Natural Gas Update Pullman: Strong storms will impact the Northwest and the eastern US the next few days w/rain, snow, and gusty winds. Temperatures will be mild over much of the South and East w/highs of 40s to 70s, while cool to cold over the northern and central US w/highs of 0s to 30s. A frigid cold shot will advance into the Rockies and Midwest late in the week w/lows of -10s to 20s, then spreading across much of the US next week for strong demand. Overall, Moderate demand the next 5-days, then strong this weekend into next week.
Mahindra and Mahindra: The company will collaborate with a US-based automobile technology company, Mobileye for software solutions and to explore building a full-stack autonomous driving system.
The company received a no-objection letter from the Reserve Bank of India for setting up a finance company in the International Financial Services Centre situated in GIFT City, Gujarat.
Polycab India: The company denied media reports of tax evasion and said that it has not received any communication from the income-tax department regarding the outcome of the search.
Lupin: The pharma major received approval from the USFDA for the launch of Bromfenac
Ophthalmic Solution, 0.07% in the United States.
Shyam Metalics And Energy: The company raised Rs 1,385 crore through qualified institutional placement at Rs 576 per share, which indicated a discount of 9.70% to the current market price.
Steel Strips Wheels: The National Company Law Tribunal approved the acquisition of the AMW
Autocomponent. The company has also invested Rs 138.15 crore into AMW Autocomponent through a mix of equity for Rs 5 crore and an inter-corporate loan of Rs 133.15 crore.
IRCTC: The Railway Ministry nominated Sanjay Kumar Jain as the chief managing director of the company.
Life Insurance Corp: The company has increased its stake to 5% from 4.8% in Navin Fluorine.
KIOCL: The company’s operations at the Mangalore pellet plant were suspended due to the non-availability of iron-ore fines.
Karnataka Bank: The private lender partnered with Digivriddhi to offer a host of financial services catering to the needs of dairy farmers and milk societies.