Market Commentary - Stock Alert
IKIO Lighting, Wipro, Bhel, Torrent Pharma in focus As on : 16-Jun-23  08:53

IKIO Lighting: Shares of IKIO Lighting will debut on bourses today, 16 June 2023. The issue price is Rs 285 per share.

Wipro: Wipro announced the opening of its new 5G-Def-i Innovation Center (?the Center?) in Austin, Texas, underscoring the company's commitment to helping clients realize the benefits of 5G technology through safer, more sustainable, and compliant products and services.

HCL Technologies: HCL Technologies and Microsoft announced the expansion of their strategic partnership to help enterprises leverage generative artificial Intelligence (AI) and develop joint solutions to enable businesses to achieve better outcomes and enhance business transformation.

TVS Motor Company: The company has sold its entire holding of 11,12,19,512 equity shares constituting 43.54% in Emerald Haven Realty Limited (?EHRL?), an associate Company on 14th June 2023. Rs. 166.83 crore was received as consideration by the company.

Bharat Heavy Electricals Limited (Bhel): Bhel and Volvo Eicher Commercial Vehicles Limited (VECVL) signed an MoU for taking up a Joint project for development & deployment of Type - IV Cylinders (Hydrogen / CNG) in Commercial Vehicle Segment.

GAIL (India): Sanjay Kumar assumed charge as director (marketing) of GAIL (India) on Thursday, 15 June 2023. Prior to his new role, Kumar was the managing director of Indraprastha Gas, largest CNG distribution company of India, since April 2022.

Torrent Pharmaceuticals: USFDA has issued an Establishment Inspection Report (EIR) for the Bileshwarpura, Gujarat manufacturing facility and the inspection has now been successfully closed by the USFDA.

Natco Pharma: Natco Pharma announced successful closure of inspection and received Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (USFDA) for its drug formulations manufacturing facility at Visakhapatnam (Vizag), Andhra Pradesh, for an inspection conducted during the period from 30 January to 3 February 2023.

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