Bharat Dynamics has signed a supply contract worth Rs 290.9 billion for surface-to-air missile orders with the Indian Air Force.
Zydus Lifesciences Ltd has received an EIR report from the US FDA regarding an inspection conducted at the formulation manufacturing facility named ‘SEZ 2’ at Pharmez, Ahmedabad from July 3 to 7. This was a pre-approval inspection (PAI) and concluded: zero observations.
Lemon Tree Hotels Ltd. has launched Lemon Tree Hotel in Haridwar. This is the group’s eighth property in Uttarakhand. The property opened in two phases. Opened in the first phase, 24 of the 44 vibrant rooms and suites offer home-like accommodation options with contemporary interiors, a stylish, elegant and comfortable atmosphere, and warm and friendly service. Suites feature separate living areas and are ideal for both short and long-term stays.
Dr. Madhu Sasidhar has been appointed Chief Strategy Officer of Apollo Hospitals Enterprise Ltd with effect from October 1. He will become one of the company’s senior executives. Dr. Madhu Sasidhar is a practicing physician and board certified in internal medicine, pulmonary and critical care medicine. He completed his medical education from JIPMER, Pondicherry. After completing a residency in internal medicine at St. Luke’s Roosevelt Hospital in New York City, he completed a fellowship in pulmonary and critical care medicine at Yale University in New Haven, USA. He holds a Global Executive MBA from INSEAD, Fontainebleau, France.
Tata Motors, India’s largest commercial vehicle manufacturer, announced that it will increase the prices of its vehicles by up to 3% starting from October 1, 2023. The price increase is to offset the residual impact of past input costs and will apply across the entire commercial vehicle range.
The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as Managing Director and Chief Executive Officer of HDFC Bank for a period of three years till October 26, 2026.
Reliance Industries-owned Jio announces the launch of Jio AirFiber service, its integrated end-to-end solution for home entertainment, smart home services and high-speed broadband across Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad , Kolkata, Mumbai and Pune.
Kajaria Ceramics said its wholly-owned subsidiary Kajaria International DMCC of the United Arab Emirates signed a joint venture agreement with UK Parts (Holdings) Ltd of the United Kingdom. The purpose of this agreement is to establish a joint venture to carry out the trading and marketing of glazed vitrified tiles, polished vitrified tiles and other related products in the United Kingdom. This may be the case under the laws of England and Wales through the acquisition of its shares in equal proportions (i.e. 50:50) through a newly established company in the UK, KAJARIA-UKP LTD, either as a joint venture or as a loan.
LJIN Electronics (India) Private Limited, a key subsidiary of Amber Enterprises India Limited, has entered into an agreement with Nexxbase Marketing Private Limited – Noise Brand to form a 50:50 joint venture company. Nexxbase is a Gurgaon-based company engaged in the business of selling, distributing, marketing and advertising electronic products including smart watches, earphones, earbuds, headphones, etc. The joint venture will engage in the manufacturing, assembly and design of wearables and other smart devices. electronic product.
LTIMindtree, a global technology consulting and digital solutions company, announced the launch of Oracle SaaS Testing as a Service. Following the success of RELY, a comprehensive suite of assurance and compliance services platforms for enterprise applications, this new offering sets a new standard for Oracle SaaS testing.
The Board of Directors of Biocon Ltd has approved the appointment of Peter Bains as Group Chief Executive Officer with effect from 18 September. He will report directly to Ms. Kiran Mazumdar-Shaw, Chairman of Biocon Group. Previously, Baines had immediately resigned as an independent director of Biocon’s board of directors to assume this strategic execution responsibility.
The Board of Directors of TARC Limited has approved the issuance of 1910 secured, unlisted, redeemable, non-convertible debentures with a face value of Rs. Private placement of Rs 10 lakh each. The problem size is Rs. 191 Crores.
Welspun Corp Limited has entered into an agreement with a well-known person on September 18 to liquidate some designated assets located at the company’s Dahej shipyard for approximately US$100. rupee. 800 million rupees. The assets will be sold “as is” and all materials will be removed during the financial year.
Varroc Engineering Limited has entered into an arrangement with its wholly-owned subsidiary. Varroc Polymers Limited sells identified plant and machinery/equipment at the company’s plant/facility at Pondur, Sriperumbudur, Tamil Nadu to VPL’s manufacturing facility. In addition, VPL is also leasing the above-identified plant and machinery/equipment from VEL’s Chennai factory. The above-mentioned transaction is expected to be completed on or before the end of September 2023. The above-identified transactions will be completed on ARM on a length basis on mutually agreed terms and conditions and prevailing market prices. The audit committees and boards of directors of each company have formally approved the transactions.
