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July 15, 2024

Stocks in News post Market closure
Shristi Infrastructure Development Corporation Limited : The Company has entered into agreements to exit from the joint ventures namely “Shristi Sam Lain JV, Shristi Sam Lain Yogi JV, SPML JV & Shristi Krushi GKR JV”.
Meghna Infracon Infrastructure Limited : The Company has been admitted to an LLP (Limited Liability Partnership) named as Meghna Infracon LLP for the purpose related to real estate development business. The profit or loss sharing ration of the Company is 90% in the said LLP.
Bank has Open 3 new branches.1)yammiganur ,karnool district, ap. (2)sanga reddy ,pothi reddy palli, Telangana (3)Panipat ,Haryana.
GVK Power & lnfrastructure Ltd : The National Company Law Tribunal (NCLT), Hyderabad Bench ll had admitted an insolvency proceedings petition filed under The lnsolvency and Bankruptcy Code,2016 by the lClCl Bank Limited against GVK Power & lnfrastructure Limited.
LUPIN LIMITED : Company has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) for its manufacturing facility located in Dabhasa, Gujarat. The EIR was issued post the last inspection of the facility conducted from April 8 to April 12, 2024.
Alembic Pharmaceuticals Limited : Company has received US Food & Drug Administration (USFDA) Tentative Approval for Selexipag for Injection, 1,800 mcg/vial.
Balmer Lawrie Investments Ltd. : Board has fixed 9th August, 2024 as the "Record Date' for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 equity share having face value of Rs. 10/- each, fully paid-up, will be sub-divided into 10 equity shares having face value of Rs. 1/- each.
Rathi Steel and Power Limited : steel melting unit at Ghaziabad has been declared as Pioneer Unit under “The Industrial and Service Sector Investment Policy 2004” of Govt. of Uttar Pradesh and pursuant to which we have received an amount of Rs. 4,71,47,847.12 from Govt. of Uttar Pradesh as Refund against our claim of Electricity Duty Exemption.
EMS Limited : Company has received a letter of award for Development of Distribution Infrastructure-loss reduction works at EDC Dehradun rural Circle of Uttarakhand under Revamped Reforms-based and Results-linked, Distribution Sector Scheme from Uttarakhand Power Corporation Ltd. The order value is approximately Rs.14,112.14 Lacs wherein EMS limited is having 95 % share with the Other JV Partner.
Rail Vikas Nigam Limited : Company has received Letter of Acceptance from Central Railway for “OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Wardha-Ballarshah Section in Nagpur division of Central Railway to meet 3000 MT loading target.
Shantai Industries Limited : The company has entered into loan agreement with Karma Trendz Private Limited.
SWASTIKA INVESTMART LIMITED : Board meeting to be held on 20th July 2024,To consider and approve the proposal for sub- division/split of the equity shares.
Apollo Micro Systems Limited : Apollo Micro Systems Limited is shortlisted keeping in view the capability and was awarded Make II project by the Indian Army. This project is for the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020.
Insolation Energy Ltd : approved incorporation of Subsidiary of the Insolation Energy Limited in India.The Investment in the proposed Subsidiary would be upto Rs; 8 Lacs in one or more tranches, through subscription/acquisition of equity shares of proposed Subsidiary.
Swastika Investmart Limited : Company is having a mobile trading application named as “Justrade 2.0” and now Company is renaming its Mobile Trading Application with some additional features with new name “SWASTIKA” with effect from 13th July 2024.
Infosys Limited : Infosys Foundation USA joins forces with Congressional App Challenge to Champion STEM Education across the U.S.
Markobenz Ventures Limited : The board approved the proposal of conversion of existing unsecured loans/advance/unsecured creditors into equity shares of the company & Raising of funds.
ELITECON INTERNATIONAL LIMITED : Board approved Issue of 15,00,00,000 Convertible warrants of the Company at a price of Rs. 10/- per warrant , aggregating to Rs. 1,50,00,00,000/- on Preferential basis.
Blue Star Limited : The Company has received an Order dated July 11, 2024 from Deputy Commissioner of State Tax, Mumbai on July 12, 2024 .The Order stipulates for Tax liability amounting to Rs 61,76,399, Interest of Rs 57,84,451 and a Penalty of Rs 6,17,641 aggregating to a demand of Rs 1,25,78,491. The said demand pertains to GST Audit conducted by GST Department, Maharashtra for the period 2019 - 2020.
