[ad_1]
Larsen & Toubro: The company has won a contract worth Rs 32,400 crore for Phase II of Saudi Aramco’s Jafura unconventional gas development project, according to a Morgan Stanley note. The order entails two packages, including the development of a gas processing plant with main processing units and the construction of gas compression units.
Tata Steel: The steelmaker’s unit Tata Steel Special Economic Zone has tied up with AVAADA Group to set up a green hydrogen and ammonia manufacturing unit in Odisha.
LTIMindtree: The IT company has launched two industry solutions — AdSpark and Smart Service Operations — to accelerate the time-to-market for businesses on the Salesforce platform.
Mazagon Dock Shipbuilders: The company has signed a Master Ship Repair Agreement with the U.S. government. The agreement is expected to open-up voyage repairs of US Navy Ships at MDL.
Exide Industries: The company plans to invest Rs 100 crore in subsidiary Exide Energy Solutions via rights issue. The unit is involved in manufacturing of advanced chemistry battery cells.
JB Chemicals & Pharmaceuticals: Lakshay Kataria to resign as CFO effective Nov. 30.
Bajaj Finserv: Subsidiary Bajaj Allianz General Insurance reported gross direct premium underwritten for August at Rs 1,677.87 crore, and the premium in the current financial year up to August at Rs 9,228.81 crore. Bajaj Allianz Life Insurance’s total premium for August stood at Rs 926.41 crore and premium in the current financial year up to August at Rs 3,828.06 crore.
Shemaroo Entertainment: The company’s MD, CEO and CFO have been granted bail on Thursday after tax authorities carried out search operation and detained them earlier this week. The company said it is contesting allegations in accordance with law.
Campus Activewear: Piyush Singh resigned as COO with effect from Dec. 2.
Sterlite Technologies: The company has partnered with TruVista, a provider of broadband services and applications, to drive the growth and enhancement of South Carolina’s rural connectivity infrastructure. TruVista is investing over $12 million in rural broadband, a significant portion of which will be dedicated to South Carolina.
Jupiter Life Line Hospitals: The IPO has been subscribed 3.30 times on its second day. The bids were led by non-institutional investors, subscribed 6.63 times, retail investors, subscribed 3.08 times, and institutional investors, subscribed 1.12 times. The IPO was subscribed 87% on day 1.
EMS: The water and sewerage infra player’s IPO opens on Friday. It comprises fresh issue of equity shares worth Rs 146.24 crore and an Offer For Sale of 82.94 lakh shares by promoter and founder Ramveer Singh. It has raised Rs 96.37 crore from anchor investors.
[ad_2]
Source link