Buzzing Stocks : Bharti Airtel, Hero MotoCorp, Biocon, Wockhardt, RITES, DMart, V2 Retail, Bank of Maharashtra in focus on 3 January.
Bharti Airtel : The telecom operator has entered into an agreement to acquire a 26% equity stake in AMP Energy Green Three for Rs 37.89 crore. AMP Energy is a special purpose vehicle formed for owning and operating a captive power plant.
Varun Beverages : The company has invested Rs 412.8 crore by subscribing to ordinary shares of its subsidiary, The Beverage Company Proprietary, South Africa.
Indian Railway Finance Corporation (IRFC) : IRFC has signed a Memorandum of Understanding (MOU) with REMC to collaborate on financing renewable energy projects awarded by REMCL for supply to Indian Railways. The partnership also extends to exploring financing options for thermal, nuclear, and renewable power projects established under a captive model through joint ventures involving Indian Railways and other entities. REMC is a joint venture of the Ministry of Railways (MOR) and RITES.
RITES : The company has received a work order worth Rs 69.78 crore for the R3Y/R6Y repair of 43 WDS6 locomotives over three years, from Steel Authority of India - Bhilai Steel Plant.
NHPC : The company has received the second gross payment of Rs 250 crore under the Mega Insurance Policy against the insurance claim for Business Interruption (BI) losses caused by a flash flood that occurred on October 4 at the Teesta-V Power Station (510 MW).
Biocon : The company’s subsidiary, Biocon Pharma, has received approval for Tacrolimus capsules in 0.5mg, 1mg, and 5mg strengths from the National Medical Products Administration (NMPA), China. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients, reducing the body’s ability to reject a transplanted organ.
Axiscades Technologies : Arun Krishnamurthi has resigned as Chief Executive Officer & Managing Director of the company, due to personal reasons, effective January 2.
Honasa Consumer : Master Zairus has resigned as Chief Business Officer of the company, effective February 28, 2025, due to personal reasons.
Wockhardt : The Indian drug regulator, the Central Drugs Standard Control Organization (CDSCO), has approved the new-generation oral antibiotic Miqnaf (nafithromycin). Miqnaf is used in the treatment of community-acquired bacterial pneumonia (CABP) in adults.
Pricol : The Board has approved the divestment of the wiping business division of the company to Auto Ignition on a slump sale basis for Rs 20 crore.
Allcargo Logistics : CELM Logistics SA de CV, Mexico, a step-down wholly owned overseas subsidiary of the company, has been voluntarily liquidated effective December 12, 2024. Consequently, CELM Logistics SA de CV, Mexico, has ceased to be a step-down wholly owned overseas subsidiary of the company.
PB Fintech : The company has incorporated its wholly owned subsidiary, PB Healthcare Services.
Swan Energy : The name of Reliance Naval and Engineering has been changed to Swan Defence and Heavy Industries.
Gujarat Toolroom : Eminence Global Fund PCC - Eubilia Capital Partners Fund I sold a 4.74% stake in the company at an average price of Rs 18.08 per share, amounting to Rs 19.89 crore.
