Tata Power Company is empanelled and secured a contract worth Rs400cr from the Kerala State Electricity Board Limited (KSEBL) on July 2, 2021, to develop a 64 MW solar rooftop project for domestic consumers across all districts of Kerala. As a part of this agreement, the company will implement projects through KSEBL of 80MW for individual households with solar capacity ranging from 3kW - 10kW.

Bharat Dynamics Limited (BDL) inked a deal worth about Rs499cr with the Ministry of Defence for the manufacture and supply of Akash Missiles to the Indian Air Force. Additionally, with the approval from the Union Cabinet regarding the export of the Akash Weapon System, the company is exploring options to export Akash to foreign countries. Post this news, the stocks gained considerably on Friday.

Mahindra and Mahindra Financial Services Limited (MMFSL), a listed subsidiary of Mahindra & Mahindra Limited concluded the acquisition of 20% of the Equity Share Capital of Ideal Finance Limited from its existing shareholders. The deal resulted in an increase in MMFSL’s stake in Ideal Finance from 38.20% to 58.20%. Post this agreement, Ideal Finance has become a Subsidiary of the Company.

Zomato, on July 8, increased the reward on its bug bounty programme. Now an individual can win as much as $4,000 (nearly 3 lakh) if they find a vulnerability in the company's app or website. Zomato will use the Common Vulnerability Scoring System (CVSS) to assess the severity of vulnerability, based on which the final reward will be calculated.

NMDC Limited announced that during the two-day offer of sale Oversubscription Option was exercised, to the extent of additional 10,22,78, 144 equity shares. Consequently, 19,75,52, 139 equity shares were sold to non-retail investors on the basis of the valid bids received from non-retail investors on July 6, 2021. Post the publication of this news, NMDC stocks traded marginally higher on Friday.

Gold Futures traded higher on Friday tracking a positive trend in the international spot prices, which were up on a slight pullback in the US Dollar that made bullion less expensive for other currency holders. On the MCX, August gold contracts were trading 0.32% higher at Rs 47,875 for 10 grams at 0930 hours. September silver futures were trading 0.20% lower at Rs 68,827 a kilogram.

Elgi Equipments' US subsidiary ‘Elgi Compressors USA Inc.’ established a Joint Venture company ‘Gentex Air Solutions, LLC’ as a North Carolina Ltd Liability Company, along with James Gery and Diego Hernandez. Elgi Compressors USA Inc. invested 95,000 USD at 1 USD per share (70,000 USD in Class A Shares and 25,000 USD in Class B Shares) for 33.33% stake in Gentex Air Solutions in this project.

CRISIL Ratings assigned a CRISIL A1+ rating to the Rs550cr Commercial Paper programme (debt instrument) of Phillips Carbon Black Limited. At around 10.00 AM, Phillips Carbon Black Ltd was trading at Rs238.30 per piece up Rs1.85 or 0.77% from its previous closing of Rs240.15. Phillips Carbon Black, a part of RP-Sanjiv Goenka Group, was set up by Mr. K. P. Goenka in 1960, for importing carbon black.

CRMNEXT raised $16 Mn in a funding round led by Avataar Ventures and Ascent Capital. It will use the funds to double its workforce and expand globally. Founded by Nishant Singh and Bidhan Choudhary, CRMNEXT provides enterprise solutions for banks and financial services companies. The Noida based company has a team of about 1,000 people and plans to double it in three years.

Bank of Baroda's Board of Directors nodded to the appointment of Alok Vajpeyi as Shareholder Director of the Bank. Alok Vajpeyi, aged 60 years of Mumbai is B.Sc. (Econ.) – London School of Economics, ACA (Institute of Chartered Accountants in England & Wales). He has nearly 40 years of work experience and harbours special knowledge in the fields of Economics and Financial Services & Fintech.

Dwarikesh Sugar to set up a 175 KLPD distillery at its Dwarikesh Dham unit in Bareilly, UP with an investment of Rs232cr. The existing capacity of the unit is 162.5 KLPD with the utilization of approximately 90% and will be completed in 15 to 16 months. This project announced is in line with the Indian government’s commitment to broaden the ethanol manufacturing base in India.

Microsoft is offering its staff a bonus of $1,500 in 'recognition of the unique and challenging fiscal year' that Microsoft just completed more than a year of impact from the coronavirus, the Verge reported. The bonus is an effort by Microsoft to keep employees happy during the pandemic and make sure they stick around while many are still away from offices.

Aban Offshore Limited secured a possession notice for the company's assets under section 13(12) of the SARFAESI Act, 2002 on 8th July 2021 from Punjab National Bank, Chennai for the recovery of loan borrowed by the Company. Aban Offshore is India's largest offshore drilling services provider headquartered in Chennai, India. Its services are mainly used by oil companies, especially for ONGC.

ABans Enterprises confirmed that Nirbhay Vassa, Chief Financial Officer of the Company exited from his position from the end of business hours of 8th July, 2021 due to administrative reasons and is being proposed to be appointed in another company of Abans Group. ABans Enterprises provides financial services. The Company deals in trading in commodities, equities, and currency derivatives.

Clean Science and Technology public issue secured bids for 5.26 crore shares as against 1.23 crore shares on offer. The issue was subscribed 4.28 times. The portion set aside for qualified institutional buyers has subscribed 2.12 times, while non-institutional investors have put in bids 4.51 times their reserved portion, and retail bidders 5.42 times their reserved portion.