IRCTC
The Ministry of Railways has withdrawn its decision to terminate all existing contracts of mobile catering (currently kept in abeyance) involving the scope of work of providing cooked food to passengers prepared from base kitchens as per the existing terms and conditions. In a separate release, the ministry has conveyed the decision to resume the services of cooked food in trains.
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Motherson Sumi Systems
Ningbo SMR Huaxiang Automotive Mirrors (SMR-NBHX), a 50:50 joint venture in China between Samvardhana Motherson Reflectec and Ningbo Huaxiang Electronic Co (NBHX Trim Group), has completed the acquisition of a 60 percent stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co Ltd.
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Cipla
The company’s officials will meet Stewart Investors on November 22, and Aikya Investment Management on November 23.
Cadila Healthcare
Zydus Cadila has received final approval from the USFDA to market Decitabine for injection in the strength of 50 mg/vial single-dose vial. Decitabine is used to treat myelodysplastic syndromes, certain types of blood or bone marrow cancer.
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Asian Paints
The company’s officials will meet Marcellus Investment Managers on November 22, and Enam Asset Management on November 23.
Kesoram Industries
Board approved to raise funds up to Rs 2,500 crore by way of equity, bond, FCCB, ADR, GDR, commercial paper, and/or other debt instruments. This fundraising is primarily to retire the company’s existing debt and bring down the cost of borrowing.
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India Grid Trust
The consortium of IndiGrid 1 and IndiGrid 2 participated in the tariff-based competitive bidding to establish ‘Transmission system for evacuation of power from Renewable (RE) projects in Osmanabad area (1 GW) in Maharashtra’ on build, own, operate, and maintain (BOOM) basis by REC Power Development and Consultancy. The estimated cost for the same is around Rs 170 crore. The company awaits receipt of a Letter of Intent.
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Shoppers Stop
The company’s officials will meet Blue Coast Capital (a UK-based Fund) on November 22.
Amber Enterprises India
The company and its subsidiary IL JIN Electronics India have received approval from the Ministry of Commerce & Industry under the Production-Linked Incentive scheme for white goods (air conditioners).
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Symphony
The company’s officials will participate in Motilal Oswal Ideation Conference, 2021, on December 3.
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