In News

Stocks in News

Syrms SGS Technology: The company will make its debut on the bourses on August 26. The issue price has been fixed at Rs 220 per share. 

Dr Reddy's Laboratories: The company has received Establishment Inspection Report (EIR) for its Srikakulam facility. In July, the company informed about the inspection conducted by the United States Food & Drug Administration (USFDA) at the formulations manufacturing facility (FTO 11) in Srikakulam, Andhra Pradesh. Now the agency has concluded that the inspection is "closed". 

Nelco: Intelsat, the leading provider of inflight connectivity (IFC), announced the beginning of Intelsat's inflight connectivity services in Indian skies through an agreement with Nelco, India's leading satellite communication service provider. Nelco has been offering the Aero IFC services for more than two years with plans to introduce these services to more airlines in collaboration with its global partners. 

Eicher Motors: Kaleeswaran Arunachalam has tendered his resignation from the Chief Financial Officer and Key Managerial Personnel position. His resignation will take effect after working hours on September 2. 

HDFC Bank: HDFC Bank has entered into non-binding term sheet with Go Digit Life Insurance. The bank will make an investment in the company between Rs 49.9 crore to Rs 69.9 crore, in two tranches, for an equity stake of up to 9.944 percent. 

Inox Wind Energy: The company said its board of directors on August 30 will consider fund raising. The fund raising will be through preferential issue or on private placement basis. 

Max Financial Services: Max Life Insurance Company has announced the receipt of the Commencement of Business (COB) certificate for its wholly owned subsidiary, Max Life Pension Fund Management (Pension Fund) on August 23, from Pension Fund Regulatory and Development Authority (PFRDA). This subsidiary will manage the pension assets with investment choices under the National Pension Scheme. 

Infibeam Avenues: The company has received board approval for fund raising of Rs 161.50 crore via issue of warrants on preferential basis. The funds will be deployed for domestic and international fintech and software business expansion as well as for other business purposes. The company has made strategic investment and will own 50 percent stake in Gurgaon-based software startup Vishko22.