PRE-MARKET INDIAN STOCKS NEWS: Tata Power (TPWR IS) partnered with Norway-based Ocean Sun to bring membrane-based floating solar technology to India
The October 8 roundup reports six Indian-company developments involving credit ratings, expansion, quarterly revenue, fundraising, debt repayment and a floating-solar partnership.
News detail
Adani Enterprises (ADE IS) - Co. received a credit rating upgrade from CARE Ratings to CARE AA; Stable from CARE AA-; Stable, the highest rating in its credit history, while its short-term rating was reaffirmed at CARE A1+. (Economic Times) HCL Technologies (HCLT IS) - Co. expanded its presence in South Africa with the launch of a new regional headquarters in Johannesburg’s Sandton business district. (Economic Times) Jubilant FoodWorks (JUBI IS) - Co. Q2 (INR) rev. rose 11.9% Y/Y to 26.09bln. (Economic Times) Ola Electric Mobility (OLAELEC IS) - Co. approved a rights issue to raise up to INR 10bln through 370.3mln partly paid-up equity shares at INR 27/shr. (Economic Times) PC Jeweller (PCJL IS) - Co. Q2 consolidated rev. rose 28% Y/Y amid healthy consumer demand, received INR 1.42bln in remittances from outstanding export debtors and achieved debt-free status following repayments. (Moneycontrol) Tata Power (TPWR IS) - Co. partnered with Norway-based Ocean Sun to bring membrane-based floating solar technology to India. (Economic Times)
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