Valiant Organics Limited earlier announced that its important subsidiary Valiant Laboratories Limited (VLL) intends to conduct an initial public offering by issuing up to 10.89 billion new shares for listing on the BSE and the National Stock Exchange of India, the company said, VLL had filed a red herring prospectus (RHP) on September 18. The anchor investor bidding/offering period (if any) shall be September 26th, with the offering opening to the public on September 27th and closing on October 3rd.
The Board of Directors of Sasken Technologies Limited has considered and approved a proposal to make a strategic investment not exceeding Rs 50 crore directly or to enter into a joint venture with one of the following companies, subject to completion of due diligence and regulatory approvals, if any. The company operates globally and specializes in advanced artificial intelligence/5G/power driven IP licensing, custom ASIC design and foundry services. The investment will be used to strengthen Sasken Group’s intellectual property library and engineering capabilities. Once determined, we will file the necessary disclosures when appropriate.
The Board of Directors of Captain Pipes has considered and approved the plan to set up a greenfield factory near Ahmedabad with a total investment of Rs 25 crore. The proposed plant will have a production capacity of 20,000 tons, and the total production capacity will be twice the current level. The plant is expected to begin commercial production by the end of 2024. The company has determined the land for building the factory and the land acquisition will be completed in the near future. The company will use funds from internal accruals and bank financing to invest in the new facility.
Prakash Industries said that following the first phase approval in principle under the Forest (Conservation) Act, 1980, the Ministry of Environment, Forest and Climate Change, Government of India, today granted Environmental Clearance (EC) to its Bhaskarpara Commercial Project in Chhattisgarh of coal mines. Development of the mine is progressing rapidly and the mining lease is likely to be executed in the next quarter.
WPIL has bagged a contract from the Ministry of Defense (Navy) to supply a range of centrifugal pumps and spare parts for different classes of ships worth Rs 14.3 crore, which will be executed within 24 months. This shipborne centrifugal pump contract will significantly strengthen WPIL’s product offering to the Indian Navy, which is embarking on a major fleet expansion programme.
Indo Amines Limited has acquired industrial land located at Plot Nos. B-27 and B-28 in Raigad Mahad Industrial Area, MIDC, pursuant to a Memorandum of Understanding signed between the company and Emark Energizer’s Private Limited. further expand its business operations and company development.
NBCC recently received work from Khadi & Village Industries Commission for planning, designing and execution of upcoming works such as construction of office buildings, residential campuses, reconstruction, repair and renovation of KVIC Properties Pan India, etc. The order value is Rs. 1.5 billion rupees.
JK Lakshmi Cement Limited has proposed to procure 40 MWAC solar power for its Durg unit under captive power plant mode through a special purpose vehicle (SPV), namely Amplus Helios Pvt.Ltd.
The Board of Directors of B & A Limited has decided to enter into a Memorandum of Understanding with Dhaneswari Wood Products Limited to acquire its Moheema tea estate.
BL Kashyap and Sons Limited, one of the leading civil engineering and construction companies, has bagged new orders totaling approximately Rs 167 crore. The order comes from Delhi International Airport Limited for civil and structural engineering of the SAM project at IGI Airport Gateway District, Aerocity, New Delhi.
DCM Shriram informed the exchanges that its subsidiary Fenesta, which is engaged in the doors and windows business, has entered into a strategic technical cooperation with Inventure Metal Products Industries LLC, a well-known company that provides complete solutions for exterior wall construction. Construction industry in the United Arab Emirates (UAE). This agreement marks a key moment in Fenesta’s pursuit of excellence in the façade sector. Inventure brings a rich legacy of 18 years in the facade business, with a distinguished portfolio of over 2000 successfully completed projects.
The Board of Directors of Sundaram Multi Pap has discussed the sale of its non-core assets, including industrial land (1,09,000 sqm) at Sihora, Nagpur, Maharashtra, under a Letter of Intent (LOI) signed by the relevant parties. Various companies have expressed interest Interested in purchasing the above mentioned industrial land. After the above-mentioned non-core assets are realized, the company plans to carry out some business tasks, which will help the company improve its cash flow.
Mawana Sugars informed the exchanges that SEBI has issued a show-cause notice to former executive Anil Arora. Bharat Bhushan Mehta, former Chief Financial Officer (both violating SEBI PIT regulations) and Company Secretary Ashok Kumar Shukla (Code of Conduct and Procedures for Fair Disclosure of Undisclosed Price Sensitive Information). The notice further states that if the charges are proven, the notified person will be liable to fine under Section 15G and Section 15HB of the SEBI Act, 1992. In a separate notification, the company said that as Uttar Pradesh has not provided molasses release permit and the excise department has issued notifications to distilleries operating in Uttar Pradesh, molasses from our sugar mill cannot be transferred to the company distillery at Nanglamal Sugar Mill for continued operations. Therefore, the company has suspended operations as planned since September 18 to carry out routine maintenance work on the winery.
