IT major HCL Technologies will announce its quarterly earnings today, 15 January 2021.

Larsen & Toubro Infotech (LTI) plans to expand its multi-year, global alliance with IBM to help businesses transform their operations through open hybrid cloud adoption. With the proposed center, LTI will help their clients migrate and modernize core business applications leveraging IBM's open hybrid cloud platform built on Red Hat OpenShift.

Ircon International achieved milestone by opening the 30 KM section between Korichhapar to Dharamjaigarh within the targeted date i.e., 31.12.2020. A Trial run was carried on 31 December 2020. The cost of this line is approximately 325 crores and the work is executed by Ircon International under an SPV named Chhattisgarh East Railway.

Bharat Dynamics and Thales have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence system with the support of both the Governments of India and the United Kingdom.

HFCL's consolidated profit after tax jumped 86.2% to Rs 85.11 crore on 49.7% rise in revenue to Rs 1277.48 crore in Q3 December 2020 over Q3 December 2019.

DEN Networks' consolidated profit after tax jumped 390% to Rs 60 crore on 8% rise in revenue to Rs 342 crore in Q3 December 2020 over Q3 December 2019.

Infosys' net profit jumped 16.6% to Rs 5,197 crore on a 12.3% rise in revenues to Rs 25,927 crore in Q3 December 2020 (Q3FY21) over Q3 December 2019 (Q3FY20). Sequentially, net profit rose 7.3% and revenue increased 5.5% in Q3FY21 over Q2 September 2020 (Q2FY21).

Infosys has revised FY21 growth guidance upward to 4.5% to 5% in constant currency term. Operating margin for FY21 is revised upward in the range of 24% to 24.5%.

Wipro reported 20.37% rise in consolidated net profit to Rs 2,968 crore on a 3.68% increase in revenue to Rs 15,670 crore in Q3 December 2020 (Q3 FY21) over Q2 September 2020 (Q2 FY21). The company's consolidated net profit has grown by 20.85% and revenue has risen by 1.29% in Q3 FY21 over Q3 FY20.

Wipro expects revenue from its IT services business to be in the range of $2,102 million to $2,143 million in Q4 March 2021, a sequential growth of 1.5% to 3.5%.

Tata Consultancy Services (TCS) has launched a curated version of its flagship cloud management and orchestration platform, TCS Cloud Exponence on Microsoft Azure.

Power Grid Corporation of India (POWERGRID) has signed the 'Termination Agreement' amongst Reliance Infrastructure (Rlnfra) and Parbati Koldam Transmission Company (PKTCL) terminating the Shareholders' Agreement (SHA) dated 23 November 2007, which was executed between POWERGRID, Rlnfra and PKTCL to form a JVC named PKTCL, wherein POWERGRID and Rlnfra hold 26% and 74% equity shares in PKTCL, respectively.

SAIL said the government will sell up to a 10% stake in the company through offer for sale on January 14-15 and the floor price has been fixed at Rs 64 per share.

Indian Bank has successfully raised Tier 2 Capital Fund through Private Placement of Basel III compliant Tier 2 Bonds aggregating to Rs 2000 crore at a coupon of 6.18% p.a. payable annually.

Among key results Infosys and Wipro will announce their quarterly earnings today, 13 January 2021.

Tata Motors Group global wholesales in Q3 FY21, including Jaguar Land Rover, were at 278,915 units, higher by 1%, as compared to Q3 FY20. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q3 FY21 were at 90,365 units, lower by 4%, over Q3 FY20. Global wholesales of all passenger vehicles in Q3 FY21 were at 1,88,550 units, higher by 4% as compared to Q3 FY20.

Hero MotoCorp has reinforced its presence in Central America by appointing new distributor partners in Nicaragua and Honduras, with aggressive expansion plans for both countries. Hero MotoCorp has lined up a slew of new launches, including its range of premium motorcycles, in both countries and will also expand its network with extensive customer touch-points and flagship stores in key markets.

Bharti Airtel said that in compliance of the FDI approval dated 20 January 2020 granted to the company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments. Accordingly, the company is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.

