Mumbai: The share price of Tata Consumer Products, IndiGo, Maruti Suzuki, Tata Motors, PVR Inox and other companies are expected to remain in news on September 2, 2024 (Monday).
Tata Consumer Products
FMCG maker Tata Consumer Products Ltd (TCPL) has completed merger of three wholly-owned subsidiaries in India. It has merged wholly-owned subsidiaries Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd with the company.
“We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed. Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024,” the company said in a regulatory filing.
IndiGo
India’s largest airline IndiGo has started its daily flight services to Jaffna in Sri Lanka from Chennai. The low cost airline stated that Jaffna is its second destination in the island nation after capital city Colombo and 34th international destination.
Tata Motors
In its August sales report, Tata Motors mentioned an 8 per cent increase in total wholesales at 71,693 units as compared with 78,010 units in the same month in 2023. The total domestic sales was reported at 70,006 units. The passenger vehicles segment sales the domestic market was at 3 per cent at 44,142 units, while the total commercial vehicle sales in domestic market declined 3 per cent year-on-year to 25,864 units from 30,748 units in August 2023.
Maruti Suzuki
Maruti Suzuki India has declared a 4 per cent year-on-year decline in total sales in August 2024. n August 2024. The automobile major sold a total of 181,782 units, which included domestic sales of 145,570 units, sales to other OEM of 10,209 units and exports of 26,003 units.
PVR Inox
PVR INOX has announced its plans to shut down 70 non-performing screens in FY25. The leading multiplex operator is planning for potential monetisation of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara,
“This involves a potential monetisation of our non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara,” said Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar addressing the shareholders of the company.
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Stocks in News Today: The shares of Tata Consumer Products, IndiGo, Maruti Suzuki, Tata Motors, PVR Inox and others are expected to remain in focus on September 2, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
