· Tata Power in pact with Zaak Technologies for up cyc | SKM INVESTMENT
· Tata Power in pact with Zaak Technologies for up cycling ash. The partnership between the PPGCL and ZaaK would create a new industry of sustainable construction material by reducing the consumption of precious natural sand resources. - positive
· Bank of India has said it can absorb any burden of marking down recapitalisation bonds issued in lieu of equity shares to the government without fresh capital infusion. The discounting, to be done by fair-value method, could halve the bonds' value to about Rs 1,500 crore.- Avoid
· SIS Limited has been awarded a two-year contract valued at approximately Rs. 225 crores to provide security solutions at 18 sites of Mahanadi Coalfields located across India with an option to renew for a further one-year period.- positive
· SJVN Arun- 3 Power Development Company, a subsidiary of SJVN Limited in Nepal, signed Term Loan Documents for drawl of Rs6333.40 crore Loan with the consortium of banks from India & Nepal – positive
· Societe Generale on Tuesday offloaded shares of Housing Development Finance Corporation (HDFC) worth nearly Rs 1,730 crore through an open market transaction at an average price of Rs 2,436.8 a shares – we are long term positive.
· Sun Pharma: The company’s subsidiary Taro Pharmaceuticals has signed a definitive agreement to acquire The Proactiv Company from Galderma for $90 million.- Positive
· Nazara Technologies: The Rakesh Jhunjhunwala-backed gaming company will consider issuance of equity shares to shareholders of Datawrkz Business Solutions on preferential basis. – positive
· Mahindra CIE: The company appointed Hari Krishnan as chief executive officer of forgings and billforge division, following Anil Haridass’s resignation from the post.- positive
· Dilip Buildcon: The company has been declared as L-l bidder for the tenders floated by the National Highways Authority project worth Rs 1,141 crore.- positive
· Adani Enterprises & Adani Power: Ballard Power announces MoU with Adani Group for hydrogen fuel cells in India. – positive
· MEP Infrastructure: Wins Rs 87.03 crore highway toll collection project.- positive
· Aurobindo Pharma: Promoter Group RPR Sons Advisors, P. Suneela Rani (jointly holding) revoked a pledge of 21.29 lakh shares on Feb. 18.
· Jindal Steel & Power: Promoter Group Siddeshwari Tradex revoked a pledge of 9 lakh shares on Feb. 18.
· Thomas Cook and its Group Company, SOTC Travel have introduced a range of holiday products across domestic and international destinations - with attractive prices and special offers/deals.- positive development
· Wipro Limited announced that it has formed a joint go-to-market partnership with function, a Palo Alto-based startup that has developed a scalable, AI-based technology platform for modernizing Java applications and accelerating migration to the cloud.- positive
· Mindtree Limited announced that it has been named a Leader in the Everest Group Duck Creek Services PEAK Matrix Assessment 2022.- positive
· Century Textiles has approved NCD worth Rs250c – positive
· Vedanayagam Hospital Private Limited has acquired 72.17% of Shiva Texyarn in aggregate of the Paid-up Share Capital of the Company and now holding company of Shiva Texyarn – Avoid
· Isgec Heavy Engineering has commissioned its largest Biomass Boilers for a Bio Ethanol project in Thailand for GKBI through an EPC company, Sbang Corp. Ltd., Thailand. The scope of work included the setting up of 2 Biomass Boilers of 230 TPH capacity each operating – positive
· 7NR Retail has approved the sub-division of equity shares from the face value of Rs10 each to the face value of Re1 each.- Avoid
· Hero MotoCorp has created a new position, titled Chief Growth Officer, integrating the Marketing, Sales and After-Sales functions. Ranjivjit Singh – who has been heading Marketing - is being elevated to this newly constituted role of Chief Growth Officer, with immediate effect.- positive
