Stock Market Snapshot 15 June 2024

Jubilant Pharma Holdings Inc., USA (‘JPHI’), a wholly owned subsidiary of Jubilant Pharma Ltd, has Issued a notice to its lenders to voluntary prepay USD 75 million term loan by the next interest payment date i.e. 24th June 2024.

Blue Dart has announced the appointment of Dipanjan Banerjee as the Chief Commercial Officer (CCO) of Blue Dart Express, effective June 2024.

TARC: The Board has approved for raising funds from Banks/NBFCs and/or flesh issuance of NCDs On Private placement basis not exceeding Rs 750 Crores to refinance the existing NCDs of the Company.

Adani Power: A wholly owned subsidiary with the name “ADANI POWER GLOBAL PTE. LTD.” Has been Incorporated in Singapore on June 14, 2024.

Wipro has been chosen by Hanesbrands Inc., a Global leader in iconic apparel brands, to further – drive its digital transformation, business growth, and enhance long term profitability.

Butterfly Gandhimathi: Mr. Vaibhav Kunkolienkar, Head – Procurement, Senior Management Personnel of the Company has tendered his resignation due to - personal and professional reasons.

Roto Pumps bags an order of Rs 14.4 crore from GPS Renewables Pvt Ltd.

Nestle India: Mr. Vasudevan Krishnan, currently Business Manager – Speciality Imports, has been Nominated to succeed Mr. Arpindarjit Singh Chadha, As BEO of Exports & Imports Business (Senior Management Personnel).

Rail Vikas Nigam emerges as the Lowest Bidder of a Rs 160 crore project of East Coast Railway.

Havells to invest Rs 50-60 crore in air conditioner Manufacturing capacities. The company plans to Expand the existing manufacturing capacities of Air Conditioners 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.

Tata Consultancy Services: United States District Court, Northern District of Texas, Dallas Division has – levied penalty of USD194.25 million on the company for misappropriation of its trade secrets.

RITES has signed an MoU with Damodar Valley Corporation (DVC) to collaborate for the Comprehensive maintenance and operational Management of railway sidings, signalling and telecommunication (S&T) systems, and 25KV Overhead Electrification (OHE) Isolators across DVC’s private railway network in West Bengal and Jharkhand.

Bharti Airtel prepays Rs 7,904 crores to clear high cost deferred liabilities for spectrum acquired in 2012 and 2015.

IDFC First Bank: The RBI has approved the re­ appointment of Mr. Sanjeeb Chaudhuri as the Part­ Time Chairman of the Bank, for period from August 25, 2024 to May 09, 2027.