* Shiva Cement: The board approved the issuance of shares worth Rs 400 crore by way of rights
issue.
* Bharat Heavy Electricals: The company has received an order worth Rs 4,000 crore from Adani
Power for setting up a thermal power plant in Chhattisgarh.
* NHPC: The board approved plans to borrow Rs 6,100 crore from the market in tranches for FY25.
It also gave in-principle approval for the closure of Loktak Downstream Hydroelectric in Manipur, subject to government approval.
* Tata Elxsi: The company and Dräger, a global leader in medical and safety technology, have announced a collaboration to advance critical care innovation in India.
* UltraTech Cement: During its capacity expansion programs, the company identified opportunities for debottlenecking across various locations, including its wholly-owned subsidiary. Some of these have since been completed and stabilized, resulting in an additional production capacity of 2.4 metric tonnes per annum. The total domestic grey cement manufacturing capacity stands at 140.8 metric tonnes per annum. It will acquire a 26% stake in 02 Renewable Energy for Rs 15.7 crore.
* LIC: The insurer has filed appeals before tax authorities in Ahmedabad and Bangalore on certain
GST demands.
* Dr Reddy's Labs: The drugmaker entered into an exclusive distribution partnership with Sanofi Healthcare India to promote and distribute the SHIPL vaccine brands in India, including well-established pediatric and adult vaccines.
* Texmaco Rail & Engineering: The company's Rs 250-crore QIP saw the participation of Samena Capital, Abu Dhabi Investment Authority, Societe Generale, and Mahindra Manulife Mutual Fund.
* GOCL Corp: The company entered into an MoU with Squarespace Infra City, Hyderabad for the monetization of approx. 264.50 acres of land situated at Kukatpally, Hyderabad.
* Maruti Suzuki: shuffles senior management; Partho Banerjee to head marketing & sales.
* REC: The company approved a Rs 1.6 lakh crore market borrowing plan for FY25 through different instruments.
* Zydus Lifesciences: The USFDA inspected the SEZ Onco Injectable Manufacturing Plant in Ahmedabad, which closed with four observations.
* Balmer Lawrie & Company: The company will set up a free trade warehousing zone in the Special Economic Zone of Jawaharlal Nehru Port Authority near Mumbai on a land parcel of approximately 15 acres and invest Rs 230 crore.
* Blue Dart: The company introduced a 20-hour delivery service to GIFT City from major metros through a fleet of eight Boeing aircraft.
* Cyient: The company announced a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer, on the detailed design for manufacturing of the rear fuselage section for the 40-seater D328eco regional turboprop aircraft.
* Alkem Lab: US FDA issued form 483 with 10 observations for the company’s manufacturing facility at Baddi. The US FDA inspected the company’s Baddi Manufacturing facility from March 19-27, 2024.
* Axis Bank: revises lounge access rules for select debit cards, effective May 1.
* Info Edge: The company has agreed to invest Rs 30 crore in Naukri Internet Services.
Aditya Birla Capital: The company has invested Rs 18 crore in Aditya Birla Capital Digital.
* Zaggle Prepaid Ocean Services: The company will acquire a 45% stake in Span Across IT Solutions for Rs 24.75 crore to enter a new segment of employee-related business.
* Exide Industries: The company invested Rs 34.99 crore in subsidiary Exide Energy Solutions on a rights basis. With this investment, the total investment stands at Rs 2,000 crore.
* SRF: The company has given Rs 190 crore in corporate guarantees on behalf of its wholly-owned subsidiary, SRF Industries (Thailand).
* Himatsingka: The company has made a further investment of Rs 16.64 crore in unit Himatsingka
Holdings NA Inc.
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