News Overview

Cipla announced that the stock purchase and merger agreement entered between InvaGen Pharmaceuticals Inc. (InvaGen), USA, wholly owned step down subsidiary of the Company, and Avenue Therapeutics Inc (Avenue) has been terminated with effect from 1 November 2021. However, the Stockholders Agreement dated 12 November 2018 between InvaGen, Avenue and other stockholders remains in force; and InvaGen will continue to hold shares in Avenue. Powered […]

Lumax Industries jumped 5.35% to Rs 1,220.80 after the company commenced its commercial production of electronic components for automotives, at its new manufacturing plant situated at Bawal (Haryana) on Wednesday, 12 January 2022.

With effect from 12 January 2022

Manappuram Finance said that a meeting of the financial resources and management committee of the board will be held on Monday, 17 January 2022, to consider and approve the issuance of secured, rated redeemable non-convertible debentures.

Power stocks were trading in the positive zone, with the S&P BSE Power index rising 35.51 points or 0.94% at 3807.77 at 09:51 IST.

Basic materials stocks were trading in green, with the S&P BSE Basic Materials index increasing 64.1 points or 1.1% at 5902.5 at 09:51 IST.

Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 577.28 points or 2.94% at 20230.13 at 09:51 IST.

The new manufacturing plant at Bawal will produce electronic components for automotives.

The company is into textiles and its products are polypropylene filament yarn, grey cloth, etc.

Titagarh Wagons advanced 2.74% to Rs 116.35 after the company acquired land and infrastructure of Precision Shipyard located in Falta, West Bengal, in an auction of sale conducted by the Union Bank of India.