STOCKS IN ACTION 10 JANUARYMahindra and Mahindra: The company will collaborate with a US-based automobile technology company, Mobileye for software solutions and to explore building a full-stack autonomous driving system.Power Finance Corp: The company received a no-objection letter from the Reserve Bank of India for setting up a finance company in the International Financial Services Centre situated in GIFT City, Gujarat.Polycab India: The company denied media reports of tax evasion and said that it has not received any communication from the income-tax department regarding the outcome of the search.Lupin: The pharma major received approval from the USFDA for the launch of Bromfenac Ophthalmic Solution, 0.07% in the United States.Shyam Metalics And Energy: The company raised Rs 1,385 crore through qualified institutional placement at Rs 576 per share, which indicated a discount of 9.70% to the current market price.Steel Strips Wheels: The National Company Law Tribunal approved the acquisition of the AMW Autocomponent. The company has also invested Rs 138.15 crore into AMW Autocomponent through a mix of equity for Rs 5 crore and an inter-corporate loan of Rs 133.15 crore.IRCTC: The Railway Ministry nominated Sanjay Kumar Jain as the chief managing director of the company.Life Insurance Corp: The company has increased its stake to 5% from 4.8% in Navin Fluorine.KIOCL: The company’s operations at the Mangalore pellet plant were suspended due to the non-availability of iron-ore fines.Karnataka Bank: The private lender partnered with Digivriddhi to offer a host of financial services catering to the needs of dairy farmers and milk societies
STOCKS IN ACTION 10 JANUARY Mahindra and Mahindra: The company will collaborate with a US-based...