stokcs in news today 12/04/2021

 stokcs in news today 12/04/2021

                                   

                                      

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Q4 Results Today

Tata Consultancy Services (TCS)

Mahindra & Mahindra

Mahindra & Mahindra will invest Rs 3,000 crore in its 

electric vehicles business in the next 3 years.

Wipro

Wipro received a $1-billion funding through a 1-year overseas loan for its acquisition of Capco, a British IT consultancy firm

Tata Power

Tatas have terminated their investment deal with Petroliam Nasional Bhd (Petronas) in Tata Power’s proposed renewable energy infrastructure investment trust (InvIT).

The deal was worth almost 2$ billion.

Petronas is a Malaysian oil and gas company.

Pharma Stocks

The government banned exports of the covid-19 

drug Remdesivir after reports of shortages, hoarding and profiteering in Mumbai and several other cities in India.

Hetero Drugs, Cipla, Zydus Cadila and Dr Reddy’s

 Laboratories, among few other Indian companies, 

produce Remdesivir under a licensing pact with Gilead Sciences.

NIIT

NIIT‘s Rs 237 crore-buyback offer will open today.

The buyback is for 98.75 lakh shares at Rs 240 per share.

Balrampur Chini Mills

Balrampur Chini Mills approved Rs 425 crore

 worth of investment for a new distillery plant of 320 kilolitres per day.

The plant may begin operations by December 2022.

Ansal Housing

Ansal Housing faced multiple ransomware attacks on its IT system since February 26, 2021, resulting in possible data loss.