Stocks to Watch: Exide Industries, Aurobindo Pharma, L&T, Bajaj Finance
Exide Industries: Exide Industries Ltd has settled its trademark dispute with the UK’s Vertiv Company Group Ltd. and India's Vertiv Energy Pvt. VCGL and VEPL have agreed that the trademark Chloride and its variants in India are registered by Exide, according to an exchange filing issued on Friday.
Aurobindo Pharma: The United States Food and Drug Administration (US FDA) concluded a pre-approval inspection of Unit-I & III of Aurobindo Pharma subsidiary APL Healthcare’s formulation manufacturing facility in Telangana with zero observations. The inspection, conducted from 13-17 November, was closed with "no action indicated". Larsen & Toubro: Qatar's General Tax Authority has fined the company ₹111.31 crore for 2016-2017 and ₹127.64 crore for 2017-2018.
The company has filed an appeal, saying the fines are arbitrary and unjustified. Delhivery: Japanese conglomerate SoftBank has sold a nearly 2.5% stake in the integrated logistics provider for ₹739 crore through an open market transaction. Data from the NSE showed that SoftBank affiliate SVF Doorbell (Cayman) Ltd offloaded 1,83,05,480 shares at an average price of ₹403.51.
NBCC (India): NBCC has signed a memorandum of understanding with the Institute of Chartered Accountants of India (ICAI), which has awarded it contracts to plan, design and construct its buildings and undertake renovation at various locations in India. NBCC will complete the works at a PMC fee of 6.5% of the project cost. Bajaj Finance: The company has temporarily stopped issuing member identification cards (EMI Cards) to new customers until certain deficiencies observed by the RBI are rectified to the regulator’s satisfaction.
Read more on livemint.com
