STOCKS IN ACTION 16 MAY
Infosys: The company and SAP Emarsys collaborated to deliver an enhanced personalised omnichannel experience for clients.
Star Cement: NCLT approved the amalgamation of 3 units with the arm Star Cement Meghalaya.
Quick Heal Technologies: The company partnered with EET Group for cybersecurity solutions in
Europe.
PSP Projects: The company has settled a dispute with Surat Diamond Bourse, agreeing to pay Rs 170 crore in tranches. The total project value for the SBD Project is Rs 1,960 crore, out of which the company has recorded revenue of Rs 1,896 crore and the remaining revenue is to be recorded upon receipt of a certificate from Surat Diamond Bourse.
JK Cement: The Board approved the re-appointment of Raghavpat Singhania as MD for five years, effective June 17, 2025.
TVS Motor Company: The company launches operations in Italy.
Eicher Motors: The company's unit, VE Commercial Vehicles, enters into a joint venture agreement with Triangle Infotech.
Medi Assist Healthcare Services: The company appointed Sandeep Daga as CFO effective May 17.
Mankind Pharma: The company clarified that the article stating the company's plan to acquire a stake in Bharat Serum is speculative in nature.
HDFC Life: on Wednesday (May 15) announced its highest-ever bonus of ₹3,722 crore on participating plans. This bonus will benefit over 22.23 lakh policyholders.
QuickHeal: partners with Europe-based EET Group for cybersecurity solutions
KOTYARK INDUSTRIES: CO AWARDED TENDER FOR SUPPLY OF 7,851 KL BIODIESEL TO OMCS WORTH 638.5 MLN RUPEES
KAYNES TECHNOLOGY INDIA: CO MADE INVESTMENT IN ESSNKAY ELECTRONICS; ACQUIRED 100% OF SHAREHOLDING IN ESSNKAY ELECTRONICS LLC || COST OF ACQUISITION IS 12,000 UNITS AT USD 100 PER UNIT
CIPLA: CO SIGNED DEFINITIVE AGREEMENTS FOR FURTHER INVESTMENT OF UP TO 260M RUPEES IN OPTIONALLY CONVERTIBLE PREFERENCE SHARES OF ACHIRA LABS || PURSUANT TO COMPLETION OF FIRST TRANCHE OF INVESTMENT, CIPLA SHALL HOLD 27.27% OF TOTAL VOTING RIGHTS IN ACHIRA
PARADEEP PHOSPHATES: CO SAYS IN PROCESS OF LAUNCHING OUR OWN BIOGENIC NANO-UREA AND NANO-DAP FERTILIZERS
QUICK HEAL TECHNOLOGIES: EET PARTNERS WITH QUICK HEAL, STRENGTHENING ITS POSITION AS THE PREFERRED DISTRIBUTOR FOR CYBERSECURITY SOLUTIONS IN EUROPE
STAR CEMENT: NCLT APPROVED AMALGAMATION OF MEGHALAYA POWER, MEGHA TECHNICAL & ENGINEERS, NE HILLS HYDRO WITH STAR CEMENT MEGHALAYA
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