“Stock Market Buzz: M&M, SpiceJet, Cochin Shipyard, Delta Corp, Lupin, Zee, and More Making Waves by their transactions and collaborations.
M&M expands its collaboration with Mobileye Global Inc.
M&M expands its collaboration with Mobileye Global Inc. , a company developing autonomous driving technologies,. They are planning to make cutting edge driving technology by this collaboration which will be fully autonomous in driving vehicle.
SpiceJet’s Strategic Meeting with Carlyle Aviation
As per the sources told CNBCTV18, Carlyle Aviation’s president Robert Korn held a meeting with SpiceJet CMD Ajay Singh. Carlyle Aviation’s current stake in SpiceJet at 7 percent. Carlyle Aviation had discussion on prospects and strategies for SpiceJet and SpiceXpress.
Delta Corp’s Q3 Financial Performance
Delta Corps net profit degraded by 59.34 percent to the profit of previous year Rs 34.48 crore. Delta Corp has degraded the revenue which decreases by 15.58 percent to Rs 231.74 crore. The companies strong division are casino and online gaming divisions which is not performing well results in decreasing revenue of Delta Corp
Lupin’s FDA Approval for Bromfenac Ophthalmic Solution
– Lupin’s launch of the Bromfenac Ophthalmic solution in the US for postoperative inflammation and ocular pain for person had gone through cataract surgery. FDA has given approval for this Lupins product.
Karnataka Bank’s Partnership with for Financial Services
Karnataka Bank has announced a partnership with the fintech company Digivriddhi. This partnership will be helpful for dairy farmers and milk societies. The partnership will offer financial services to them to give institutional credit and digitized payment solutions for dairy value chain.
Societe Generale’s Equity Shares Sale in Zee Entertainment Enterprises
Societe Generale , a europe-based group sells 78,36,744 equity shares in Zee Entertainment at an avg price of Rs 259.1 per share. The transaction was an open market transaction
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