Tech Mahindra has agreed to acquire 100% shareholding of Payments Technology Services for $9 million. The transaction is expected to close by 31 March 2021.

Bharat Rasayan said its board of directors approved the proposal of buyback of 93,472 equity shares or 2.2% shares at Rs 11,500 per share.

Tata Motors wholly owned subsidiary Jaguar Land Rover UK said retail sales for the quarter ending 31 December 2020 were 128,469 vehicles, 13.1% higher than the 113,569 vehicles sold in the preceding quarter, but down 9.0% on the same period last year.

GAIL (India) said that the meeting of the board of directors of the company is scheduled on 15 January 2021, to consider buyback of the equity shares and declaration of interim dividend.

Dr. Reddy's Laboratories announced that the independent Data and Safety Monitoring Board (DSMB) has reviewed the safety data from the phase 2 clinical trial of the Sputnik V vaccine and recommended the phase 3 recruitment and continue the clinical trial without any modifications.

Sunteck Realty announced its Q3 and 9M FY20-21 operational updates. The company saw a growth in pre-sales for Q3 FY21 at Rs 349 crore; it was up by 75% QoQ and by 7% YoY as well. Collections also grew at 79% QoQ to Rs 252 crore for Q3 FY21 and by 52% YoY. High buyer interest witnessed in both completed and newly launched projects.

Force Motors said that the board of directors has approved for issuance of Non-convertible Debentures (NCDs), up to Rs 500 crore through private placement in one or more tranches.

TCS reported 16.4% rise in consolidated net profit to Rs 8,701 crore on a 4.7% increase in revenue to Rs 42,015 crore in Q3 December 2020 (Q3 FY21) over Q2 September 2020 (Q2 FY20). The September quarter net profit had a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC.

Tata Steel India's crude steel production in 3QFY21 remained strong at 4.60 mn tons, registering a 3%YoY growth. Tata Steel India saw strong sales momentum in 3QFY21, however, sales volumes were constrained by lower opening inventory post very strong sales in 2QFY21.

Vedanta said its promoters has made voluntary open offer for the acquisition of up to 371,750,500 equity shares representing 10% of the fully diluted voting share capital of the company from the public shareholders. The offer is made at a price of Rs 160 per equity share.

Avenue Supermarts' consolidated total revenue for the quarter ended 31 December 2020 stood at Rs 7,542 crore, as compared to Rs. 6,809 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY21 stood at Rs.689 crore, as compared to Rs. 597 crore in the corresponding quarter of last year. Net Profit stood at Rs. 447 crore for Q3FY21, as compared to Rs. 384 crore in the corresponding quarter of last year.

Narayana Hrudayalaya said the company has discontinued its operations of the Heart Centre which was operated in the premises of IQ City Hospital in Durgapur, West Bengal under an Agreement with IQ City Foundation (formerly known as SPS Synergy Foundation).

KEC International has secured new orders of Rs 1,024 crore across its various businesses.

Tata Consultancy Services (TCS) will declare its December 2020 quarter earnings today, 8 January 2021.

Biocon announced that the board of its subsidiary Biocon Biologics has approved a primary equity investment by Abu Dhabi based ADQ (ADQ), one of the region's largest holding companies. As per the terms of the proposed agreement, ADQ will invest Rs 555 crore for a 1.80% minority stake in the biosimilar business, valuing Biocon Biologics at a post money valuation of about $4.17 billion.

Bharat Rasayan said that a meeting of the board of directors of the company will be held on 12 January 2021 to consider the proposal of buyback of equity shares of the company.

Strides Pharma Science announced that Aditya Puri has joined the Strides Group as an Advisor and also will be a Director of its associate company, Stelis Biopharma (Stelis).

CRISIL has assigned its 'CRISIL BBB-/Stable' rating on the long-term bank facilities of AGC Networks (AGC).

Maruti Suzuki India said total production increased to 1.55 lakh vehicles in December 2020, from 1.15 lakh vehicles in December 2019.

