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Stocks that will see action today (June 17)

Railway consulting firm RITESltd has won a contract worth Rs 364.56 crore from Container Corporation of India Ltd. The order covers the operation and maintenance of shunting locomotives for 10 years.

Deltatech Gaming Ltd (formerly known as Gaussian Networks Pvt Ltd), a wholly owned subsidiary of Delta Corp Ltd, filed a draft red herring prospectus with SEBI, for a proposed initial public offering. The IPO comprising a new issue of ₹300 crore and an offer to sell the shares held by the company, is for an amount totaling up to Rs 250 crore.

Eros Investments has signed an alliance agreement with Wipro to evolve and scale content localization solution based on artificial intelligence (AI) and machine learning (ML). The solution will automate the tedious process of manually localizing captioning and dubbing content with near-human precision, resulting in significant time and cost savings for global media organizations, post-production and direct-to-consumer broadcast. (OTT) streaming platforms.

DNEG, a technology-based visual effects (VFX) and animation company for the creation of feature films, television and cross-platform content, and Sports Ventures Acquisition Corp, a publicly traded special purpose acquisition company, have mutually agreed to end their previously announced activity. combination agreement, effective immediately. DNEG merged in 2014 with Prime Focus World, a subsidiary of Main focus. The companies have decided to terminate the business combination agreement due to the currently unfavorable SPAC market conditions and other factors.

Vakrangee Limited has entered into a sales agreement with Decathlon Sports India Pvt Ltd, a global leader in sports equipment, to offer a full range of sports equipment and products to the unserved and underserved population of India.

LIC increases its stake in a pharmaceutical major Dr. Reddy’s Laboratories to more than 5% through share purchases on the open market from September 2021 to June this year, at an estimated cost of Rs 1,556 crore. The company’s stake in Dr. Reddy’s Laboratories has increased from 3.644% to 5.646% of Dr. Reddy’s paid-up capital, LIC said in a regulatory filing Thursday.

Information Technology Developer ordering bags worth ₹46 lakh for development of web application for Gujarat state seed certification agency. The order is for the design, development and maintenance of web applications, which will operate as a citizen-centric web portal for GSSCA. It will facilitate the self-registration of farmers or through the seed production agency of the respective district.

Fitch Ratings has revised the outlook for long-term issuer default ratings (IDRs) from Gael (India) to stable from negative and confirmed the long-term IDRs to ‘BBB-‘. The rating action follows the revision of India’s “BBB-” sovereign rating outlook to stable from negative on June 10.

Dhruv Consulting Services Received Letter of Acceptance for Project Management Consultancy Services (for NH216H) in Andhra Pradesh Dhruv Consultancy Services Ltd and Joint Tender Agreement – Geo Designs & Research (P) Ltd in association with Kius Consulting Pvt. The consultancy services fee for the project will be ₹18.29 crore excluding tax and the contract term is 102 months

Published on

June 17, 2022