Hero MotoCorp, ONGC, Thermax in spotlight | Business Standard News

2022-06-25 03:10:00 By : Mr. xiao liu

Capital Market  Last Updated at June 24, 2022 09:05 IST

Hero MotoCorp: Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from 1 July 2022. The price revision will be up to Rs. 3000. The exact quantum of increase will be subject to the specific model and market. The price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices.

ONGC: ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of ONGC, has made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia. ONGC Videsh holds 70% participating interest (PI) in the block along with operatorship, remaining 30% is held by partner Geopark.

Thermax: First Energy Private Limited (FEPL), wholly owned subsidiary of the company has acquired two companies vide Share Purchase Agreement (SPA). The companies acquired are Jalansar Wind Energy Private Limited (JWEPL) and Kanakal Wind Energy Private Limited (KWEPL).

Jammu & Kashmir Bank: The meeting of the board of directors of the bank is scheduled on 28 June 2022 to consider the raising of capital (Tier I/Tier II) during the financial year 2022-23.

Cigniti Technologies: The meeting of the board of directors of the company is scheduled on 29 June 2022, through video conference to consider and approve the closure of buyback of equity shares of the company.

Century Plyboards (India): The company has made further investments to the extent of Rs. 20.95 crore in its wholly owned subsidiary company, Century Panels Limited, by way of subscription to 2.95 crore fully paid up equity shares of face value Rs.10/- each through rights issue.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard . Digital Editor

Copyrights © 2022 Business Standard Private Ltd. All rights reserved.

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

Welcome to the premium services of Business Standard brought to you courtesy FIS. Kindly visit the Manage my subscription page to discover the benefits of this programme. Enjoy Reading! Team Business Standard

"scrollToTopButton" on="tap:top.scrollTo(duration=200)" class="scrollToTop">Top