Tata Motors, L&T, Sun Pharma, Tech Mahindra in focus | Jobs Vox


Tata Motors: The auto company said its wholly owned subsidiary TML Smart City Mobility Solutions has signed a definitive agreement with Bengaluru Metropolitan Transport Corporation (BMTC) to operate 921 electric buses in Bengaluru city.

L&T: L&T has signed an agreement to sell its entire 51% stake in L&T IDPL, along with its subsidiaries, to Epic Concesiones. After the transaction, L&T IDPL will cease to be a subsidiary of L&T. L&T Infrastructure Development Projects Limited (L&T IDPL) is a joint venture between Larsen & Toubro (L&T) and Canada Pension Plan Investment Board (CPP Investments), which hold 51% and 49% of the shares.

Sun Pharmaceutical Industries: Sun Pharmaceutical Industries said that its plant in Halol, Gujarat has received a warning letter from the USFDA in connection with an inspection conducted from April 26, 2022 to May 9, 2022.

Tech Mahindra: Tech Mahindra has approved the sale of 100% stake in Dinacommerce Holdings BV, a wholly owned subsidiary of the company, to Comviva Netherlands BV, a subsidiary of the withdrawing company.

Adani Enterprises: Adani Enterprises announced that its joint venture, AdaniConnek, with EdgeConnek has incorporated a wholly owned subsidiary (VOS), DC Development Noida Two (DCDNTL). It will undertake development, operation, maintenance, data center, information technology (IT) / information technology enabled services (ITES) / cloud business, providing related services.

Dilip Buildcon: The construction company said it has received Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for the new Hybrid Annuity Model (HAM) projects in the state of Karnataka, Chhattisgarh and Telangana.

RITES: RITES has announced that it has signed a Memorandum of Understanding with Kirloskar Oil Engines to jointly explore business opportunities for supply/services in the areas of export of railway rolling stock, infrastructure and urban transport for domestic and overseas markets.

Mahindra CIE Automotive: Mahindra CIE Automotive further subscribed for 2,40,000 shares of Sunbarn at Rs 10 each, which will constitute 26.12% of the paid-up capital of Sunbarn Renewables after the issue.

Shilpa Medicare: Shilpa Medicare announced that it has introduced Capecitabine (Capebel) dispersible tablets (DTs) with faster dispersion technology within 90 seconds for the treatment of colorectal and metastatic breast cancer.

Five Star Business Finance: Five Star Business Finance said India Ratings and Research has assigned an ‘IND AA-/Stable’ rating on the company’s Rs 2,000 crore debt instruments.

Keystone Realtors: Keystone Realtors announced that it has signed a joint development agreement with Raj Doshi Exports for the development of a plot measuring approximately 6,067.96 square meters located in Mahim, Mumbai, Maharashtra.

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(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)


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