Stocks that will see action today (July 4)

Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltdannounced that HULIO injection, a biosimilar replacement for Humira (adalimumab), is now available to patients in the United States after five years of experience in Europe and two years in Canada. Biocon Biologics, which recently acquired the global biosimilar company Viatris, has received multiple approvals for biosimilars in the United States, Europe, and in more than 100 countries around the world. By acquiring Viatris’ biosimilars business, Biocon Biologics can now help provide patients and healthcare professionals with affordable and cost-effective treatment options for diabetes, cancer and immunology.

Waaree Renewable Technologies, which received a letter of honor in connection with EPC services for a 210 MW DC solar power plant, has commissioned a 122.50 MW DC solar project.

Reliance Jio Infocomm Ltd, the telecom arm of Reliance Industries Limitedis to launch a new ₹999 ($12.19) internet-enabled phone to boost digital adoption among entry-level mobile users in the country.

TI Clean Mobility Private Ltd, a subsidiary of Tube India India Limited, entered India’s largest commercial vehicle segment with its fourth electric vehicle platform. TICMPL will launch a new subsidiary to market eSCV (Small Electric Commercial Vehicles). TICMPL has entered into an agreement with J. Anand, Managing Director of Jayem Automotives (P) Ltd (Jayem Auto), to jointly invest in the new company, in which TICMPL has an 80 per cent stake. Further, to increase its R&D capabilities and rapid product development, TICMPL entered into definitive agreements to acquire 50 per cent stake in Jayem Auto through a combination of primary underwriting and secondary share purchase, amounting to ₹206 crore.

board of directors IDFC First Bank Approved a composite scheme to merge IDFC Financial Holding Company Ltd and IDFC with itself. The plan envisages the reduction of the bank’s securities premium account. Shareholders will receive 155 shares of IDFC First Bank for 100 shares of IDFC. After the merger, the book value per share of the bank will increase by 4.9 per cent.

Also read: The market will open in a fixed currency, referring to NSEIX’s Nifty futures contract

Anupam Rasian has signed a Memorandum of Understanding with 3xper Innoventure Ltd, a subsidiary of Tube India India Limited, to supply targeted and specific modern drug molecules. Active Pharmaceutical Ingredient (API) specific products will be developed according to CRAMS and CDMO models.

Lupine Ltd It has received approval from the United States health regulator for its generic version of cyanocobalamin nasal spray. The approval granted by the US Food and Drug Administration (USFDA) is for a new drug application abbreviated for cyanocobalamin nasal spray at a strength of 500 mcg/spray (one spray per device), Lubin said in a statement.

IndusInd International Holdings Ltd (IIHL) of Hinduja Group, promoter of IndusInd Bankwill raise $1.5 billion to increase its stake in IndusInd Bank from 15 percent to 26 percent, and to fund the acquisition of Reliance Capital.

GenusPower Infrastructures won an order of Rs 2,207.53 crore for prepaid smart meters.

Eris Oaknet Healthcare Pvt Ltd, a wholly owned subsidiary of Iris Live Science Ltdtransferred to the company all dermatological brands previously acquired from Glenmark Pharmaceuticals Ltd. The transfer consideration for this internal transfer of the group is Rs. 339.68 crore.

HDFC Bank has sanctioned a term loan facility of ₹ 10 crore to SRG Housing Finance2 crore received by the company on Monday. SRG Housing Finance will remain in focus.

board of directors Chalet hotels He agreed to raise funds of up to Rs 500 crore in non-convertible debentures or any other debt instrument, in one or more tranches, to refinance high cost debts. The board has also agreed to raise funds of up to Rs 100 crore by borrowing from promoters for the expenses of a housing project in Bengaluru.

board of directors India oil He agreed to revise the capital cost from Rs. 6,555 crore to Rs. 7,231 crore in the implementation of the Numaligarh petrochemical project.