Gorani Industries announced Ayush Shukla has been appointed as Independent Director of the Company by the members through Postal Ballot for a period of five years. Ayush Shukla is a Graduate in Commerce and has a rich knowledge of Company law and other laws. On Thursday, the stock has touched an intraday high of Rs12.50 per piece in early trading hours.
Open FlipThe Nazara Technologies IPO generated a strong response from institutional and retail investors. By 4 pm on Thursday, the second day of the IPO, the issue had been subscribed 10.55 times, with the retail portion being subscribed over 44 times, the QIB (qualified institutional buyer) portion subscribed 0.72 times the base and NII (non-institutional investor) portion subscribed 7.73 times.
Open FlipSignify (previously known as Philips Lighting) on March 18 introduced tailor-made 3D printed luminaires in India. The company said in a statement that this is a sustainable form of manufacturing, using a 100 per cent recyclable polycarbonate material. They are tailored to the customer’s needs and recycled at the end of their life, supporting a circular economy.
Open FlipHCL Infosystems announced that the company has received an order dated 10th March, 2021 from the office of Principal Commissioner, Central Goods and Services Tax, Noida. The order is worth for Rs 312.34 crore along with interest.HCL Infosystems Ltd is India's premier information enabler and the country's renowned ICT system integrator and distribution company.
Open FlipThe Delhi High Court Thursday upheld the Singapore's Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. The Court rejected Future Group's argument that the Emergency Award was a nullity, imposing a penalty of Rs 20 lakh on Future.
Open FlipAvendus Finance Pvt. Ltd. on Thursday approved fundraise of Rs1250cr through issuance of Non-Convertible Debentures (NCDs). "The Board of Directors of the company at its meeting on Thursday approved the issuance of Non-Convertible Debentures (NCDs) including Market Linked Debentures or Equity Linked Debentures up to an amount of Rs1250cr," company said in a regulatory filing on Thursday.
Open FlipVarroc Engineering inked a cooperation agreement on Thursday with Delta-Q Technologies Corp. Varroc will manufacture Delta-Q’s chargers in India to support the expansion of the electric two- and three-wheel vehicle market. Canada-based Delta-Q is a leader in the design and supply of high-reliability on-board chargers for original equipment manufacturers.
Open FlipAccenture enhanced its full-year revenue forecast on Thursday and reported second-quarter revenue above analysts' estimates, as more businesses used its digital services to shift operations to the cloud. The company now expects full-year revenue to grow between 6.5% and 8.5% in the local currency, compared to its previous guidance of 4% to 6%.
Open FlipCreditAccess Grameen Ltd on Thursday approved the issuance and allotment of Securities instruments (including NCDs, CPs or other marketable instruments) to the aggregate amount of Rs3,000cr. The meeting of the Executive, Borrowings and Investment Committee of the company will be held on Wednesday, March 24, 2021, to consider the terms of the issue of covered bonds / non-convertible debentures.
Open FlipPrivate airliner GoAir is planning to file a draft red herring prospectus (DRHP) for its IPO in April to raise around Rs 4,000 crore, reported CNBC-TV18. According to its annual report for FY2020, the Wadia-group promoted company's debt stands at Rs 1,780 crore as on March 2020. For the IPO, ICICI Securities, Citi, and Morgan Stanley are the lead bankers.
Open FlipReliance Industries, retail arm, Reliance Retail collaborated with Noise to further deepen its offline retail presence in India. Under the partnership, Noise’s entire portfolio of smart wearables will now be available at both online and offline stores of Reliance Digital. The newly launched range of ColorFit Pro 3 smartwatches range will also be available at the Reliance Digital stores.
Open FlipA delayed shipment of AstraZeneca Plc’s Covid-19 vaccine from India by Serum Institute is behind a cut in the U.K.’s supply starting later this month. Adar Poonawalla, the Serum Institute’s chief executive officer, however, told the U.K.’s Telegraph newspaper that the delay had to do with the Indian government allowing the export of the doses to the U.K., and had “nothing to do" with the company.
Open FlipDilip Buildcon's wholly-owned subsidiary- Repallewada Highways Private Limited received the financial closure letter from the NHAI for four laning of 52.602 Km road in Telangana. The bid project cost from the company is Rs1140.50cr. The project is four laning of NH-363 from Repallewada to Telangana/Maharahstra Border in Telangana on Hybrid Annuity More (HAM).
Open FlipBharti Airtel's African arm, Airtel Africa, on Thursday reported investment firm TPG's Rise Fund will invest $200 mn in telco's mobile money business at a valuation of $2.65 bn. Airtel Mobile Commerce BV is currently the holding company for many Airtel Africa's mobile money operations. It is eyeing to own and operate the mobile money businesses across Airtel Africa's 14 operating countries.
Open FlipPNC Infratech subsidiary SPVs received appointed dates for two HAM projects. The Company has received communication from NHAI for the 4 laning of Aligarh-Kanpur section from Km 356.000 to Km 414.000 of NH-91 in UP and 4 laning of Jagdishpur - Faizabad Section from km 47.930 to km 107.680 of NH-330A in UP. The appointed Date for both the projects is 15th March 2021.
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