News Overview

RITES, a transport infrastructure consultancy & engineering company, and the Indian Institute of Technology, Roorkee (IIT-R) have entered into a memorandum of understanding (MoU) to explore viable business opportunities in the infrastructure sector.

Dixon Technologies (India) announced that the company on 12 January 2022 has executed a joint venture agreement with Rexxam Co. and Dixon Devices (JV Company). The Company and Rexxam have entered into a joint venture agreement to form a joint venture company for undertaking the business of manufacture of Printed Circuit Boards for Air-Conditioners (PCBA) for domestic and international market. The JV Company has received […]

Banking, consumer durables and auto stocks weighed on the benchmarks Sensex and Nifty 50, while metal stocks outperformed counterparts.

The LOA issued by the PWD, Rajasthan to the Company for an amount of Rs331.11cr against the HGIEL Bid Project Cost of Rs448.11cr was not accepted by the company.

Infosys, while announcing its third quarter earnings, has revised upwards its revenue guidance for FY22 to 19.5%-20%.

The said MoU was executed on the same terms and conditions as the earlier MoU executed on January 16, 2016.

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 […]

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.

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.