<h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>SAR TELEVENTURE LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">The Company has entered into a revenue-sharing agreement with Bharat Sanchar Nigam Limited (BSNL) to deliver BSNL telecom services (including fixed, wireless, broadband, etc.) to end users at Noida, Lucknow and Faridabad. Company has to create infrastructure for providing BSNL telecom services, revenue sharing will be 50-50%. The agreement is valid for 10 years and is renewable.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>TATA CONSULTANCY SERVICES LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Tata Consultancy Services (TCS) has been named in the FORTUNE® Magazine 2024 list of the World's Most Admired Companies. Guided by a deep-rooted culture of innovation and commitment to driving value for customers, TCS retained a spot on the list for the second time since debuting last year. The list of the World's Most Admired Companies is based on a survey of 3,700+ senior business executives and financial analysts recognizing companies that have shown exceptional innovation, social responsibility, global competitiveness and elevated quality of products and services.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>EPACK DURABLE LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company announced the commencement of production of <strong>“Domestic Air Cooler”.</strong> It is a step taken towards expansion of Company’s business and increasing the customer base. It will lead to utilization of existing capacities and resources without making any significant investments, estimated amount to be invested is only INR 35- 40 lakhs. Annual turnover estimated from the domestic air cooler business is INR 80 Crores.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>EMS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company is the lowest bidder (L-1) in the tender for Construction of Proposed Multi Level Car Parking at Nagar Nigam Office, Distt- Meerut (U.P). The estimated order value is INR 34.7 Cr.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>HERO MOTOCORP LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Hero MotoCorp - India's Leading two-wheeler manufacturer, sold 433,598 lakh units in January 2024. This translates into a robust 22% growth over the corresponding month (January 2023), when it had sold 356,690 units.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>HIMADRI SPECIALITY CHEMICAL LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Himadri Clean Energy Limited, the Wholly Owned Subsidiary of the Company has completed acquisition of 100% Equity Shares of Himadri Future Material Technology Limited by way of purchase of Equity Shares from the existing shareholders of the Target Company. By this acquisition, the Company will set up the manufacturing facility for Cathode Active Material through Step down WOS.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>HINDUSTAN UNILEVER LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>Scheme of Amalgamation of Ponds Exports Limited</strong> (First Transferor Company) and Jamnagar Properties Private Limited (Second Transferor Company), Subsidiaries of Hindustan Unilever Limited with Unilever India Exports Limited (Transferee Company), Wholly owned subsidiary of HUL and their respective shareholders has been approved by the Hon’ble National Company Law Tribunal (‘NCLT’), Mumbai Bench vide order dated 16<sup>th</sup> January 2024.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>KINGS INFRA VENTURES LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company is expanding its presence in the domestic retail market with the Kings Bento brand of ready-to-cook, ready-to-heat delicacies. Company unveiled the Kings Bento Logo on Wednesday in Kochi accompanied by a food tasting session. The Chairman expressed his confidence that Kings Bento will achieve great success in their new venture.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>MAHANAGAR GAS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has acquired 100% equity shares of Unison Enviro Private Limited on 1<sup>st</sup> February 2024 through purchase of shares from its existing shareholders at a cash consideration of Rs. 562.09 Crore. Accordingly, UEPL has become Wholly Owned Subsidiary of the Company. Further, in accordance with the arrangement with lenders of UEPL, the Company has provided Corporate Guarantee to the lenders of UEPL to assure the due performance and compliance of terms of borrowings by UEPL.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>OCEAN SERVICES LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has received an award for <strong>“Excellence in Innovation Business Spend Management Software India 2023”</strong> in the Global Banking and Finance Review Awards 2023.&nbsp;</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>ELECTRONICS MART INDIA LIMITED</strong></span></h2><p style="text-align:justify;"><a href="https://www.sovrenn.com/times?search=Electronics+Mart+India"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>Electronics Mart India Limited</strong></span></a><span style="font-family:&quot;Arial&quot;,sans-serif;"> has commenced the commercial operation of two new Multi Brand Stores under the brand name ‘BAJAJ ELECTRONICS’ on 1<sup>st</sup> February 2024 at Prakasham District, in Andhra Pradesh.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>FORTIS MALABAR HOSPITALS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>Fortis Malar Hospitals Limited </strong>has successfully consummated the transaction for the sale of its business operations pertaining to Fortis Malar Hospital on slump sale basis, to MGM Healthcare Private Limited, on the terms and conditions as contained in the Business Transfer Agreement entered into between the Company and MGM.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>FIRSTSOURCE SOLUTIONS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Firstsource Solutions Limited, a global provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, has been ranked in the top 96th percentile on the Dow Jones Sustainability Index, in its first year of participation. The rating comes with an impressive CSA and ESG score of 62 (as of January 23, 2024).&nbsp;</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>SRIVARI SPICES &amp; FOODS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has successfully placed its products in 50 Reliance Limited Stores across the state of Telangana and 13 Balaji Grand Bazar Stores across the city of Hyderabad.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>BATA INDIA LIMTED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">The Board of Directors of Bata India Limited has accorded its in</span><span style="font-family:&quot;Cambria Math&quot;,serif;">‐</span><span style="font-family:&quot;Arial&quot;,sans-serif;">principle approval for monetizing the Company's freehold industrial land admeasuring approximately 11.54 acres situated in Faridabad, subject to necessary process/formalities being completed.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>ORIENT GREEN POWER COMPANY LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Board of Directors of Delta Renewable Energy Private Limited (Wholly Owned Subsidiary) of the Company have approved to develop Solar Energy Capacity in two Phases ie. Phase I - 19.8 MW Solar Power Project and Phase II - 19.8 MW Solar Power Project in the state of Tamil Nadu. The Phase I and Phase II project are proposed to be developed though an EPC Contractor. Considering the same, the Board of Directors of DELTA in its meeting held today examined the proposals received from EPC contractors and approved to accept the proposal received from SOLON India Private Limited.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>S J LOGISTICS (INDIA) LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has received orders worth INR 70 Cr for a period of 6 months starting from February 2024 from a T&amp;D Player for Project Cargo.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>SHREE TIRUPATI BALAJEE FIBC LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">STB International Private Limited (Wholly Owned Subsidiary of Shree Tirupati Balajee FIBC Limited) has been allotted a piece of land in the Industrial Area / Growth Pithampur Centre comprising of an area measuring 21,000 square Meters for a term of 99 years for the purpose of Manufacturing FIBC Jumbo Bags, Woven Sacks, Fabric, Tarpoline and Liner etc.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>BANK OF BARODA</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Meeting of Capital Raising Committee of the Bank is scheduled to be held on 07.02.2024 to discuss and finalize the issuance of Tier I and Tier II debt capital instruments within the board-approved capital raising plan for FY 2023-24.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>TATA POWER COMPANY LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Tata Power Solar Systems Limited, a leading integrated solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited, has facilitated over INR 3,500 Cr of customer financing for solar projects during the last 4.5 years. This has led the Company to emerge as the nation’s most preferred and trusted green energy partner which is mainstreaming the adoption of Solar Energy in the country. This momentum built over the years will help support the wide scaled adoption of solar energy in the country.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>JEENA SIKHO LIFECARE LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has established ‘New Shuddhi Ayurveda Panchkarma Hospital/Daycare centre’ at Agra.</span></p>

