Check out the companies which will be in focus during trade today based on recent and latest news developments.
Adani Enterprises: The company has informed BSE that Adani Green Energy Limited (AGEL), a subsidiary of the Company, has acquired 100% Equity Shares of Duryodhana Developers.
Nestle India: Nestle India reportedly said it will launch other variants of the brand such as oats noodles and cup noodles in 3-4 months.
Tata Power: Tata Power has completed its tie-up of power through Long term PPA with the commencement of power flow to Kerala State Electricity Board.
Tata Consultancy Services: TCS launched Comprehensive Inventory Management system to assist Mumbai Mobile Creches.
NBCC: The All India Institute of Medical Sciences (AIIMS) has inked an MoU with the National Buildings Constructions Corporation Ltd (NBCC) to build the second phase of the existing trauma centre of the institution.
Eon Electric: Eon Electric has reached yet another milestone by securing an extension to the ongoing LED streetlights installation project. As part of the extended project, Eon will be installing additional 33,153 LED streetlights in the city.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals has entered into a Settlement Agreement with Forest Laboratories, LLC, Forest Laboratories Holdings, Ltd., and Royalty Pharma Collection Trust to settle and dismiss the outstanding patent litigation related to Glenmark’s Abbreviated New Drug Application for Milnacipran Hydrochloride 12.5 milligram, 25 milligram, 50 milligram, and 100 milligram tablets, the generic version of Forest’s Savella.
HDIL: HDIL has sold 850,000 square feet of development rights in Kurla to a company belonging to the Mumbai-based Wadhawan Group for Rs. 649 crore, as per media reports.
SpiceJet: Budget carrier SpiceJet has reported a seat factor of above 90 per cent in November, according to DGCA data.
Godrej Industries: Godrej Agrovet Limited (GAVL), a subsidiary of Godrej Industries Ltd, announced acquisition of controlling stake in Creamline Dairy Products Ltd (Creamline).
Allahabad Bank: The bank has announced that the Bank has successfully raised BASEL III compliant Tier 2 Bonds aggregating to Rs. 1,000 crore through Private Placement.
Rolta India: Rolta India said that its Wholly Owned Subsidiary Company, Rolta Americas LLC, USA (Subsidiary) has bought back via open market repurchase transaction US$ 5,650,000 in-principal out of the outstanding US$ 373,345,000 8.875% senior notes due 2019 (The Bonds) and cancelled these Bonds purchased by the Subsidiary.
Reliance Communications: Reliance Communications is selling nearly 150 residential flats situated at Sea Woods complex in Navi Mumbai.
Thomas Cook: Thomas Cook has announced a strategic partnership with ItzCash to extend its outreach to India’s rapidly growing unbanked inward remittance market, by offering remittance services (Xpress Money & MoneyGram) across an extensive network of over 75000+ touch points, pan India.
Cipla: Cipla announced the launch of generic version of anti-hepatitis drug Ledipasvir-Sofosbuvir in the domestic market. The drug is used for treating hepatitis C virus.
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