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All You Need To Know Going Into Trade On Dec. 3

GenevaTimes by GenevaTimes
December 3, 2024
in Business
Reading Time: 3 mins read
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All You Need To Know Going Into Trade On Dec. 3
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  • Bajaj Finserv: The company has ended co-branded card partnership with DBS Bank India. The move comes as the non-bank lender seeks to end co-branded partnerships for credit cards.

  • Torrent Power: The board approved the opening of QIP to raise up to Rs 5,000 crore to pare debt at a floor price of Rs 1,555.75 apiece. The company may, at its discretion, offer a discount of not more than 5% on the floor price calculated for the issue.

  • Hindustan Unilever: The company has made payment of Rs 193 crore on tax demand order. It has updated the tax dispute relating to the GSK deal.

  • Mazagon Dock Shipbuilders: The company has fixed Dec. 27 as the record date for the purpose of determining the eligibility of shareholders for the split of existing one equity share into two.

  • Solar Industries: The company and its subsidiary have received export orders worth Rs 2,039 crore for supply of defence products, to be delivered over a period of 4 years.

  • Pricol, TVS Motor: The company to acquire the plastic component division of TVS Motor arm Sundaram auto components for Rs 215 crore and to make an investment up to Rs 120 crore in Pricol Precision Products in one or more tranches.

  • Godavari Biorefineries: The company secured exclusive licence pact with Catalyxx for biobutanol and higher alcohols. The company will set up a 15,000-tonne-per-year facility in the first phase.

  • Protean e-Gov Technologies: The company received a work order worth Rs 161 crore from Central Registry of Securitisation Asset Reconstruction and Security Interest of India.

  • KPI Green Energy: The company received the largest-ever order for setting up of 300 MWAC ground mounted solar PV plant, including operation and maintenance services on a comprehensive basis for a period of five years from Coal India. The contract price for the project is Rs 1,311 crore.

  • Indoco Remedies: The company announced strategic collaboration between the company and Clarity Pharma, UK to launch around 20 products over the next 18 months through Clarity Pharma, its distributor in the UK.

  • Nazara Technologies: The company announced five investments totalling Rs 196 crore to drive growth across gaming and entertainment. The company will invest Rs 148 crore in existing arms including Sportskeeda, Nodwin Gaming and Datawrkz.

  • Godrej Properties: The company closes QIP, sets the issue price at Rs 2,595 per share. The issue price indicates a 4.86% discount to the floor price.

  • HCL Technologies: The company completed acquisition of certain assets of Communications Technology Group from Hewlett Packard Enterprise.

  • MOIL: In November, manganese ore production reached a record of 1.63 lakh tonnes, while sales of grade unlocked manganese ore grew by 32% year-on-year, totaling 1.33 lakh tonnes. The company has also surpassed a turnover of Rs 1,000 crore within the first eight months of FY25.

  • Solar Industries: The company and its subsidiary have received export orders worth Rs 2,039 crore for supply of defence products, to be delivered over a period of four years.

  • E2E Networks: The company entered arrangements with L&T for capacity expansion for its data centre facilities. It has an existing capacity of 4200 KW, and the proposed capacity addition is 6,000 KW.

  • Coal India: The company executed a memorandum of understanding in Mumbai to explore setting up of coal to synthetic natural gas project at WCL through surface coal gasification.

  • Pearl Global Industries: The company will acquire an additional 20% stake from minority shareholders in PT Pinnacle Apparels for $2.5 million, increasing its holding to 69.9% through its arm, DSSP Global.

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