Stocks In News : JV (CG Power )

 

 CG Power has entered a definitive agreement to acquire Renesas Electronics Corporation’s radio frequency (RF) components business for $36 million, marking its entry into semiconductor design.

The RF components business, part of Japan-based Renesas, generated $56 million in revenue in 2023. Under the agreement, CG Power will acquire intellectual property, equipment, inventories, and select employees, helping to enhance its expertise in RF component design and marketing. 

 A new subsidiary, CG Semi Pvt Ltd, has been formed to manage the Outsourced Semiconductor Assembly and Test (OSAT) operations.

Stocks In News :- Bonus

 

NBCC (India) Ltd on September 2 after the PSU firm’s board recommended issuing bonus shares to shareholders at a 1:2 ratio.

NBCC (India) has set October 7 as the record date to determine eligibility for the bonus shares.

Stocks In News :- Bagging Order

 

GPT Infraprojects bagged The contract, awarded by CAO Construction, South Eastern Railway, involves the construction of multiple Road Over Bridges (ROBs) and associated bridge approaches between Andul-Sankrail and Nalpur-Bauria Stations on the Howrah-Kharagpur section.

Stock In News - PC Jeweller

 

PC Jeweller informed exchanges that the One Time Settlement (OTS) terms include both cash and equity components, along with provisions for the release of securities and mortgaged properties held by the banks.

Earlier the State Bank of India (SBI), the nation's largest lender, accepted the OTS proposal from PC Jeweller.

Stocks In News - Bagging Order(Welspun Enterprises Limited)

 

Welspun Enterprises Limited is the lowest bidder to construct an access-controlled multi-modal corridor in Navghar to Balavali, Maharashtra.

The quoted amount is Rs 1,864.71 cr and will be constructed within 36 months from the date of notice of commencement.