Latest News in Finance and Stock Market 19June2023

LT Foods Ltd. celebrates ‘Daawat Biryani Champions League’ amid great fanfare

The competition aims to celebrate the exceptional skills and creativity of professional chefs who bring alive the delectable biryani experiences. The ‘Daawat Biryani Champions League’ was judged by a panel of judges comprising of Renowned Chef, Restaurateur & Columnist – Shaun Kenworthy, Celebrity Chef – Mr. Manjit Gill and an accomplished Food Writer and Critic – Ms. Madhushree Basu Roy, who were led by Renowned Food Critic – Mr. Vir Sanghvi.

During the event, 6 renowned professional Chefs from Kolkata participated in Live Biryani Cooking. The participants included Chef Sarfaraz Hossain (Al – Faiz Family Restaurant & Caterers), Chef Ahmed (Sanjha Chulha), Chef Sharafat Ali (Aminia Restaurant), Chef Mohammad Al Qamar (Kohinoor Biryani), Chef Rajkumar (Hatari Restaurant) and Chef Ashok Biswas (The Sonnet). They were selected from 150 entries received from Kolkata for the ‘Daawat Biryani Champions League’. The competition was open to all professional Chefs. As a part of the selection process, the professional Chefs were required to submit a video of their recipe.

The winner of the competition secured the prestigious “Daawat Biryani Champion” title, along with a trophy, certificate, the Chef Coat of the Biryani Champion, and a cash prize of INR 51,000.

CAN FIN HOMES Appointed as Additional Director Shri Murali Ramaswami

Shri Murali Ramaswami is the holder of AICWA, MBA (Corporate Finance, Foreign Trade & Market Research), CAIIB and Diploma in Business Finance.

Over 30 years of experience in Banking sector, Shri Murali Ramaswami reached up to the position of Executive Director in Bank of Baroda and in Vijaya Bank. He had handled the first 3way amalgamation of Bank of Baroda, Vijaya Bank & Dena Bank as in-charge of Integration Management. He has Diverse and distinct experience of heading Corporate Credit, Treasury and Global Markets, International Operations, Cash Management, Integration Management, Information Technology, Digital Banking & Information Technology. He has expertise in NPA Management, Restructuring & Rehabilitation of units, experience in job evaluation & merit rating. He has handled Disciplinary Proceedings as Enquiry Officer. He is External Member in the panel of Screening Committee for Sanctioning and Recommendation of Compromise Proposal, Sale to ARC/ Bank/ FI/NBFC, empanelled COE Expert in Finance of IPA (Indian Port Association), External Expert in the Interview Committee for the promotion to top Management Scale in Indian Bank, Canara Bank and Indian Overseas Bank. He is a Member of the BFSI Board of the ICAI. Currently he is also an Independent Director in The Karur Vysya Bank Limited.

Asian Energy Services receives (LOA) INR 78.24 crores for 3D Seismic Data Acquisition services from  ONGC.

Asian Energy Services Limited (“AESL”) has received LOA from ONGC for 3D Seismic Data Acquisition services in Gujarat. The value of LOA is INR 78.24 crores. The contract duration is 11 months.

Asian Energy Services Ltd (AESL) receives Letter of Award (LOA) worth INR 78.24 crores for 3D Seismic Data Acquisition services from Oil & Natural Gas Corporation Ltd (ONGC).

Royal Orchid Hotel has appointed Mr. Philip Logan (COO)

Mr. Logan has over 30 years of rich experience in the hospitality Industry in India and Abroad.

Mr Logan has done his hotel management from Griffith University in Australia and MBA from Sydney university of Technology.

Mr Logan last assignment was Cluster leadership role for Voyages Indigenous Tourism Australia for Ayers Rock Resort in Southern Hemisphere Australia which has 5 resorts and 16 Food and beverage outlets.

Mr Logan was Vice President operation for Barque Hotels South Asia for 3.5 Years.

Coal India Limited OFS for Employee, 92,44,092 equity shares

This is to inform you that in accordance with the approval given by the Alternative Mechanism, basis the recommendations received from the high level committee of officers, Government of India, on May 31, 2023, the Seller is proposing to offer up to 92,44,092 equity shares (representing 0.15% of the total paid up equity share capital of the Company) of face value of ₹10 each to the eligible employees of the Company at a price of ₹226.10 per equity

OFS shall remain open from June 21, 2023 (10:00AM) to June 23, 2023 (05:30 PM) (both days inclusive)

Laurus Labs signs (MOA) with IIT Kanpur for novel gene therapy assets

Laurus labs has signed an MOA with IIT Kanpur (IITK) to bring novel gene therapy assets to market. As per MOA, Laurus labs will in-license few gene therapy assets and will provide research grant for advancing these products through the pre-clinical development. Laurus will also provide funding for the clinical trials and will launch these products in India and emerging markets. Additionally, Laurus labs will establish a GMP facility at the Techno Park facility of IITK.

Department of Biological Sciences and Bioengineering (BSBE) at IIT Kanpur has been working on gene therapy for the last few years and have developed few gene therapy assets along with technology for novel Adeno Associated Virus (AAV) vectors. They have filed IPs around these products and few additional patent applications will be filed in due course.

This partnership allows Laurus Labs to strengthen its presence in the promising Cell and Gene Therapy (CGT) space and allows it to become a leader in this space. These therapies are not available in India and emerging markets and this collaboration will help us in bringing these novel therapies to Indian patients at an affordable pricing. Additionally, this allows Laurus labs to offer CDMO services to cell and gene therapy companies.

Som Distilleries And Breweries Enhanced Capacity at our Odisha Plant

We are now pleased to announce that we have commenced trial production with our enhanced capacity at our Odisha Plant. This marks an exciting milestone for our company as we expand our product offerings and increase our production capabilities. The commercial production is expected by early next month.

Maruti Suzuki commences bookings for its upcoming premium 3-Row UV- ‘INVICTO’

Maruti Suzuki India Limited commences pre-launch bookings for its latest premium 3-Row UV, INVICTO, in the NEXA channel.

The INVICTO marks Maruti Suzuki’s grand entrance into the premium 3-Row segment, expanding the already diverse NEXA product lineup. Crafted to match the modern taste of NEXA customers, who want a premium 3-row vehicle with the characteristics of SUV and MPV both, the INVICTO will appeal to customers who are looking for a strong design, best-in-class passenger room, ample cargo space, spirited performance, advanced technology, and a host of utility features.

MSIL company has also launched a booking open campaign for INVICTO, across its social media handles. The launch is scheduled for July 05, 2023.

How To Book INVICTO

Customers can pre-book the brand’s pinnacle offering at any NEXA showroom with an initial payment of INR 25,000 or by logging on to www.nexaexperience.com

Lupin Receives EIR from US FDA for its API Manufacturing Facility in Vizag

Global pharma  Lupin Limited (Lupin) announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its API manufacturing facility located in Visakhapatnam (Vizag), India. The EIR was issued post the last inspection of the facility conducted from March 6 to March 10, 2023. The inspection closed with the facility receiving an inspection classification of “No Action Indicated” (NAI).

Happy to have received the EIR for our Vizag facility from the US FDA,” said Nilesh Gupta, Managing Director, Lupin. “We remain committed to ensuring the high quality of our products and ensuring the safety of our manufacturing processes unit in world wide.”