ADNOC & Reliance sign strategic partnership, SBI MF picks up stake in Dodla Dairy; click to read more!
Karix Mobile, a wholly-owned subsidiary of Tanla Platforms Limited, India’s largest CPaaS provider, and Swedish caller ID firm - Truecaller announced their partnership
Reliance Industries: Abu Dhabi National Oil Company (ADNOC) announced that Reliance Industries Ltd has signed an agreement to join a new world-scale Chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais (Abu Dhabi). The agreement capitalises on the growing demand for these critical industrial raw materials and leverages the strength of ADNOC & Reliance as the global industry as well as energy leaders.
Dodla Dairy: SBI Mutual Fund bought nearly 24.07 lakh shares of Dodla Dairy. After this acquisition, SBI MF will hold nearly 40.62 lakh shares of Dodla Dairy.
Avanti Feeds: Avanti Feeds is a subsidiary of Avanti Frozen Foods (AFFPL). About a week ago, AFFPL was informed by Centre for Disease Control (CDC, US Government) and USFDA that some of the cooked Shrimp products supplied by AFFPL have the potential to contaminate as they contain Salmonella. USFDA advised AFFPL to voluntarily recall the identified products processed by AFFPL between October 23, 2020, and November 9, 2020 (about 18 days), which correspond to the range of products imported & distributed from late December 2020 to late February 2021. It does not mean that all recalled products are affected but the recall is only a precaution.
EID Parry: Nutraceuticals division registered a strong profit growth at Rs 19 crore as against a profit of Rs 4 crore in the corresponding quarter of the previous year on account of better performance in the USA operations and increased sales to Europe. As a part of the debt reduction programme, the proceeds of the 4 per cent stake divested in Coromandel International Limited along with the dividend received from Coromandel International Limited were utilised to reduce the debt of the company.
Uflex: Uflex rises above challenges to post the best-ever performance in Q4FY21 & FY2020-21. Q4 PAT jumps by 163 per cent YoY to Rs 264.7 crore; EBITDA grows by 87 per cent YoY to Rs 516.4 crore.
Manali Petrochemicals: Manali Petrochemicals recorded the best-ever performance of the highest turnover and profitability in FY 20-21 while the consolidated revenue surpassed Rs 1,000 crore.
Tanla Platforms: Karix Mobile, a wholly-owned subsidiary of Tanla Platforms Limited, India’s largest CPaaS provider, and Swedish caller ID firm - Truecaller announced their partnership to launch verified business caller ID solutions for enterprises.
ISGEC: ISGEC bags a major order for FGD-FGC package from Odisha Power Generation Corporation Limited.
Tata Coffee: ICRA has upgraded the long-term rating to long-term [ICRA] AA+ (stable)/short-term [ICRA] A1+.
Cipla: Cipla Limited is supporting Moderna Inc. with the regulatory approval and importation of vaccines to be donated to India. At this stage, there is no definitive agreement on the commercial supplies.
IndusInd Bank: The bank has sold 70,67,500 equity shares of McLeod.