🔆InterGlobe Aviation: IndiGo, impacted by the pandemic, is flying only a small percentage of its fleet of 250 airplanes and will cut 10% of its workforce, CEO Ronojoy Dutta said in a statement. Impacted employees will be given a severance pay while medical insurance has been extended till December.
🔆NTPC: Added 800MW of Lara Super Thermal Power Project, to the company’s installed capacity. With this, the total installed capacity of NTPC and NTPC group has become 51,155 MW and 62,910 MW respectively.
🔆Wipro: Announced a partnership with Compliance Quest to develop management solutions for the medical devices and life sciences industries.
🔆Balaji Telefilms: Resumed shoot of all television shows from July 16.
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🔆Tata Power: Arm Coastal Gujarat Power has allotted NCDs worth Rs 350 crore on a private placement basis.
🔆Gateway Distriparks: The board approved a raising funds not exceeding Rs 150 crore on a rights basis, QIP and preferential allotment or any other combination thereof. Out of which, the board will issue 16.1 crore shares worth Rs 116 crore for its rights issue at a price of Rs 72 per share. The rights entitlement ratio has been fixed at 4 rights equity shares for every 27 equity
shares held by the eligible shareholders. The record date for the same has been fixed at July 24. The issue opens on July 30 and closes August 13. The rights issue price is a 20% discount to Monday's closing price.
🔆Chennai Petrochem: Allotted NCDs worth Rs 810 crore on a private placement basis.
🔆Omaxe: Signs agreement with Jindal Steel and Power to develop a multi-level parking-cum-commercial project at Chandni Chowk with North Delhi Municipal Corporation. JSPL will supply 7000-8000 metric tonne of structure steel to Omaxe.7
🔆Nifty Earnings Today: Hindustan Unilever, Bajaj Finance, Bajaj Finserv, Axis Bank
🔆Non-Nifty Earnings Today: HDFC Life, ICICI Prudential, SBI Life, Syngene, Tata Elxsi, Polycab, IndiaMART InterMESH, Hindustan Copper, Hindustan Zinc, Mahindra CIE, Somany Home Innovation.
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