Reliance Industries has exited all its business in the upstream oil and gas shale play that was based out of the United States. Reliance Eagleford Upstream Holding (REULP), a wholly-owned step-down subsidiary of Reliance Industries, announced the signing of agreements with Ensign Operating III, a Delaware limited liability company, to divest its interest in certain upstream assets in the Eagleford shale play of Texas, USA. With this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America.
Maruti Suzuki India (MSIL) will go ahead and finalise plans to set up of a Rs 18,000 crore new manufacturing facility in Haryana before the end of this calendar year with the state government reducing the gross salary cap to Rs 30,000 per month in its 75 per cent job reservation policy for locals.
Artson Engineering has received order confirmation of Rs 17.08 crore from Tata Projects for Mechanical Installation and Commissioning Works at GRSE Yard.
Emerald Leasing Finance & Investment Company has tied up with HDFC bank for issuing co-branded prepaid cards. The company will have the access to load and reload the cards, new card indent etc. The Card can also be used on all domestic Ecom & POS platform.
TVS Motor is reportedly in talks with a clutch of global private equity investors to raise $300-500 million (Rs 2,220-3,700 crore) for its electric vehicle subsidiary at a valuation of $3.5-4 billion. TVS is seeking to raise the funds from pure financial investors and has no plans to onboard strategic investors.
PG Electroplast’s wholly owned subsidiary -- PG Technoplast has received approval from Government of India under the Production Linked Incentive (PLI) Scheme for white goods under the air conditioner components category. It will be investing Rs 321 crore over a period of five years which the company has already begun in FY2022.
Balaxi Pharmaceuticals’ wholly owned subsidiary -- Balaxi Global DMCC, Dubai (BGD), has completed acquisition of 99% shares of Balaxi Healthcare El Salvador, S.A DE C.V, El Salvador, Central America (BHES), which has consequently become the step-down subsidiary of Balaxi Pharmaceuticals.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1265.95 |
| Indian Oil Corp. | 132.60 |
| BPCL | 285.80 |
| HPCL | 360.55 |
| MRPL | 157.55 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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