Focus on Bharti Airtel, BoI, HPCL, MTAR Tech, PI Industries, Ind Swift Lab, MOIL, IndiaMart, IG Petrochem, Intellect Design
PI Ind/Ind Swift Lab: Since Ind Swift Laboratories has not been able to complete several pre-agreed conditions precedents, the Business Transfer Agreement with Ind Swift stands terminated, said PI Industries in a notice to the stock exchanges. PI Industries had executed a Business Transfer Agreement (BTA) with Ind-Swift Laboratories Ltd (ISLL) for acquisition of their API and intermediates business undertaking on a slump sale going concern basis at an agreed enterprise value of Rs 1,530 crore.
MOIL: The Centre has announced wage revision for the company's workers. The company will make a one-time arrear payment , which will have a financial impact of Rs 218 crore. The total financial impact of the wage revision will be about Rs 87 crore per annum, it said. Meanwhile, MOIL revised prices of all Ferro grades of manganese ore having Manganese content Mn-44% and above by 5 per cent and all the other Ferro grades of Manganese Ore having Manganese content below Mn-44% by 2.5 per cent on the prices prevailing since October 1. The prices of all SMGR grades (Mn-30% & Mn-25%) and all grades of Fines have been increased by 2.5%.
Dr. Reddy's Laboratories Ltd, along with its subsidiaries, has announced the launch of Ephedrine Sulfate Injection USP, 50 mg/mL, a therapeutic equivalent generic version of Akovaz (ephedrine sulfate injection) Injection, 50 mg/mL...
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