RIL Jio to transfer fibre, tower businesses into separate units
Reliance Industries Reliance Jio Infocomm is planning to transfer fibre and tower businesses into two separate companies on a going concern basis. The news had a marginal impact on the company shares which were trading 0.22% up on the BSE on Wednesday. "The board of directors of the company, at its meeting held yesterday, accorded its approval to a scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate company," the company had said in a press note to the exchanges aftermarket hours on Tuesday.
McDonald opens new store in Thiruvananthapuram
Shares of Westlife Development, the holding company of McDonald's-operator Hardcastle Restaurants, was trading ~3% higher after the company announced the opening of a new store in Thiruvananthapuram.
Hardcastle Restaurants, the master franchise of McDonald in West and South India, announced the launch of the first McDonald in the city on Wednesday.
ACC gains 2% after board approves expansion plans
Shares of ACC were trading 2% higher in the afternoon session on Wednesday after the company board approved expansion plans worth Rs3, 000cr. Accordingly, the board has approved a proposal for setting up a Greenfield Integrated Cement Plant at Ametha in Madhya Pradesh with a clunker capacity of 3MTPA and cement capacity of 1MTPA. This also includes "expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh," the company said in a press note to the exchanges.
Ashok Leyland jumps 3% on signing defence MOU with Israelâ ELBIT systems
India pure play Commercial Vehicle (CV) manufacturer, Ashok Leyland Limited (ALL) signed a Memorandum of Understanding (MOU) with Israel-based defence manufacturer ELBIT Systems (ELBIT). As part of this agreement, ALL will provide High Mobility vehicles (HMV) for mounting Elite artillery guns and systems. The integrated systems are targeted for worldwide export markets.
Cadila, Zydus Wellness gain on CCI approval for Heinz India acquisition
Shares of Cadila Healthcare and Zydus Wellness (ZWL) climbed ~2% each on Wednesday after the Competition Commission of India (CCI) granted approval for ZWL's acquisition of Heinz India Private Limited jointly with Cadila Healthcare Limited. Read more. Hence, ZWL will primarily be acquiring Heinz India's business related to four brands - Glucon-D, Nycil, Sampriti, and Complan, through this transaction, the company said in a press note to the exchanges on Tuesday after market hours. Of these, Complan, Glucon-D, and Nycil have a legacy of over 50 years, and Glucon-D and Nycil are leading brands in their respective markets.
Financial Advisory Company in Indore, Stock Advisory Company in Indore , Equity Tips , Free Trading Tips , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips
0 comments:
Post a Comment