STOCK MARKET INFOMANIA️

Business tycoon Gautam Adani-led Adani Group is all set to invest ₹60,000 crores ($7.39 billion) in a span of next 10 years in the mineral-rich state of Odisha, reported Reuters on 1 December. According to the report, Adani Group will commission a liquefied natural gas (LNG) terminal with 5 million tons of capacity in Dhamra port in the state in December.

The Company’s step-down subsidiary Eisenwerk Erla GmbH, Germany (EEL) is in the process of transformation from automotive foundry-focus to aerospace business. Considering the various challenges viz.; supply chain crisis at OEMs; current inflation in Europe; steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEL based on the professional advice from experts has decided to undertake corporate restructuring measures through “Protective Shield process by self- administration” under the applicable German Laws. The protective shield process is a management led administration process that offers a solution for the company in the current context and business environment.

DYNAMATIC TECH : The Company has received Notification from Tamil Nadu Government bearing No. 18189/2021, issued by the District Collector Office, Coimbatore, for acquiring the Company’s Wind Farm lands admeasuring 370 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore, for setting up of Defence Industrial Corridor. The Company has acknowledged the receipt of the said notification by showing its willingness to be part of this significant initiative from the State Government of Tamil Nadu and of national importance.

Credit Suisse Shares on Worst Run Since 1989 as Losses Deepen Stock down for 13th consecutive day, setting fresh record low Chairman says volatility will continue until offer completed

OBEROI REALITY: Oberoi Realty shareholders approve purchase of premises by company from Oasis Realty

IMF Chief: The world outlook has darkened since the third quarter

ROUTE MOBILE: Co. Informs that Wholly-owned subsidiary – Route Mobile (UK) Limited, UK has incorporated a subsidiary namely – ‘TruSense Identity Limited’ in England & Wales, United Kingdom. The objects of the company to carry on business of domestic software development, Information technology consultancy activities and Other information technology service activities. This new entity formation would widen the solution offerings of the Company, and further strengthen the Company’s organic growth strategy

Delta Corp : Casinos operated by the company and its subsidiaries were not operational between 1st April 2020 and 31st October 2020 and between 1st May 2021 and 30th September 2021 on account of COVID-19 related restrictions. The licence fees payable for this period were provided as an expense in the consolidated profit and loss account and financial results of the company for the relevant periods, though were not paid. The Government of Goa has issued an order for the payment of the license fee for the above-mentioned shut down periods along with interest. As provisions were already made in the relevant accounts and financial statements for these payments, there is no impact on the profit and loss account or the financial position of the company or its subsidiaries. Nevertheless, we will be pursuing our legal remedies against this order

Tata Power: To set up 1,000 EV charging points and 1 lakh Solar Pumps in Odisha. Tata Power will also set up Microgrids, Rooftop, Floating Solar and Pumped Hydro in Odisha in the next 5 years - CNBC-TV18

MOIL: Manganese ore production in November at 1.2 lakh tonnes, up 60% (MoM) Manganese ore sales last month grew 82% (MoM)