Nifty  17274.30  386.95  (2.29%)

Sensex  58065.47  1,276.66  (2.25%)

USDINR  81.69  -0.16  (-0.20%)

ONGC, GAIL (India), Natco Pharma to be watched
(08:48, 18 Aug 2022)

Oil and Natural Gas Corporation (ONGC): ONGC has signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil for Deepwater exploration in East and West coasts of India. The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore.

GAIL (India): The board of directors of the company approved fundraising of $3.125 billion from external commercial borrowing and up to Rs 25,000 crore via NCD or non-convertible debentures.

Natco Pharma: Natco Pharma announced that the U.S. Food and Drug Administration has granted tentative approval to its Abbreviated New Drug Application (ANDA) for Trabectedin for Injection (generic for Yondelis) for the 1mg/vial presentation.

Sona BLW Precision Forgings: Private equity firm Blackstone via its affiliate - Singapore VII Topco III PTE - may reportedly exit part of its stake in Sona BLW Precision Forgings via block deal today. Blackstone would be offloading a total of 7.94 crore shares or 13.6% stake it holds in Sona BLW Precision Forgings at Rs 500 per share, as per reports.

Infibeam Avenues: The meeting of the board of directors of the company is scheduled on 25 August 2022 to consider and approve the proposal for raising of funds through any permissible mode and/or combination thereof and other business items, if any.

Craftsman Automation: The company has commenced the commercial operations of its new/ additional plant at Pune, Maharashtra.

Indo Amines: The company has received an Environment Clearance for Expansion of 'Synthetic Organic Chemical' for its Manufacturing Plants situated at MIDC, Badlapur, Tal. Ambernath, Dist. Thane and MIDC Avdhan Taluka, Dist. Dhule, Maharashtra.

Powered by Capital Market - Live News