In News

In News

Timken India: The company will be setting up new manufacturing facility at Bharuch, Gujarat to manufacture spherical roller bearings and cylindrical roller bearings and components thereof. It already has manufacturing plant at Bharuch, wherein primarily tapered roller bearings and its components are manufactured.

Waaree Technologies: Promoter Waaree ESS bought 4.64 percent stake in the company via open market transactions on November 15. With this, it increased stake in the company to 60.42 percent, from 55.78 percent earlier.

One 97 Communications: SoftBank is looking to offload $215 mn worth stake in Paytm as lock-in for pre-IPO investors ends later this week, according to Bloomberg. The Japanese investor is offering to sell 29 million shares in the company at Rs 555 to Rs 601.45 apiece, at a discount of up to 7.72 percent to the current market price.

Tera Software: The company has received work orders worth Rs 46.7 crore from Bharat Electronics, for scanning & digitizations - E Mahabhoomi Polygons in 14 districts of Maharashtra. The period for completion of work will be 19 months.

Cholamandalam Financial Holdings: ICICI Prudential Mutual Fund under its various schemes bought 3.04 lakh shares in the company via open market transactions on November 14. As a result, the shareholding of the fund increased by 2.04 percent to 7.11 percent, from 5.07 percent earlier.

Aurobindo Pharma: The company has received Establishment Inspection Report from USFDA for unit XI, an API non-antibiotic manufacturing facility at Pydibhimavaram, Andhra Pradesh. The unit was inspected by the USFDA in February 2019 and issued a warning letter in June 2019. The said unit was further inspected by USFDA during July 25 - August 2 and issued a Form 483 with 3 observations.

Ircon International: The company has emerged as the lowest bidder (L1) for construction of balance work of Bahuti canal project on turnkey basis including completion of earth work of main canal system from RD 18 to 74 km & other ancillary activities. The project was floated by Madhya Pradesh government and value of project is Rs 392.52 crore.

Hindustan Zinc: The company said the Board of Directors approved second interim dividend of Rs 15.50 per share i.e. 775 percent on face value of Rs 2/- per share for FY23 amounting to Rs 6,549.24 crore.