*India Daybook – Stocks in News*
*IOL Chem:* Company to invest $2.1 m in USpharma, a US-based co that develops novel drug delivery technologies. (Positive)
*M&M:* Mahindra Group in talks with investors to raise up to 500 million dollars for its EV drive (Positive)
*Defense stocks:* Defence Ministry Signs Deal With BrahMos Aerospace For Brahmos Missile (Positive)
*Lupin* has received approval for Pennsaid (diclofenac solution, 2%) for the US market (Positive)
*TVS Motor:* Company gets shareholders’ nod for sale of entire 50.05% stake in Sundaram Holding (Positive)
*Aster DM's* subsidiary Medcare Hospital acquires 60% stake in Dubai-based healthcare-general clinic Skin III for 1.67 cr dirham (Positive)
*REITs:* SEBI: Real Estate Investment Trusts (REIT) with net worth of Rs 100 cr or higher eligible to issue commercial paper (Positive)
*Kirloskar Ind:* Kirloskar Ind says it will divest 17.41% stake in Swaraj Engines to M&M at Rs 1,400/Sh (Positive)
*Shilpa Medicare:* Company gets USFDA nod for its analytical services division in Hyderabad, Telangana. (Positive)
*Cipla:* Company receives EIR by USFDA for the product-specific Pre-Approval Inspection at the Indore Plant (Positive)
*Century Textiles:* Company acquires 10 acre land in Bengaluru, expected revenue is Rs 900 crores. (Positive)
*Bharti Airtel:* Airtel and WhatsApp launch ‘Airtel IQ Hackathon’ inviting start-ups to build new age business solutions on WhatsApp. (Positive)
*Bharti Airtel:* Promoter entities changed hands via open market transactions (Positive)
*Hilton Metal:* Anisha Fincap Consultants LLP bought one lakh shares in the company via open market transactions (Positive)
*Zydus Lifesciences:* The company has entered into share purchase, subscription to acquire up to 11.86 percent stake in AMP Energy Green Nine (Positive)
*Hero MotoCorp:* The company has raised the ex-showroom prices of its motorcycles and scooters, with immediate effect (Positive)
*Spandana Sphoorty:* Approves the issue NCDs up to ₹4,000 cr on pvt placement basis (Neutral)
*Somany Ceramics:* Company to sell entire 51% stake in Amora Ceramics for ₹3.62 cr. (Neutral)
*Can Fin Homes:* Company begins process for recruiting a CEO (Neutral)
*Bombay Dyeing:* Board Approves Raising Up To Rs 940 Crores Via Rights issue (Neutral)
*M&M Fin:* RBI Directs M&M Fin To Stop Recovery Operations Via Third Party (Neutral)
*Tata Steel:* All metal companies of Tata group merged into Tata Steel (Neutral)
*Udaipur Cement:* The company will raise Rs 350 crore by issuing non-convertible debentures on a private placement basis (Neutral)
*Reliance:* RNEL has entered into definitive agreements with Caelux Corporation, for acquiring a 20% stake for a total value of USD 12mn. (Neutral)
*Adani Ports:* Adani Group to Develop A $3 Billion Port in Eastern India (Neutral)
*HDFC Bank:* Bank has entered into a long-term partnership with London Stock Exchange group's Refinitiv for digital transformation (Neutral)
*Glenmark:* ‘Official Action Indicated’ status assigned by US FDA for Baddi unit continues.
By: via @AlliesFin Serve Stock Market
