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Contact: Daytradertelugu@gmail.com
MakeMyTrip logs highest-ever quarterly gross bookings at $1.98 billion, net profit at $18.6 million
Aditya Birla Group arm Aditya Birla New Age Hospitality acquires 100% stake of four brands including Hakkasan, Yauatcha, Nara Thai, & CinCin
Sula Vineyards receives excise duty notice of Rs 116 crore from Maharashtra Excise Ministry
IDBIBank files an appeal before NCLAT, Delhi, against ZeeEnt challenging NCLT order of May 19, 2023
SML Isuzu reports 23% rise in total sales at 1,250 units vs 1,020 units (YoY)
RITES appoints Krishna Gopal Agarwal as Chief Financial Officer w.e.f August 1, 2023
Lupin gets US FDA approval for Turqoz used in treatment of bacterial & parasitic infections
@daytradertelugu
Aditya Birla Group arm Aditya Birla New Age Hospitality acquires 100% stake of four brands including Hakkasan, Yauatcha, Nara Thai, & CinCin
Sula Vineyards receives excise duty notice of Rs 116 crore from Maharashtra Excise Ministry
IDBIBank files an appeal before NCLAT, Delhi, against ZeeEnt challenging NCLT order of May 19, 2023
SML Isuzu reports 23% rise in total sales at 1,250 units vs 1,020 units (YoY)
RITES appoints Krishna Gopal Agarwal as Chief Financial Officer w.e.f August 1, 2023
Lupin gets US FDA approval for Turqoz used in treatment of bacterial & parasitic infections
@daytradertelugu
STOCKS IN ACTION 2 AUGUST
DLF: The company’s promoter, Kushal Pal Singh, sold 1.44 crore shares, representing its entire 0.59% stake in the company. The shares were sold via bulk deal for Rs 504.21 apiece.
Zee Entertainment: The company said IDBI Bank has challenged NCLT's order before NCLAT. NCLT had dismissed an application filed under Section 7 of IBC, 2016, by IDBI Bank against the company on May 19, 2023.
Hero MotoCorp: The Enforcement Directorate officials have visited two of the company’s offices in Delhi and Gurugram and also visited the residence of Executive Chairman Pawan Munjal.
Grasim Industries: The company has approved allotting 1,00,000 (7.35%) fully paid, unsecured, listed, rated, redeemable, non-convertible debentures, aggregating to Rs 1000 crore, on a private placement basis.
GE Power Grid: The company received a contract worth over Rs 444 crore from Gujarat State Electricity Corporation for design, engineering, manufacturing, supply, shop testing, packing, installation, commissioning, and PG testing of the FGD System. The order will be executed within 30 months.
Shree Renuka Sugars: The company agreed to issue guarantees to RBL Bank to repay Harvest and Transport (H&T) Operators loan of Rs 75 crore.
Genus Power Infrastructures: The company executed an engineering and procurement contract it signed with Hi-Print Infra and Gemstar Infra. The contract was for Advanced Metering Infrastructure Solutions services to be procured by Gemstar Infra and Hi-Print Infra.
Gujarat Ambuja Exports: The company approved a scheme of amalgamation between Mohit Agro Commodities Processing and Gujarat Ambuja Exports.
Syrma SGS Technology: The company approved the 51% acquisition of Johari Digital Healthcare for Rs 257.5 crore, which includes milestone-based deferred payments not exceeding Rs 28 crore.
Axis Bank: Independent Director Manoj Kohli resigned. The resignation will take effect on Aug. 11.
State Bank of India: The bank raised Rs 10,000 crore through non-convertible, fully paid-up long-term bonds in the nature of debentures of face value of Rs 1 lakh each at a coupon of 7.54%
Safari Industries (India): The company's unit Safari Manufacturing has commenced commercial manufacturing of luggage on Aug. 1 from its increased capacity at its Gujarat factory. The effective production capacity has increased from 2,25,000 pieces per month to 3,50,000 pieces per month.
