In News

In News

NBCC India: The company has received contract for the construction of a new multi-storied quarter complex from Odisha Power Transmission Corporation. The company will construct 100 numbers of quarters by demolishing the existing 224 numbers quarters at Bhoinager, Bhubaneswar. The order value is Rs 69.3 crore.

Housing Development Finance Corporation: HDFC increased its retail prime lending rate on housing loans by 35 basis points, with effect from December 20. Its adjustable rate home loans (ARHL) are benchmarked on retail prime lending rate.

IRCTC: Life Insurance Corporation of India has bought an additional 2.27 percent stake in IRCTC between October 17 and December 16 this year via open market transactions. With this, LIC's shareholding in IRCTC increased to 7.278 percent, from 5.005 percent earlier.

Sterling and Wilson Renewable Energy: Promoter Khurshed Yazdi Daruvala will be selling up to 20.28 lakh shares (1.07 percent stake) in the company on December 20-21 via an offer for sale. It also has an option to additionally sell up to 9.71 lakh shares (0.51 percent) in case of oversubscription of OFS issue. Another promoter Shapoorji Pallonji and Company will also sell 47.33 lakh shares (2.50 percent) in Sterling, with an option to additionally sell up to 22.66 lakh shares (1.19 percent) via OFS. The floor price of the offer will be Rs 270 per share.

Ipca Laboratories: The company has acquired an additional 6.53 percent stake in Trophic Wellness (TWPL). TWPL is engaged in manufacturing and marketing several SKUs of neutraceuticals under the brand name Nutricharge. With the above shares, the company now holds 58.88 percent shareholding in TWPL.

Dabur India: Promoters are likely to sell shares worth Rs 800 crore via block deals on December 20, and the block deals are likely at 4 percent discount to the current market price of Rs 589 per share, reports CNBC-Awaaz.

Vikas Lifecare: Material subsidiary Genesis Gas Solutions has received the technical advisory contract from Dornier Group GmbH. Genesis will provide technical advisory for the optimisation of battery storage systems for distribution grid applications for Dornier Group's ongoing project in Mali, Africa.