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Kolkata: The equity markets were subject to a fair degree of volatility on Monday, Dec 15, and finally the major indices closed slightly in the red. But Nifty 50 closed above the important level of 26,000. In the Nifty 50 basket, 27 stocks declined and 22 improved while one stock closed at the same level as last week. Auto, energy and banking stocks declined on Monday, while IT and FMCG stocks gained. Also investors are expected to keep an eye on these stocks.
State Bank of India
SBI will sign a 150 million euro credit line with the German development bank KfW. This funding will be for climate-friendly energy projects. The Centre has also appointed Ravi Ranjan as the bank's new managing director.
Ion Exchange India
This firm has received contracts totaling Rs 205 crore from Rayzon Energy and INOX Solar. The Rs 95 crore order from Rayzon Energy relates to process and utility systems for a 5.1 gigawatt PV solar project. The contract from INOX Solar, worth approximately Rs 110 crore, relates to ultra-pure water, wastewater treatment, and zero liquid discharge solutions.
Panacea Biotec
The board has appointed Vinod Goyal as its new CFO after earlier CFO Devendra Gupta resigned. His appointment will be effective today, Dec 16.
Zydus Lifesciences
The company's US subsidiary, Sentynl Therapeutics, announced that the US FDA has approved the resubmission of a new drug application for copper histidinate CUTX 101. This drug is used to treat Menkes disease in children.
Delhivery
The logistics company has launched its on-demand intracity shipping service in Mumbai and Hyderabad. Through the Delhivery Direct app, customers can avail pickup within 15 minutes.
HCL Technologies
Aurobay Technologies, a unit of Horse Powertrain, has expanded its digital transformation partnership with HCL Technologies, aiming to drive manufacturing excellence and innovation.
RBL Bank
Bhuvanesh Tharashankar, the bank's CFO, has resigned from his position to pursue new opportunities outside the organization.
Senores Pharmaceuticals
The company has signed a share purchase agreement to acquire 100% of Apnar Pharma's shares. The acquisition will be completed in two phases and Apnar Pharma will become a wholly-owned subsidiary of Senores Pharmaceuticals.
Arvind SmartSpaces
It has acquired a new residential high-rise project in the Whitefield area of Bengaluru. The project has a total saleable area of approximately 4.6 lakh square feet and a topline potential of approximately Rs 550 crore.
Lemon Tree Hotels
It has announced the signing of the Lemon Tree Hotel Bandipur in Nepal which will be managed by its subsidiary, Carnation Hotels. This hotel has 80 rooms.
Solex Energy
Solar manufacturer Solex Energy has signed a non-binding MoU with Malaysia's TT Vision Holdings Berhad. The partnership aims to advance solar manufacturing automation, engineering, and talent development in India.
Atlanta
The company has registered a development agreement for the redevelopment of a housing society in Mumbai's Borivali area. The project has a GDV of approximately ₹500 crore and will provide approximately 1.75 lakh square feet of saleable carpet area.
Newgen Software Technologies
The company has received an order worth Rs 16.53 crore for the supply, installation, customisation and maintenance of a digital lending platform.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, any form of alternative investment instruments and crypto assets.)