Sealmatic India: The company won an order to supply high-critical mechanical seals for demanding applications for 52 pumps in the FCCU, VBU, and BBU units at IOCL Mathura.
Power Grid Corporation of India: The company approved an investment proposal for an 85 MW Solar PV power project at Nagda, MP, for an estimated cost of Rs 554.91 crore.
NBCC: The company voluntarily dissolved its wholly owned subsidiary, NBCC International.
Ashiana Housing: The company has inked an investment framework agreement with the International Finance Corporation, which will invest Rs 112.5 crore and a maximum of Rs 225 crore. The proposal includes project-to-project investment by IFC, representing 40% of the capital required by a project. The remaining 60%, i.e., Rs 168.75 crore, will be contributed by Ashiana Housing.
DLF: The company’s promoter, Kushal Pal Singh, sold 1.44 crore shares, representing its entire 0.59% stake in the company. The shares were sold via bulk deal for Rs 504.21 apiece.
Zee Entertainment: The company said IDBI Bank has challenged NCLT's order before NCLAT. NCLT had dismissed an application filed under Section 7 of IBC, 2016, by IDBI Bank against the company on May 19, 2023.
Hero MotoCorp: The Enforcement Directorate officials have visited two of the company’s offices in Delhi and Gurugram and also visited the residence of Executive Chairman Pawan Munjal.
Grasim Industries: The company has approved allotting 1,00,000 (7.35%) fully paid, unsecured, listed, rated, redeemable, non-convertible debentures, aggregating to Rs 1000 crore, on a private placement basis.
GE Power Grid: The company received a contract worth over Rs 444 crore from Gujarat State Electricity Corporation for design, engineering, manufacturing, supply, shop testing, packing, installation, commissioning, and PG testing of the FGD System. The order will be executed within 30 months.
Shree Renuka Sugars: The company agreed to issue guarantees to RBL Bank to repay Harvest and Transport (H&T) Operators loan of Rs 75 crore.
Genus Power Infrastructures: The company executed an engineering and procurement contract it signed with Hi-Print Infra and Gemstar Infra. The contract was for Advanced Metering Infrastructure Solutions services to be procured by Gemstar Infra and Hi-Print Infra.
Gujarat Ambuja Exports: The company approved a scheme of amalgamation between Mohit Agro Commodities Processing and Gujarat Ambuja Exports.
Syrma SGS Technology: The company approved the 51% acquisition of Johari Digital Healthcare for Rs 257.5 crore, which includes milestone-based deferred payments not exceeding Rs 28 crore.
Axis Bank: Independent Director Manoj Kohli resigned. The resignation will take effect on Aug. 11.
State Bank of India: The bank raised Rs 10,000 crore through non-convertible, fully paid-up long-term bonds in the nature of debentures of face value of Rs 1 lakh each at a coupon of 7.54%
Safari Industries (India): The company's unit Safari Manufacturing has commenced commercial manufacturing of luggage on Aug. 1 from its increased capacity at its Gujarat factory. The effective production capacity has increased from 2,25,000 pieces per month to 3,50,000 pieces per month.
Sealmatic India: The company won an order to supply high-critical mechanical seals for demanding applications for 52 pumps in the FCCU, VBU, and BBU units at IOCL Mathura.
Power Grid Corporation of India: The company approved an investment proposal for an 85 MW Solar PV power project at Nagda, MP, for an estimated cost of Rs 554.91 crore.
NBCC: The company voluntarily dissolved its wholly owned subsidiary, NBCC International.
Ashiana Housing: The company has inked an investment framework agreement with the International Finance Corporation, which will invest Rs 112.5 crore and a maximum of Rs 225 crore. The proposal includes project-to-project investment by IFC, representing 40% of the capital required by a project. The remaining 60%, i.e., Rs 168.75 crore, will be contributed by Ashiana Housing.
