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Contact: Daytradertelugu@gmail.com
STOCKS IN ACTION 21 SEPTEMBER
Infosys: The IT major has tied up with NVIDIA to develop generative AI applications and solutions. The broadened alliance brings together Nvidia AI Enterprise and Infosys Topaz, an AI suite of services that was introduced earlier this year. The companies will collaborate to train 50,000 Infosys employees on NVIDIA AI.
SBI, KFin Technologies: The state-run lender has appointed KFin Technologies as the Registrar and Share Transfer Agent (RTA) in place of existing RTA Alankit Assignments. The formalities for the change of RTA relating to documentation, shifting of electronic connectivity, and transition of data are in process.
REC: Kallam Transco has been incorporated as a wholly-owned subsidiary of REC Power Development and Consultancy. The company also announced the sale of Beawar Transmission to Sterlite Grid 27, comprising 50,000 equity shares. Sterlite was the successful bidder selected through a tariff-based competitive bidding process to establish an inter-state transmission system for REZ in Rajasthan under Phas
Cipla: An inspection was conducted by the USFDA at the manufacturing facility of unit InvaGen Pharmaceuticals Inc. in New York from Sept. 11 to 13. InvaGen has received five inspectional observations in Form 483. There are no repeat or data integrity (DI) observations.
InterGlobe Aviation: Rival Akasa Air was forced to thin out its schedule after some pilots left and joined bigger competitors, reported Bloomberg. The market share of Akasa dropped to 4.2% in August from 5.2% the month before.
Zydus Lifesciences: The drugmaker received final approval from the USFDA for Clindamycin Phosphate Gel USP, 1%. Clindamycin Phosphate Gel USP, 1%, had annual sales of $37 million in the U.S. The group now has 381 approvals.
SJVN: The Power Ministry will sell up to 2.46% of the stake, or 9.66 crore shares, via OFS. The floor price of OFS is set at Rs. 69 per share. OFS is to open on Sept. 21 for non-retail investors and Sept. 22 for retail investors. OFS has the oversubscription option to sell an additional 2.46% stake.
Biocon: Unit Biocon Biologics received European Commission-granted marketing authorisation in the EU for YESAFILI, a biosimilar of Aflibercept. Aflibercept had EU brand sales of approximately $1.8 billion for the 12 months ending Dec. 31, 2022, according to IQVIA.
Apollo Tyres: Bias and OTR tyre production at their manufacturing facility in Limda, Gujarat, has been stopped due to certain concerns amongst shop floor employees relating to the renewal of the long-term settlement agreement. The company is in discussions and negotiations with the labour union representatives to address their concerns.
Sheela Foam: The QIP committee authorised the opening of the QIP issue on Wednesday and set the floor price at Rs 1,133.99 apiece.
Exide Industries: The company has invested Rs 124.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions, on a rights basis.
Kalpataru Projects International: The Board approved a proposal for raising funds by way of the issuance of non-convertible debentures on a private placement basis.
Godawari Power and ISPAT: The credit rating has been upgraded by Crisil for its long-term and short-term bank loan facilities.
WPIL: The company has received a contract for the supply of an onboard range of centrifugal pumps and spares for different classes of ships from the Ministry of Defence for Rs 14.3 crore, which is to be executed over a period of 24 months.
Sheela Foam: to launch QIP to raise up to Rs 1,200 cr: Sources to VivekIyer
ABB: to launch electric powertrain system for ArcelorMittal Nippon Steel's new steel mill in Gujarat
BYJU’S: appoints Arjun Mohan as India CEO after Mrinal Mohit quits
@daytradertelugu
Infosys: The IT major has tied up with NVIDIA to develop generative AI applications and solutions. The broadened alliance brings together Nvidia AI Enterprise and Infosys Topaz, an AI suite of services that was introduced earlier this year. The companies will collaborate to train 50,000 Infosys employees on NVIDIA AI.
SBI, KFin Technologies: The state-run lender has appointed KFin Technologies as the Registrar and Share Transfer Agent (RTA) in place of existing RTA Alankit Assignments. The formalities for the change of RTA relating to documentation, shifting of electronic connectivity, and transition of data are in process.
REC: Kallam Transco has been incorporated as a wholly-owned subsidiary of REC Power Development and Consultancy. The company also announced the sale of Beawar Transmission to Sterlite Grid 27, comprising 50,000 equity shares. Sterlite was the successful bidder selected through a tariff-based competitive bidding process to establish an inter-state transmission system for REZ in Rajasthan under Phas
Cipla: An inspection was conducted by the USFDA at the manufacturing facility of unit InvaGen Pharmaceuticals Inc. in New York from Sept. 11 to 13. InvaGen has received five inspectional observations in Form 483. There are no repeat or data integrity (DI) observations.
InterGlobe Aviation: Rival Akasa Air was forced to thin out its schedule after some pilots left and joined bigger competitors, reported Bloomberg. The market share of Akasa dropped to 4.2% in August from 5.2% the month before.
Zydus Lifesciences: The drugmaker received final approval from the USFDA for Clindamycin Phosphate Gel USP, 1%. Clindamycin Phosphate Gel USP, 1%, had annual sales of $37 million in the U.S. The group now has 381 approvals.
SJVN: The Power Ministry will sell up to 2.46% of the stake, or 9.66 crore shares, via OFS. The floor price of OFS is set at Rs. 69 per share. OFS is to open on Sept. 21 for non-retail investors and Sept. 22 for retail investors. OFS has the oversubscription option to sell an additional 2.46% stake.
Biocon: Unit Biocon Biologics received European Commission-granted marketing authorisation in the EU for YESAFILI, a biosimilar of Aflibercept. Aflibercept had EU brand sales of approximately $1.8 billion for the 12 months ending Dec. 31, 2022, according to IQVIA.
Apollo Tyres: Bias and OTR tyre production at their manufacturing facility in Limda, Gujarat, has been stopped due to certain concerns amongst shop floor employees relating to the renewal of the long-term settlement agreement. The company is in discussions and negotiations with the labour union representatives to address their concerns.
Sheela Foam: The QIP committee authorised the opening of the QIP issue on Wednesday and set the floor price at Rs 1,133.99 apiece.
Exide Industries: The company has invested Rs 124.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions, on a rights basis.
Kalpataru Projects International: The Board approved a proposal for raising funds by way of the issuance of non-convertible debentures on a private placement basis.
Godawari Power and ISPAT: The credit rating has been upgraded by Crisil for its long-term and short-term bank loan facilities.
WPIL: The company has received a contract for the supply of an onboard range of centrifugal pumps and spares for different classes of ships from the Ministry of Defence for Rs 14.3 crore, which is to be executed over a period of 24 months.
Sheela Foam: to launch QIP to raise up to Rs 1,200 cr: Sources to VivekIyer
ABB: to launch electric powertrain system for ArcelorMittal Nippon Steel's new steel mill in Gujarat
BYJU’S: appoints Arjun Mohan as India CEO after Mrinal Mohit quits
@daytradertelugu
