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Stocks in the news NTPC: The state-owned power generation company has signed a supplementary joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL), to amend Joint Venture Agreement (JVA) and form integral part of JVA dated February 28, 2008. NTPC & UPRVUNL signed JV agreement in 2008 for formation of a joint venture company Meja Urja Nigam (MUNPL). Schneider Electric Infrastructure: The company said the board of directors have approved the appointment of Udai Singh as Managing Director (MD) & Chief Executive Officer (CEO) for three years with effect from September 15. In addition, Arnab Roy resigned as non-executive director of the company effective from September 14. Bharat Forge: UAE-headquartered global aerospace and technology company Paramount announced a broadening of its development and manufacturing partnership with Indian industrial conglomerate, Bharat Forge and Kalyani Strategic Systems, to produce a wider range of armoured vehicles in India for Paramount's global customers. Their existing partnership produces KM4 armoured vehicles for the Indian Army. Strides Pharma Science: Subsidiary Strides Pharma Global Pte Limited, Singapore has received tentative approval for Dolutegravir 50mg tablets from the United States Food & Drug Administration (USFDA). The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Tivicay tablets of ViiV Healthcare Company. Tata Power: Subsidiary Tata Power Renewable Energy signed a power delivery agreement (PDA) with Xpro India, through a special purpose vehicle (SPV), for the development of a 3.125 MW AC group captive solar plant. The SPV will develop, operate, and maintain the said captive solar power facility. The said plant, in Achegaon (Maharashtra) is expected to produce 7.128 million units of electricity annually and will support the use of renewable energy for Xpro India's polymer processing business. Alkem Laboratories: The Income Tax Department is conducting a survey at some of company's offices and subsidiaries. The company said it is fully cooperating with the officials of the IT Department. This has no impact on the operations of the company.

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