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Hero MotoCorp, Eicher Motors, BPCL, UPL in focus


Hero MotoCorp sold 505,467 units of motorcycles and scooters in February 2021. The company had dispatched 498,242 units of two-wheelers during the corresponding month of the previous year (February 2020).
Eicher Motors said its total motorcycle sales rose to 69,659 units in February 2021 from 63,536 units in February 2020.
Bharat Petroleum Corporation (BPCL) said that its Board of Directors approved the proposal for sale of entire equity shares i.e. 45,35,45,998 equity shares of Rs 10/-each held by BPCL in Numaligarh Refinery (NRL) (constituting 61 .65% of the total equity capital of NRL), a material subsidiary company of BPCL to a consortium of Oil India and Engineers India, (consortium); and to Govt. of Assam, or only to the said consortium in case Govt. of Assam does not participate in purchase of said shares, in such proportion and on such terms and conditions as approved by the Board. Total consideration would be Rs. 9875.96 crore. ....

Oil India , Eicher Motors , Camlin Fine Sciences , Railway Ministry , Bharat Petroleum Corporation , Hero Motocorp , Petroleum Corporation , Numaligarh Refinery , Engineers India , Fine Sciences , Capital Market , Nifty 50 , Land Transport , Motor Scooters , Hero Maestro , Automotive Industry In Bangladesh , Oil Amp Gas Refining And Marketing Nec , Petroleum Refining , Business Support Services Nec , எண்ணெய் இந்தியா , ேய்சேர் மோட்டார்கள் , கேம்லின் நன்றாக இருக்கிறது அறிவியல் , ரயில்வே அமைச்சகம் , பாரத் பெட்ரோலியம் நிறுவனம் , ஹீரோ மோட்டோகார்ப் , பெட்ரோலியம் நிறுவனம் ,

Auto stocks, RIL, Bharti Airtel, IOCL in focus


Auto stocks will be in focus today as sales data for the month of February will be released.
Reliance Strategic Business Ventures (RSBVL), a wholly owned subsidiary of Reliance Industries (RIL), announced that it has acquired additional equity stake in its investee company skyTran Inc. (skyTran) for a consideration of $26.76 million increasing its shareholding to 54.46% on a fully diluted basis.
Bharti Airtel informed that its wholly owned subsidiary Airtel Digital has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited on February 25, 2021.
The board of Indian Oil Corporation (IOCL) at its meeting held on 26 February 2021 approved an investment of Rs 32,946 crore to expand the capacity of Panipat Refinery. This capital infusion is expected to increase the capacity of refinery to 25 MMTPA from 15 MMTPA. ....

Bharti Airtel , Ferbine Private Limited On , Income Opportunities Fund , Bank Basel , Tran Inc , Indian Oil Corporation , Reliance Industries , Strategic Business Ventures , Airtel Digital , Ferbine Private Limited , Sphoorty Financial , Opportunities Fund , United Spirits , Capital Market , Stocks For The Long Run , Oil Amp Gas Refining And Marketing Nec , Corporate Banks , Wireless Telecoms Service Providers , Hedge Funds , Automobiles Amp Multi Utility Vehicles , Independent Power Producers Nec , பாரதி ஏர்டெல் , வருமானம் வாய்ப்புகள் நிதி , வங்கி பேசல் , டிரான் இன்க் , இந்தியன் எண்ணெய் நிறுவனம் ,

RIL acquires majority equity stake in skyTran


After the acquisition, RSBVL s shareholding in skyTran increased to 54.46% on a fully diluted basis.
skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011. skyTran has developed breakthrough passive magnetic levitation & propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.
The technology has been developed by skyTran to create Smart Mobility Solutions. The proposed skyTran transportation systems would consist of computercontrolled passenger pods running on its state-of-the-art, patented Passive Magnetic Levitation technology and would use cutting edge IT, Telecom, IoT and Advanced Materials technologies to transport passengers in a fast, safe, green, and economical manner. It is also supported by notable global venture capital investors such as Innovation Endeavors. ....

