Stocks that will see action today: January 17
Results Calendar: 5Paisa Capital, Wipro, Tech Mahindra, SBI Life Insurance Company, ICICI Lombard General Insurance Company, Indian Hotels, Jio Financial Services, Aether Industries, Concord Enviro Systems, Ganesh Housing Corporation Ltd, Mamata Machinery, Mangalam Industrial Finance Ltd, MRO-TEK Realty, Ponni Sugars (Erode), Rallis India, Ramkrishna Forgings, Sanathan Textiles, Sarda Proteins Ltd, Seshasayee Paper & Boards, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies, Swaraj Engines, Vinyl Chemicals
Indian Bank on Thursday said banker Binod Kumar has taken over as its Managing Director and Chief Executive Officer, with immediate effect. He succeeds Shanti Lal Jain.
Bajaj Healthcare Ltd has received an exclusive right for manufacture, distribution and sales of the finished formulation of the Product Magnesium L Threonate (Magtein) in India from the rights holder, Threotech LLC. It also gave the company rights to enter into marketing collaborations with leading branded pharmaceutical firms for the Indian market.
Ravindra Energy has received a Letter of Award from ‘Maharashtra State Electricity Distribution Company Ltd (MSEDCL), to develop and operate 44 MW(AC) of decentralised feeder level PV solar projects. The Letter of Award has been issued under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY), a scheme launched for implementation of feeder level solarisation under Component C of the PM-KUSUM Scheme of the Maharashtra government.
Bharat Petroleum Corporation Ltd has executed a loan agreement of ₹31,802 crore with State Bank of India consortium, to finance projects planned at Bina.
AlA Engineering has completed setting up of a Rubber and Composite Liners Plant at GIDC Estate, Village – Kerala, Bavla, Taluka Dholka, Ahmedabad. The plant started commercial production on January 16.
IDFC FIrst Bank has informed the exchanges that NSE has levied a fine of ₹15,90,000 in a matter pertaining to IDFC Limited (later merged with IDFC FIRST Bank) regarding delay in compliance of Regulation 17(1) of the SEBI LODR, where the composition of the board of directors of IDFC Ltd fell below the requisite limit.
Indian Renewable Energy Development Agency has initiated a joint venture agreement for a hydroelectric power project, which is non-binding, with GMR Energy Ltd, GMR Power and Urban Infra Ltd, GMR Lion Energy Ltd (Mauritius), SJVN Ltd, Nepal Electricity Authority – an Undertaking of the Govt of Nepal – and GMR Upper Karnali Hydropower Ltd, Nepal.
AstraZeneca Pharma India Ltd received permission to import pharmaceutical formulations of new drug for sale or for distribution in Form CT-20 from the Central Drugs Standard Control Organisation for Eculizumab concentrate for solution for infusion 300 mg (10mg/ml) (SOLIRIS). Eculizumab is indicated for the treatment of patients with Paroxysmal Nocturnal Hemoglobinuria (PNH) and atypical Hemolytic Uremic Syndrome (aHUS) to inhibit complement–mediated thrombotic microangiopathy.
MobiKwik has partnered with Piramal Capital & Housing Finance Ltd to provide personal loans to its customers, the company said in a regulatory filing. Through this partnership, MobiKwik users will now be able to apply for and access personal loans seamlessly through the platform.
HFCL has secured an Advance Work Order aggregating to ₹2,501.30 crore for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet Phase III in the Punjab Telecom Circle, from Bharat Sanchar Nigam Ltd.
Gadag II and Koppal II Transmission Ltd and Bijapur Rcz Transmission Ltd, two wholly-owned subsidiaries (of PFC Consulting (wholly-owned subsidiary of Power Finance Corporation Ltd), have been transferred to Power Grid Corporation of India for ₹13.24 crore and ₹11.40 crore, respectively.
Mastekhas appointed Umang Nahata as a Whole-Time Director, designated as Chief Executive Officer – Mastek Group, for a term of three years effective January 16, 2025.
Satin Creditcare Network informed the exchanges that Dhiraj Jha has resigned as Chief Risk Officer effective January 16. The board has appointed Vikas Wadhera in his place.
The IRCTC board has appointed Sudhir Kumar, GGM (Finance), as Chief Financial Officer (CFO) (Key Managerial Personnel) with effect from January 16, 2025.
TVS Motor Company has entered Morocco in collaboration with its distribution partner, Hindi Motors. It will launch two-wheelers — TVS Ntorq 125, TVS Raider 125, and TVS Apache 160 and 200 — in Morocco.
