Reliance Industries, SpiceJet and Ceat to see some action today

Reliance Industries is planning to invest Rs 75,000 crore in setting up four 'Giga' factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years. The company will set up 100 GW of solar power generating capacity. The company is planning to build four Giga Factories to manufacture and integrate all critical components of new energy ecosystem solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory.

SpiceJet's cargo arm – SpiceXpress along with e-commerce logistics platform -- Delhivery are planning to build drone delivery capability in the country and the pilot project is expected to start in the next 3-4 months. Both the entities -- SpiceXpress and Delhivery -- have signed a memorandum of understanding (MoU) to this effect.

Ceat has launched a new range for compact SUVs. SecuraDrive range would cater to the fast-growing compact SUV segment. The new range of tyres offers numerous benefits like precise steering control and cornering stability. The tyres offer superior braking, low in-cabin noise and a comfortable drive.

MAS Financial Services has raised Rs 100 crore through Rated, Senior, Secured, Listed, Transferable, Redeemable, Principal Protected Market-linked Non-convertible debentures (NCDs) and allotted 10,000 NCDs having face value of Rs 100,000 each on private placement basis. The Board of Directors of the company at its meeting held on June 23, 2021 approved and allotted the same.

Rallis India, a subsidiary of Tata Chemicals, is planning to enhance manufacturing capacities as well as build a new integrated research development centre, and is in the process of launching new products.

Jagan Lamps has received large orders for exports and from OLMs to the Tune of Rs 2250 lakh approximately for supplying Automotive Lamps.

Mahindra & Mahindra Financial Services (Mahindra Finance) has raised up to Rs 225 crore trough secured redeemable non-convertible debentures (NCDs) and allotted 2,250 NCDs having face value of Rs 10 lakh each. A meeting of the duly authorised committee was held on June 24, 2021 has approved the same.

Bank of Maharashtra has received shareholders' approval to raise up to Rs 5,000 crore equity capital through various modes, including rights issue and preference issue. The shareholders approved the proposal at the bank's annual general meeting (AGM) held on June 24, 2021, through audio/visual means.