Stocks that will see action today – December 6
The Reserve Bank of India has approved Canara Bank’s divestment plans for its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively, through an Initial Public Offering (IPO).
Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday. Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd. “Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024,” FSN E-commerce Ventures said in the filing.
Dr Reddy’s Laboratories has said Kazakhstan revenue authority has levied a penalty of ₹28.7 lakh on its subsidiary. The Department of State Revenue, Bostandyk district of Almaty, Kazakhstan has imposed the penalty on Dr Reddy’s Laboratories Kazakhstan LLP towards disallowance of claim of certain expenses by the tax authorities for the calendar year 2021, the drug firm said in a regulatory filing.
Ola Electric informed the exchanges that it has received further communication from Central Consumer Protection Authority (CCPA) seeking additional documents and information from the company. CCPA provides a timeline of 15 days to submit the response.
Market regulator SEBI on Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. SEB also barred Mishtann Foods Ltd (MFL) from raising money from the public as well as prohibited 12 entities, including Hiteshkumar, Navinchandra Patel (CFO), Ravikumar Patel (former CFO) and Jatinbhai Patel (former whole time director) from associating themselves with any SEBI-registered entity or, any listed company or any firm that intends to raise money from the public, until further orders.
Ramco Systems has entered into a partnership with Hanjin Information Systems & Telecommunication (HIST), a leading ICT services company and a subsidiary of the Hanjin Group, Korea. This partnership leverages the company’s next-gen aviation maintenance software in collaboration with HIST’s expertise in IT consulting for the aviation industry. Together, both the parties will enable the aviation organizations headquartered in Korea to digitally transform their M&E and MRO operations.
Narmada Gelatines has purchased 10.03 lakh shares of India Gelatine & Chemicals, which is around 14 per cent of the issued and paid up capital of the latter. The board of the company on December 4 approved the investment of surplus funds of the company.
Waaree Energies has secured NABL accreditation for its cutting-edge PV Module Test Lab (PMTL). Located at Waaree’s state-of-the-art module manufacturing facility in Chikhli, Gujarat, this accreditation further strengthens the company’s deliverance to quality, innovation, and sustainability. This marks Waaree’s second NABL accreditation, following the first achieved for its Tumb manufacturing facility.
Rajoo Engineers Limited, a global leader in plastic extrusion machinery manufacturing, has made a significant leap in precision and quality control with the installation of a modern Coordinate Measuring Machine (CMM). This strategic addition marks a transformative step in the company’s commitment to technological excellence. Located at Rajoo’s manufacturing facility, the newly installed MACH-V9106 CMM, sourced from renowned global technology leader Mitutoyo Japan, represents a major investment in enhancing the accuracy and consistency of Rajoo Engineers’ manufacturing set up. This advanced machine ensures that every product meets the highest quality standards, further solidifying the company’s reputation for reliability and innovation.
Garden Reach Shipbuilders & Engineers, a Central Public Sector Enterprise, on Thursday said it has signed a contract for construction and delivery of the second ship from a series of the four additional 7,500 DWT Multi-Purpose Vessels in Hamburg, Germany. The contracts for the remaining vessels will be communicated when the respective contracts are signed, GRSE said.
