Tata Motors stock drops as JLR considers
layoffs amid Brexit delay
Shares of Tata Motors, the parent company
of Jaguar Land Rover (JLR), were trading down 1% after JLR’s Chief warned that
a delay in Brexit could put more than 10,000 jobs at risk and cost the company
more than £1.2bn a year.
JLR CEO Ralf Speth said, “Currently, I do
not even know if any of our manufacturing facilities in the UK will be able to
function on the 30th". Free access to Europe’s single market is as
important a part to our business as wheels are to our cars."
HDFC Standard Life appoints Vibha
Padalkar as MD & CEO
HDFC Standard Life Insurance on Wednesday
announced that its board has appointed Vibha Padalkar, as the Managing Director
(MD) and Chief Executive Officer (CEO) of the company for a period of 3 years
commencing from September 12, 2018. "The terms of appointment are subject
to approval from shareholders and the Insurance Regulatory and Development
Authority of India (IRDAI)", HDFC Standard Life Insurance said in the
filing with the BSE.
Cabinet approves 25% hike in ethanol
prices
The Cabinet, in its meeting held on
Wednesday, approved price hikes in ethanol produced directly from sugarcane
juice to the extent of 25%. This move is to encourage domestic sugar mills to
divert production to the vehicle fuel in order to reduce piling up of sugar.
The higher consumption of ethanol through
increasing blend with petrol would also result in a cut in crude oil import.
The push towards higher production of ethanol would also aid the sugar mills to
release the farmer’s cane arrears.
Narayana Hrudayalaya enters into
partnership with Imperial Hospital
Shares of Narayana Hrudayalaya gained 2%
after the healthcare company entered into agreement with Imperial Hospital in
Chittagong, Bangladesh.
NH Health Bangladesh Private Ltd, a step-down
subsidiary of Narayana Hrudayalaya, has entered into definitive agreements to
partner with Imperial Hospital Limited in Chittagong, Bangladesh to operate and
manage their cardiac sciences department. This 350-capacity bedded hospital is
expected to be commissioned within the next six months, as per BSE filing.
Godrej Agrovet stock rises after board
considers merger of Astec LifeSciences
Godrej Agrovet has informed BSE that its
Board of Directors will meet on September 14, 2018, to consider and approve
Scheme of Amalgamation of Astec LifeSciences (a subsidiary of the company) with
the company and also to discuss on business strategies.
“The Trading Window for dealing in shares
of the Company shall remain closed for all Directors / Key Managerial Personnel
/ Designated Employees/ Connected Persons from Wednesday, September 12, 2018 to
September 17, 2018 (both days inclusive) in accordance with the Company's Code
of Conduct for Prohibition of Insider Trading and Securities and Exchange Board
of India (Prohibition of Insider Trading) Regulations, 2015.”
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