Alembic Pharma received establishment inspection report from USFDA for Panelav formulation facility
Godrej Properties: Company adds a new residential project in Navi Mumbai. Company increased its equity stake in Wonder Space Properties Private Limited from 25.1 percent to 96.03 percent by acquiring equity shares from Shubh Properties Cooperatief U.A.
Titan Company: Company sales grew in FY19 by around 21 percent, targets around 20 percent growth in FY20 despite the muted outlook for economy. Jewellery division grew 22 percent and Eyewear 23 percent in FY19.
Cipla: Company received the Establishment Inspection Report (EIR) from USFDA, indicating closure of the inspection of Goa manufacturing facility.
Bal Pharma: Company received EU-GMP approval for formulations manufacturing plant at Rudrapur, Uttarakhand.
Hindustan Copper‘s ore production stood at 41.22 lakh tonnes for financial year 2018-19
Zensar Technologies: Company starts operations in Mexico, Latin American market.
VIP Industries: There was a fire accident at company’s in warehouse at Uttar Pradesh and there was no loss to human life. Company is taking adequate steps to ensure re-functioning of the Warehouse.
Bandhan Bank /Gruh Finance filled application in relation to the scheme of amalgamation of GRUH Finance into and with Bandhan Bank with NCLT
Amara Raja Batteries: Gallas to buy 2 percent stake from Johnson Controls in Amara Raja Batteries, increasing shareholding to 28 percent.
Mahindra & Mahindra: Swaraj Tractors crosses 15 lakh units production milestone. It produces over 1,20,000 tractors in 2018-19, second highest by an Indian tractor brand during the year.
Maruti Suzuki production in March 2019 at 1,72,195 against 1,36,201, down 20.9%
Akme Star Housing Finance: Loan and Investment Committee approved the sanction of term loan facility of Rs 6 crore by Hinduja Housing Finance Limited.
HMT: Company and its subsidiaries have recorded an increase in FY19 turnover over the previous year, and achieved the targets of production and sales set for the year 2018-19.
VST Tillers Tractors: March sales fell to 4,815 units versus 7,399 units in March 2019.
Britannia Industries issued commercial papers for an aggregate amount of Rs 500 crores with tenure upto 260 days
Mold Tek Packaging‘s subsidiary has not bagged the anticipated order and management of the Company has decided to reduce operating capacity and has started further withdrawal of equipment from Mold Tek Packaging FZE, RAK UAE
Rallis India has received lefter ftom GPCB revoking the suspension order for the operations at one of the units in Ankleshwar, Gujarat
Analyst or Board Meet/Briefings
Apcotex Industries: Board meeting is scheduled on April 25 to consider FY19 results and recommend dividend, if any, and the proposal of sub-division of equity shares of the company.
Persistent Systems: Board meeting is scheduled on April 27 to consider FY19 results and recommend dividend, if any.
GTPL Hathway: Board meeting is scheduled on April 12 to consider FY19 results and recommend dividend, if any.
Kalpataru Power Transmission: Company’s officials will meet SBI Life Insurance on April 5 and attend IIFL Ahmedabad Corporate Day/Caravan on April 8.
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