Titagarh Wagons may gain after large order win

Titagarh Wagons was awarded a contract for manufacture and supply of 5058 wagons to Indian Railways, the bidding for which was conducted under the reverse auction method. These wagons are BOXN HL type, designed to carry coal, steel, stones etc. and the value of order is Rs 1560.87 crore. As per the contract, one third quantity (1686 Wagons) is to be supplied within six months and to complete the supply of full quantity of wagons before 28 February 2020. The announcement was made after market hours yesterday, 10 December 2018.

Lupin announced that it has received tentative approval for its Apixaban Tablets, 2.5 mg and 5 mg from the United States Food and Drug Administration (FDA) to market a generic version of Bristol-Myers Squibb Company's Eliquis Tablets, 2.5 mg and 5 mg. The announcement was made after market hours yesterday, 10 December 2018.

A meeting of the Executive Committee of Central Board of State Bank of India is scheduled to be held on 12 December 2018 to consider the status and decide on long term fund raising in single/multiple tranches upto US$ 1.25 billion (US$ One Billion Two Hundred and Fifty Million) through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during January to March, 2019. The announcement was made after market hours yesterday, 10 December 2018.

Zensar announced that it has been selected by EBRD (European Bank for Reconstruction and Development) as their partner for Infrastructure and Network services. With an initial three-year contract and an option to extend the relationship is the first major technology partnership for EBRD and shall improve all aspects of the Bank's infrastructure and networks. The announcement was made after market hours yesterday, 10 December 2018.

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