Stock Market Snapshot 12 June 2024

RITES & Andal Diesel shed sign MoU for loco maintenance.

Tata Communications announced a five-year global host broadcasting services deal covering the World Athletics Series of events.

GMR Airports Infrastructure: The Chandigarh bench of the National Company Law Tribunal likely have approved the proposed amalgamation of GMR Airports and GMR Infra Developers into and with the company.

Vodafone Idea likely plans to issue equity shares or convertible securities to Nokia and Ericsson, as the telecom operator seeks to secure equipment to expand its 4G network and roll out 5G services.

World Bank retains India FY25 GDP growth forecast at 6.6%.

Bharti Airtel likely converts Foreign Debt Bonds worth Rs. 417 crore to equity.

Oracle Corp. reported better-than-expected bookings. Oracle also announced cloud partnership deals with startup OpenAI, Microsoft Corp. and Alphabet lnc.’s Google.

Berger Paints India likely is increasing its retail presence in west and south India and adding capacity in the east to meet growth in demand and fend off competition.

HCLTech announced that Deutsche Apotheker- und Arztebank eG has expanded its strategic partnership with HCLTech.

Glenmark Pharmaceuticals – Glenmark Specialty SA(Glenmark) has received final approval by the United States Food & Drug Administration (U.S. FDA) for Esomeprazole Magnesium Delayed-Release Capsules USP.

HCLTech and Olympus Corporation have expanded their strategic partnership to enable advanced and affordable healthcare for patients through cutting­ edge engineering technologies.

lnox Wind: CRISIL has upgraded the rating for Company’s Long-term Bank Facilities to CRISIL A/Stable from CRISIL A-/Stable.

Dollar Industries has signed superstar, Mr Mahesh Babu as their Brand Ambassador for South India

Bharti Airtel: The Board has approved the allotment of 6,934,266 fully paid-up equity shares of face value Rs 5/- each at a conversion price of Rs 518/- per Equity against FCCBs.

Wipro launches Lab45 Artificial Intelligence (Al) Platform to enable companies to realize enhanced efficiencies, transform business functions, and enable industry-specific solutions.

Caplin Point Laboratories: Mr Thiagaraja Manikandan has been appointed as Chief Transformation & Digital Officer with effect from June 11, 2024. He will be responsible for overseeing the Company’s digital initiatives.

Trident Home Tex les Ltd (THTL), the wholly owned subsidiary of Trident Ltd, has made further Investment in its wholly owned subsidiary namely Trident Global B.V.’, (a step down subsidiary of Trident Ltd).

Suprajit USA Inc, the wholly owned subsidiary of Suprajit Engineering Limited has set up its wholly owned subsidiary in Canada “Suprajit Canada Limited” for the acquisition of the business of Stahlschmidt Cable Systems.

IOL Chemicals: European Directorate for the Quality of Medicines & Health Care (EDQM) has issued a Certificate of Suitability for Allopurinol. This certification will enable the Company to export this product in European and other CEP accepting countries.

TCS has launched the Bringing Life to ThingsTM Lab in Cincinnati, Ohio. The lab is designed to support The rapid prototyping, experimentation, and large­ scale implementation of Al, GenAI,and loT engineering solutions, enabling TCS to assist clients in Bringing innovative solutions to life faster and more Efficiently .

HCL Technologies : Deutsche Apotheker- und Arztebank eG (apoBank), Germany’s largest cooperative primary bank, has expanded its strategic partnership with the company.

B.L. Kashyap and Sons Ltd has secured two new orders aggregating to Rs 1,021 crores approx. The total order book as on date stands at Rs 3,545 crores (excluding GST).

NHPTL has approved the transfer of 1.32 crore shares from NHPC to Power Grid Corporation of India Ltd, in line with the Supplementary JV Agreement signed between JV Partners of NHPTL.

TVS Supply Chain Solutions Ltd announced a new 5- year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore.

LTIMindtree announces the inauguration of its regional headquarters in Saudi Arabia’s capital, Riyadh, as part of the expansion in KSA and the Middle East.

Tube Investments of India Ltd (Tll) and Tl Clean Mobility Pvt Ltd (TICMPL), a subsidiary of Tll, have entered into Definitive Agreement(s) with South Asia Growth Invest Ill LLC and South Asia EBT Trust Ill (collectively referred as “GEF”) for additional subscription towards Compulsorily Convertible Preference Shares for Rs 160 crore in TICMPL.