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Vodafone Idea: Debt-ridden telecom company Vodafone Idea Limited has signed a major deal worth $3.6 billion or Rs 30,000 crore with Nokia, Ericsson and Samsung for the supply of network equipment in the next three years. The company has made a capex plan of $6.6 billion in 3 years. Under this capex plan, the scope of 4G coverage is to be increased from the current 100 crore people to 120 crore people. Apart from this, 5G is to be launched in major markets and capacity is to be expanded towards data growth.

 

 

HFCL: The company has signed a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI). Under the agreement, the company has been selected to develop and supply critical sub-systems for GA-ASI's advanced unmanned aircraft systems (UAS). The company's shares closed at Rs 161.75 with a gain of 4.49 percent.

 

 

Hind Rectifiers: The company has received a big order from the Indian Railways. The company has said that this is a supply order whose size is more than Rs 200 crore. Hind Rectifiers designs and manufactures electrical and electronic equipment. Apart from railways, the company is providing its services to the defense sector, aviation sector, atomic power plant, chemical sector, oil and gas and petrochemical sector. The company's stock closed at Rs 817 on Friday with a rise of 2.31 percent.

 

 

Glenmark Pharm: The pharma company has said that its formulation manufacturing facility located in Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra has successfully cleared the inspection of the US Food and Drug Administration (USFDA) without any objections. The unit was inspected from September 9 to September 20, 2024, in conclusion USFDA has issued Form 483 with no objections. On Friday, the company's stock closed at Rs 1,615, down 2.11 per cent.

 

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PSU Stocks: NSE has announced that all government companies will come under the purview of the measures set for additional surveillance. Till now, government companies were kept out of the purview of the exchange's surveillance conditions. SEBI said in its release that to provide stability to the market and protect the interests of investors, SEBI and the exchange have been taking pre-determined surveillance measures from time to time. Now public sector undertaking companies will also be brought under their purview.

 

Adani Total Gas: Adani Total Gas Limited (ATGL), a city gas joint venture between Adani Group and France's Total Energies, on Friday (September 20) informed that it has successfully secured a $375 million financing package from a global lender. This financing is the largest global funding initiative in the CGD (city gas distribution) business and is designed to accelerate Adani Total Gas' network infrastructure development program. The company's stock closed at Rs 790 on Friday with a gain of 1.78 per cent.

 

 

Aditya Birla Capital: The company on Friday announced an investment of Rs 60 crore in its wholly-owned subsidiary Aditya Birla Capital Digital through a rights issue. The investment, disclosed in a regulatory filing, will not change the parent company's 100 per cent ownership stake in its unit, Aditya Birla Capital, which is set to become a non-banking financial company (NBFC) after a merger with another unit.

 

SpiceJet: The company said on Saturday that the board has approved the issuance of 48,70,12,986 equity shares at an issue price of Rs 61.60 per equity share under Qualified Institutional Placement (QIP). Its total value is Rs 2,999,99,99,937.60 at a premium of Rs 51.60 per equity share, which includes a discount of Rs 3.19 per equity share on the floor price.

 

 

HDFC Bank: HDB Financial Services, a subsidiary of the country's largest private bank HDFC Bank, is planning to bring an Initial Public Offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 2,500 crore and an offer for sale (OFS) by existing and eligible shareholders. According to reports, the IPO is expected to get a valuation of around $7-8 billion and its listing can be seen by December or by the end of the current financial year.

 

RIL; The company has informed that the last date for payment of call money for these PP share holders has been extended. As per the earlier announcement, the last date for payment was ending on 20th September. The company has decided that if the outstanding call money and interest on it is not paid by 7th October, then such PP shares will be cancelled. In Friday's trading, the stock of Reliance Industries closed at 2973 with a gain of more than 1 percent.

 

 

Godfrey Phillips: The decision to issue bonus shares in the board meeting has been postponed for now. The company's board meeting was held today to consider bonus shares. It has been said that Godfrey Phillips needs clarification from RBI on issuing bonus to non-resident shareholders. Non-resident shareholders include people coming under FDI and FPI. Now the decision to issue bonus shares will be reconsidered after getting the necessary approval from RBI. The company's stock closed at Rs 7,630 on Friday with a decline of 1.90 percent.

 

Aarti Drugs: USFDA has issued Form 483 with seven objections for its API manufacturing unit located in Tarapur. None of these comments are related to data integrity. The unit was inspected between September 12-20, 2024.

 

 

Mankind Pharma: The company's board has approved raising up to Rs 10,000 crore through NCDs and commercial papers on a private placement basis. In an exchange filing, the company said that the board of Mankind Pharma has constituted and authorized a fund raising committee to take all necessary actions including finalizing the terms of the issuance, allotment of NCDs and CPs and other related matters.

 

Ramco Cements: The company has increased its cement grinding capacity from 23.14 MTPA to 24.04 MTPA by investing Rs 58 crore. The capacity of both the company's Kalavatala plant in Andhra Pradesh and Valapady grinding unit in Tamil Nadu has been increased. The capacity at Kalavatala has been increased from 1.5 MTPA to 2 MTPA. Apart from this, we have increased the cement grinding capacity from 1.6 MTPA to 2 MTPA at our Valapady grinding unit located in Salem district of Tamil Nadu, the company said in an exchange filing.

 

 

Dreamfolks : The company has issued a statement on temporary disruption in services. The company has said that we are currently addressing a temporary disruption in our services. The company says that our team is working with our partners to find the root cause and resolve it as soon as possible. The company's stock closed at Rs 501.45 with a gain of 1.30 per cent on Friday. The 52-week high of the stock is Rs 582 and in the last one year, the company's stock has seen a gain of 6.91 per cent.


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