CGSB: With the aim of strengthening its footprint in the field of renewable energies, in particular solar energy, the state-owned Oil and Natural Gas Corporation (
) on Thursday signed an agreement with Solar Energy Corporation of India (SECI) to step up its clean energy projects.
Power of Tata: The Tata group company said it had obtained shareholder approval to modify a plan of arrangement to maintain
Solar Systems Ltd (TPSSL) as an independent entity, unlike its earlier plans to merge with itself.
Dynamics of Bharath: The defense actor and the Indian military have signed a contract worth Rs 471.41 crore for the refurbishment of the IGLA – 1M missiles, BDL said. After the refurbishment, new life will be given to the missile for a period of ten years. The value of the contract is Rs 471.41 crore.
Biocon: The biotechnology major said his unit had received approval from the US health regulator to market a generic product. Biocon Pharma, a subsidiary of the company, has received approval from the USFDA for its Abbreviated New Drug Application (ANDA) for mycophenolic acid, the company said.
Garden Reach builders and engineers: Senior Defense PSU is transforming itself from shedding the label of a warship builder into a holistic “global shipbuilder” as it targets commercial ship orders from domestic and overseas markets, senior official said. of the company.
ABB India: The engineering services company said it has finalized the sale of its mechanical power transmission division to Dodge Industrial India Pvt Ltd for a consideration of Rs 44.58 crore. Dodge Industrial India is a subsidiary of RBC Bearings Incorporated.
Canara Bank: The public lender said it had raised Rs 1,500 crore by issuing Basel III-compliant bonds. âThe bank received a total bid amount of Rs 4,699 crore, of which the full issue of Rs 1,500 crore was accepted at 8.05 percent,â said.
Ujjivan Financial Services: Market regulator Sebi has relaxed the minimum promoter foreclosure standard to (SFB) and its promoter Ujjivan Financial Services, for the purpose of their merger.
Bank: The private lender said its part-time chairman G Subramonia Iyer stepped down for personal reasons. “G Subramonia Iyer, part-time chairman and independent director of the bank, presented his resignation from the board of directors of the bank by letter of 2 December 2021”,
Telcos: Spectrum auctions for 5G services are expected to take place early next year, a senior official said. The Telecommunications Regulatory Authority of India (Trai) has launched a consultation paper on the price of spectrum for the proposed auction that is expected to pave the way for 5G services.
Cement stocks: Retail cement prices are expected to rise again by an additional Rs 15-20 over the next few months and hit an all-time high of around Rs 400 per bag this fiscal rating agency.
noted. The rise in prices has been attributed to cost pressure from commodities such as coal and diesel, supported by growing demand.
Prataap snacks: SBI Funds Management sold 9,948 shares of the company via an open market transaction on December 1, reducing the stake to 3.39% from 3.43% earlier.
Aarti Industries: HDFC Asset Management Company sold 1,744,221 shares of the company through open market transactions on November 30, reducing its stake to 3.04% from 3.09% earlier.
Alkalis and chemicals from Punjab: The company has approved the subdivision of each share with a par value of Rs 10 each into 5 shares with a par value of Rs 2 each, subject to shareholder approval.
Rushil Decor: The company’s medium density fibreboard manufacturing unit (MDF factory) in Chikmagalur, Karnataka, has again partially started commercial operation. In addition, it will begin regular commercial operation no later than December 6, 2021.
Tantia Constructions: The company received an award letter for a bid value amounting to Rs 6.79 crore from the government of Tripura, against a works contract for the ‘construction of the RCC bridge (length 140 m.) Over the Manu river on the Sonaimuri-Telia road.