STOCK NEWS
Stock Updates: Recent Developments in Indian Companies
| Company | Update |
|---|---|
| Grasim Industries | Board approves a rights issue up to Rs 4,000 crore with an issue price of Rs 1,812/share; Record date on January 10, 2024. |
| Suntv | The board approves the scheme of amalgamation of Udaya FM Private Ltd with Kal Radio Ltd. |
| Vodafone Idea Limited | Received an Order levying a penalty of Rs 10.76 Crs under the Central Goods and Services Tax Act, 2017. |
| Hindustan Zinc Limited | Leads globally in the S&P Global Corporate Sustainability Assessment, scoring highest among 238 companies in the metals and mining sector. |
| UltraTech Cement Limited | Issued a corporate guarantee of USD 147 million in favor of Sumitomo Mitsui Banking Corporation Singapore Branch. |
| Lupin | Received tentative approval from the USFDA for Dapagliflozin and Saxagliptin tablets, a generic equivalent of Qtern tablets of AstraZeneca AB. |
| Jupiter Wagons Limited | Entered into a contract with the Government of India and Ministry of Defence for the manufacture and supply of 697 numbers of BOGIE OPEN MILITARY (BOM) WAGONS for a contract value of Rs. 473 Crores. |
| Dabur India | Estimated revenue in Q3 is expected to grow to a mid-to-high single digit, driven by the food business. |
| PFC | Increased FY24 market borrowing plan to Rs 1.05 lakh crore from Rs 80,000 crore. |
| REC | REC Power Development and Consultancy signed a Rs 2,094 crore MoU with the Gujarat Government for the implementation of a smart metering project in Paschim Gujarat Vij Company. |
These updates provide a comprehensive overview of significant activities and financial decisions across various sectors.
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