Discover the noteworthy highlights from the Sovrenn Latest News Bulletin - 2nd Feb 2024. Get informed about the latest developments and key happenings.

Sovrenn Latest News Bulletin - 2nd Feb 2024

<h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>MEGAFLEX PLASTICS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Board of Directors has accepted the proposed allotment of the land measuring an area of 6.5 acres in mouja Kalibeti under Khurdha Tahasil in the district of Khurdha by IDCO. In the first phase Company shall set up a manufacturing unit of injection and blow moulded plastic containers.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>DEEPAK NITRITE LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">During the Vibrant Gujarat Global Summit 2024 held on January 10-12, 2024, Deepak Chem Tech Limited (formerly known as Deepak Clean Tech Limited), a wholly owned subsidiary of the Company had expressed its intention to invest around INR 9,000 Crores. Towards this, Deepak Chem Tech Limited has now signed a Memorandum of Understanding with Government of Gujarat on January 31, 2024, with an intent to invest around INR 9,000 Crores to establish projects at Dahej, in the State of Gujarat, to manufacture Polycarbonate Resins and compounds, Methyl methacrylate, Aniline.</span></p><h2 style="text-align:justify;"><span style="color:black;font-family:&quot;Arial&quot;,sans-serif;"><strong>ION EXCHANGE (INDIA) LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has been awarded a Contract from Material Construction Trading FZCO, UAE for Engineering, Manufacturing, Delivery to site, supervision of erection, commissioning and start-up of Desalinated water unit for a Project in North Africa at a contract value of INR 152.46 crores plus VAT. The project is to be completed within 8 months from the date of Letter of Acceptance.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>DR. AGARWAL’S EYE HOSPITAL LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">A new branch of the Company located at Coonoor, Nilgiris. Tamil Nadu commences its operation with effect from 1<sup>st</sup> February 2024.&nbsp;</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>PODDAR PIGMENTS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has entered into an agreement on 31<sup>st</sup> January, 2024 with IB Vogt Solar India Private Limited (“IBV”), Gurugram, Haryana, for installation of 3 MWp Solar Power Plant at Village - Jhinjhinyali, Tehsil - Fatehgarh, District - Jaisalmer, Rajasthan, to generate electricity for its Captive Consumption.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>CANTABIL RETAIL LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has opened 2 New Showrooms/ Shops at different location in India during the month of January 2024.Now total number of Showrooms/ Shops of the Company stands at 517.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>RMC SWITCHGEARS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="color:black;font-family:&quot;Arial&quot;,sans-serif;">Company has promoted a new wholly owned subsidiary company "Intelligent Hydel Solutions Pvt. Ltd." with the main objective to innovate, develop, install the smart solutions and systems for water distribution, treatments, filtration, conservation, restoration and monitoring of wastewater or&nbsp;sewage&nbsp;water.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>WINDSOR MACHINES LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has received Patent Rights from Patents Office, Government of India titled: A TWO PLATEN INJECTION MOLDING MACHINE WITH COMMON CASTING FOR FIXED AND MOVING PLATEN.</span></p><h2 style="text-align:justify;"><span style="color:black;font-family:&quot;Arial&quot;,sans-serif;"><strong>MARINE ELECTRICALS (INDIA) LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has received orders amounting to INR 15 Cr from (i) STTelemedia Global Data Centres for LV Panels to be delivered over 4 months, and (ii) Material organization (Vizag) for IBS P28 B class of ship to be delivered over 9 months.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>KOTYARK INDUSTRIES LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">A wholly owned subsidiary of the Company has been incorporated by the name of Semani Industries Limited to carry business of manufacturing, trading, import, export &amp; otherwise deal in Bio-Diesel, Bio-fuels, Oils and Fats, De-oiled Cakes, Bio-fertilizers, Bio-gas, Bio-mass, Electricity, used oils, fats, organic products, Bio-Cosmetics and its related products &amp; to import, export, trade and to establishing and developing of bio methanation solar-waste heat recovery based green energy projects; renewable energy projects, power projects, bio methanation plants, recycling plants, desalination, plants and also offering operation and maintenance thereof. It will help the Company with further expansion of its business.