Trending Stocks: Reliance, Nazara Tech, RITES, HUL and others in news today

Vodafone Idea | Nazara Technologies

Vodafone Idea has launched a new proposition for gaming enthusiasts in India – Vi Games on the Vi App – in partnership with Nazara Technologies, an India based diversified gaming and sports media company.

HUL | Nestle

Hindustan Unilever Limited (HUL) and Nestle announced a price hike for products such as tea, coffee, milk and noodles on March 14.

Reliance Industries 

Subsidiary Reliance New Energy has acquired assets of Lithium Werks BV. The company acquired Lithium’s assets for $61 million including funding for future growth. The assets include the entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees as a going concern.

Anupam Rasayan India 

The firm said Afzal Malkani has resigned from the post of Chief Financial Officer of the company due to personal reasons. The company has appointed Amit Khurana as the Chief Financial Officer, with effect from March 15.

Ugro Capital 

The company has received approval for the issuance of 100 Rated, Unlisted, Senior, Unsecured, Redeemable, Taxable, Non-convertible Debentures (NCDs) each bearing a face value of Rs 10 lakh aggregating up to Rs 10 crore, for cash, at par, in dematerialised form, on a private placement basis. 

L&T Finance

L&T Finance and Hero Electric have entered into a partnership to offer consumers easy financing solutions for electric two-wheelers portfolio across its 750-plus dealership network.

Avantel 

The company has received a supply order of loco devices for implementation of RTIS phase – 2 (Real-Time Train Information system). The order is valued at Rs 125.68 crore.

Hindustan Aeronautics (HAL) 

The company has signed a memorandum of understanding (MoU) with Bengaluru-based company SASMOS to work together on advanced electronics, electrical and fibre optic interconnections in the aerospace domain.

RITES 

The company has declared a third interim dividend of Rs 7.50 per share. The record date has been fixed as March 25 for the payment of the dividend.

DLF 

The company is planning to invest close to Rs 550 crore to set up a one million sq ft office building for Standard Chartered Global Business Services’ campus in Chennai which is expected to be up and running by mid-2024, said Sriram Khattar, managing director, DLF on March 14.

Marsons 

The board has approved the purchase of advanced thermoelectric technology to generate cheap sustainable power from waste heat and to reduce global CO2 emissions). The technology will be acquired from US-based company MicroPower Global Limited in lieu of equity shares to be allotted on a preferential basis. The board has also approved the plans for venturing into EPC for setting up electric vehicle charging stations.

Wipro 

The IT services company has bagged a contract from Speira which has operations in Germany and Norway. Over the next five years, Wipro will work to strengthen the technology infrastructure and cybersecurity requirements of Speira.