Buzzing Stocks : Maruti Suzuki, PNB, Dabur, Bharat Electronics, Kirloskar Oil, Interarch Building, VVIP Infratech, Mahindra Lifespace in focus on 3 April.
Maruti Suzuki India : The country's largest car maker has planned to increase car prices across 7 models, effective April 8, due to rising input costs, operational expenses, regulatory changes, and feature additions.
HDFC Bank : The Securities and Exchange Board of India has issued an administrative warning letter to the bank, alleging certain non-compliances in relation to custodian activities being carried out by the bank.
Bharat Electronics : The company has signed a contract with the Indian Air Force valued at Rs 593.22 crore for providing maintenance services for the Akash Missile System, which was supplied by the company.
Kirloskar Oil Engines : The company has received an order worth Rs 270 crore from the Indian Navy for the design and development of a medium-speed marine diesel engine of 6MW capacity under the Make-I scheme.
Elpro International : The company sold its remaining shareholding (of 1.63 crore equity shares) in PNB MetLife India Insurance Company for Rs 134.4 crore.
Interarch Building Products : The company has received a Letter of Intent for a purchase order worth over Rs 300 crore involving a job of 30,000 MT from a new customer. The order involves design, engineering, manufacturing, supply, and erection of pre-engineered steel building systems.
VVIP Infratech : The company has received a Letter of Acceptance and Letter of Intent (LOA/LOI) amounting to Rs 414 crore for infrastructure works from government departments in Uttarakhand and Uttar Pradesh.
Mahindra Lifespace Developers : The company is the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai, with a project value of Rs 1,200 crore.
GE Power India : The company has received purchase orders worth Rs 38.2 crore from NTPC for the supply of generator parts for the Talcher site.
Authum Investment & Infrastructure : The company has emerged as the successful resolution applicant for the acquisition of Vas Infrastructure for Rs 86.04 crore due to the Resolution Plan submitted by the company.
Lupin : The company's subsidiary, Lupin Healthcare (UK), has entered into a definitive agreement and acquired the entire share capital of Renascience Pharma, United Kingdom, for GBP 12.3 million.
Reliance Industries : The company laid the foundation stone of the first Reliance Compressed Bio-Gas (CBG) plant at Kanigiri, Andhra Pradesh. The project is being developed with a capital investment of Rs 139 crore and is the first in a series of 500 projects involving a total capital outlay of Rs 65,000 crore for Andhra Pradesh.
PNB Housing Finance : Amit Singh has resigned as Chief People Officer (Function Head) of the company due to personal reasons, effective May 30. Satish Kumar Singh, Function Head, will take charge as the Chief People Officer of the company, effective May 31.
Caplin Point Laboratories : he Board members of Caplin Point Far East, Hong Kong, a material subsidiary of the company, approved the investment in Neoethicals Chile SpA through the purchase of all its shares.
ASK Automotive : Shalender Singh Birla has resigned as Chief Executive Officer (Operations) – Aluminium Lightweighting Precision Solutions (ALPS), and Cable division of the company, effective April 7.
Borosil : The Board has approved the setting up of a manufacturing unit for vacuum-insulated stainless-steel flasks, bottles, and containers in Rajasthan through the company’s wholly owned subsidiary, Stylenest India. The estimated capex is Rs 40 crore.
Tata Communications : The Board of TC Netherlands approved a proposal for the repurchase of issued share capital of TC Netherlands of 16.718 million euros held by Tata Communications International Pte (TC Singapore), a direct wholly-owned subsidiary of the company. After the share buyback, TC Netherlands would become a direct wholly-owned subsidiary of the company.
Chennai Petroleum Corporation : The government has appointed H Shankar as Managing Director of the company, effective April 2. At the time of appointment, H Shankar was Director (Technical) of the company and was also holding additional charge of Managing Director.
Hindustan Copper : The company has executed an agreement with Corporacion Nacional Del Cobre De Chile (CODELCO) for cooperation and exchange of information. The main objective of this agreement is to implement joint activities in exploration and exploitation of mining properties and mineral beneficiation through sharing experience and knowledge.
Fortis Healthcare : The company emerged as the successful bidder for the Fortis Marks (Fortis’ trademarks and allied marks). The Delhi High Court has confirmed the sale of the Fortis Marks and all attendant rights and liabilities in favour of the company pursuant to the public auction process.
Simplex Infrastructure : The company has entered into a one-time settlement with the non-assignee lenders, covering 6.27% of the 14.56% of non-assignee lenders.
Bajaj Healthcare : Dayashankar Patel has resigned from the position of Chief Financial Officer of the company due to personal reasons, effective April 15.
Allcargo Logistics : The company's subsidiary, Ecuhold NV, has acquired an additional 10% stake in Ecu Worldwide (Japan), effective from March 31, for $0.22 million. Post-acquisition, Ecuhold NV holds a 100% stake in Ecu Worldwide (Japan).
Dhampur Bio Organics : The Board has approved the change in the name of the company from Dhampur Bio Organics to Divija Bio Organics, subject to the approval of shareholders.
Shri Ahimsa Naturals : PG Foils acquired 5.76 lakh shares in the company, Genesis Grand General Trading LLC bought 2.16 lakh shares, and Varada Trading bought 3.6 lakh shares at an average price of Rs 140 per share. However, Vbcube Ventures Fund sold 1.32 lakh shares at the same price.
Bright Outdoor Media : Aegis Investment Fund bought an additional 2.7 lakh shares in the company at an average price of Rs 499.94 per share. However, Ashish Pannalal Nanda exited the company by selling 2.7 lakh shares at an average price of Rs 499.86 per share.