Lupin announced that it has received approval for its Sulfamethoxazole and Trimethoprim Oral Suspension USP, 200 mg/40 mg per 5 mL, from the United States Food and Drug Administration, to market a generic equivalent of Bactrim Oral Suspension, 200 mg/40 mg per 5 mL, of Sun Pharmaceutical Industries, Inc.

Dixon Technologies (India) has entered into an agreement with Imagine Marketing Private ('boAt') for Manufacturing of Twin wireless speakers. The manufacturing will take place from the company's manufacturing facility located at Noida, Uttar Pradesh.

Shares of Wendt (India) will be in focus. Carborundum Universal and Wendt GmBH (the Sellers) propose to sell up to an aggregate of 94,704 equity shares of Wendt (India) (representing 4.74% of the total issued and paid-up Equity Share capital) on January 07, 2021 and on January 08, 2021. The floor price for the sale is Rs 2,200 per share.

Ramco Systems announced that it will implement its Aviation M&E MRO Suite v5.8 for America's leading Heli Operator and Maintenance, Repair and Overhaul (MRO) player, Construction Helicopters Inc. (“CHI Aviation”), part of Heligroup Inc. and its four operating and three asset-holding entities in the U.S.

HDFC Bank's advances aggregated to approximately Rs 10,820 billion as of December 31, 2020, a growth of around 16% as compared to Rs 9,360 billion as of December 31, 2019 and a growth of around 4% as compared to Rs 10,383 billion as of September 30, 2020. The bank's deposits aggregated to approximately Rs 12,710 billion as of December 31, 2020, a growth of around 19% as compared to Rs 10,674 billion as of December 31, 2019 and a growth of around 3% as compared to Rs 12,293 billion as of September 30, 2020.

ACC announced the successful commissioning of its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective 2 January 2021. The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.

BEML received orders from MoD for supply of High Mobility vehicles, at an approximate value of Rs 758 crore.

Ircon International said its wholly owned subsidiary Ircon Davanagere Haveri Highway (IrconDHHL) has refunded the loan of Rs 326.72 crore to Ircon International. On 1 January 2021, Ircon International had intimated about Corporate Guarantee furnished to Punjab National Bank for loan to Ircon Davanagere Haveri Highway (IrconDHHL).

The board of directors has in-principally agreed to explore demerger of film business of Tips Industries into separate entity.

Bajaj Finance said new loans booked during Q3 FY21 were 6 MM as compared to 7.7 MM in Q3 FY20. Assets under management (AUM) stood at approximately Rs 143,700 crore as of 31 December 2020 as compared to Rs 145,092 crore as of 31 December 2019. Customer franchise as of 31 December 2020 stood at 46.3 MM as compared to 40.4 MM as of 31 December 2019.

Sun Pharmaceutical Industries announced that it has initiated Phase 2 clinical trial for SCD-044 (a novel, orally bioavailable sphingosine-1-phosphate (S1P) receptor 1 agonist) in patients with moderate to severe plaque psoriasis.

Force Motors said the company's domestic sales sold at 787 vehicles and exports were 297 vehicles in December 2020.

KNR Constructions has received orders worth of Rs 603.63 crore from Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project, Chennai for Upgrading Cheyyur - Vandavasi Polur Road (SH-115).

Wonderla Holidays is set to reopen in Hyderabad from 9 January 2021 onwards.

Hemisphere Properties India informed that Government of India sanctioned loan amounting to Rs 40 crore to the company at the terms and conditions decided by Ministry of Finance, Government of India.

Shares of Reliance Industries (RIL) will be in focus. The Securities and Exchange Board of India (Sebi) has imposed an aggregate penalty of Rs 70 crore on Reliance Industries (RIL), its chairman Mukesh Ambani and two other entities for manipulative trading. The case pertains to sale and purchase of Reliance Petroleum (RPL) shares in the cash and the futures segments in November 2007. This followed RIL's decision in March 2007 to sell 4.1% stake in RPL, a listed subsidiary that was later merged with RIL in 2009.

