Tata Motors incorporates new EV arm Tata Passenger Electric Mobility Ltd
Tata Motors incorporates new EV arm Tata Passenger Electric Mobility Ltd

Tata Motors incorporates new EV arm Tata Passenger Electric Mobility Ltd

Tata Passenger Electric Mobility Ltd (TPEML) is the newly incorporated 100 per cent subsidiary of the automotive giant Tata Motors Ltd. with an authorized capital of Rs 700 crore. The entire paid-up share capital will be held by TML.

Shreya Banthia Article rating: 3.7

The incorporation of TPEML is according to a binding agreement of the automaker with private equity firm TGP Rise Climate for an investment of Rs 7500 crore by TGP Rise Climate into a wholly-owned subsidiary of Tata Motors, as informed by Tata Motors in its earlier press release on October 12, 2021. Tata Motors informed their intent to use the proposed investment by TGP to partly fund investment of USD 2 billion (over Rs 16,000 crore) in the next five years in expanding its EV business with a plan to Introduce 10 new EVs(by FY 26).

GPT Infraprojects soars 12 per cent after securing Rs 187.81 crore construction order
GPT Infraprojects soars 12 per cent after securing Rs 187.81 crore construction order

GPT Infraprojects soars 12 per cent after securing Rs 187.81 crore construction order

The company has current orders in hand of nearly Rs 2,072 crore

Anthony Fernandes Article rating: 4.7

Shares of GPT Infraprojects were trading up by 14 per cent intraday on Thursday after the company bagged a deal valued at Rs 187.81 crore from Maharashtra Rail Infrastructure Development Corporation Limited. 

How is Nifty going to close at weekly expiry?
How is Nifty going to close at weekly expiry?

How is Nifty going to close at weekly expiry?

Rohit Kale Article rating: 5.0

It has been a volatile expiry for Nifty as it made huge swings in both directions. On Monday, Nifty had made a swing low of 16,410

Five stocks witnessing short covering
Five stocks witnessing short covering

Five stocks witnessing short covering

Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.

Avalokita Pandey Article rating: 4.8

List of the stocks where sell positions are being covered in the F&O segment.

Five stocks witnessing long unwinding
Five stocks witnessing long unwinding

Five stocks witnessing long unwinding

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

Avalokita Pandey Article rating: 4.3

Following are the stocks where profit booking is seen taking place in the F&O segment.

How is Bank Nifty likely to expire this week?
How is Bank Nifty likely to expire this week?

How is Bank Nifty likely to expire this week?

Rohit Kale Article rating: 4.6

As the weekly series of December 23 is coming to an end, it will be important to analyse how the index is likely to close on Thursday. A thorough analysis of the technical chart and open interest is important to get an idea about the index’s behaviour.  

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