DCX Systems | DCX Systems, manufacturer of cables and wire harness assemblies, on Monday (July 1) said it has received a significant contract from Larsen & Toubro Ltd, India. The purchase order, valued at ₹1,250 crore plus applicable taxes, involves the manufacture and supply of electronic modules. The company is tasked with executing the order within a three-year timeframe, it said. READ MORE
Patanjali Foods | Patanjali Foods Ltd, which is mainly into edible oils, on Monday (July 1) said it will acquire the entire non-food business undertaking from Patanjali Ayurved Ltd (PAL) for ₹1,100 crore. The turnover of PAL for the year ending March 31, 2024, was approximately ₹6,199 crore. READ MORE Image Source: Reuters
IOL Chemicals | Pharma major IOL Chemicals & Pharmaceuticals Ltd (IOLCP) on Monday (July 1) said the company’s product, fenofibrate, has received approval from the National Medical Products Administration (NMPA) of China. READ MORE
Allied Blenders and Distillers Ltd | The newest kid on the block will make its market debut on Tuesday, July 2, and analysts expect the stock to list at a premium of 12-20% over the IPO price of ₹281 per share, somewhere between ₹340 and ₹350. READ MORE
ITC | ITC Hotels on Monday announced its foray into West Bengal with the opening of Storii Devasom Resort & Spa, Kolkata. The property is spread across 3 acres of land.
Narayana Hrudayalaya | Narayana Health introduced its first health insurance product, ‘Aditi’ on July 1. Aditi, being introduced as a pilot project in Mysuru, Mandya and Chamraj Nagar, is expected to be launched in Bengaluru as well in a couple of weeks. READ MORE
