STOCKS IN ACTION 11 October
Titan Company: The company's board will be meeting on Oct. 17 to consider the issuance of non-convertible debentures on a private placement basis within the permissible borrowing limits.
Wipro: The IT major has completed a subscription to the 9.95% equity share capital of FPEL Ujwal, which is engaged in the business of developing, building, and managing a portfolio of solar power assets.
Bank of Baroda: RBI had directed the lender to suspend the onboarding of new customers onto its ‘bob World’ app due to certain supervisory concerns. The bank has said it has initiated steps to plug in gaps in its app, and it will work closely with the RBI to address their concerns as soon as possible.
Samvardhana Motherson International: The company has incorporated Motherson Groups Investments USA Inc. as an indirect wholly owned subsidiary for the purpose of acquiring, investing and holding movable and immovable assets of the group.
PI Industries: Therachem Research Medilab (India) and Solis Pharmachem have been merged into parent company PI Health Sciences, a wholly owned subsidiary of PI Industries.
Thermax: The Bombay High Court granted stay of operation and execution of the arbitral award, subject to the company depositing Rs 218.45 crore, which is returnable with interest in the event the award is set aside by the Court.
Zee Entertainment: The company has been served with an appeal on behalf of IDBI Trusteeship Services against it before the NCLAT, Delhi. The appeal challenges the scheme of arrangement involving Zee Entertainment Enterprises, Bangla Entertainment, and Culver Max Entertainment.
Crompton Greaves Consumer Electricals: The company launched a new product named Acenza in the Storage Water Heater segment.
Fine Organic Industries: The company has incorporated a wholly owned subsidiary 'Fine Organic Industries (SEZ) Private Limited' with a share capital of Rs 1,00,000 for the purpose of carrying on the business of manufacturing specialty chemical products.
MCX: The Multi Commodity Exchange of India will go live with the new commodity derivatives platform on Oct. 16. The exchange will conduct mock trading on Oct. 15.
Birla Corporation: The Office of Collector, Satna (Madhya Pradesh), has imposed a penalty of Rs 8.43 crore on the company for excess production of limestone from captive mining without obtaining environment clearance for the period from 2000-01 to 2006-07.
Ugro Capital: The company's AUM grew 73% year on year to Rs 7,590 crore in Q2 of FY24. Overall efficiency improved by 80 bps to 97.6% in Q2.
IFGL Refractories: The company has been awarded the status of 'Three Star Export House' by the Directorate General of Foreign Trade for the period of Oct. 1, 2023, to March 31, 2028.
Apollo Micro Systems: The company has been granted listing approval by BSE and NSE for an additional 6,66,670 equity shares, issued and allotted on a preferential issue basis to non-promoters.
EIH Associated Hotels: The Oberoi-Rajan Raheja JV's Chairman, Mr. Shib Sanker Mukherji, has resigned citing personal reasons.
NCL Industries: The company reported cement production in September at 6,59,300 metric tonnes year on year, up 9% over a year-ago period, and cement dispatches at 6,69,587 MT, up 11% year on year.
TCS: Boardmeet
To Consider Q2 Results & BuyBack Of Shares
KPI GREEN ENERGY:
BOARDMEET To Consider Fund Raising Via Preferential Issue of Shares or any other mode
AURIONPRO SOLUTIONS:
BOARDMEET To Consider Preferential Issue of Shares / Convertible Securities
Titan Company: The company's board will be meeting on Oct. 17 to consider the issuance of non-convertible debentures on a private placement basis within the permissible borrowing limits.
Wipro: The IT major has completed a subscription to the 9.95% equity share capital of FPEL Ujwal, which is engaged in the business of developing, building, and managing a portfolio of solar power assets.
Bank of Baroda: RBI had directed the lender to suspend the onboarding of new customers onto its ‘bob World’ app due to certain supervisory concerns. The bank has said it has initiated steps to plug in gaps in its app, and it will work closely with the RBI to address their concerns as soon as possible.
Samvardhana Motherson International: The company has incorporated Motherson Groups Investments USA Inc. as an indirect wholly owned subsidiary for the purpose of acquiring, investing and holding movable and immovable assets of the group.
PI Industries: Therachem Research Medilab (India) and Solis Pharmachem have been merged into parent company PI Health Sciences, a wholly owned subsidiary of PI Industries.
Thermax: The Bombay High Court granted stay of operation and execution of the arbitral award, subject to the company depositing Rs 218.45 crore, which is returnable with interest in the event the award is set aside by the Court.
Zee Entertainment: The company has been served with an appeal on behalf of IDBI Trusteeship Services against it before the NCLAT, Delhi. The appeal challenges the scheme of arrangement involving Zee Entertainment Enterprises, Bangla Entertainment, and Culver Max Entertainment.
Crompton Greaves Consumer Electricals: The company launched a new product named Acenza in the Storage Water Heater segment.
Fine Organic Industries: The company has incorporated a wholly owned subsidiary 'Fine Organic Industries (SEZ) Private Limited' with a share capital of Rs 1,00,000 for the purpose of carrying on the business of manufacturing specialty chemical products.
MCX: The Multi Commodity Exchange of India will go live with the new commodity derivatives platform on Oct. 16. The exchange will conduct mock trading on Oct. 15.
Birla Corporation: The Office of Collector, Satna (Madhya Pradesh), has imposed a penalty of Rs 8.43 crore on the company for excess production of limestone from captive mining without obtaining environment clearance for the period from 2000-01 to 2006-07.
Ugro Capital: The company's AUM grew 73% year on year to Rs 7,590 crore in Q2 of FY24. Overall efficiency improved by 80 bps to 97.6% in Q2.
IFGL Refractories: The company has been awarded the status of 'Three Star Export House' by the Directorate General of Foreign Trade for the period of Oct. 1, 2023, to March 31, 2028.
Apollo Micro Systems: The company has been granted listing approval by BSE and NSE for an additional 6,66,670 equity shares, issued and allotted on a preferential issue basis to non-promoters.
EIH Associated Hotels: The Oberoi-Rajan Raheja JV's Chairman, Mr. Shib Sanker Mukherji, has resigned citing personal reasons.
NCL Industries: The company reported cement production in September at 6,59,300 metric tonnes year on year, up 9% over a year-ago period, and cement dispatches at 6,69,587 MT, up 11% year on year.
TCS: Boardmeet
To Consider Q2 Results & BuyBack Of Shares
KPI GREEN ENERGY:
BOARDMEET To Consider Fund Raising Via Preferential Issue of Shares or any other mode
AURIONPRO SOLUTIONS:
BOARDMEET To Consider Preferential Issue of Shares / Convertible Securities