Hero MotoCorp's total sales rose 5.29% to 4,47,335 units in December 2020 from 424,845 units in December 2019. The company's domestic sales grew by nearly 3.1% to 4,25,033 units in December 2020 from 412,009 sold units in December 2019. Total exports jumped 73.75% to 22,302 units in December 2020 over December 2019.

Tata Motors' total sales have improved by 43.34% as compared to 1,10,379 vehicles sold in Q2 September 2020 (Q2 FY21). Total sales in the domestic and international market stood at 1,58,215 vehicles in Q3 December 2020 (Q3 FY21), up by 22.29% from 129,381 units during Q3 December 2019 (Q3 FY20).

Eicher Motors' total Royal Enfield sales jumped 37% to 68,995 units in December 2020 as against 50,416 units in December 2019. In a separate announcement, VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors, announced that its total commercial vehicles (CV) sales fell 3% to 4,892 units in December 2020 from 5,042 units in December 2019.

Coal India said its coal production on provisional basis rose 0.50% to 58.30 million tonnes (MT) in December 2020 from 58 MT in December 2019. Coal offtake in December 2020 stood at 52.6 MT, recording an 2.1% fall from 53.7 MT in December 2019.

BEML said that Government of India has decided to disinvest 26% of the total equity share capital of the company through strategic disinvestment with transfer of management control (Strategic Disinvestment or Transaction).

TVS Motor Company said the company's total sales grew 17.5% year-on-year to 272,084 units in December 2020 as against 231,571 units in December 2019.

Kansai Nerolac Paints on Friday (1 January 2021) announced that it subscribed 1.65 crore equity shares of its subsidiary, Kansai Nerolac Paints (Bangladesh).

NMDC said its iron ore production increased 23.3% to 3.86 million tonnes (MT) in December 2020 from 3.13 MT in December 2019. The company's iron ore sales climbed 19.08% to 3.62 MT in December 2020 from 3.04 MT in December 2019.

Auto stocks will remain in focus today as companies from auto sector are scheduled to release auto sales figures for December 2020.

Shares of Antony Waste Handling Cell will debut on the bourses today, 1 January 2021. The issue price was fixed at Rs 315 per share.

Mahindra & Mahindra and Ford Motor Company have mutually, amicably determined they will not complete a previously announced automotive joint venture between their companies.

IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on 31 December 2020 pursuant to receipt of the requisite regulatory approvals.

Bharat Dynamics is geared up to take up export order with the announcement from the Union Cabinet regarding clearance of Akash Weapon System for export.

Infibeam Avenue has divested its 100% ownership with control in its Wholly Owned Subsidiary i.e. Cardpay Technologies to its subsidiary i.e. Instant Global Paytech (GoPay). Hence, Cardpay will become a step down subsidiary of the company.

Tips Industries said that the meeting of the board of directors of the company is scheduled on 5 January 2021 to consider and approve to explore demerger of the film business and consider any other matters incidental thereto including appointment of intermediaries like independent valuer, merchant banker for fairness opinion, etc.

Vedanta emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the company's Jharsuguda Aluminium Smelter.

FDC said that the company is in the process to expand its production capacity by installation of an additional BFS machine at one of the company's existing plant located at B-8, MIDC Area, Dist. Aurangabad, Waluj, Maharashtra.

Indian Bank informed you that the bank has further raised Tier 1 Capital Fund through Private Placement of Basel III compliant AT 1 Perpetual Bonds aggregating to Rs.392 crore at a coupon of 8.44% p.a. payable annually.

Sangam (India) said the board of directors of the company has approved allotment of 40,00,000 equity shares at a price of Rs 50 per equity share, aggregating to Rs 20 crore.

Filatex India said that proposed installation of captive rooftop solar power generation of 1 MW at Dahej and 0.4 MW at Dadra has been successfully completed and commenced commercial operation with effect from 30 December 2020.

Jindal Steel & Power (JSPL) got “Regular Supplier” status from Indian Railways to supply 60kg 880 grade (90UTS) Rails.