United States , Smart Mobility Solutions , Tran Inc , Reliance Industries , Reliance Strategic Business Ventures , Smart Mobility , Passive Magnetic Levitation , Advanced Materials , Capital Market , Magnetic Levitation , Rail Transport , Bse Sensex , Nifty 50 , Emerging Technologies , Oil Amp Gas Refining And Marketing Nec , Hedge Funds , Automobiles Amp Multi Utility , ஒன்றுபட்டது மாநிலங்களில் , புத்திசாலி இயக்கம் தீர்வுகள் , டிரான் இன்க் , நம்பகத்தன்மை தொழில்கள் , நம்பகத்தன்மை மூலோபாய வணிக முயற்சிகள் , புத்திசாலி இயக்கம் , மூலதனம் சந்தை , ரயில் போக்குவரத்து , வளர்ந்து வருகிறது தொழில்நுட்பங்கள் ,

RIL increases equity holding in SkyTran


Invests USD 26.76 mn to hike its stake to 54.46% in skyTranReliance Strategic Business Ventures, a subsidiary of Reliance Industries, announced that it has acquired additional equity stake in its investee company skyTran Inc.
(skyTran) for a consideration of USD 26.76 million increasing its shareholding to
54.46% on a fully diluted basis.
skyTran is a technology company incorporated under the laws of Delaware, United
States of America (USA) in 2011. skyTran has developed breakthrough passive
magnetic levitation & propulsion technology for implementing personal
transportation systems aimed at solving the problem of traffic congestion globally.
The technology has been developed by skyTran to create Smart Mobility Solutions. ....

United States , Smart Mobility Solutions , Tran Inc , Reliance Industries , Tranreliance Strategic Business Ventures , Smart Mobility , Passive Magnetic Levitation , Advanced Materials , Capital Market , Magnetic Levitation , Rail Transport , Emerging Technologies , Oil Amp Gas Refining And Marketing Nec , Airlines Nec , Automobiles Amp Multi Utility Vehicles , ஒன்றுபட்டது மாநிலங்களில் , புத்திசாலி இயக்கம் தீர்வுகள் , டிரான் இன்க் , நம்பகத்தன்மை தொழில்கள் , புத்திசாலி இயக்கம் , மூலதனம் சந்தை , ரயில் போக்குவரத்து , வளர்ந்து வருகிறது தொழில்நுட்பங்கள் , எண்ணெய் ஆம்ப் வாயு சுத்திகரிப்பு மற்றும் சந்தைப்படுத்தல் கழுத்து , விமான நிறுவனங்கள் கழுத்து , வாகனங்கள் ஆம்ப் பல பயன்பாடு வாகனங்கள் ,

Petronet LNG incorporates wholly owned subsidiary Petronet Energy


On 26 February 2021Petronet LNG has incorporated a wholly owned subsidiary, Petronet Energy on 26 February 2021.
The newly incorporated wholly-owned subsidiary Company i.e Petronet Energy
shall undertake the businesses/activities, including but not limited to
Gassing up and/ or Cool down and supply of heel quantity to LNG vessels, LNG
bunkering, Training, Consultancy, other value-added marine, transport, LNG
services etc. as per the object clause of the Memorandum of Association of the
Company.
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Memorandum Of Association The Company , Petronet Energy , Capital Market , Petronet Lng , Liquefied Natural Gas , Economy Of India , Kochi Lng Terminal , Port Of Dahej , Oil Amp Gas Refining And Marketing Nec , மெமோராண்டம் ஆஃப் சங்கம் தி நிறுவனம் , பெட்ரோனெட் ஆற்றல் , மூலதனம் சந்தை , பெட்ரோனெட் ல்க் , திரவமாக்கப்பட்டது இயற்கை வாயு , பொருளாதாரம் ஆஃப் இந்தியா , கோச்சி ல்க் முனையத்தில் , போர்த் ஆஃப் தஹேஜ் , எண்ணெய் ஆம்ப் வாயு சுத்திகரிப்பு மற்றும் சந்தைப்படுத்தல் கழுத்து ,