Oil and Natural Gas Corporation Ltd :continuation of our communication dated 08.07.2024 w.r.t. “Raising of Loan of USD 800 million by ONGC Videsh Limited, a wholly owned subsidiary of the Company. It is further informed that the said USD 800 Million Loan facility has been drawn to discharge the existing borrowing of ONGC Videsh Limited on maturity.
RSWM LIMITED : The Company has entered for sale of Thermal Power Plant (2 X 23 MW) which has now become cost inefficient and redundant. The agreement in this regard has been entered into with Mis. Didwania Trading Company, Bhilwara for a consideration amounting to Rs.48.01 CR plus applicable taxes.
Bank of Maharashtra : Board meeting to be held on Thursday, 18th July 2024, to seek approval for raising of Long-Term Bonds through a public issue or private placement of suitable tenor in compliance with SEBI guidelines, during the financial year 2024-25.
VIP Clothing Ltd : Board approved Issuance of Equity Shares to persons belonging to non-promoter category on Preferential Basis, for cash by issuing upto 93,06,000 equity shares of the Company of face value of Rs.2/- each fully paid at a price of Rs. 45/- aggregating up to Rs.41,87,70,000/- (2). Issuance of Convertible Equity Warrants to Non-Promoter category on Preferential Basis by issuing up to 1,23,03,000 fully Convertible equity warrants with each warrant convertible into or exchangeable for One fully paid-up equity share of the Company of face value of Rs. 2/- each at an Issue price of Rs. 45/- per Warrant, aggregating to Rs. 55,36.35,000/-.
Suven Pharmaceuticals Limited : Company has acquired 51% of the share capital on a fully diluted basis (i.e., 67.5% of the present equity share capital) of Sapala Organics Private Limited.
Sterlite Technologies Limited : The hereby submits that it has received Note Verable, from European Commission imposing provisional anti-dumping duty of 11.4% on import of optical fibre cable manufactured by STL, India and by Sterlite Tech Cables Solution Ltd. (STCSL) India, its 100% Subsidiary.
M M FORGINGS LIMITED : The Board meeting will be held on 17 July 2024, for approving the allotment of Bonus shares.
Stanley Lifestyles Limited : The Company has opened a new flagship store ‘Stanley Level Next’ in Ahmedabad, Gujarat. including the new flagship store measuring about 20,000 Square Feet and the total number of ‘Stanley level next’ stores have increased to Nine in 6 Cities and across 6 states.
Flexituff Ventures International Limited : Board meeting to be held on 18th july 2024, to Issue of Equity Shares by way of Preferential Issue through private placement basis, subject to approval of members of the Company. & Issue of Warrants by way of Preferential Issue through private placement basis, subject to approval of members of the company.
Deep Industries Ltd : The Company has received Letter of Awards from Oil and Natural Gas Corporation Limited for Charter Hiring Of 01 Number Of 100MT Workover Rig for Tripura & 150MT Workover Rig for Rajahmundry for 3 Years each. The total estimated value of these awards is approximately INR 82 crores.
Geojit Financial Services Limited : Board approved the proposal for fund raising for an amount aggregating up to ₹2,00,00,00,000/-.
ERAAYA LIFESPACES LIMITED : Department of Economic and Tourism, Dubai UAE(the DET), Government of Dubai, has approved incorporation of wholly owned subsidiary of the Company in the name of “ERAAYA LIFESTYLE VACATION HOMES L.L.C” and issued a Certificate of Incorporation for the same.
Veerhealth Care Limited : The Company have received new Export Order worth US$ 106673 (Rs 89 Lakhs Approx.) from existing top institutional supplier Company in the United States of America.
Thirdwave Financial Intermediaries Ltd : UVS Investment Management Pty Ltd wholly owned subsidiary of the Company has signed a Franchise Agreement to open a new store at 218,The Parade, Norwood, South Australia
TCC Concepts: The Board decided to take over the businesses and management of NES at a valuation of Rs. 461,03,12,960 against issue of shares of the Company to promoters and non-promoters at an issue price of Rs. 352 per share as per the valuation and compliance with Chapter V of Securities and Exchange Board of India
GTPL: The aerospace and defence company received the I&B Ministry's nod for providing headend-in-the-sky (HITS) services.
