STOCKS IN NEWS: WIPRO, OMNITECH, KECINTER, BOROSIL, VASCON, AETHER, BHARATFORGE, LUMAX, REDINGTON
AHMEDABAD, 12 MARCH:
WIPRO: The company has entered into a multi-year contract for business and technology modernisation for TruStage’s retirement services business. TruStage is an insurance and financial services provider based in Madison, Wisconsin.
Omnitech Engineering: Craft Emerging Market Fund picks up 1.4% stake in Borana Weaves from Pine Oak Global Fund
KEC International: The RPG Group company has received new orders worth Rs 1,476 crore for transmission and distribution projects in India, the Middle East, Africa, and the Americas. With these orders, its year-to-date order intake now stands at Rs 22,800 crore.
Samvardhana Motherson: The company has entered into a Share Purchase Agreement to purchase a 100 percent stake in Yutaka Autoparts India.
Vascon Engineers: The company has received a work order worth Rs 115.9 crore from Ahmedabad Municipal Corporation for the development of Lotus Park. The work has to be completed within 24 months from the date of issue of the work order.
Ashok Leyland: The company has announced the ground-breaking of a greenfield battery pack manufacturing facility in Chennai, with an investment of Rs 400–500 crore.
Borosil: Oil marketing companies (OMCs) have announced restrictions on the supply of LPG due to a force majeure situation arising from the ongoing conflict in the Middle East and its consequent impact
Canara HSBC Life: The insurance company has entered into a Corporate Agency Agreement with Bihar Gramin Bank for the distribution of the company’s insurance products.
Aether Industries: The company reported a fire incident at an external warehouse in Surat. All facilities are observing normal operations without any disruption. Also, zero injuries or casualties have been reported.
Adani Enterprises: The company’s subsidiary, Adani Defence Systems & Technologies, has completed the acquisition of a 14.2 percent shareholding in Air Works India (Engineering), increasing its total stake to 99.98 percent.
Mahanagar Gas: Given the prevailing geopolitical developments impacting global energy markets, some of the company’s gas suppliers have curtailed supply, which in turn has impacted its supplies to industrial and commercial (I&C) customers.
Hatsun Agro Product: The National Company Law Tribunal (NCLT), Cuttack, has sanctioned the amalgamation of Milk Mantra Dairy with Hatsun Agro Product, with effect from the appointed date of April 1, 2025.
Bharat Forge: The company has made an investment in its subsidiary Bharat Forge Global Holding GmbH through a capital reserve amounting to Rs 160 crore, or 15 million euros.
Lumax Auto: The National Company Law Tribunal (NCLT), New Delhi, has approved the amalgamation between Lumax Ancillary and Lumax Auto Technologies. The appointed date for the scheme is April 1, 2024.
Everest Industries: Aasheesh Saxena has been appointed as Vice President (Business Head – Roofing) of the company, effective March 11. He will be part of the senior management team.
Redington: The company has received a favourable order from the Commissioner of Income Tax (Appeals), quashing the demand of Rs 230.21 crore (out of the total demand of Rs 233.66 crore) raised by the Assessing Officer for the Assessment Year 2020–21.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