UPL has completed the pre-payment of US$410 mn of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on 28th December 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt.

Torrent Pharmaceuticals said that the Secured Redeemable Non Convertible Debentures (NCDs) of Rs 166.70 crore out of the total NCDs of Rs 500 crores has been redeemed and repaid by the company on 29 December 2020.

APL Apollo Tubes said that CARE Ratings has revised the credit rating of long-term bank facilities of the company to AA-/Stable and has reaffirmed the credit rating of short-term bank facilities at A1+.

NLC India informed that 10,000 units of Commercial Paper of a face value of Rs 5,00,000 each, aggregating to Rs 500 crore have been issued and allotted on 29 December 2020.

Biocon announced the launch of Tacrolimus capsules in the US. Tacrolimus, a calcineurin inhibitor, is an immunosuppressant used in the treatment of organ transplant patients, which reduces the body's ability to reject a transplanted organ. It has been particularly effective in treating patients of renal transplant for more than two decades.

The Board of Directors of HDFC Bank has recommended the appointment of the Part-Time Chairperson of the Bank and has submitted its recommendation to the Reserve Bank of India for approval. The tenure of the existing Part-Time Chairperson of the Bank, Mrs. Shyamala Gopinath, shall end at the close of business hours of January 1, 2021, pursuant to the tenure approved by the Reserve Bank of India.

Titan Company intimated that the authorised Committee of the Board of the Company has given its approval to provide corporate guarantees aggregating to Rs. 906 crore to various banks on behalf of Titan Commodity Trading, a wholly owned subsidiary of the Company.

TVS Motor Company introduced the 2021 TVS Apache RTR 160 4V with Bluetooth enabled TVS SmartXonnect in Bangladesh. This is the first-of-its-kind two-wheeler connected cluster technology in the country.

The Great Eastern Shipping Company delivered its 2000 built Suezmax Crude Carrier “Jag Lateef” to the buyers. The vessel was contracted for sale in November 2020.

AU Small Finance Bank announced its partnership with ICICI Prudential Life Insurance, one of the top Private Life Insurance companies to offer customised, need and goal-based Life Insurance solution.

Shares of Reliance Industries (RIL) will be in focus. RIL has entered into definitive agreements to acquire the shares held by IMG Singapore Pte. Ltd in IMG-R, for a cash consideration not exceeding Rs 52.08 crore. Post completion of acquisition, IMG-R will become a wholly-owned subsidiary of the company and will be rebranded by the company. IMG Reliance (IMG-R) is a joint venture between IMG Worldwide LLC (IMG) and RIL. IMG Singapore Pte. Ltd., a wholly owned subsidiary of IMG, holds 50% of the share capital of IMG-R. IMG-R is engaged in the business of creation, management, implementation and commercialisation of sporting, fashion and entertainment events in India.

Lupin announced that it has received tentative approval for its Efinaconazole Topical Solution, 10%, from the United States Food and Drug Administration, to market a generic equivalent of Jublia Topical Solution, 10%, of Bausch Health Americas, Inc.

Shares of DLF will be watched. DLF Cyber City Developers (DCCDL), the rental arm of DLF Group, has entered into a Securities Purchase Agreement with funds managed by Hines (Hines) for acquisition of their stake in Fairleaf Real Estate “Fairleaf”, which owns and operates One Horizon Center. The purchase consideration for this acquisition is approximately Rs 780 crore.

Coal India's board has accorded approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain (Ingot-wafer-cell-Module-and-generation).

Zydus Cadila announced that its plasmid DNA vaccine to prevent COVID-19, ZyCoV-D was found to be safe, well tolerated and immunogenic in the Phase I/II clinical trials. The company is now planning to initiate Phase III clinical trial in around 30,000 volunteers upon receiving necessary approvals.

Shares of Mrs Bectors Food Specialities will debut on the bourses today, 24 December 2020. The final issue price has been fixed at Rs 288 per share.

