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DAILY CORPORATE NEWS
Havells to divest stake in Sylvania; stk up
Havells India gained over 8%, touching to Rs306, after the company said its wholly owned subsidiary, Havells Holdings, proposes to divest 80% stake in Havells Sylvania Malta BV.
Havells India has decided to sell 80% stake in European lighting systems and fixtures company Sylvania, which it acquired in 2007 and became a global player.
Bharat Forge signs supply agreement with Rolls-Royce
Bharat Forge signs supply agreement with Rolls-Royce; positive for the company
Bharat Forge has signed a long term supply agreement with Rolls-Royce for supply of critical and high integrity forged and machined components.
Aurobindo gets approval for Eptifibatide and Levonorgestrel
Aurobindo has received final approval from the US Food & Drug Administration ( USFDA) to manufacture and market Eptifibatide Injection and Levonorgestrel Tablet (OTC), 1.5 mg. Eptifibatide Injection is used in the treatment of acute coronary syndrome.
ABG Shipyard rises on Union Cabinet clearance
ABG Shipyard gained over 6%, touching to Rs67, after the Union Cabinet approved policy measures to promote shipbuilding industry.
Jain Irrigation gains on Rs220 crore contract from Tanzania
Shares of Jain Irrigation rose 2% to Rs63.95 on NSE after the company bagged Rs220 crore contract from Tanzania.
Jain Irrigation Systems has bagged a Rs220 crore contract from Tanzania authority DAWASA for supply and installation of water distribution network in the capital city 'Dar Es Salaam'. The company intends to complete the project in next 15-18 months.
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