Stocks in News post Market closure 👀 :
1) TCS : the EPIC Systems Corporation matter, the
US District Court for Western District of Wisconsin passed an order reducing the jury award of punitive damages to $ 140 million and directed the Clerk of the Court to file an amended judgement accordingly.
2)Radhe Developers : Company has fixed ,Friday, July 15, 2O22 as the ,Record Date,for ascertaining the eligibility of shareholders,Split/sub-division of 1 equity shares of face value of Rs. 10/- each into 10 Equity Shares of face value of Rs. 1/- each. lssuance of Bonus Equity shares of the company in proportions of 1:1
3)TATA Steel : Purchased 69,40,29,741 equity shares from MMTC Ltd, NMDC Ltd, MECON Ltd, Bharat Heavy Electricals Ltd, Industrial Promotion and Investment Corporation of Odisha Ltd, and Odisha Mining Corporation Ltd. for the balance consideration.
4)Wherrelz IT Solutions Ltd : Company Had an agreement with Catalyst Trusteeship Limited to provide Customized Data Management Software, maintenance of Server and other related supporting services 22/06/202
5)Vibrant Global Capital Ltd — National Company Law Tribunal (`NCLT')
pertaining to approval of scheme of Amalgamation of wholly-owned unlisted subsidiary namely, Vibrant Global Infraproject Private Limited ("Transferor Company") with Vibrant Global Capital Limited
6)Steel Exchange India Ltd : Company fixed july 13th as record date for Sub-Division of 1 Equity Share of nominal value of Rs. 10/- each fully paid up into 10 Equity Shares of Re. 1/- each fully paid
7)Inflame Appliances Ltd —- Company has received huge order for 45,000 Kitchen Appliances of various models from their one of the major and renowned company Hindware Home Innovation Limited, who are owning the prestigious brand Hindware Appliances.
8)Satin Creditcare Network Ltd Board meeting on July 11th to consider proposal for raising of funds by way of issuance of Non-Convertible Debentures upto INR 5,000 Crore on private placement basis
9)Marico : the Company has now acquired an additional stake of 4.14% of the equity capital of Apcos Naturals, thereby increasing its equity stake to 56.52%
10)Kiloskar Ferrous : Company upgraded of MBF-II, the manufacturing capacity of pig iron in respect of ME3F-ll has increased from 1,80,000 Metric Tonne per annum to ~2,17,600 Metric Tonne per annum and
consequently, total manufacturing capacity of pig iron at company level has increased to 6,09,000 Metric Tonne per annum.
11)Cipla: The United States Food and Drug Administration conducted a pre-approval inspection at the company's Indore plant from June 27 to July 1. It has received two
observations on FDA Form 483 with
respect to ANDA filed for the product to be manufactured at the said plant. There iÅŸ no data integrity observation. The company said that it will submit its response to the U.S. FDA within the stipulated time.
12)Kotak Mahindra Bank: The Reserve Bank of India imposed a penalty of Rs 1.05 crore due to inability of bank to credit amount involved in unauthorised electronic transactions with in 10 working days. The Bank did not maintain/apply required margin on advances to stock brokers. It failed to credit required amount to depositor education fund.
13)Induslnd Bank: The Reserve Bank of Indiaimposeda penalty of Rs 1 crore for non-compliance with customer due diligence procedures in accounts opened via E-KYC.
14)LIC : The company approved investment of Rs 127.07 crore in LIC (Nepal) via rights Ä°ssue.
15)PTC India Financial Services: The
company received satisfactory report by the Agency for Specialized Monitoring appointed by the lenders.
16)Emami: The company has increased its stake in its subsidiary company Brillaire Science from 72.02% to 77.53%.
17)Marksans Pharma: The company will consider buyback of shares on July 8.
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