Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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August 26, 2022

• *Lupin:* Company gets US FDA nod for Formoterol Fumarate and Dasatinib Tablet ANDA (Positive)
• *Dr Reddy:* Company has received the Establishment Inspection Report. The Agency has concluded that the inspection is "closed" under 21 C.F.R.20.64(d)(3). (Positive)
• *Gland Pharma:* Company receives 1 observation on Form 483 w.r.t ANDA filed for product manufactured at Dundigal unit. There is no data integrity observation (Positive)
• *Nelco:* Intelsat signs pact with Nelco for inflight connectivity in India’s airspace (Positive)
• *Goa Carbon:* Company resumes operations at Bilaspur unit in Chhattisgarh (Positive)
• *Max Financial:* Max Life Insurance Company has announced the receipt of the Commencement of Business (COB) certificate for its wholly owned subsidiary. (Positive)
• *Infibeam:* The company has received board approval for fund raising of Rs 161.50 crore via issue of warrants on preferential basis. (Positive)
• *Steel Authority of India:* Expands Adoption of HPE GreenLake (Positive)
• *HOEC:* To consider a proposal of fund raising by issuance of equity shares or other securities (Positive)
• *EPL:* Upgraded credit rating as "CARE AA+" from "CARE AA" for Long Term Bank Facilities with stable outlook (Positive)
• *UCO Bank:* Crisil Ratings has upgraded UCO Bank Bonds to CRISIL AA-/ Stable from CRISIL A+/ Positive. (Positive)
• *NYKAA:* Priyanka Chopra's Anomaly - the Haircare Brand - makes its India debut. (Positive)
• *Coromandel:* Signed an MoU with Leading Saudi Mining Company MADEEN for collaboration on new technology products, logistics solutions, & development of new products (Positive)
• *Lupin:* Acquires 'Ondero’ & ‘Ondero Met’ from Boehringer Ingelheim Intl GmbH (Positive)
• *Crompton Greaves:* Company appoints Kaleeswaran Arunachalam as CFO. (Neutral)
• *HDFC Bank:* Enters into an indicative & non-binding term sheet with Go Digit Life Insurance (Neutral)
• *PVR:* BNP Paribas Arbitrage sold 4,05,183 equity shares in the multiplex chain operator via open market transactions. (Neutral)
• *Eicher Motors:* Kaleeswaran Arunachalam has tendered his resignation from the Chief Financial Officer and Key Managerial Personnel position. (Neutral)
• *Inox Wind:* The company said its board of directors on August 30 will consider fund raising. (Neutral)
• *Ador Welding:* Nippon Life India Trustee cuts stake in Ador Welding (Neutral)
• *Indian Oil:* To Invest $25B to Meet 2046 Net Zero Emission Target. (Neutral)
• *ACC/Ambuja:* Adani Group’s Open Offer Opens Tomorrow/ Tendering period Commences; Closes 9-Sept (Neutral)
• *GAIL:* Company has fixed 7th September as the Record Date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares (Neutral)
• *DFM Foods:* Board Approves Delisting Proposal Floor Price of Rs 220.64/ Share (Neutral)
• India to Restrict Wheat Flour Exports to Cool Soaring Prices
• India on Alert as Rare Viral Illness ‘Tomato Flu’ Spreads
• Adani Group Makes $3.9 Billion Open Offer for Two Cement Makers
• The open offer for both the cement firms will run from Aug. 26 to Sep. 9
• India Stocks Decline as Derivative Expiries Trigger Volatility
• Hero Electric to Partner with Jio-BP for 2- Wheeler EV Adoption
• India Telecom Minister Sees INR2.5T-3T Invest in Sector IN 2-Years
• Foreign Investors Buy Net INR1.68B of Indian Equities Wednesday
• HDFC Bank (HDFCB): In Pact to Buy 9.94% Stake in Go Digit Life Insurance
• Indian Oil (IOCL): To Invest $25B to Meet 2046 Net Zero Emission Target
• Infibeam Avenues (INFIBEAM): Buys 50% Stake in Software Startup Vishko22
• Steel Authority of India (SAIL): Expands Adoption of HPE GreenLake