Stocks in news: Nestle India, Titan, Vodafone Idea, Wipro, Tata Steel
The Board of Nestle India approved paying a royalty fee to its parent company Nestle S.A. The payment will be made at a rate of up to 5.25% of total net sales and it is payable in a staggered manner over five years.
Equity markets started the new fiscal on a high as benchmark indices scaled fresh lifetime highs last week. In today's trade, shares of , Titan, Vodafone Idea, ,Nestle India
The Board of Nestle India approved paying a royalty fee to its parent company Nestle S.A. The payment will be made at a rate of up to 5.25% of total net sales and it is payable in a staggered manner over five years.
Titan
Consumer discretionary major reported a high double-digit revenue growth for the quarter ended March 2024 on the back of solid show by jewellery and emerging businesses.
The company has reported standalone billings of Rs 827 crore during the quarter and the year ended March 2024.
Aurobindo Pharma has appointed T Vijaya Kumar as President, Research and Development, with effect from April 5.
Vodafone Idea
The Board of Vodafone Idea has approved issuance of up to 139 crore shares at an issue price at Rs 14.87 per share to Oriana Investments.
Wipro
Thierry Delaporte, the Chief Executive Officer of India's fourth largest IT services company Wipro , resigned on Saturday, the company said in a statement.
Read more: Here's the trade setup for today's session
Tata Steel
Tata Steel's India production rose 4% year-on-year to 5.38 mt and India deliveries were up 5% to 5.41 mt, the company said in a filing.
Gland Pharma received approval for Eribulin Mesylate Injection that is used to treat Breast Cancer spread to other parts of the body.
Cochin Shipyard has signed a master shipyard repair agreement (MSRA) with the US Navy to repair US Naval Vessels under Military Sealift Command.
Strides Pharma
US FDA has concluded current good manufacturing practices (cGMP) inspection at Stride Pharma’s Chennai facility with 2 observations.
Chandra Shekhar Ghosh will retire as the MD and CEO of Bandhan Bank upon tenure completion.
Indiabulls Real Estate has approved raising up to Rs 3,910.93 crore through preferential issue of equity shares and convertible warrants.
Source: Stocks-Markets-Economic Times
