BEML has been awarded the Letter of Acceptance from DMRC for supply of 378 metro coaches (63 metro trains) to Mumbai Metro Line - 2 & 7 project. The contract is worth about Rs 3015 crore and the scope of work include design, manufacture, supply, testing & commissioning of 378 metro coaches, supply of spares and training of personnel. As per the contractual timelines, train deliveries are scheduled to commence from July 2020 until September 2022. The announcement was made on Friday, 23 November 2018 when the stock markets were closed for local holiday.
HCL Technologies and Bajaj Finance will be included in the S&P BSE Sensex while Wipro and Adani Ports and Special Economic Zone will be excluded from the S&P BSE Sensex from 24 December 2018. The announcement was made after market hours on Thursday, 22 November 2018.
Oriental Bank of Commerce informed that pursuant to the Government of India's PSB Reforms Agenda, the bank intends to divest its stake in its joint venture i.e. Canara HSBC Oriental Bank of Commerce Life Insurance Company (CHOIce) at an appropriate time, depending on the market conditions and available options. The announcement was made after market hours on Thursday, 22 November 2018.
Strides Pharma Science (Strides) announced that the board of directors of the company have approved the participation of Strides in the Series B fundraiser of Stelis Biopharma Private (Stelis) with a commitment of US$15 million in a US$100 million fund raise. The announcement was made after market hours on Thursday, 22 November 2018.