Morning Watch: Tata Motors to Hike Prices, Indigo to Hold EGM on Dec 30 & More

© Reuters.

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , was found trading 0.14% higher at 7:48 am on Tuesday, indicating a positive open on Dalal Street. At the same time, the was trading 0.17% higher.

Tata Motors (NS:): The Mumbai-based automaker has announced hiking the prices of its vehicles across the commercial vehicle segment, in the range of 2.5%, starting January 1, 2021.

HCL Technologies (NS:): The IT services major has announced plans to create 12,000 new jobs in the US on Monday, over the next five years, with plans to recruit over 2,000 graduates in the upcoming 3 years.

ITC (NS:): The cigarette-to-hospitality conglomerate has announced a tie-up between its Hotels and industry body CII, and a Swiss trading partner, to strengthen development in the Indian hospitality sector.

Ashok Leyland (NS:): The truck manufacturer has entered into a strategic financing partnership with the state-owned lender Bank of Baroda Ltd (NS:) for three years, by signing an MoU with the latter, helping both parties to offer customised financial solutions to customers.

Interglobe Aviation Ltd (NS:): the operator of the country’s largest passenger airline IndiGo will hold a shareholders’ meeting, an extraordinary general meeting (EGM) on December 30 to revise the conglomerate’s Articles of Association, on requests received from its promoters.

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