Central Bank of India: The bank is in a co-lending partnership with Shriram Housing Finance to offer MSME loans and a co-lending partnership with Arka Fincap to offer MSME loans.
Piramal Pharma: The US FDA pre-approval was inspected at the Ahmedabad facility and closed with zero observations
GE T&D: The company gets order worth Rs:490 Crores from Power Grid Corp
Trading Tweaks
Price Band change from 20% to 10%: HPL Electric & Power.
Price Band change from 5% to 10%: Inox Wind Energy.
Ex/record Dividend: JITF Infralogistics, K.P.R. Mill, Alembic Pharmaceuticals, Rane Brake Lining, Siyaram Silk Mills, ZF Commercial Vehicle Control Systems India.
Ex/record AGM: K.P.R. Mill, Rane Brake Lining, Siyaram Silk Mills.
Moved in short-term Framework: HPL Electric &
& Power, Rane Holdings.
Moved out short-term Framework: D-Link (India), Gujarat Industries Power Company, Kingfa Science & Technology
*News Headlines from Business News Agencies:*
*Business Standard*
HAL aims to deliver first LCA Mark 1A by Aug 15; GE engine supply by Sept
India records 163% increase in electronic waste, says UNCTAD report
Industry body urges FM Sitharaman to continue 45-day MSME payment rule
HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore
Airways major Lufthansa slashes 2024 profit target for a second time
Nabard arm launches Rs 750 cr agri fund to finance startups, rural cos
Forex reserves jump $5.16 bn to $657.16 bn as of July 5: RBI data
Airbnb sees 30% bookings surge from Indian guests for Paris Olympics
Fintech firm Partior raises $60 mn Series B round led by Peak XV Partners
Major credit card issuers go live on Bharat Bill Payment Systems
Citigroup's profit climbs on investment banking surge, services strength
Credit card spending upwards despite rise in risk weights, says Visa
*Economic Times*
Crude prices to average at $83-88 in FY25, may increase govt fiscal burden: CRISIL
Signature Global to launch housing projects worth Rs 13,000 cr by March next year: CMD Pradeep Aggarwal
Exports positive in April-June quarter despite global challenges: Piyush Goyal
India's overall SDG score on national index up in 2023-24 at 71: NITI Aayog report
Fitch Ratings revises outlook on Tata Steel to negative amid uncertainty surrounding UK biz
Airbus launches new cost-cutting drive after output woes, sources say
Aviation regulator DGCA allows IndiGo to carry pre-flight briefing data in digital form
Oppo expects to maintain double-digit growth in Reno series sales
Wells Fargo Q2 Results: Profit falls, misses estimates on deposit costs
Residential launches decline 11% in first half of 2024: Report
Air Liquide India sets up manufacturing unit in Mathura with Rs 350 cr
Essar Energy Transition to build Europe's first hydrogen-fuelled power plant
*Mint*
India sees industrial output grows 5.9% in May, led by mining and power sectors
Instead of merger plan, MTNL operations to be given to BSNL, says report
PC Jeweller to raise ₹2,705 crore via share warrants issue
Anicut Capital to raise ₹1,500 cr for its largest private credit fund
NELCO Q1 Results: profit falls by 20.42% YOY
K&R Rail Engineering Ltd signs an MOU with South Korean major UNECO
Coal India plans to ease e-auction rules to stoke demand
KBC Global Ltd has handed over possession of 109 Residential units in Nashik
Budget may lay out Vision 2047 to build roads worth ₹20 trillion
Filatex Fashions Ltd Board Approves 5-for-1 stock split
Over 15,000 investor complaints received in Q1 FY25, over 7,000 in June alone
RBI and Sebi must redo its overseas investment policy for AIFs
Earnings Preview: Cement companies likely to report subpar performance in Q1FY25
Big news related to Bharat Dynamics Limited. DRDO and BDL will jointly make Astra MK II. Final testing of Astra MK II missile will be completed soon. Will be used in Air Force's Mig 29, Tejas MK 1A, Tejas MK II and AMCA. The total deal will be worth ₹3,000 Cr. Production likely to start by the end of 2024. Zee Business had reported the news in October last year.

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