ACC has approved the renewal of the existing Technology and Know-How Agreement ('TKH Agreement') with Holcim Technology ('HTL') under which the Company pays TKH fees @1% of net sales each year, to HTL, for a period of 2 years with effect from 1 January 2021, i.e., on the same terms of the existing TKH Agreement.

Tata Communications has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies.

AU Small Finance Bank announced the launch of its new Mobile Banking App and NetBanking Portal. Aimed at providing a superior and comprehensive digital experience to customers, the new platforms will offer over 100 services that cater to not only regular banking needs but also daily lifestyle requirements such as ticket booking, bill payments, tax payments, shopping offers and much more.

ARSS Infrastructure Projects received work order of Rs 301.20 crore for execution of work of 4 Laning of Itanagar to Banderdewa section of NH-415 on EPC mode in Arunachal Pradesh.

Bajaj Auto announced that it has signed a Memorandum of Understanding with the Government of Maharashtra to set up a manufacturing facility on a proposed investment of Rs 650 crore in Chakan, Maharashtra. The facility is expected to commence production in 2023. This facility will be utilised for manufacturing high end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles starting with Chetak.

Wipro announced a significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the food service distribution industry. Wipro said that its share buyback offer will open on 29 December and close on 11 January 2021.

Infosys and Daimler AG announced a long-term strategic partnership for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The collaboration will empower Daimler to strengthen its IT capabilities, and Infosys, its automotive expertise.

Shares of Jubilant FoodWorks will be in focus after its Domino's Pizza franchise introduced “The Unthinkable Pizza”, India's first plant protein based product. The Pizza would be available at all Domino's restaurants across Delhi NCR, Mumbai and Bangalore.

Forbes & Company said its board of directors has approved entering into Memorandum of Understanding (MOU) with GPX India (GPX) and Equinix India (Equinix) (upon Equinix exercising its right of substitution/step in) for sale of approximately 3.804 acres of land at Chandivali for a consideration of Rs 200 crore.

Aster DM Healthcare and Cayman Islands Government announced an agreement making the Cayman Islands Aster's clinical excellence hub for the Western hemisphere, serving the Caribbean Region, North America, Canada, Latin & South America. The agreement will see Aster initially develop around 150-bed comprehensive, tertiary and quaternary care hospital, with an opportunity to expand in the future based on need, alongside an assisted living facility and healthcare university in the long-term.

Tata Motors announced that there will be a price increase across its commercial vehicle range, effective 1 January 2021. The steady rise in material and other input costs, impact of forex and transition to BS6 norms, have cumulatively escalated the cost of manufacturing vehicles.

Lupin announced that it has received approval for its Rufinamide Oral Suspension, 40 mg/ml, from the United States Food and Drug Administration, to market a generic equivalent of Banzel Oral Suspension, 40 mg/ml, of Eisai Inc.

Thermax said that the company has acquired remaining 24% stake in First Energy Private Limited (FEPL), an alternative energy solution company, effective December 21, 2020. Accordingly, the equity shareholding of the Company in FEPL stands increased from 76% to 100%.

Shares of Wendt (India) will be in focus. Carborundum Universal and Wendt GmBH propose to sell up to an aggregate of 94,704 equity shares of Wendt (India) (representing 4.74% of the total issued and paid-up Equity Share capital) on December 22, 2020 and on December 23, 2020. The floor price for the sale shall be Rs 2,200 per share.

NIIT said that the meeting of the board of directors of the company is scheduled on 24 December 2020, to consider proposal for buyback of equity shares of the company.

Reliance Industries (RIL) and bp on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG-D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 - R Cluster, Satellites Cluster and MJ - which together are expected to meet approximately 15% of India's gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participating interest and bp holds a 33.33% participating interest.

Infosys on Friday (18 December 2020) announced that it has divested one-third of its holding in Boston-based Whoop Inc for about $10 million. In 2015, Infosys had made a minority investment of $3 million in Whoop, which offers performance optimisation solutions for professional athletes and sports teams.

