91

NSE, BSE remove Adani Enterprises from short-term additional surveillance

The National Stock Exchange (NSE) and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure (ASM) framework.

The move comes into effect from March 8, according to the circular available with the exchanges.

Last month, both the NSE and BSE had put three Adani Group companies, including the flagship Adani Enterprises, under the short-term additional surveillance measure framework.

Apart from Adani Enterprises, the other two firms listed by the exchanges were -- Adani Ports and Special Economic Zone (APSEZ) and Ambuja Cements.

73

John Deere exports made-in-India tractors to US, Europe

John Deere India has exported fully built tractors from its India plant to the US, Japan, Germany and other parts of Europe.

The company had shifted a line to manufacture the 5M range of its high-end higher horsepower tractors in India during the Covid-19 pandemic to leverage the manufacturing and supply base in the country.

Shailendra Jagtap, managing director and country manager, India, John Deere, said the company exported tractors made in India to 110 countries and the 5M was the latest series to be exported out of the country. These are tractors in the 75-130 HP range and are being manufactured exclusively for the export markets. The company is at present exporting around 35% of its total production.

43

Adani Enterprises zooms 43% in 5 days; group mcap jumps over ₹1.42 lakh crore

Shares of Gautam Adani's flagship entity, Adani Enterprises, have rallied 43.28 17 per cent in the last five days amid positive news flows about the company. In three trading sessions, the combined market valuation of the ten listed companies have jumped more than ₹1.42 lakh crore.

Adani Enterprises jumped nearly 17 per cent to settle at ₹1,879.35 on the BSE on Friday after US boutique investment firm GQG Partners' 15,446 investment in group stocks. During the day, it jumped 18.56 per cent to ₹1,905.

23

Manufacturing firms record lower sales growth in Q3: RBI data

Listed manufacturing companies recorded lower sales growth of 10.6 per cent in the December quarter of the current fiscal compared to 20.9 per cent in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Thursday.

The moderation in the manufacturing companies was broad-based across the industries, except for cement.

Over all, sales growth of listed private non-financial companies moderated to 12.7 per cent in third quarter of 2022-23 from 22.6 per cent in the previous July-September period.

4

Russia major & RVNL emerge lowest Vande Bharat bidder

Russia’s largest train manufacturer CJSC Transmashholding (TMH) in partnership with railway PSU Rail Vikas Nigam Limited (RVNL), has emerged the lowest bidder (L1) for manufacturing of 200 next generation Vande Bharat trains.

The over Rs 40,000 crore tender also includes maintenance of these trains for 35 years.

In this keenly-watched tender the TMH-RVNL consortium has quoted Rs 120 crore for making each 16-coach Vande Bharat train, with sleeper facility, much below the anticipated price of Rs 130 crore. The joint venture of BHEL-Titagarh have the second lowest bid (L2) of Rs 139. 8 crore per train.