Infosys, BPCL and M&M to see some action today

Infosys has completed the acquisition of Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering capabilities in the design of smart products. This follows the announcement the company made on September 03, 2020. This acquisition demonstrates Infosys' commitment to innovate for its clients, and make meaningful impact on human lives through a combination of cutting-edge technologies.

Bharat Petroleum Corporation (BPCL), which controls 11-12 percent of the around Rs 35,000-crore engine oil market, has set a target of raising its market share to 13-14 percent by March, given the rising rural demand as the farm sector is set for yet another bumper harvest. The second-largest national oil marketer is also expecting to increase its rural volumes to 60 percent and above by the end of this fiscal, from 45-50 percent now. Tractor oils are the largest selling product for the divestment-bound company that sells its lubes under the umbrella brand of Mak.

Mahindra & Mahindra (M&M) has launched BS-VI compliant variants of its three-wheeler brand Alfa, priced up to Rs 2.67 lakh (ex-showroom Mumbai). The three-wheeler brand comes with four trims to cater to both passenger and cargo segments. The price of cargo variants starts from Rs 2.59 lakh while that of the passenger trims begin from Rs 2.67 lakh. There has been some delay in launching  BS-VI range of three-wheelers, given the supply chain disruptions due to COVID-19.

Godrej Properties (GPL) has entered into an outright transaction to purchase a well located land parcel in Sarjapur, Bangalore. Spread across approximately 15 acres, this project will offer approximately 0.15 million square meters (1.6 million square feet) of potential saleable area comprising of residential apartments of various configurations. Sarjapur has established itself as one of the most preferred residential locations in Bangalore with good connectivity to Outer Ring Road and several other key hubs of Bangalore.

Deepak Nitrite has incorporated a wholly owned subsidiary (WOS) company named Deepak Clean Tech (DCTL) with effect from October 9, 2020. DCTL shall carry out business in the field of manufacture of chemical intermediate products.

Hero MotoCorp has introduced a new special edition of the popular Glamour motorcycle – the Glamour Blaze. In-line with the DNA of Glamour brand – the new motorcycle provides performance, comfort and style, now in a new Matt Vernier Grey Color. It also brings a new feature in the 125cc motorcycle category – a USB charger to the handlebar. Glamour Blaze will be available at Hero MotoCorp showrooms across the country at an attractive price of Rs 72,200.

Jubilant Life Sciences has raised Rs 90 crore through Commercial Papers (CPs) on October 12, 2020. Date of maturity of the said commercial papers is November 26, 2020. The aggregate amount of commercial papers (including this issue) outstanding as on date is Rs 220 crore.