Stocks in the news: Aster DM, Tata Steel, HCL Infosystems, Aurobindo Pharma and M&M Financial

: Medcare Hospital LLC, a step-down material subsidiary of Aster DM Healthcare Limited has acquired a 60% stake in Skin III Limited. Skin III Limited is a private company incorporated in Dubai and is a leader in offering IV Drips (Vitamin and Detox) and other Aesthetics Procedures (HydraFacial, laser hair Removal etc).

: The rating agency India Ratings and Research (Ind-Ra) has affirmed its long-term Issuer rating of HCL Infosystems Limited as ‘BBB-/stable’.

: Indigo as per media reports has added 100th destination to its flight network and commenceed direct flights between Mumbai and Ras Al Khaimah, UAE.

: The RBI exercising its powers has directed the NBFC firm to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. However, the said NBFC may continue to carry out recovery or repossession activities, through its own employees.

Lupin: Lupin receives approval from the U.S. FDA for Diclofenac Sodium Topical Solution USP, 2% w/w.

: Tl Clean Mobility Private Limited, a wholly-owned subsidiary of Tube Investments on Wednesday acquired 13,836 equity shares of the face value of Rs 10/- each, representing about 65.2% of the subscribed and paid up equity share capital of lPLT.

: The company’s North Carolina units get establishment inspection reports from the US FDA. USFDA pre-approval and GMP inspection concludes with EIR and voluntary action initiated.

: The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries –

, , The , TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.

: The company via its filing informed that the 2-wheeler auto major has made an upward revision in the ex-showroom prices of its motorcycles and scooters, with immediate effect i.e. September 22, 2022. The price revision has been necessitated to partially offset the impact of cost inflation. The price revision will be up to Rs. 1,000 and the exact quantum of increase will vary by model and market.

: The telco company in association with WhatsApp has launched ‘Airtel IQ Hackathon’ inviting start-ups to build new age

on WhatsApp’ issued by the Company.

: Birla Estates Pvt. Limited, a 100% wholly owned subsidiary and the real estate arm of

Limited (CTIL), announced its acquisition of a 10-acre land parcel at Raja Rajeshwari Nagar, South Bengaluru. The project has a development potential of 1 Mn sq. ft. with a revenue potential of Rs 900 Crore.

Trident: The company has completed solar power project of 8.87 MWp at Budhni, Madhya Pradesh out of which commissioning of 5.48 MWp Solar Power Plant (Phase I) for captive use has been successfully completed and the remaining 3.39MWp Solar Power Plant (Phase II) is expected to be commissioned within next 15 days. Moving towards a greener planet, the Group aims to use renewable and clean energy for reducing carbon emission.