Everything you need to know to enter the trade on April 1

  • NGO: The company will add Vindhya Basin in production. The Hatta#3 exploratory well was drilled in the Son Valley sector of Madhya Pradesh. In tests, the well produced more than 62,044 cubic meters/day of gas, confirming the production potential of the Proterozoic basin for the first time in India.

  • ONGC, Petroleum India, GAIL India, RIL: Price of domestically produced natural gas it’s been duplicated. The gas price for the regulated fields will be $6.1 per million British thermal units, more than double the current price of $29 per million Btu. The new price will be valid for six months from April 1.

  • Hindustan oil: Security and pre-commissioning checks at the KGB-offshore facility and FSO Prem Pride are complete. The system is ready to receive the first hydrocarbons.

  • Nestle India: Consider declaration of dividend on April 11.

  • Lupine: The US FDA concluded an inspection at the company’s wholly owned subsidiary, Novel Laboratories based in Somerset, New Jersey. The inspection closed with thirteen observations. The company does not believe this will have an impact on the disruption of existing supplies or revenue from operations at this facility. The facility contributes less than 5% of its global revenue, the company said.

  • Tata Consulting Services: To consider declaration of complementary dividend on April 11.

  • State Bank of India: India’s largest public sector lender has acquired a 5% stake in India Debt Resolution Company.

  • Vedanta/Hindu zinc: The company will obtain 580 MW of renewable energy for its operations. in Hindustan Zinc, Bharat Aluminum Co. and Vedanta Ltd.

  • Sterlite Technologies: The company has sold a 64.98% stake in Maharashtra Broadcast Communication Infrastructure for Rs 43 crore.

  • Mahindra Club: The company has voluntarily liquidated its Finnish arm Suomen Vapaa-aikakiinteistot Oy LKV.

  • Adani Companies: The unit wins an order of Rs 2010 crore from NHAI.

  • Adam Wilmar: The company has subscribed for 90,000 shares of Rs 10 each in AWL Edible Oils and Foods, a wholly owned subsidiary.

  • Punjab and Sindh Bank: The bank has issued Rs 272.51 crore of equity shares of Rs 10 par value each at Rs 16.88 per share on a preferential basis to the Government of India. The government’s share has now increased to 98.25% from 97.07%.

  • Kansai Nerolac paints: To consider dividend on May 10.

  • ICON: The company will sell its entire stake in NCC Vizag Urban Infrastructure to GRPL Housing for Rs 199.5 crore.

  • Future retailer: The company reappointed Kishore Biyani as CEO for three years from April 1. Executive director Sadashiv Nayak resigned.

  • Union Bank: The bank reduced its stake in India Debt Resolution Co. from 12.3% to 5%.

  • National Bank of Punjab: The bank reduced its stake in India Debt Resolution Company from 11.18% to 5%.

  • Novartis/Bosch: To consider declaration of complementary dividend on May 19.

  • indian bank: The bank appointed Sunil Jain as CFO in place of Arun Kumar Bansal, effective March 31.

  • Japan Asset Management: To consider dividend declaration on April 26.

  • Vardhaman Textiles: The company received NCLT approval for the merger scheme of VMT Spinning Company, Vardhman Nisshinbo Garments with Vardhman Textiles.

  • Mangalore Refinery and Petrochemical: The company has purchased mandatory convertible bonds from ONGC Mangalore Petrochemicals for Rs 1,019.99 crore.

  • BASF: To consider dividend declaration on May 9.

  • Gokaldas Exports: The company expects a two-week delay in raw material imports due to China’s lockdowns, possibly partially affecting production in the short term.

  • CEAT: The company said it “has never turned itself in or been part of any cartel or engaged in any anti-competitive practice” after media reports said the Indian Competition Commission raided the company’s offices on March 30.

  • CSB Bank: The bank’s managing director and chief executive officer, CVR Rajendran, took early retirement effective March 31.

  • Cypla: The company obtained provisional approval for Dolutegravir Lamivudine from the US FDA.

  • Ritesh Industries and Properties: The company has listed 12.22 lakh shares at Rs 10 each, issued at a premium of Rs 12 to the promoter on a preferential basis exercising the optionally fully convertible bonds.

  • Ruchi Soya: The company approved an issue price of Rs 650 per share for its follow-on public offering.

  • Raymond: The company has received NCLT approval for the plan to spin off Raymond Apparel, which comprises B2C businesses, including the apparel business.

  • Wipro: Unit Wipro GE Healthcare opens its new manufacturing facility in Bangalore.

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