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| CAPITALSTARS INVESTMENT ADVISER |
Morning news and update
Minda Corporation: The National Company Law Tribunal, New Delhi bench, has approved the scheme of amalgamation of five domestic Indian wholly-owned subsidiary companies i.e. Minda Management Services Limited, Minda SAI Limited, Minda Automotive Solutions Limited, Minda Autoelektrik Limited & Minda Telematics and Electric Mobility Solutions Private Limited into Minda Corporation.
HCL Technologies: HCL Technologies and Oracle Health Sciences will collaborate to accelerate mHealth in clinical trials.
Tata Power: Tata Power Solar has commissioned 70kW solar rooftop installation at India International Centre, New Delhi.
IOL Chemicals and Pharmaceuticals: The company has made prepayment of the term loan of Rs 14 crore due to banks in addition to regular repayment schedule. The company has made prepayment of the term loan of aggregate amount of Rs 98.18 crore till date to reduce its debt.
SRF: The board of directors has approved project for setting up of an integrated facility for development of PTFE at an estimated cost of Rs 424 crore.
Music Broadcast: Radio City has become the first Indian radio network to acquire commercial rights to sell ad space at the Lucknow metro stations and play curated content for three years.
Wipro: The company has announced that Designit, its strategic design arm, has opened a new studio in Sydney to expand its Australian operations and meet growing business requirements in the region
Wabco India: On the back of weak demand and based on customer schedules, the company has closed operations in five of its plant for a certain period of time.
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