TCI

The board of Transport Corporation of India has approved a share buyback of up to Rs 159 crore at a price of Rs 1,200 per share. The company's board has set the record date as September 4, 2024. This will be the company's first buyback. Shares of Transport Corporation of India (TCI) closed at Rs 1,149 on Friday, down 1.14 per cent.

Alembic pharma

Alembic Pharmaceuticals has received approval from the US FDA for Betamethasone Valerate Foam, which is used to treat scalp problems. Alembic has received a total of 213 ANDA approvals (185 final approvals and 28 tentative approvals) from the US FDA. The company is aiming to launch more than 20 products this financial year. The company's stock closed at Rs 1,099.10 on Friday, down 1.66 per cent on the NSE.

Ambuja Cements

GQG Partners, a major investor in the Adani Group, on Friday increased its stake in Ambuja Cements by 1.1 per cent, taking its total stake in the cement company to 2.4 per cent. The deal was done on NSE at an average price of Rs 625.50 per share. Gautam Adani and his family-owned company Holderind Investments Limited sold 2.8 per cent stake in Ambuja Cements for Rs 4,251 crore.

Trent, Bharat Electronics

National Stock Exchange (NSE) has announced changes in the Nifty 50 stock. Under these changes, BEL and Trent will be included in the Nifty 50. The inclusion of Trent and Bharat Electronics in the Nifty 50 index will lead to investments of up to $500 million and $450 million in these two stocks.

Divis Laboratories, LTIMindtree

The National Stock Exchange (NSE) has announced changes in the Nifty 50 stock. Under these changes, Divis Laboratories, LTIMindtree will be excluded from Nifty 50. The changes in Nifty will be effective from September 30. Divis Laboratories was included in Nifty in 2020, LTIMindtree was included last year.

kec international

The company informed after the market closed that the company has received new orders worth Rs 1,079 crore in the Transmission and Distribution (T&D) and Cables business. These orders include 65 kV/ 400 kV transmission line order from a private developer in India, 230/132 kV transmission line order in Saudi Arabia and Oman, upgradation of existing 400 kV transmission line in UAE and supply of towers, hardware and poles in the US.

Lemon Tree

Hospitality chain Lemon Tree Hotels Company informed after market close that the company has expanded the Orica brand with a new 175-room property in Surat. The company has signed a license agreement with Orica in Surat, Gujarat under its upscale brand, Orica Hotels & Resorts. The property is operated by Carnation Hotels.

FDC

Pharma company FDC Ltd on Friday (August 23) said that its manufacturing unit located in Baddi, Himachal Pradesh, specialising in Cephalosporin oral dosage forms, was recently inspected by the US Food and Drug Administration (US FDA). t said that the inspection did not find any observations that indicate full compliance with FDA standards.

Religare Enterprises

ED officials conducted searches at the premises of Executive Chairman Rashmi Saluja, CFO Nitin Agarwal, Group General Counsel of the Company, Chief Operating Officer of Religare Finvest Chirag Jain. No objectionable documents/digital devices were found or seized during the search. ED has frozen the ESOP shares of Care Health Insurance given to Rashmi Saluja, Nitin Agarwal and Nishant Singhal.

JSW Energy

Arm JSW Neo Energy received LoA from Adani Electricity, Mumbai for 250 MW grid connected wind energy project. The company's stock closed at Rs 703 on Friday with a decline of 1.08 per cent.

Zydus Life

Zydus Lifesciences is entering a new business. For this, the company is going to buy 50 percent stake in Sterling Biotech. The company has shared information related to this with the stock market on Friday night. The company will buy this stake from Teamsek portfolio company. With this deal, the company will enter the fermentation based protein business.

Ashoka Buildcon

The country's leading highway developer company Ashoka Buildcon has informed the stock market that its bid for a project of Mumbai Metropolitan Region Development Authority (MMRDA) has proved to be the lowest (Lowest Bidder - L1). Usually the project is given to the person who bids the lowest. The total cost of this project is Rs.