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Stocks in News Today

June 8, 2022

NMDC: The meetings of shareholders and creditors of state-owned NMDC to expedite the process of demerging the company’s under-construction Nagarnar Steel Plant (NSP) has been postponed to June 28, 2022. The steel ministry was to convene the said meetings.

Hindustan Copper: The copper miner company resumed mining operations at the Surda mine in Ghatshila, Jharkhand on June 7.

PB Fintech: The insurance platform Policybazaar’s co-founder and CEO Yashish Dahiya offloaded nearly 38 lakh shares of the company for Rs 230 crore through an open market transaction.

Indian Hotels Company: The Tata groups hotel firm announced the signing of a 88-rooms Vivanta hotel in Jammu, Jammu and Kashmir. Located in the heart of the city, the existing hotel will be upgraded into the Vivanta brand post renovation.

RITES: The transport infrastructure consultancy and engineering company signed a memorandum of understanding (MoU) with Grands Trains.

Zydus Lifesciences: The drug firm said it has received final approval from the US health regulator to market Adapalene and Benzoyl Peroxide topical gel, used to treat acne, in the American market.

Aster DM Healthcare: The healthcare firm said it has commenced drone delivery trials with drone technology-based logistics firm Skye Air Mobility in Kerala.

Wockhardt: The drug maker company has appointed Deepak Madnani as the Chief Financial Officer with immediate effect on June 7.

Future Group stocks: E-commerce major Amazon has sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group either directly or indirectly, source aware of the development said.