Stocks in news: ZEE, Bajaj Auto, Tata Motors, Metropolis Healthcare, Aurobindo Pharma
The much anticipated merger between Zee Entertainment and Sony’s India arm may not go through with Sony likely to issue a termination notice, Bloomberg reported.
Bajaj Auto approved buyback of shares worth Rs 4,000 crore through the tender offer route.
Stellaris Ventures Partners, one of the early stage investors in Mamaearth parent Honasa Consumer, sold partial stake in the company through bulk deals on Monday.
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The company witnessed an early double-digit growth in revenues for its core business. Margins for Q3FY24 are slightly lower YoY partly impacted by the situation in Chennai and Tamil Nadu in December.
The company has signed a memorandum of understanding (MoU) with Tamilnadu Industrial Development Corp to invest over Rs 800 crore in the state in next 5 years.Aurobindo Pharma
The USFDA had conducted an inspection at the company’s Telangana unit and issued a report classifying the facility as “Voluntary Action Indicated.”
Oil India has entered into a joint venture agreement with Assam Power Generation Corp for cooperation in renewable and green energy.
Eicher Motors announced that Royal Enfield will invest about Rs 3,000 crore for brownfield and greenfield projects in Tamil Nadu.
Fino Payments Bank
Fino Payments Bank is seeking a small finance bank (SFB) license from the Reserve Bank of India.
JLR reported increased sales volumes for the third quarter of FY24, reflecting improvements in supply as more vehicles were delivered to clients.