STOCKS IN ACTION 4 DECEMBER
Hindustan Unilever: The company decided to split its beauty and personal care business into two separate divisions in an effort to increase focus on these high-growth segments amid rising competition from new-age brands.
GAIL: The company filed a claim over the non-supply of LNG cargoes by SEFE Marketing and Trading Singapore worth $1.817 billion in the London Court of International Arbitration.
Adani Group stocks: The conglomerate will spend Rs 7 lakh crore in capital expenditure over the next 10 years, its CFO said. Six infra businesses—from power and ports to airports—will be tapping the bond market to raise funds.
Tata Power: The company acquired the Bikaner-Neemrana transmission project in Rajasthan for Rs 1,544 crore to boost renewable energy evacuation
Jio and TM Forum inaugurate first Innovation Hub in Mumbai
Granules: says that its arm Granules Pharmaceuticals, Inc. has received US FDA’s Abbreviated New Drug Application (ANDA) approval for Sildenafil for Oral Suspension
Siemens: German parent Siemens AG will acquire an 18% stake in its India unit at Rs 2,952.86 apiece, which represents a discount of 21% to its closing price on Friday.
Brigade Enterprise: The company launched the Brigade Sanctuary commercial residential project in Bangalore, which has a gross revenue potential of Rs 2,000 crore.
Lupin: The pharma major received USFDA approval for the launch of Turqoz Tablets USP, 0.3 mg/0.03 mg.
Maruti Suzuki: The company's November volume output was down 3.29% year-on-year, at 1.48 lakh units.
Eicher Motors: The company's November motorcycle sales were up 13% year-on-year at 80,251 units. Motorcycle exports were up 2.2% year-on-year, at 5,114 units.
Hero MotoCorp: The company's November sales rose 25.6% year-on-year to 4.91 lakh units. Domestic sales grew 25.4% to 4.76 lakh units.
Alkem Laboratories: A U.S. FDA inspection at the company's API manufacturing facility in Mandva ends with three observations.
Bajaj Healthcare: The company's CFO, Rupesh Nikam, resigned from the position on Dec 1.
Syngene: The company completed the acquisition of a biologics manufacturing facility from Stelis Biopharma.
Strides Pharma: The company launched Icosapent Ethyl Acid Soft Gel Capsules in partnership with Amneal.
Shree Digvijay Cement: The CEO and MD, KK Rajeev Nambiar, resigned from the position w.e.f. Dec. 15, 2023. The company appointed Ramanujan Krishnakumar as an additional director, chief executive officer and managing director w.e.f. Dec. 16, 2023.
Radiant Cash Management Services: The company completed its investment in Aceware Fintech Services and now holds a 56.93% stake in the same.
Harsha Engineers International: The company entered into an agreement with Goldi Solar Private to jointly bid for the tender ACE issued by Surat Municipal Corp. for the EPC of a 10 MW ground-mounted grid-connected solar photovoltaic power plant with land on lease.
Omaxe: The company incorporated FBD Real Grow as a wholly-owned subsidiary by acquiring the remaining 75% stake.
Kamat Hotel: The company opened a new orchid hotel in Jamnagar, Gujarat.
Surya Roshni: The company's CEO of steel operations and key managerial personnel, Tarun Baldua, resigned from the position on Nov. 30.
Updater Services: The company approved the appointment of Radha Ramanujan as designated chief financial officer and fey managerial personnel with effect from the closure of business hours on Dec. 30, 2023. It approved and appointed CR Saravanan as Chief Operating Officer of the company with effect from Jan. 1, 2024.
@DAYTRADERTELUGU
Hindustan Unilever: The company decided to split its beauty and personal care business into two separate divisions in an effort to increase focus on these high-growth segments amid rising competition from new-age brands.
GAIL: The company filed a claim over the non-supply of LNG cargoes by SEFE Marketing and Trading Singapore worth $1.817 billion in the London Court of International Arbitration.
Adani Group stocks: The conglomerate will spend Rs 7 lakh crore in capital expenditure over the next 10 years, its CFO said. Six infra businesses—from power and ports to airports—will be tapping the bond market to raise funds.
Tata Power: The company acquired the Bikaner-Neemrana transmission project in Rajasthan for Rs 1,544 crore to boost renewable energy evacuation
Jio and TM Forum inaugurate first Innovation Hub in Mumbai
Granules: says that its arm Granules Pharmaceuticals, Inc. has received US FDA’s Abbreviated New Drug Application (ANDA) approval for Sildenafil for Oral Suspension
Siemens: German parent Siemens AG will acquire an 18% stake in its India unit at Rs 2,952.86 apiece, which represents a discount of 21% to its closing price on Friday.
Brigade Enterprise: The company launched the Brigade Sanctuary commercial residential project in Bangalore, which has a gross revenue potential of Rs 2,000 crore.
Lupin: The pharma major received USFDA approval for the launch of Turqoz Tablets USP, 0.3 mg/0.03 mg.
Maruti Suzuki: The company's November volume output was down 3.29% year-on-year, at 1.48 lakh units.
Eicher Motors: The company's November motorcycle sales were up 13% year-on-year at 80,251 units. Motorcycle exports were up 2.2% year-on-year, at 5,114 units.
Hero MotoCorp: The company's November sales rose 25.6% year-on-year to 4.91 lakh units. Domestic sales grew 25.4% to 4.76 lakh units.
Alkem Laboratories: A U.S. FDA inspection at the company's API manufacturing facility in Mandva ends with three observations.
Bajaj Healthcare: The company's CFO, Rupesh Nikam, resigned from the position on Dec 1.
Syngene: The company completed the acquisition of a biologics manufacturing facility from Stelis Biopharma.
Strides Pharma: The company launched Icosapent Ethyl Acid Soft Gel Capsules in partnership with Amneal.
Shree Digvijay Cement: The CEO and MD, KK Rajeev Nambiar, resigned from the position w.e.f. Dec. 15, 2023. The company appointed Ramanujan Krishnakumar as an additional director, chief executive officer and managing director w.e.f. Dec. 16, 2023.
Radiant Cash Management Services: The company completed its investment in Aceware Fintech Services and now holds a 56.93% stake in the same.
Harsha Engineers International: The company entered into an agreement with Goldi Solar Private to jointly bid for the tender ACE issued by Surat Municipal Corp. for the EPC of a 10 MW ground-mounted grid-connected solar photovoltaic power plant with land on lease.
Omaxe: The company incorporated FBD Real Grow as a wholly-owned subsidiary by acquiring the remaining 75% stake.
Kamat Hotel: The company opened a new orchid hotel in Jamnagar, Gujarat.
Surya Roshni: The company's CEO of steel operations and key managerial personnel, Tarun Baldua, resigned from the position on Nov. 30.
Updater Services: The company approved the appointment of Radha Ramanujan as designated chief financial officer and fey managerial personnel with effect from the closure of business hours on Dec. 30, 2023. It approved and appointed CR Saravanan as Chief Operating Officer of the company with effect from Jan. 1, 2024.
@DAYTRADERTELUGU
