Dr Reddy's Laboratories

The United States Food & Drug Administration (USFDA) completed a GMP inspection at the company’s API Middleburgh facility in New York and issued a Form 483 with two observations. The inspection was conducted during May 12–16.

Bharat Electronics

The company has received additional orders worth Rs 572 crore since April 7, including Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI-based solutions for ships, simulators, communication equipment, jammers, spares, and services.

KEC International

The RPG Group company has secured new orders worth Rs 1,133 crore for transmission and distribution projects in India.

RPP Infra Projects

The company has received a letter of acceptance for a new project worth Rs 154.43 crore. The project involves the supply of factory-finished fabricated boiler structures at Koderma in Jharkhand.

Max Healthcare Institute

The company’s subsidiary Crosslay Remedies has executed a sale deed for the acquisition of a 4,000 square meter land parcel, along with the building thereon, located adjacent to Max Super Speciality Hospital, Vaishali, for Rs 120 crore. This strategic acquisition paves the way for the addition of approximately 140 beds at Max Super Speciality Hospital, Vaishali, over the next 30 months.

Lumax Auto Technologies

The Board has approved the company’s acquisition of the remaining 25% stake in IAC International Automobile India from its existing shareholder, IACG Holdings LUX SARL, for Rs 221 crore. Post-acquisition, IAC International Automobile India will become a 100% material subsidiary of the company.

Sun Pharmaceutical Industries

The USFDA has granted Premarket Approval (PMA) for the next generation of the BLU-U Blue Light Photodynamic Therapy (PDT) Illuminator, which features LED (light-emitting diode) panels replacing the previous model’s fluorescent tubes. The new model (LED BLU-U), in combination with Levulan Kerastick (aminolevulinic acid HCl) topical solution, 20%, is indicated for the treatment of minimally to moderately thick actinic keratoses (AK) of the face, scalp, or upper extremities.

NBCC (India)

The company has sold 446 residential units at Aspire Silicon City, Phase IV, Noida, through an e-auction at a total sale value of Rs 1,467.93 crore. NBCC will earn a marketing fee of 1% of the sale value.

JSW Steel

The Board of Directors will meet on May 23 to consider the raising of long-term funds and to discuss the recommendation of dividend payment.

Bajaj Auto

The company’s subsidiary Bajaj Auto International Holdings BV (BAIH BV) has entered into loan agreements with JP Morgan Chase Bank N.A., DBS Bank, and Citigroup Global Markets Asia to avail loans of 566 million euros (Rs 5,431.08 crore). It is an unsecured loan with a term of one year.

PNC Infratech

The Arbitral Tribunal has announced an arbitration award worth Rs 485.28 crore, along with 12% annual interest, in favour of PNC Infratech. This pertains to an EPC project for the construction of balance work of the new four-lane Agra Bypass in Uttar Pradesh, under the National Highways Authority of India (NHAI).

GlaxoSmithKline Pharmaceuticals

The company has reported a fire incident at one of its contract manufacturing facilities, resulting in temporary production disruption. The company is currently assessing the impact and is working closely with the site to expedite resumption of operations.

Vodafone Idea

The company has acquired a 26% stake in Sangli Wind Energy for Rs 31.2 lakh. Sangli Wind Energy is a special purpose vehicle (SPV) created to own and operate a captive power plant. Post-acquisition, Sangli Wind Energy has become an associate of Vodafone Idea.

Bharti Airtel

Promoter entity Pastel sold a 1.16% stake (7.1 crore shares) in the company at an average price of Rs 1,814.08 per share, amounting to a total value of Rs 12,880 crore.

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