Stocks to Watch, September 8: Vedanta, Amber Enterprises, SpiceJet, BHEL, Tata Motors, M&M, Aurobindo Pharma

Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to ₹2.4 lakh. The company said the price cut ranging between ₹60,640 on the Verna to ₹2.4 lakh on the premium SUV Tucson will be applicable from September 22.

Vedanta beat Adani Group with a bid whose net present value comes to ₹12,505 crore in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels and roads.

Harpreet Singh, Partner, Deloitte India, told PTI that detergents, an equally essential item in every household, appear to have been inadvertently left out.

Grant Thornton Bharat Partner and Consumer Leader Naveen Malpani said the Indian beauty and personal care market is growing at a healthy annual rate of 10–11%.

"While a reduction in GST rates on cosmetics could have further accelerated growth in this category, especially for premium products, demand remains intact," Malpani said.

The rural market is "very important" for Britannia, where the maker of Good Day, Marie Gold, and Tiger biscuits reported growth in double digits in the latest April-June quarter and is now amplifying reach through direct distribution to have a "continuous stream" of products being available in those far-flung markets, he added.

Initiating the payment of dividend to shareholders, Chatterjee, the bank's Managing Director and CEO, presented two dividend cheques of ₹122.85 crore and ₹7.92 crore to the UT administration, an official spokesman said.

The dividend cheques were handed over to Lieutenant Governor Manoj Sinha at Raj Bhawan, the spokesperson said.

PNB MD & CEO Ashok Chandra said the bank was "delighted to partner in Rajasthan's ambitious growth story", adding that its wide presence and digital capabilities would help drive socio-economic progress.

The new investment, the third in the past two years in India, will expand the GITC to strengthen its position as a leader in healthcare innovation both globally and in the country, AstraZeneca said in a statement.

"This new investment reflects our ongoing mission to improve patient lives by embedding cutting-edge technologies into every aspect of our work. Chennai continues to evolve as a vital innovation hub, and our continued growth here demonstrates the state's boundless potential," AstraZeneca India Pvt Ltd Managing Director Siva Padmanabhan said.

In an exchange filing, the company said that it will supply 336 MW of advanced Hypersol G12R solar modules, based on N-type technology. These modules will be deployed in Gujarat's Khavda.

This latest mobile offers improved bifaciality of up to 80%, better high-temperature performance and lower year-on-year degradation (≤0.4%).

The budget carrier, which had been facing multiple headwinds, raked in a total income of ₹1,190.56 crore in the first quarter of the current financial year. The same stood at ₹2,067.21 crore in the same period a year ago, according to a regulatory filing.

In a statement, SpiceJet said the results were significantly impacted by the geopolitical situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand.

At the end of the current inspection, a ‘Form 483’ was issued with a total of 8 observations for both (oral solids & injectable). All observations are procedural in nature. "We will respond to the US FDA within the stipulated timelines," the company said.