Stock Market Snapshot 18 June 2024

The ICAR-National Bureau of Soil Survey & Land Use Planning (NBSS&LUP), Nagpur signed a MoU with Coromandel International to develop soil test based nutrient advisory for farmers of Maharashtra

Alembic Pharmaceuticals has received USFDA Final Approval for lcatibant Injection, 30 mg/3 ml (10 mg/ml) Single-Dose Prefllled Syringe. This is the First peptide product approval from the USFDA received by the Company.

Lupin appoints Mr. Abdelaziz Toumi as Chief Executive Officer, effective June 17, 2024, of Lupin Manufacturing Solutions, newly formed subsidiary of the Company.

Wipro and GBST have entered into a strategic partnership aimed at delivering end-to-end Administration services for superannuation, wealth, And pensions companies transitioning from legacy IT environments.

BLS International: BLSE-Services Ltd signs definitive Agreement to acquire 55% controlling interest in Aadifldelis Solutions Pvt. Ltd. And its affiliates (ASPL), one of the largest players in India in the distribution and processing of loans.

Mahindra Lifespace Developers: Mr. Rajaram Pai, Chief Business Officer – Industrial, categorized as Senior Management Personnel of the Company, has Tendered his resignation with effect from close of business hours on July 31, 2024.

Allcargo Terminals’ CFS volumes for the May 2024 was 52.6 ‘000 TEUs’ an increase of 2% over May 2023 and 3% over April 2024.

HFCL is the only Indian Company against which no Anti-Dumping duty has been determined by European Commission on export of Optical Fiber Cables to European countries.

ICA Pidilite, a joint venture of the Pidilite Industries and lndustria Chimica Adriatica SPA, Italy, has entered into an agreement with lndustria Chimica Adriatica.

Sun Pharma and Israel-based Moebius Medical Limited presented data demonstrating the durability Of pain relief achieved in symptomatic knee OA patients through 26 weeks post injection of MM-II.

The ICAR-National Bureau of Soil Survey & Land Use Planning signed a Memorandum of Understanding with Coromandel International Limited to enhance the dissemination of improved soil test-based crop nutrition management to benefit the farmers in Maharashtra.

Hindustan Aeronautics Ltd – Request for Proposal (RFP) has been issued by the Ministry of Defence For procurement of 156 Light Combat Helicopter (90 nos. for IA and 66 nos. for IAF).

Pidilite Industries has received an Order from the Commissioner of Customs imposing a fine of Rs. 4,20,00,000/- and penalty of Rs. 12,77,08,366 /- under applicable provisions of the Customs Act, 1962.

The Bombay High Court has restrained Astral Ltd from manufacturing, distributing or selling its solvent cement products ‘Solvobond’ in containers identical to those used for M-Seal PV Seal until further orders.

Vodafone Idea has proposed borrowing Rs. 230 billion from banks in term loans and sought another Rs.100 billion in bank guarantees.

Zydus Lifesciences: The US Food and Drug Administration has classified the company’s unit in the Pharmez Special Economic Zone, Gujarat, as ‘official action needed’.

USFDA concluded a GMP inspection of Biocon’s API facility (Site 6), located at Visakhapatnam ,Andhra. Three observations were cited at the end of the Inspection.

lnterGlobe Aviation finalized an amendment to the existing agreement with International Aero Engines, LLC , an affiliate of Pratt & Whitney pursuant to which IAE will provide lndiGo with a customized compensation in relation to unavailability of engines.

Zee Entertainment: Mr. Rohit Kumar Gupta, Chief Financial Officer and Key Managerial Personnel of the Company, decided to step down from his position due to personal reasons.

Cipla Limited announced that its wholly-owned subsidiary in United Kingdom, Cipla (EU) Limited will Invest an additional EUR 3 million in Ethris GmbH.

Bharti Airtel: Wynk Music has achieved an industry­ leading milestone of an impressive 1.7+ billion streams for songs by independent artists of Wynk Studio – the launch pad for budding music artists taking their songs to a nationwide audience.

The Buildings & Factories (B&F) vertical of Larsen & Toubro (L&T) has won multiple orders in India.

In May, lndiGo’s local passenger market share increased to 61.6% from 60.6% in April.

Vodafone Idea likely to offer more shares in future to its vendors, including two European network Vendors-Finland’s Nokia and Sweden’s Ericsson-to clear its remaining legacy operational dues.