Stocks in focus: Zomato, HDFC Life, Aurobindo Pharma and more on March 18
Zomato: The food delivery app firm has received an order for FY2018-19 pursuant to the audit of GST returns and accounts by the Deputy Commissioner of State Tax, Gujarat raising the GST demand of ₹4,11,68,604, along with applicable interest and penalty totalling ₹8,57,77,696.HDFC Life Insurance: The HDFC Group firm has received a GST order from the Deputy Commissioner of State Tax, Special Circle, Patna, with a tax demand of ₹1,25,48,789.KPI Green Energy: The renewable energy firm has been awarded an order of 100 MWAC Solar Power Project order by MAHAGENCO.Zydus Lifesciences: The pharma major has received final approval from the USFDA and 180 days of CGT exclusivity for Finasteride and Tadalafil Cap Capsules.Dr Lal PathLabs: The diagnostics major has appointed Shankha Banerjee as CEO and Key Managerial Personnel (KMP) with effect from May 21, 2024.Lupin: The pharma major has informed exchanges of the USFDA inspection of its manufacturing facility at Aurangabad from March 6 to March 15, 2024. The inspection closed with the issuance of a Form 483 with one observation.Ashoka Buildcon: The company has acquired 4,91,39,970 equity shares of ₹10 each from GVR Infra Projects Ltd, out of a total of 9,45,00,000 equity shares to be acquired. GVR Ashoka Chennai ORR Ltd. has become a subsidiary of the company.Railtel: The public sector undertaking has bagged an order worth ₹352 crore from BMC for supply, operations and maintenance of HMIS—the health department of the Mumbai municipal corporation.SJVN: The renewable energy firm has received a Letter of Intent from GUVNL for the 200 MW Solar Project.Standard Industries: The Board of Directors of the company, at its meeting held on March 15, 2024, declared an interim dividend of ₹0.50 per share on 6,43,28,941 equity shares of ₹5 each of the company for FY 2023–24.
