financetom
Market
financetom
/
Market
/
Stocks to Watch: Infosys, Reliance, Lemon Tree, GMM Pfaudler and more
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stocks to Watch: Infosys, Reliance, Lemon Tree, GMM Pfaudler and more
Sep 14, 2023 10:22 PM

GMM Pfaudler: GMM Pfaudler Ltd, along with its subsidiary GMM Pfaudler US Inc., announced to buy all the shares of Professional Mixing Equipment Inc. (known as MixPro). A total consideration of USD 7 million will be paid to acquire MixPro and the transaction will be funded through internal accruals and is expected to close by October 2023. MixPro is a company in Brampton, Canada, that makes new and smart mixing equipment for different industries.

Lemon Tree: The company has signed agreements to open two new hotels. One will be called "Lemon Tree Hotel" in Junagadh, Gujarat, with 64 rooms, a restaurant, a banquet hall, and more. It should be ready by 2025. The other one, called "Tigerland Safari - A Lemon Tree Resort," will be in Chitwan, Nepal, with 35 rooms, a restaurant, and more. It should be ready by 2024. The company's subsidiary, Carnation Hotels Private Limited, will run these hotels.

Infosys: Infosys has signed an Memorandum of Understanding with a global company to provide enhanced digital experiences, along with modernization and business operations services, leveraging Infosys platforms & AI solutions. The total client target spend over 15 years is estimated at $1.5 Billion. This is subject to parties entering into a Master Agreement.

Religare: Insurance Regulatory and Development Authority of India ("IRDAI") has granted approval for the acquisition of MIC by REL, subject to certain conditions outlined in the approval letter, which has been communicated to MIC. The completion of the MIC acquisition will be subject to meeting the conditions precedent as specified in the Share Purchase Agreement.

Bharat Forge: The Board of company has granted approval for additional investment in KPTL, which in turn will allocate the funds to its wholly-owned subsidiary, Kalyani Mobility Inc. The investment is expected to be finalized by September 30, 2023. KPTL, a public limited company and a wholly-owned subsidiary of Bharat Forge, and KMI, a wholly-owned subsidiary of KPTL.

Reliance Industries: Company is proposing to undertake shutdown of its units at Jamnagar for planned maintenance and inspection activities. This includes one Crude Distillation Unit & one Delayed Coking in SEZ refinery - for about 4 weeks starting from the fourth week of September 2023; Fluidized Catalytic Cracker in DTA refinery - for about 7 weeks starting from mid-September 2023; and a Refinery Off Gas Cracker - for about 4 weeks starting from the last week of September 2023.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech
Sector Update: Tech
Oct 21, 2024
01:48 PM EDT, 10/21/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) falling 1%. The Philadelphia Semiconductor index was decreasing 0.4%. In corporate news, SecureWorks ( SCWX ) agreed to be bought by Thoma Bravo-backed Sophos for $859 million in a cash...
US Equity Indexes Fall Amid Surge in 10-Year Yield to Highest in About 12 Weeks
US Equity Indexes Fall Amid Surge in 10-Year Yield to Highest in About 12 Weeks
Oct 21, 2024
12:44 PM EDT, 10/21/2024 (MT Newswires) -- US equity indexes fell amid surging government bond yields and crude oil futures in midday trading on Monday. The Nasdaq Composite fell 0.2% to 18,457.3, the S&P 500 was down 0.4% to 5,840.6 and the Dow Jones Industrial Average was 0.7% lower at 42,949.3. All sectors, except technology, were in the red intraday,...
CEE MARKETS-Forint drops after two days of gains, markets see rate cut pause
CEE MARKETS-Forint drops after two days of gains, markets see rate cut pause
Oct 21, 2024
PRAGUE, Oct 21 (Reuters) - Central Europe's currencies retreated on Monday, with the forint dropping the most as it snapped a two-day winning streak ahead of the Hungarian central bank's meeting this week, where markets are counting on a pause in interest rate cuts. The Hungarian forint fell beyond the psychological 400-per-euro level this month, for the first time since...
Sector Update: Energy
Sector Update: Energy
Oct 21, 2024
01:35 PM EDT, 10/21/2024 (MT Newswires) -- Energy stocks were easing Monday afternoon, with the NYSE Energy Sector Index decreasing 0.1% and the Energy Select Sector SPDR Fund (XLE) marginally lower. The Philadelphia Oil Service Sector index was posting a 0.4% increase, and the Dow Jones US Utilities index was shedding 0.5%. Front-month West Texas Intermediate crude oil was rising...
Copyright 2023-2026 - www.financetom.com All Rights Reserved