Dr. Reddy's, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, and Whirlpool of India are some news stocks
After a five-day sell-off brought on by the hawkish tone of the US Fed, indian benchmark indexes saw a robust recovery on Monday. The BSE Sensex ended the day at 78,540.17, up 498.58 points, or 0.64 percent. The Nifty50 of the NSE surged 165.95 points, or 0.7%, to close at 23,753.45. Before the opening bell on Monday, december 23, 2024, the following stocks might continue to be in the news:PG Electroplast and Whirlpool of India: The two companies have reached a final agreement for the contract manufacturing of a few models of semi-automatic washing machines bearing the Whirlpool brand. At its Roorkee facility, PG Electroplast will produce a few of the Whirlpool SKUs.
Dr. Reddy's Laboratories: Dr. Reddy's finland Oy, a new wholly owned subsidiary in finland, has been created by the pharmaceutical major's wholly owned subsidiary Dr. Reddy's Laboratories SA, Switzerland. As a result, Dr. Reddy's finland Oy is currently a fully owned step-down subsidiary of the business.TVS Motor Company: The automaker has successfully acquired 7,914 equity shares, or a 39.11 percent ownership, in DriveX from its current shareholder. DriveX has now become a subsidiary of the corporation, and the company's ownership of DriveX has grown to 87.38% as a result.
Bharat Forge: The Board has given the forging company permission to invest $64.50 million in Bharat Forge America Inc., a subsidiary. The full money that has been infused will be used to pay off debt.HG Banaskantha Bess, a subsidiary of HG Infra Engineering, has signed a long-term battery energy storage purchase deal with NTPC Vidyut Vyapar Nigam for the acquisition of 185 MW/370 MWh.
Ramky Infrastructure: The civil construction business has received warning letters from the NSE and BSE, instructing it to make sure that all relevant regulations regarding the conduct of risk management meetings are followed. A meeting of the company's risk management committee was held with a 180-day interval between meetings.Allcargo Gati: The logistics company's board has given its approval for the Rs 3 crore sale of the gasoline station located in Belagavi, Karnataka. By january 2025, the sale deal will be finalised.
With effect from december 23, Thomas George and Thomas john muthoot have stepped down as the company's managing director and non-executive chairman, respectively, of muthoot capital Services. Tina Suzanne George and Ritu Elizabeth George have been appointed as Executive director and Additional Non-Executive director, respectively, by the Board.Symphony: On june 28, 2023, the home appliance manufacturer signed a second addition to the loan arrangement with Symphony AU Pty, its Australian subsidiary. The amount of the arrangement has grown from A$ 10 million to A$ 15 million.
MMTC: Because the stakeholders' relationship committee was not held in FY24, the metal trading business has been issued a warning notice by the NSE and BSE. It gave the conversations the assurance that this wouldn't happen again.MIC Electronics: For GPS location-based Public Address & Passenger Information System (PAPIS) and LED destination boards in AC and non-AC ICF & LHB coaches, the Competent Authority has authorised the company's capacity and capability assessment (CCA).
Nava: A 1:2 division of the company's equity shares has been approved by shareholders, converting the current 1 equity share with a data-face value of Rs 2 apiece into 2 equity shares with a data-face value of Re 1.