HCL Technologies, Tata Motors and Gland Pharma to see action today

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

09 Dec 2021 Evaluate

HCL Technologies (HCL) and Deutsche Apotheker- und Arztebank eG (apoBank), the largest cooperative primary bank in Germany, have signed with Atruvia AG an agreement to acquire IT consulting company Gesellschaft für Banksysteme GmbH (gbs). The transaction, worth 99,000 euros, is expected to close in January 2022, subject to closing conditions, including regulatory approvals. Post-closing, HCL will own 51 per cent, while apoBank will own 49 per cent stake of gbs. apoBank is currently a 10 per cent shareholder in gbs.

Tata Motors has reportedly lined up an investment of more than $1 billion (over Rs 7,500 crore) in the coming 4-5 years to recraft its road map for the commercial vehicle business, with electric vehicles at its core.

Gland Pharma has received a tentative approval from the United States Food and Drug Administration (USFDA) for Cangrelor for Injection, 50 mg/vial Single-Dose Vials. The company is amongst one of the first to files for this product and may be eligible for 180 days of generic drug exclusivity. The company will launch the product with its marketing partner on receipt of final approval.

Bharti Airtel has selected Juniper Networks to deliver network upgrades for the expansion of Airtel's nationwide broadband coverage across India. Airtel has expanded its Fibre-to-the-Home broadband coverage to over 430 towns with plans of covering 30 million households in over 2,000 cities in the next three years.

Mahindra Group and Reliance BP Mobility (RBML), operating under the brand name Jio-bp, have signed non-binding Memorandum of Understanding (MoU) for exploring creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels. The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles – sub 4 ton). This would include captive fleets and last-mile mobility vehicles of Mahindra Group.

Vishwaraj Sugar Industries has entered into contracts with oil marketing companies (OMC) for supplying of 2.50 crore liters of ethanol commencing from December 2021 as against the supply of 2.25 crore liters of ethanol during the twelve month period ended on November 30, 2021. The Company has already commenced supply of ethanol for the current period.

Action Construction Equipment has received order for supply of 38 nos. Mobile Crane to SPIC, Defence R&D Organization (Ministry of Defence) for a total consideration of approximately Rs 6.51 crore.

Mahindra & Mahindra Share Price

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Company Name	CMP
Tata MotorsPassenger	346.10
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Mahindra & Mahindra	3244.65
Hyundai Motor India	1907.10
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