· Vedanta to consider third interim dividend on March | SKM INVESTMENT
· Vedanta to consider third interim dividend on March 02 - positive
· Bajaj Healthcare launched Magnesium L-Threonate in Nutraceutical segment. The drug is used as a nutritional supplement to normalise magnesium level in the body and aids in improving memory, muscle and nerve functions.- positive
· Sanofi India Q3FY22 (YoY) - Revenue down 4% at Rs 687.9 crore Vs Rs 720.3 crore, Net profit down 27% at Rs 90.4 crore Vs Rs 123 crore, Ebitda down 24% at Rs 127.20 crore Vs Rs 167 crore, Margin 18.5% Vs 23.2%, Declared dividend of Rs 490 per share on the back of divestments and strong domestic growth.
· Info Edge: The company has received NCLT approval for amalgamation of wholly owned subsidiary company High Orbit Careers into and with Info Edge.- positive
· Federal-Mogul Goetze: Tenneco Inc, company’s holding company, has entered a merger agreement with Pegasus Merger, a wholly owned subsidiary of Pegasus Holdings. - positive
· Butterfly Gandhimathi Appliances: Rajasthan Global Securities bought 1.63 lakh (0.91%) shares at Rs 1395.52 apiece.
· HDFC Plans to Sell At Least Rs2000cr 3Y Bonds at 5.90% - positive
· Cadila gets final approval from USFDA for Dapagliflozin tablets. Dapagliflozin is used with a proper diet and exercise program to control high blood sugar in people with type 2 diabetes- positive
· Spandana Sphoorty Financial - company reported a pick up in disbursements. Firm has disbursed Rs 300 crore ($40 million) of loans so far in February. Incremental operational cash generation of Rs 75 crore to Rs 100 crore per month and new debt drawdown provide enough funds for rapid ramp-up in disbursements.- positive
· Adani Enterprises has divested its 100% stake in DC Development Hyderabad Pvt ("DCDHPL") and Naida Data Center ("NDCL"), Wholly Owned Subsidiary ("WoS") Companies to AdaniConnex PVT (50% JV of AEL with EdgeConneX Europe B.V.) Consequently, DCDHPL and NDCL have ceased as WoS of the Company.- positive
· Vikas Lifecare and sensor intelligence company SICK India will market a certain type of ultrasonic gas meters in India and other Asian countries as part of a new memorandum of understanding.- positive
· TVS Motor announced that its two-wheeler exports clocked 1 million units (including sales from TVS Motor Company and PT TVS, Indonesia) in FY21-22. The company has achieved this significant export milestone in a financial year for the first time. – positive
· Maruti Suzuki India announced the launch of its much-awaited technologically superior premium hatchback - the New Age Baleno. Equipped with a host of class leading technology, safety, comfort & convenience features – positive
· Sun Pharma announced that Galderma and Taro Pharmaceutical have signed a definitive agreement for Taro to acquire Alchemee, formerly The Proactiv Company (TPC), from Galderma. – positive
· Rama Vision Ltd has informed that CARE Rating Agency has revised the ratings on the bank facilities of the Company. Long-term ratings has been revised to CARE BB with Stable outlook from CARE BB-/Positive rating – Avoid
· Power Grid - Fitch Ratings has affirmed Power Grid Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'. The Outlook is Negative. – we are long term positive
· Firstsource Solutions was ranked #1 in the 2022 Best in KLAS: Software & Services Report, and noted as a leader in the Eligibility and Enrollment Services category.- positive
· Intellect Design announced that the bank has gone live with Intellect Contextual Banking Experience - Retail (CBX-R) deployed on Microsoft Azure to offer fully digital direct-to-customer bank offering to its customers.- positive
· DFM Foods Ltd has informed that CRISIL agency has assigned the bank ratings of the company where long-term ratings has been assigned at CRISIL A- / Negative while short term rating has been assigned at CRISIL A2+. - Avoid