15 March 2022 – Trading Activity & Stock Market Updates – SIP Calculator

15 March 2022 – Trading Activity & Stock Market Updates

RITES

The company has declared a third interim dividend of Rs 7.50 per share. The record date has been fixed as March 25 for the payment of the dividend.

Reliance Industries

Reliance New Energy Ltd, a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV for a total transaction value of US$ 61 million including funding for future growth. The assets include the entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees as a going concern

Manappuram Finance

The board of directors of the company will be meeting on March 17 to consider the borrowing program for FY23 and the business plan for FY23.

DLF

DLF has pre-leased one million sq ft of office space at its project DLF Downtown in Chennai, to Standard Chartered Global Business Services. This will be the company’s largest global office campus once completed

Wipro

The IT services company has bagged a contract from Speira which has operations in Germany and Norway. Over the next five years, Wipro will work to strengthen the technology infrastructure and cybersecurity requirements of Speira.

Avantel

The company has received a supply order of loco devices for implementation of RTIS phase – 2 (Real Time Train Information system). The order is valued at Rs 125.68 crore.

Persistent Systems

The company will buy MediaAgility India for $71.71 million. This includes an upfront payment of $53.25 million to shareholders.

Vodafone Idea

The telecom player announced its foray into the gaming industry through Vi Games on the Vi app in partnership with the gaming company Nazara Technologies.

Marsons

The board has approved the purchase of advanced thermoelectric technology to generate cheap sustainable power from waste heat and to reduce global CO2 emissions). The technology will be acquired from US-based company Micro Power Global Limited in lieu of equity shares to be allotted on a preferential basis. The board has also approved the plans for venturing into EPC for setting up electric vehicle charging stations.

Anupam Rasayan India

The firm said Afzal Malkani has resigned from the post of Chief Financial Officer of the company due to personal reasons. The company has appointed Amit Khurana as the Chief Financial Officer, with effect from March 15.