Stocks in News;
Indo Amines: Sets Jan. 15 as record date for 2-for-1 stock split. Shares of face value of Rs 10 which will be subdivided into two of Rs 5 each.
Raymond: To Invest Up To 1.5b Rupees In Unit Ten X Realty
Amara Raja Batteries: To invest in InoBat Auto AS, Oslo Norway, which is into research and development in the field of batteries for electric vehicles. Amara Raja also has right to participate and subscribe up to €10 million in InoBat Auto’s further fund raising and subsequent listing at stock exchange. InoBat Auto is in a pre-revenue stage and is intending to raise funds for setting up pilot plant and has further plans to set up giga factories.
Shriram Transport Finance: Company will consider raising of funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis during January.
Vakrangee: Tied up with Nayara Energy Ltd. for setting up Vakrangee Kendra outlets at its Nayara retail fuel outlets.
Mishtann Foods: Signed a MoU with the Government of Gujarat for the proposed project of manufacturing grain based ethanol.
GR Infraprojects: Emerged as L-1 bidder in financial bid for a tender invited by Noida Metro Rail Corporation. Total project cost is Rs 593 crore.
ATUM Solar Roof - Designed, Innovated and Made in India - for the World - receives a Patent from USA
KD Leisures Ltd commences trading of clothing
Maral Overseas Ltd commences commercial production of new unit
India Grid Trust consortium completes acquisition of Kallam Transmission Ltd
Sandhar Technologies Ltd acquires shares of JV company
Sterlite Power acquires Nangalbibra - Bongaigaon ISTS Project from PFC
Ruttonsha International Rectifier Ltd board approves acquisition of Visicon Power
Diamines and Chemicals Ltd to sell wind power projects
TCS Expands Microsoft Expertise, achieves All 18 Microsoft Gold Competencies
Blue Dart: India Ratings assigned long-term issuer rating ‘AA’ and rated outlook as ‘stable’.
Adani Enterprises: Incorporated wholly-owned subsidiaries named Budaun Hardoi Road Pvt. Ltd. and Unnao Prayagraj Road Pvt. Ltd. to carry out various projects.
M&M: Unit Agreed To Sell Its Entire Stake Aggregating 49% Held In Mahindra Tsubaki Conveyor Systems For Rupees 589m
Sun Pharma: To Set Up An End-To-End Manufacturing Facility In Andhra Pradesh
Strides Pharma: Receives DCGI Approval Under EUA To Commercialize Molnupiravir, An Oral Medication For Covid-19
Torrent Pharma: To Launch Molnupiravir Under The Brand Name Molnutor In India For The Treatment Of Covid-19 In Adults For Restricted Emergency Use In India
Cipla: To launch Molnupiravir under the brand name Cipmolnu to treat mild to moderate covid-19 after receiving DCGI approval.
Dr. Reddy’s: To launch Molnupiravir capsules under the brand name Molflu after getting DCGI approval. To also meet on Jan. 28 to consider Q3 results.
Natco Pharma: To launch Molnupiravir under the brand name Molnunat after getting DCGI approval.
Aurobindo Pharma: To launch Molnupiravir under the brand name Molnaflu after getting DCGI approval.
Vedanta: Vedanta Resources’ Zambia copper unit, which is under provisional liquidation since May 2019, has been run down and is on the verge of collapse, CEO Sunil Duggal said. The unit known as Konkola Copper Mines requires $1.5 billion to make it a world-class asset, he said.
