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: Wednesday, May 19, 2021, 12:26 AM IST
Stocks to watch: Axis Bank, Panacea Biotec, Torrent Pharma, Ujjivan SFB, Abbott India, L&T, Canara Bank, Tata Motors others
There are some stocks that may be much more active than others. So, some stocks to watch out for today are:
Axis Bank: Specified Undertaking of the Unit Trust of India (SUUTI) is looking at selling 3.6 crore shares via offer for sale (OFS) in private lender Axis Bank at a floor price of Rs 680 per share. This will help the government raise up to Rs 3,949.34 crore.
Panacea Biotec: Although Serum Institute of India (SII) CEO Adar Poonawalla on Monday offloaded his entire stake in Panacea Biotec amounting to 5.15 per cent shareholding of the firm, SII continues to hold 9.83 per cent stake in Panacea Biotec. The listed company informed the exchange that Poonawallaâs company SII through various holding and investing companies has a 9.83 per cent stake in Panacea Biotec.
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Partnership Delivers Performance Engineering and Manufacturing Supply Chain Solutions Through the Cloud to Enable Remote Access, Enterprise Scale and Operational Agility Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it has partnered with Larsen Toubro Infotech (LTI) to deliver AspenTech solutions through LTI managed cloud services, which will accelerate the digitalization journey for capital-intensive industries.
The partnership enables LTI to deliver AspenTech s performance engineering desktop solutions, such as Aspen HYSYS and Aspen Plus
, as well as AspenTech s manufacturing supply chain solutions, including Aspen Unified, Aspen PIMS-AO and Aspen Petroleum Scheduler, through the cloud. This alliance allows industrial organizations to bring their own license to gain high-fidelity remote access to their mission-critical applications, increase compute flexibility and performance gains for more accurate, fas
Construction execution picks up, rich order inflows to aid recovery
April 06, 2021
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Projecting a pick up in the country’s engineering, procurement and construction (EPC) sector in FY 2022, India Ratings expects that the rich order inflows into the sector will aid recovery of the sector hit by the panedemic.
Order book revenue visibility increased 3.1x the revenue on trailing twelve-month due to higher order allocations in almost all segments. It expects roads, buildings, railways and irrigation related segments to see major order inflows in FY22, backed by rich budgetary allocations.
Ind-Ra in its FY22 construction outlook has revised the sector outlook to improving from negative, based on the rich budgetary allocations which would result in huge order inflows coupled with better execution rates.
Amit Chadha Takes Charge as CEO & MD of L&T Technology Services
Thursday, April 1, 2021 8:50PM IST (3:20PM GMT)
Amit Chadha, CEO & Managing Director of L&T Technology Services
Bengaluru, Karnataka, India: L&T Technology Services Limited (BSE: 540115; NSE:LTTS), a global leading pure-play engineering services company, today announced the appointment of Amit Chadha as CEO & Managing Director effective April 1, 2021 in line with previous disclosures made to stock exchanges dated October 19, 2020. Prior to his elevation, Amit was serving the company as Deputy CEO & Whole-Time Board Member.
Amit joined LTTS in 2009 and has been a core member of LTTS’ executive management team, actively involved in the company’s listing on stock exchanges in 2016. Subsequently, he progressed to assume charge as President, Sales and Business Development, where he was responsible for helping global R&D customers and Fortune