Panacea Biotec receives licence to produce Sputnik V; Equity Intelligence India buys stake in Cupid & many more buzzing news!

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Indian Hume Pipe: The company has received a letter of acceptance for the work of about Rs 257.60 crore from Madurai City Municipal Corporation.  

Wockhardt: The company has incorporated a new subsidiary namely, Wockhardt Biologics.   

Avenue Supermarts: Standalone revenue from operations for the quarter ended (QE) June 30, 2021, stood at Rs 5,031.75 crore. The total number of stores as of June 30, 2021, stood at 238.  

Uttam Sugar Mills: The company has successfully commissioned the distillery with 50 KLPD capacity at Libberheri unit. Preference Share Redemption Committee of the company’s board of directors at a meeting held on July 2, 2021, has redeemed the following preference shares- 1) 3,66,000, 6.50 per cent non-cumulative redeemable preference share of Rs 100 each. 2) 67,000, 10.00 per cent non-cumulative redeemable preference share of Rs 100 each along with a premium of Rs 100 each, as per the terms of the issue.   

Bharat Forge: At the company's Chakan plant, w.e.f. June 04, 2021, around 210 employees opted for the scheme, which involved the overall pay-out cost of Rs 63.32 crore.  

Panacea Biotec: Panacea Biotec announces the receipt of manufacturing licence to produce Sputnik V vaccine at Baddi (Himachal Pradesh).   

Tata Steel: Tata Steel India Crude steel production grew by 55 per cent YoY in 1QFY22 as 1QFY21 was impacted due to the COVID-19 pandemic as well as the stringent nationwide lockdown. Tata Steel India’s deliveries increased by 42 per cent YoY.   

HCL Technologies: HCL and Fiskars Group announced a strategic partnership for digital transformation.   

Datamatics Global Services: Datamatics wins multiple Stevie Awards for its intelligent automation (IA) suite of products.   

Cupid: Porinju Veliyath-owned Equity Intelligence India acquired 1.4 lakh shares of Cupid.