The board of Morepen Laboratories has approved the hiving off the Medical Devices Business to Morepen Medtech Ltd, a subsidiary, on a ‘slump sale’ basis as a going concern. This hiving off is subject to the receipt of requisite regulatory approvals, including approval of the members of the company.

Electronic manufacturing services firm Optiemus Infracom’s arm will manufacture, sell and localise drones of Taiwan-based KunWay Technology, the company said in a regulatory filing. Optiemus Infracom’s wholly-owned subsidiary Optiemus Unmanned Systems Private Ltd (OUS) has partnered with KunWay Technology to manufacture their portfolio of drones in India.

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The Norwegian Pension Fund Global has sold Home First Finance shares for ₹77 crore through an open market transaction. According to the bulk deal data on the National Stock Exchange (NSE), Government Pension Fund Global offloaded 7.50 lakh shares or 0.84 per cent stake in Mumbai-based HomeFirst Finance  at an average price of ₹1,023.28.

Larsen & Toubro (L&T) has launched the second multi-purpose vessel for the Indian Navy from its Kattupalli Shipyard near Chennai. The launch of the vessel, christened INS Utkarsh, comes within three months of the launch of the first MPV INS Samarthak.

The Competition Commission of India (CCI) has approved Ashoka Buildcon’s proposal to acquire the remaining 34 per cent stake in Ashoka Concessions Ltd. The proposed combination relates to the acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways, CCI said. Viva Highways is a subsidiary of Ashoka Buildcon.

Vodafone Idea has partnered with HCLSoftware to make its 4G and 5G networks more efficient, a release said on Tuesday. The telecom operator is now using HCL Augmented Network Automation (HCL ANA), a multi-vendor self-optimising network platform, to manage its Ericsson and Samsung networks.

Blue Dart has launched an integrated logistics hub in Bijwasan in the national capital, to enhance air and ground connectivity across the northern region. Strategically situated along the Dwarka Expressway and just 20 minutes away from the Indira Gandhi International Airport and with direct access to the IGI Airport, Indian Railways, metro corridors, and key national highways, the Bijwasan facility seamlessly integrates with the upcoming Gati Shakti Logistics Corridor, the company said.

SEBI has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for occurrence of the event (RBI’s approval) i.e. December 24, 2024 at 3:14 PM.

Adani Green Energy has said its step-down arm, Adani Renewable Energy Forty Eight Ltd, has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With the commissioning of this plant, AGEL’s total operational renewable generation capacity has increased to 11,666.1 MW, a regulatory filing said.

Choice International’s broking arm on Tuesday said it has entered into a partnership with AI-powered financial news platform StockBee to provide investors and traders access to real-time financial news. “This partnership is a first in the broking industry, making Choice the only stock broking company to offer this unique feature, Choice Equity Broking said in a statement.

 Awfis Space Solutions Ltd has opened its first centre in Lucknow comprising 47,694 square feet of office space to meet the demand for flexible workspaces from corporates. The centre is located at Gomti Nagar in Lucknow, Uttar Pradesh.

HDFC Asset Management Company on Tuesday reported a 31 per cent jump in profit after tax (PAT) to ₹641.5 crore in three months ended December 2024. This was in comparison to ₹489.6 crore in the year-ago period, HDFC AMC said in a stock exchange filing. The company’s revenue from operations rose 39 per cent to ₹934.3 crore in the quarter under review from ₹671.3 crore in the third quarter December 31, 2023.

Shoppers Stop has announced its fiscal third-quarter earnings report with a profit of ₹52.23 crore, posting a growth of 41.74 per cent in comparison to ₹36.85 crore during the same period last year. The company posted a quarterly profit growth after two-quarters of loss. 

Indian Railway Finance Corporation has emerged as the lowest bidder (L1) to finance ₹3,167 crore for the development of the Banhardih coal block in Latehar district, Jharkhand. The project is being undertaken by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC (holding a 74% equity stake) and Jharkhand Bijli Vitran Nigam (26% equity stake).

Allcargo Gati has reported a total volume of 113 kilotonnes (kt) for December 2024, an 8 per cent year-on-year (YoY) growth, compared to 105kt in December 2023. The monthly volume also saw a 10.8 per cent increase from 102kt recorded in November 2024.

Premier Energies has informed the exchanges that its subsidiaries Premier Energies Global Environment, Premier Energies International, and Premier Energies Photovoltaic has received orders aggregating to ₹1,460 crore. The exchange filing said that these orders include solar modules worth ₹1,041 crore and solar cells worth ₹419 crore.

Innova Captab Ltd, a leading integrated pharmaceutical company, has announced the commencement of commercial production at its manufacturing facility in Kathua, Jammu. The facility comprises four dedicated manufacturing blocks including General, Cephalosporin, Penicillin and Penum with a capability to manufacture a diverse range of products in oral solid dosages, dry powder injectables, dry syrup, BFS, large volume parenterals and respiratory respule products.