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Auto Stocks to report sales figures for June.
Vodafone Idea: Increases tariffs for its pre-paid and post-paid customers from July 4, 2024. Tariffs hiked across prepaid and postpaid plans by 10% to 21%. To invest in enhancing 4G experience and launch 5G services over the next few quarters.
Cochin Shipyard: Udupi Cochin Shipyard Ltd., a wholly-owned subsidiary, has signed a contract with Wilson ASA, Norway to design and construct four 6,300 TDW Dry Cargo Vessels. An Agreement has also been signed for four additional vessels of the same kind, which will be formally contracted by September 19 this year. The overall cost of the eight vessels is said to be ₹1,100 crore and Cochin Shipyard plans to execute this order by September 2028.
Godrej Properties acquires leasehold rights for an 11-acre land parcel in Pune with a revenue potential of ₹1,800 crore. The development on this land will comprise of Group housing and high street retail. It has also acquired nearly 7 acre of land in Bengaluru with an estimated revenue potential of nearly ₹1,200 crore.
Zydus Life: Announces licensing agreement with Dr. Reddy’s Laboratories for co-marketing of Pertzumab Biosimilar, a critical treatment for breast cancer patients in India. The product will be marketed by Zydus under the brand name “Sigrima”, while DRL will market it under the brand name “Womab.” Zydus will receive upfront licensing income and is eligible to receive milestone income based on achievement of pre-defined milestones.
Orchid Pharma: Partners with Cipla to launch antibiotic Cefepime-Enmetazobactam in India. The drug has been approved for the treatment of complicated Urinary Tract Infections, Hospital-Acquired Pneumonia and Ventilator-Associated Pneumonia Indications. The partnership with Cipla is to ensure widespread and rapid distribution of this antibiotic combination across India.
JSW Energy: Arm JSW Neo Energy gets an LoA for 300 MW wind-solar hybrid capacity from SJVN.
TVS Motor: Invests ₹282.67 crore in TVS Credit Services via subscribing 68.94 lakh equity shares. With this, TVS Motors’ shareholding in TVS Credit Services increases from 80.53% to 80.69%.
Ajanta Pharma: Promoter creates pledge on 4.5 lakh shares of the company for refinancing.
Bank of Baroda: To consider capital raising plan for FY25 by raising funds on July 5. To raise funds via additional Tier-1 and Tier-2 debt capital instruments with an interchangeability option.
UltraTech Cement: Commissions an additional 3.35 MTPA Clinker and 1.8 MTPA grinding capacity at its existing unit at Tadipatri in Andhra Pradesh.
GAIL: Advances its net zero target for Scope-1 and Scope-2 GHG Emissions to 2035 from 2040.
Tata Steel: To convert debt instruments worth $565 million in T Steel Holdings into equity shares in FY25. Post this conversion, T Steel Holdings will continue to be a wholly-owned subsidiary of the company.
Neogen Chemicals: Promoter divests nearly 5.7% ownership in the company via block deals.
Navin Fluorine: Board approves fund raise to the tune of ₹750 crore via QIP and other modes.
BEL received a contract worth Rs 3,172 crore from Vehicles Nigam to supply sighting and fire control system for Indian Army Tanks and received additional orders worth Rs 481 crore for meteorological equipment.
TVS Motor acquired additional stake in TVS Credit Services for Rs 283 crore.
Jindal Stainless acquired 100% stake of Sulawesi Nickel Processing Industries Holdings PTE, Singapore, for setting up a JV in Indonesia for investing, developing, constructing, and operating a stainless-steel melt shop in Indonesia.
eMudhra acquired 100% of US-based TWO95 International Inc. through its wholly owned subsidiary eMudhra Inc., USA, to strengthen the company’s presence and positioning in the US market.
Coromandel International unveiled Magnesium-Enriched Paramfos Plus in Bengaluru to boost crop yield and quality.
