Top stocks in focus: Reliance Industries, Anupam Rasayan, Rites, Wipro, Vodafone Idea

15 Mar 2022 , 07:40 AM

Reliance Industries: Subsidiary Reliance New Energy has acquired assets of Lithium Werks BV. The company acquired Lithium’s assets for $61 million including funding for future growth. The assets include the entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees as a going concern.

Anupam Rasayan India: The firm said Afzal Malkani has resigned from the post of Chief Financial Officer of the company due to personal reasons. The company has appointed Amit Khurana as the Chief Financial Officer, with effect from March 15.

RITES: The company has declared a third interim dividend of Rs7.50 per share. The record date has been fixed as March 25 for the payment of dividend.

Wipro: The IT services company has bagged a contract from Speira which has operations in Germany and Norway. Over the next five years, Wipro will work to strengthen the technology infrastructure and cybersecurity requirements of Speira.

Vodafone Idea Ltd (VIL) made a foray into the online gaming segment in partnership with Nazara Technologies.

Avantel: The company has received a supply order of loco devices for implementation of RTIS phase – 2 (Real Time Train Information system). The order is valued at Rs125.68 crore.

Marsons: The board has approved the purchase of advanced thermoelectric technology to generate cheap sustainable power from waste heat and to reduce global CO2 emissions). The technology will be acquired from US-based company Micro Power Global Limited in lieu of equity shares to be allotted on a preferential basis. The board has also approved the plans for venturing into EPC for setting up electric vehicle charging stations.