Glenmark Pharmaceuticals, ISGEC Heavy Engineering and Maruti Suzuki to see some action today

HDFC Bank Ltd. | Bank - Private | BFSI | BSE: 500180 | NSE: HDFCBANK

23 Jun 2021 Evaluate

Glenmark Pharmaceuticals has received final approval by the United States Food & Drug Administration (USFDA) for Arformoterol Tartrate Inhalation Solution, 15 mcg/2 mL, Unit-Dose Vials, the generic version of BROVANA Inhalation Solution, 15 mcg/2 mL, of Sunovion Pharmaceuticals Inc. Arformoterol Tartrate Inhalation Solution, 15 mcg/2 mL, Unit-Dose Vials will be manufactured in the company’s North American manufacturing facility based in Monroe, North Carolina, and marks the company’s first nebulizer approval.

Maruti Suzuki India is planning to increase prices of its entire product portfolio in the second quarter of the current fiscal due to rise in prices of various essential commodities, including steel. The company, which has already taken a price increase in April this financial year, noted that the price of steel and various precious metals has gone up considerably prompting the company to pass on some of the impact to the customers.

ISGEC Heavy Engineering has crossed the impressive milestone of 100 CFBC Boilers. These Boilers cut across a wide spectrum of industries and sectors. Isgec has achieved this milestone based on its long history of providing appropriate and technologically advanced solutions to customers across a diverse portfolio of engineering sectors. The credit, in this particular case, also goes to our ongoing technical collaboration with Sumitomo SHI FW (formerly Foster Wheeler).

Century Plyboards’ (India) Board of Directors has considered a proposal for setting up a new unit in the state of Punjab for manufacturing of veneer and plywood. The existing capacity of the Company for Plywood production is 300000 CBM per year (includes existing capacity in subsidiaries but excludes proposed capacities) and the proposed expansion project is for 60000 CBM per year. The investment required for the expansion project is approximately Rs.75 Crores which will be raised through internal accruals.

HDFC Bank has inaugurated seven new branches in the state. The branches are located in - Ganganagar, Hanumangarh, and Jodhpur districts.

Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1, 2021. The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices. The company continues to drive cost savings program aggressively, in order to minimize the impact on the customer.

Gayatri Highways has successfully completed the acquisition of 12,00,217 Cumulative Redeemable: Preference Shares (CRPS) of the HKR Roadways on June 21, 2021.

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Company Name	CMP
HDFC Bank	772.55
ICICI Bank	1251.45
Axis Bank	1259.75
Kotak Mahindra Bank	371.30
Indusind Bank	910.80
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