SUMMARY
Stocks to watch, Biocon, NTPC Green Energy, LIC, Texmaco Rail and Engineering and more, these are the stocks to watch for today.
1 / 4Biocon | Biotechnology firm said its unit Biocon Biologics announced the US market availability of YESINTEK (ustekinumab-kfce), a biosimilar to Stelara (ustekinumab). This makes YESINTEK one of the first biosimilar alternatives to enter the US market for the blockbuster immunology drug. YESINTEK is approved for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis, increasing patient access to more cost-effective treatment options for use in the treatment of common chronic autoimmune diseases.
2 / 4NTPC Green Energy | The renewable energy arm of NTPC said it signed a Memorandum of Understanding (MoU) with Madhya Pradesh Power Generating Company Ltd (MPPGCL) at the Global Investors Summit in Bhopal to develop renewable energy parks and projects in the state. The MoU aims to establish solar, wind, and hybrid renewable projects with or without storage, with a targeted capacity of up to 20 W or more in Madhya Pradesh.
3 / 4LIC | State-owned company said it has received a demand order from the Assistant Commissioner, Ward 206, Zone 11, Delhi, seeking ₹57.28 crore in Goods & Services Tax (GST), interest, and penalties for the financial year 2020-21. The notice includes a GST demand of ₹31.04 crore, interest of ₹23.13 crore, and a penalty of ₹3.10 crore, citing excess Input Tax Credit (ITC) availed by the corporation.
4 / 4Texmaco Rail and Engineering | Engineering company said it has signed a strategic Memorandum of Understanding (MoU) with Polish technology firm Nevomo to develop next-generation Magrail technology, linear propulsion systems, and AI-powered railway innovations. This agreement heralds a new era of rail infrastructure innovation, high-speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains to revolutionise mobility in India and on the global stage.
