· Hindalco announced that subsidiary Novelis Inc will | SKM INVESTMENT
· Hindalco announced that subsidiary Novelis Inc will be investing approximately $50 million to build a recycling center at its Ulsan Aluminum joint venture in South Korea. Fully funded by Novelis, the Ulsan Recycling Center will have an annual casting capacity of 100 kilotonnes of low-carbon sheet ingot.- positive
· Adani Enterprises signed a non-binding MoU with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India.- positive
· Astron Paper has informed that Chaitali Parikh has resigned from the position of Independent Director of the Company with effect from February 22, 2022, due to her certain personal pressing engagement – positive.
· DCB Bank – Ratig agency ICRA has reaffirmed various ratings of DCB Bank at ICRA A+(Stable) - positive
· NHPC restarted power generation of Sewa-II Power Station (3 x 40 MW), Mashka (UT of J&K)with the synchronization of all three units with the grid.- positive
· Bal Pharma - Credit Rating Agency Acuite Limited upgrades the credit rating assigned to the Long term fund-based facilities, short term non-fund based facilities, and long-term loans of Bal Pharma.- positive
· CARE affirms credit rating on Kovai Medical at CARE A+ stable – positive
· Data Soft Application Software board approved foray into new business – positive
· Dynamatic Technologies - India Rating & Research (Ind-Ra) has affirmed the rating as BBB+ (Positive) for the bank facilities of Dynamatic Technologies – Positive
· Leisure Hotels Group partners IHCL-backed Ginger to open hotel in Greater Noida- positive
· IndiaMART, has announced an investment of Rs 91.42 Crores in Fleetx Technologies PVT. As part of the transaction, IndiaMART has agreed to acquire shares via a mix of primary and secondary share purchases, and its final holding post the round shall stand at 16.53%. Fleetx.io has raised a total of Rs.145 Crores in this round, led by IndiaMART along with participation from existing investors IndiaQuotient and BEENEXT.- Positive
· EaseMyTrip, has partnered with Toffee Insurance, one of the fastest-growing InsurTech companies, to provide innovative and tailored travel insurance solutions to its customers. - Positive
· Indiabulls Real Estate clarified that it is not related to the Enforcement Directorate's investigation. "The ED has sought some information from Indiabulls Housing Finance regarding certain of their clients and it is understood that the necessary data has been provided. - Avoid
· Heranba Industries is in process of incorporating a Wholly-Owned Subsidiary Company namely "Mikusu India Private Limited". The wholly owned subsidiary shall carry out business in the field of Agro-Chemical.- positive
· Affle India has received intimation from the wholly owned subsidiary Company, Affle International Pte. Ltd that all closing conditions with regard to acquisition of 28.33% shares of Appnext Pte. Ltd. have been completed.- positive development
· Black Rose Industries have commenced commercial production of N-Methylol Acrylamide (NMA) at its manufacturing facility situated at Jhagadia, Gujarat, on February 21, 2022. The current installed capacity of NMA is 2000 MTPA.- positive
· Marksans Pharma gets UK MHRA approval for Bells oral solution - positive
· Wilmer sees sales volume for food products to grow - positive
· MEP Infra wins Rs87.03cr highway projects - positive
· Bal Pharma Limited - Rating Upgraded by ACUITE, Upgraded to ACUITE BBB- stable from (ICRA) BB+ positive – Positive
· KPI Global has received a new repeat order for executing solar power project of 7.50 MWdc capacity from M/s. Anupam Rasayan India Limited ("ARIL"), - positive
