Morning Watch: Tata Motors Likely to Hike Prices; Dish TV to Hold AGM in Dec

  • Stock Market News
Morning Watch: Tata Motors Likely to Hike Prices; Dish TV to Hold AGM in Dec
Credit: © Reuters.

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.53% higher at 8:25 am on Monday, indicating Dalal Street to open at a positive note. At the same time, the Dow Jones Futures was trading 0.6% higher.

Tata Motors (NS: TAMO ): Amid rising input cost pressure, automakers including TaMo are expected to raise vehicle prices to offset impact, starting January 2022.

Lupin (NS: LUPN ): The drugmaker has signed an exclusive distribution and marketing agreement with the Brazilian biotechnology company Biomm Sa to distribute and market biosimilar Pegfilgrastim in the country.

State Bank of India (NS: SBI ): The country’s largest state-owned bank has invited bids from ARCs and other financial institutions to sell a non-performing asset account of KSK Mahanadi Power Company, having an outstanding amount of over Rs 4,100 crore.

Tech Mahindra (NS: TEML ): The IT giant had informed of acquiring Activus Connect for $62 million, or approximately Rs 466 crore, on Friday. The latter is a US-based work at home customer experience management solutions firm.

Dish TV India Ltd (NS: DSTV ): The DTH service provider has said that it would hold its Annual General Meeting on December 30, at a time when it is facing a notice to reconstitute its board, from its largest shareholder Yes Bank (NS: YESB ).

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