1 / 9Tata Motors | Jaguar Land Rover (JLR) reported a mixed performance for Q3 FY25. Wholesale volumes increased by 3% year-on-year (YoY) to 1,04,427 units, reflecting a recovery from prior supply disruptions, while retail sales declined 3% YoY to 1,06,334 units. Wholesales showed a strong 20% sequential rise from Q2 FY25. Notable gains were observed for JLR’s flagship models, with Range Rover up 22%, Range Rover Sport up 17%, and Defender up 13% YoY. The overall mix of these high-margin models grew to 70% of total wholesale volumes.
2 / 9BHEL | State-owned company said it has successfully commissioned the first two units of the 6×170 MW Punatsangchhu-II hydroelectric project (PHEP-II) in Bhutan. Located in Bhutan’s Wangdue district, PHEP-II is a greenfield hydroelectric project executed under a bilateral agreement between the Government of India and the Royal Government of Bhutan.
3 / 9Hindalco | US-based Novelis Inc announced that it plans to offer $500 million in senior unsecured notes due 2030 in a private offering. The offering is exempt from registration under the Securities Act of 1933. The notes will be guaranteed by Novelis and some of its subsidiaries on a senior unsecured basis. Proceeds from the offering will primarily be used to repay $491 million in outstanding borrowings under its revolving credit facility. Any remaining funds will be used for general corporate purposes.
4 / 9Manappuram Finance | The Reserve Bank of India said it has removed supervisory restrictions imposed on Asirvad Micro Finance Ltd with immediate effect. Asirvad Microfinance is microlending arm of Manappuram Finance. The restrictions, which had been placed on the companies on October 17, 2024, required them to cease sanctioning and disbursing loans, effective from October 21, 2024.
5 / 9Lupin | Pharma company said has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Pithampur Unit-1 manufacturing facility that manufactures both APIs and finished products. “The EIR was issued with an inspection classification of Voluntary Action Indicated (VAI) post the inspection of the facility from September 16 to September 27, 2024,” the company said.
6 / 9MOIL | State-owned company said it has been imposed a penalty of ₹16.77 crore by the Collector of Balaghat for exceeding the production limit at its Tirodi mine beyond the environmental clearance (EC) and consent to operate (CTO) for the years 1993-94 to 1995-96 and 2006-07 to 2008-09. The penalty was levied for violations related to production beyond the prescribed limits during the mentioned periods.
7 / 9ACME | Renewable energy firm said it has successfully commissioned an additional 90 MW of solar power capacity in Rajasthan, bringing its total operational renewable generation capacity to 2,453 MW. The additional capacity comprises 62 MW from ACME Dhaulpur Powertech Private Ltd and 28 MW from ACME Raisar Solar Energy Private Ltd, both of which were commissioned on January 7, 2025. These two plants are now fully operational with a rated capacity of 300 MW each.
8 / 9PN Gadgil Jewellers | Jewellery retail chain reported a consolidated year-on-year (YoY) revenue growth of 24% for Q3 FY25, driven by robust same-store sales growth and festive demand during Dussehra, Diwali, and the wedding season. The retail segment led the growth with a 42% YoY revenue increase, while the franchise segment posted an 87% YoY rise. The e-commerce segment outperformed, recording a 98% YoY surge in revenue. The diamond category also saw strong momentum, achieving a 40% YoY growth in revenue.
9 / 9Anand Rathi Wealth | Leading name in wealth management services is set to consider issuing bonus shares for the first time. The company’s board of directors will convene on Monday, January 13, 2025, to deliberate on the proposal. The company stated: “In furtherance to our intimation dated 1st January, 2025, regarding the proposed Board Meeting scheduled to be held on Monday, i.e., 13th January, 2025, this is to inform you that the Board of Directors, in its meeting, inter-alia, would also consider a proposal for issuance of Bonus Shares to the shareholders of the company.”
