Stocks in the news

Biocon - The company expands its generic formulations portfolio with the launch of Tacrolimus capsules in the US.

3i Infotech - The company approved slump sale of the global software products business on a going concern basis to Azentio Software.

GE Shipping - The company has delivered its 2000 built Suezmax Crude Carrier “Jag Lateef” to the buyers.

SBI Life Insurance Company - The company approved the appointment of Shobinder Duggal as an additional director.

Sri Adhikari Brothers Television Network - 14th meeting of the Committee of Creditors of the company is scheduled to be convened on December 29, 2020.

AU Small Finance Bank: Announced strategic partnership with ICICI Prudential Life Insurance to offer personalised insurance solutions. The bank aims to deliver paperless, secure, and hassle-free life insurance solutions to more than 18 lakh customers through digital platform with ICICI Prudential Life. Further over 700 banking touchpoints of AU Small Finance Bank across 13 states and 2 union territories will receive the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life for retirement and critical illness

Biocon: Announced the launch of Tacrolimus capsules in the U.S. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients, which reduces the body’s ability to reject a transplanted organ.

Titan: Board gives approval to provide corporate guarantees worth Rs 906 crore to various banks on behalf of Titan Commodity Trading Ltd., which is a wholly-owned subsidiary.

Tube Investments of India: Completes one-time settlement and restructuring of funded facilities and guaranteed debt of CG Power as per the terms agreed upon.

Cochin Shipyard: A meeting of the Board of Directors is scheduled to be held on January 4, 2021 to consider the declaration of an interim dividend to the shareholders of the company for the financial year 2020-21.

Rane Holdings: ICRA has reaffirmed the long-term rating of Rs 100 crore bank limit at AA- and has reaffirmed the short-term rating at A1+.

Future Supply Chain Solutions: The shareholders approved the re‐appointment of Mayur Toshniwal as Managing Director for a period of three years at the AGM.

3i Infotech: The Board of Directors have approved the slump sale of the global software products business of the company on a going concern basis to Azentio Software, subject to the receipt of approvals and executed inter alia business transfer agreement between the company and the buyer. The sale is expected to be completed by March 31, 2021. This will be done for a total consideration of Rs 1,000 crore.