled to shake off recession fears.
Australia’s S&P/ASX 200 was flat after paring earlier losses. In Japan, the Nikkei 225 fell by 1 percent, and the Topik by 0.54 percent. South Korea’s Kospi was also flat.
Actions in the news
Sun Pharmaceutical Industries: Company received warning letter from USFDA for Halol facility. The warning letter mentions violations of current Good Manufacturing Practice (cGMP) regulations. The USFDA has placed the Halol facility under import alert.
Tech Mahindra: The IT company will sell its entire stake in its Netherlands-based subsidiary Dinacommerce Holdings BV to its spin-off subsidiary Comviva Netherlands for around Rs 58 crore. The deal is expected to be signed during the first week of January 2023, and the transaction is expected to close around the same time.
Tata Motors: A wholly-owned subsidiary of a domestic automobile company – ML Smart City Mobility Solutions has signed a definitive agreement with Bengaluru Metropolitan Transport Corporation for procurement, operation and maintenance of 921 electric buses in Bengaluru for a period of 12 years.
Dilip Buildcon: Company has received letter of acceptance for new HAM project ‘4-laning Karimnagar Warangal section of NH-563’ in Telangana, from National Highways Authority of India. The order is worth 1,647 million dinars.
Television New Delhi: LTS Investment Fund sold 2.32% stake in NDTV through open market transactions. This reduced the fund’s share in the company to 7.42% from 9.75% previously.
Yes Bank: The private lender concluded the allocation of the bank’s loan portfolio in the amount of RSD 48,000 million to JC Flowers Asset Reconstruction. The bank previously announced JC Flowers Asset Reconstruction (JC Flowers ARC) as the winner of the Swiss Challenge process for the sale of its identified portfolio of stressed assets.
Jindal Steel and Power: The metal player will spend Rs 7,930 crore under the PLI scheme for special steel to produce eight types of high-quality alloys in the country. JSPL is one of the qualifiers of the government’s Production Linked Incentive (PLI) scheme.
Tilaknagar Industries: The brewing firm has received board approval to allot 1.05 million shares at Rs 95 per share to foreign portfolio investor Think India Opportunities Master Fund LP on a preferential basis, which will invest about Rs 100 crore.


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