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Stocks in News

April 20, 2022

The Indian Hotels Company: The firm has signed an agreement to set up one more Taj Hotel in Chennai.

Insecticides (India): The firm has received the patent for an invention with the name ‘Novel granules and its pesticidal compositions’ and it’s valid for 20 years.

ACC : ACC posted a 29.5% fall in consolidated net profit to Rs 396.33 crore for the quarter ended March 2022. The company had posted a profit of Rs 562.59 crore in the corresponding quarter a year ago.

L&T Infotech: Larsen & Toubro Infotech reported a 16.8% year on-year increase in March quarter net profit to Rs 637.5 crore.

Eveready Industries: Burman Group has increased its holding in Eveready Industries to 20.18% through open market transactions. Entities of the Burman Group entities acquired 78,000 shares that account for a 0.11% stake in the company.

Reliance Industries: Reliance Brands (RBL), a subsidiary of Reliance Retail Ventures, has signed an agreement to invest in Abu Jani Sandeep Khosla (AJSK) for a 51% majority stake. Reliance Retail Ventures is the retail subsidiary of Reliance Industries.

Punjab & Sind Bank: Punjab & Sind Bank has declared the accounts of Srei Infrastructure Finance and SREI Equipment Finance as fraud. The bank has put them under the category of non-performing assets (NPAs).

Tata Steel: Tata Steel has signed a pact with Thiess to offer services in areas such as exploration, resource evaluation, and mine planning in India and abroad. Thiess is an Australia-based mining services provider.

Max Ventures and Industries: Max Ventures and Industries has approved the amalgamation of the company with its wholly-owned subsidiary Max Estates. The move is a part of the group’s restructuring exercise to focus completely on the real estate business.

Future Enterprises: Future Enterprises has defaulted on a payment of Rs 29.33 crore as interest on non convertible debentures (NCDs). The due date for payment was April 18.