Stock Market Snapshot 14 June 2024

Zydus Lifesciences Limited has received tentative approval from the United States Food and Drug Administration to market Azilsartan Medoxomil and Chlorthalidone Tablets.

India May WPI Inflation At 2.61% Vs 1.26% (MoM).

Dixon Technologies India likely has lined up Rs. 1,500-1,800 crore investment over the next three years to expand production capacity and component manufacturing.

NTPC Green Energy likely is in talks with Hindustan Petroleum Corporation and Hindalco Industries to supply these companies with green hydrogen.

Trent likely will increase the number of launches of Its supermarket and hypermarket chain Star Bazaar, as it positions the business, which is operated as part of its 50:50 joint venture with UK-based Tesco.

National Aluminium Company Limited – NALCO has executed a Mining Lease deed with the State Government of Odisha over an area of 697.979 hectares for Bauxite Mines in Pottangi Tehsil, Koraput District.

Havells India Limited is planning to expand its existing manufacturing capacities of AirConditioners at Ghiloth and Sricity locations to 15 lakh units per annum at each location, from the Existing 9 lakh and 11.2 lakh units, respectively.

Wipro announced a strategic collaboration with Siemens to transform automotive software development through the integration of the PAVE360 TM software and digital twin technologies from Siemens with Wipro’s automotive engineering and digital transformation capabilities.

Astec Lifesciences: India Ratings has reaffirmed the credit rating assigned to Rs 50 crore Non­ convertible Debentures (NCDs) of the Company at ‘IND AA-‘.

Ambuja Cements: The Board has approved the acquisition of 100% stake in Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 core. PCIL has 14 MTPA capacity in Andhra Pradesh, Telangana, and Rajasthan (underconstruction).

Cupid Ltd has received an initial order from Cipla Health to manufacture a range of male condoms Under the Cipla brand.

Suven Pharmaceuticals Ltd has executed definitive agreements for acquiring 100% of equity shares (on a fully diluted basis) in Sapala Organics Pvt Ltd.

DCX Systems has received contracts/orders for Rs 32 crore from Domestic and Overseas Customers.

RITES has signed a MoU with Delhi Metro Rail Corporation Ltd. (DMRC) for collaboration in comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, maintenance of Railway Infrastructure, etc. in India and abroad.

Wipro announced a strategic collaboration with Hewlett Packard Enterprise (HPE) to launch a GenAI Solution within the new Customer Experience Center § (CEC) at the Wipro Cloud Studio’s Kodathi office to Serve customers globally.

Music Broadcast announces the launch of ‘SMINCO.in’ a Social Media Influencer Confluence. This automated multi-sided influencer marketing & Platform is the latest innovation set to reshape the influencer market.

Atul Auto Ltd has incorporated a new Subsidiary Company by name Atulease Pvt Ltd.