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Stocks in News


Engineers India: The company inked Memorandum of Agreement (MoA) with Institute of Chemical Technology (ICT) for joint development of technology for large scale cultivation of algae and extraction of value-added products.

Persistent Systems: ATOSS, a Germany-based software provider for workforce management, has selected Persistent to transform its customer relationship management with the help of salesforce integrations.

Union Bank of India: Life Insurance Corporation of India acquired 2.01% stake in the bank via open market transactions, increasing shareholding to 5.16% from 3.15% earlier.

Redex Protech: The company has entered as partner in CVM Industrial Park LLP to undertake project of construct warehouses near Baroda with approximately project cost of Rs 100-125 crore.

Dhunseri Tea & Industries: The company entered into an Memorandum of Understanding for sale of 'SANTI TEA ESTATE', for Rs 6.01 crore, and entered into an Memorandum of Understanding with Warren Tea, for acquisition of Balijan North Tea Estate at Chabua, Assam.

Motherson Sumi Systems: Fitch Ratings has affirmed Long-Term Issuer Default Rating at ‘BB' for Samvardhana Motherson Automotive Systems Group B.V, a material subsidiary of Motherson Sumi Systems (SMRP B.V.). The Outlook is Stable.