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Reliance Industries (RIL): Reliance Jio outclassed its two older incumbent rivals, adding nearly 4.5 million mobile phone users in June 2020, taking its subscriber tally past 397 million, signaling that consumers had taken last December’s tariff hike in their stride, and further helped by the gradual easing of Covid19 lockdown restrictions. Separately, Reliance Jio has started offering mobile services on 22 flights on international routes, with plans starting at Rs 499 per day.
RITES: The company it has bagged a Rs 206 crore contract to construct four road over bridges in Andhra Pradesh from Indian Railways. “RITES Ltd has been awarded a turnkey contract for construction of (ROBs) in replacement of existing level crossings on competition basis from Railway Board amounting to Rs 205.85 crore,” the company said in a statement.
Sun Pharma: The US arm of domestic pharma major Sun Pharma has said it is voluntarily recalling one lot of Riomet ER oral suspension in the US market, due to the presence of a probable human carcinogen above the acceptable daily intake limit.
IRBInfra: IRB Infrastructure Developers said its special purpose vehicle (SPV) will start toll collection on Yedeshi Aurangabad highway in Maharashtra post completion of the project. The company said the highway stretch on NH 211 has received completion certificate.
Bharti Airtel, Vodafone Idea: Bharti Airtel and Vodafone Idea (Vi), lost 1.12 million and 4.82 million customers respectively in June, in the aftermath of the December 2019 hikes and post-lockdown pangs as many feature phone users with prepaid connections gave up mobile connections as they were unable to recharge.
Tata Consultancy Services: Technology services exporter, Tata Consultancy Services, said that it will be building the technology infrastructure for US and Canada-based women’s fashion retail chain, ‘Maurices’.
Zee Entertainment Enterprises: Integrated Core Strategies (Asia) Pte bought 49,63,315 shares of Zee Entertainment Enterprises at Rs 190.53 per share.
Dixon Technologies: Max Life Insurance Co sold 65,000 shares of Dixon Technologies at Rs 8,402.01 per share, while The Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index Fund A Series Of V I E I F bought 64,452 shares of the company at Rs 8,402 per share. The insurance company held 1.2 per cent stake in the company at the end of June.
Indian Oil Corp: India’s top oil firm IOC is looking to defer some of its refinery expansion projects to sync them with changes in demand patterns resulting from the pandemic and a gradual rise in the use of cleaner fuels, PTI reported citing chairman Shrikant Madhav Vaidya.
IDFC First Bank: IDFC First Bank and a few other investors would be looking to lower their ownership in Suryoday Small Finance Bank, which is in the final laps of making an application for its initial public offer (IPO).
Advanced Enzyme Technologies: Nalanda India Equity Fund bought 41,90,491 shares of Advanced Enzyme Technologies at Rs 263.80 per share, while Advanced Vital Enzymes sold 30,00,000 shares of the company at Rs 265 per share.
Raymond: Textile and Apparels firm Raymond on Thursday said it will raise Rs 100 crore through NCDs on a private placement basis.
Power Grid Corp: Power Grid Corporation of India (PGCIL) has got shareholders’ approval to raise up to Rs 10,000 crore via bonds on a private placement basis in 2021-22.
Panacea Biotec: Drug firm Panacea Biotec on Thursday said it has successfully completed Phase I/II clinical study to evaluate the safety and immunogenicity of its DengiAlI vaccine.
Mindspace Business Parks REIT: K Raheja Corp and Blackstone Group backed Mindspace Business Parks REIT, has committed to transition to 100 per cent electric mobility by 2030.
Adani Enterprises: The Competition Commission has approved Adani Group’s proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route.
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