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>H. G. INFRA ENGINEERING</strong></span></h2><p style="text-align:justify;"><span style="color:black;font-family:&quot;Arial&quot;,sans-serif;">Company has been declared as L-l bidder by South-Central Railway for project worth INR 447 Cr. The project involves Doubling of Track between Karanjgaon station &amp; Aurangabad station including Electrification and Signaling works in connection with Aurangabad-Ankai Doubling Project in Nanded Division of South-Central Railway.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>THYROCARE TECHNOLOGIES LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Thyrocare Technologies Limited has entered into a Share Purchase Agreement with Think Health Diagnostic Private Limited and their existing shareholders on February 1, 2024 to acquire 100% stake in Think Health by way purchase of equity shares from all the existing shareholders of Think Health.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>KORE DIGITAL LIMITED</strong></span></h2><p style="text-align:justify;"><span style="color:black;font-family:&quot;Arial&quot;,sans-serif;">BoD has considered and approved the raising of INR 47.3 Cr of funds through issuance of 5.3L equity shares and 63k warrants at INR 795 each. Allottees of equity shares include: Manickam Ravichandran (62k shares), Wow Investments (27k shares), Rakesh Laroia (25.2k shares), Sandeep Singh (19.2k shares), etc. Warrants are 100% allotted to Promoter Ravindra Doshi.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>TATA MOTORS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Tata Motors Limited sales in the domestic &amp; international market for January 2024 stood at 86,125 vehicles, compared to 81,069 units during January 2023.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>BCPL RAILWAY INFRASTRUCTURE LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">BCPL Railway Infra bags INR 826.62 million Engineering, Procurement and Construction (EPC) project under Alipurduar and Rangiya Division of N.F. Railway.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>BEST AGROLIFE LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Seedlings India Private Limited, a wholly owned subsidiary of the Company has been granted License lor indigenous manufacture of Trifloxysrobin 6% + Thiamethoxam 24% + Thiophanate methyl 9.5% by Central Insecticides Board &amp; Registration Committee.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>EMS LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Company has received an order worth INR 34.7 Cr from U.P. Jal Nigam (Urban), Meerut (U.P.) for construction of proposed multi-level car parking at Nagar Nigam Office, Distt. Meerut (U.P.).</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>MARUTI SUZUKI INDIA LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">In January 2024, Maruti Suzuki India Limited sold a total of 199,364 units, which is its highest ever monthly sales volume. Total sales in the month include domestic sales of 170,214 units, sales to other OEM of 5,229 units and exports of 23,921 units.</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>LUPIN LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Global pharma major Lupin Limited (Lupin) today announced that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Dronedarone Tablets USP, 400 mg, to market a generic equivalent of Multaq® Tablets, 400 mg of Sanofi-Aventis U.S. LLC. The product will be manufactured at Lupin’s Goa facility in India.&nbsp;</span></p><h2 style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;"><strong>SAREGAMA INDIA LIMITED</strong></span></h2><p style="text-align:justify;"><span style="font-family:&quot;Arial&quot;,sans-serif;">Saregama, an RPSG group company, announced the launch of 'Saregama Talent,' a dedicated vertical exclusively designed for emerging artists. Following this exciting move, the Company unveiled its first three next-gen performers - Maahi, Arjun, and Pragati.</span></p>

Get the scoop on Sovrenn's Latest News Bulletin - 1 Feb 2024. Discover the top stories and insights shaping the future.

Date	Title
Feb 2nd 24	Sovrenn Latest News Bulletin - 2nd Feb 2024
Feb 1st 24	Sovrenn Latest News Bulletin - 1 Feb 2024

For any help

Whatsapp us at: +91 9651081944

Education

Times

Prime

Discovery

Ipo

Sovrenn Knowledge