Lupin on Friday (18 December 2020) announced that it has received US drug regulator's approval to market colesevelam hydrochloride tablets, 625 mg. The drug is a generic equivalent of Welchol tablets of Daiichi Sankyo, Inc. The drug is indicated to reduce elevated low-density lipoprotein cholesterol (LDL-C) in adults with primary hyperlipidemia. It is also indicated to reduce LDL-C levels in boys and postmenarchal girls, 10 to 17 years of age, with heterozygous familial hypercholesterolemia (HeFH).

Oberoi Realty said that its wholly-owned subsidiary Evenstar Hotels has purchased a hotel property situated at Dr. Annie Besant Road, Worli, Mumbai, for a consideration of Rs 1040 crore. The 221-key '5 Star' hotel will be operated and managed under the Ritz-Carlton brand. Earlier the hotel was owned by Oasis Realty (an association of persons), and is part of the project 'Three Sixty West' developed by Oasis Realty.

PVR said its board of directors approved the issue of equity shares of the company of the face value of Rs. 10/- each, against which American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) may be issued, foreign currency convertible bonds, non-convertible debt instruments along with warrants, and/ or other securities in one or more tranches for an aggregate amount not exceeding Rs 800 crore.

CESC said that a proposal for issue of secured non-convertible debentures aggregating upto Rs 200 crore, will be considered by a committee of the board of directors of the company at its meeting to be held on 23 December 2020.

K P R Mill will set up a new sugar mill with higher ethanol capacity to increase revenue and profitability. K P R Mill has decided to establish a new sugar mill with sugar capacity of 10,000 tons of cane per day (TCD), power capacity of 47.50 megawatt (MW) and ethanol capacity of 230 kilo litre per day (KLPD).

Punjab National Bank (PNB) said that its capital raising committee approved the closure of the qualified institutions placement (QIP) issue on 18 December 2020. The sub-committee of the board approved the issue of 106,70,52,910 equity shares at Rs 35.50 each to the eligible qualified institutional buyers in the QIP, aggregating to Rs 3,788.03 crore.

IDBI Bank on Friday (18 December 2020) announced that the qualified institutions placement (QIP) committee of the board approved the closure of the QIP issue on 18 December 2020. The sub-committee of the board approved issuing 37,18,08,177 equity shares at Rs 38.60 each to the eligible qualified institutional buyers in the QIP issue, aggregating to Rs 1435.18 crore.

Zee Entertainment Enterprises (ZEE) said that the board of directors of the company has approved the acquisition of film production and distribution business as a going concern, on a slump sale basis from Zee Studios (formerly known as Essel Vision Productions), a wholly owned subsidiary of the company, for a cash consideration. Also the board of directors of the company considered and approved the transfer of the Digital Publishing Business Division of the company to Rapidcube Tecbnologies through a Business Transfer Agreement.

BPCL said its board of directors has accorded its 'in principle' approval for merger of Bharat Gas Resources (a wholly owned subsidiary of BPCL) with BPCL. BGRL is engaged in the business of Natural Gas.

Separately, the board of directors of the company has accorded its approval for acquisition of 888,613,336 (36.62%) of equity shares in Bharat Oman Refineries (BORL) from OQ S.A.O.C. (formerly known as Oman Oil Company S.A.O.C).

Dishman Carbogen Amcis said its promoter - Adimans Technologies LLP proposes to sell upto 68,98,457 equity shares representing 4.4% stake in the company through offer for sale on December 18 and December 21. Floor price is set at Rs 145.70 per share.

Mazagon Dock Shipbuilders informed that the Basin Trials (BT) of the first Ship of Project 15B (Yard 12704, Vishakhapatnam) was successfully completed at MDL, in the presence of Overseeing and Trials teams of the Indian Navy. The Ship is slated to complete sea trials by April 2021.

Isgec Heavy Engineering has secured a new order from KPR Sugar & Apparels to set up a 10,000 TCD Sulphurless Sugar Plant, 40 MW CoGeneration Plant, 60 TPH Incineration Boiler and 7.5 MW Power Plant for Zero Liquid Discharge system for client's distillery plant on EPC basis. The order is valued at Rs 431 crore.