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04 March 2024 02:00

STOCKS IN ACTION 4 March

SMSPharma: says European Directorate for the Quality of Medicines & HealthCare conducted a GMP inspection of the Company’s Active Pharmaceutical Ingredient (API) manufacturing facility located in Andhra Pradesh from February 28 to March 1. The report is awaited

Pidilite: has launched its new product Fevikwik Gel
Read more on what Manish Dubey, chief marketing officer (CMO) of Pidilite Industries said

PatelEngineering: JV receives Letter of Acceptance for project worth Rs 525.4 cr, co’s share is Rs 268 cr

Zee Entertainment Enterprise: A Delhi court has ordered Bloomberg to take down an article that alleged corporate governance issues at the company and reported that the market regulator has found a $241 million accounting issue at the company.

One 97 Communications: The Financial Intelligence Unit of India has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violations of the bank's obligations under the Prevention of Money Laundering Act, 2002.

Jio Financial Services: The Bombay Stock Exchange announced its periodic reconstitution of
S&P BSE Indices on Thursday, with Jio Financial Services being the only addition to the S&P BSE
Large Cap.

Axis Bank: The company approved the raising of Rs 4,000 crore via long-term bonds, non-convertible debentures, and other debt instruments. The fundraise will have a base issue size of Rs 1,000 crore and a green shoe option of Rs 3,000 crore.

Asian Paints: The company will set up a new water-based paint manufacturing facility in Madhya Pradesh with a capacity of 4 lakhs KL per annum. The approximate investment for the facility is Rs 2,000 crore.

Torrent Power: The company received a Rs 2,700 crore order from Railway Energy Management for installing about 325 MW of renewable capacity. The company received a letter of award from NTPC Vidyut Vyapar Nigam to supply power from a a gas-based power project.

Info Edge: Google removes Info Edge's job search app Naukri and property search app 99acres from Play Store enforcement action.

Tanla Platforms, Vodafone Idea: Tanla Platforms has signed a definitive Memorandum of Understanding with Vodafone Idea Business Services Ltd. to deploy 'Messaging as a platform' in India.

Cipla: The U.S. FDA conducted a pre-approval inspection at the manufacturing facility in China from Feb. 26 to March 1 and concluded with zero Form 483 observations.

PVR Inox: The company opened a 4-screen multiplex in Patna and a 14-screen multiplex in Pune.

Larsen and Turbo: The company's arm has transferred the remaining 25% stake in step-down unit
IIML to Allianz Infrastructure Luxembourg on Feb. 29.

Maruti Suzuki India: The company reported total production volume at 1.78 lakh units vs. 1.59 lakh units year-on-year for the month of February.

Hero MotoCorp: The company reported total sales at 4.68 lakh units vs. 3.94 lakh units year-on-year and total exports at 23,153 units vs. 12,143 units.

Welspun Corp.: The company's unit proposed to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh for an investment of Rs 400 crore.

Rainbow Children Hospital: The company has inaugurated a new 80-bed hospital in Tamil Nadu.
After this, the total bed capacity of the company will increase to 1,885 beds. The total project cost is Rs 60 crore.

Lemon Tree: The company signed a franchise agreement for an upcoming hotel in Udaipur, Rajasthan, under its brand, 'Keys Lite'.

PFC: The company incorporated Bhuj II Transmission for the development of 'Augmentation of Transformation Capacity at Bhuj-11 PS and Angul Sundargarh Transmission for the development of 'Eastern Region Transmission Limited Generation Scheme-l'.