Aurobindo, Indiabulls Housing Finance and Somany Ceramics to see some action today

29 Mar 2022 Evaluate

Aurobindo Pharma has acquired the domestic formulation business of another Hyderabad based firm Veritaz Healthcare on a slump sale basis at Rs 171 crore. This marks its first step to set a footprint in the Indian domestic market. At present over 90 percent of Aurobindo's revenues come from the international markets.

Indiabulls Housing Finance is planning to raise Rs 50,000 crore in next fiscal to fund its expected 15-20 per cent loan growth which will take its balance sheet near to the pre-pandemic peak when it had crossed the Rs 1 lakh crore mark.

Somany Ceramics has invested Rs 2.50 crore and acquired 25,00,000 equity shares of Rs 10 each at par, on March 28, 2022 in SR Continental, a Wholly Owned Subsidiary, by way of right issue. Infusion of capital by way of subscription of right shares will meet the requirement of funds for business expansion through trading activities of tiles. 

Tata Power Company has collaborated with Rustomjee Group, the leading real estate developer, to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR).  Under this collaboration, Tata Power will install dedicated charging infrastructure for residents of Rustomjee in Mumbai MMR.

Compuage Infocom has entered into Distributor Agreement with Zoho Technologies (Zoho) to place the Zoho product portfolio in front of as many potential channel partners as possible through widespread distribution network which Compuage offers in today’s business world. Being a Distributor for Zoho would help Compuage in adding multiple software solution and selling versatile products in the market giving edge to the partners towards offering versatile solution with its Tier II and Tier III markets.

ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corporation (ONGC), has reportedly sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month.

DBS Bank India has partnered with EaseMyTrip to launch an environment-friendly international debit card made using 99% recycled polyvinyl chloride (PVC) material. The digibank EaseMyTrip Green Debit Card provides exclusive travel-related offers to customers and rewards them for adopting eco-friendly practices while encouraging them to reduce their carbon footprint.

ONGC Share Price

267.85 6.00 (2.29%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
ONGC 267.85
Oil India 600.10
Jindal Drilling&Inds 613.25
Hind Oil Exploration 178.85
Deep Industries 308.45
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.