*India Daybook – Stocks in News*
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*Concor:* Government to invite EoIs for Concor privatisation this month. (Positive)
*Adani Wilmar Q3:* Strong volume growth across all segments in Q3 (Positive)
*Tata Power:* Company to set up 3 MW solar plant in Maharashtra (Positive)
*Power stocks:* India may exempt 30 GW of solar plants from equipment duty (Positive)
*DB Realty:* Company says it executed settlement agreement with lender Reliance Commercial Finance with respect to loans. (Positive)
*Cummins:* Company launches hydrogen internal combustible engine and fuel agnostic platform. (Positive)
*Greaves:* Company launches 3 electric vehicles in the scooter category. (Positive)
*Railtel:* Company gets Rs 170 cr order from Puducherry Govt. (Positive)
*Tata Motors:* Company unveils Hydrogen Fuel Cell truck at the #AutoExpo (Positive)
*PB Fintech:* RBI has granted In-Principle approval for setting up the business of account aggregator to PB Financial Account Aggregators (Positive)
*IIFL Wealth:* Company to consider stock split and Bonus shares (Positive)
*Route Mobile:* Company has signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator in Sri Lanka (Positive)
*State Bank of India:* The Central government extended the term of office of Challa Sreenivasulu Setty as Managing Director (Positive)
*Hindalco:* Company to raise funds for up to ₹700 crore from bond sale (Neutral)
*Hindustan Unilever:* Company announces 51% acquisition of Zywie Ventures (Neutral)
*Elgi Equipments:* Pattons Inc, USA identified a suitable buyer for its property and has completed the sale on January 10. (Neutral)
*Reliance Industries:* Arm Reliance Jio Infocomm has invested Rs 40,446 crore as it expanded the footprint in Tamil Nadu (Neutral)
*Tata Motors:* The company plans to expand its electric car portfolio with new models and higher price points (Neutral)
*Adani Enterprises:* Adani Group on Wednesday said that it has plans to invest Rs 60,000 crore in Madhya Pradesh. (Neutral)
*Bilcare:* Rekha Jhunjhunwala sells 6% stake in company via Open Market from January 10-11
*Tuticorin:* Citrine Fund sold additional 15.24 lakh shares in the company
Stocks in the news
Hindustan Unilever: The FMCG major has completed the acquisition of 51 percent shareholding of Zywie for Rs 264.28 crore for the first tranche. With this, Zywie Ventures has become a subsidiary of the company.
State Bank of India: The Central government extended the term of office of Challa Sreenivasulu Setty as Managing Director of the country's largest lender for a period of two years with effect from January 20, 2023.
Route Mobile: The communication platform as a service provider has signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator (MNO) in Sri Lanka. The company will provide an end-to-end A2P monetization suite for all international A2P SMS' terminating on its network. Route Mobile will serve as the exclusive partner of the MNO for 2 years.
Bilcare: Rekha Jhunjhunwala has offloaded a 6.24 percent stake in Bilcare via open market transactions during January 10-11. With this, her shareholding in the company reduced to 0.106 percent, from 6.347 percent earlier.
5paisa Capital: The financial products provider has reported a 2.5 percent sequential increase in consolidated profit after tax at Rs 11.02 crore for the quarter ended December FY23. Consolidated revenue from operations at Rs 83.76 crore for the quarter grew by 5.3 percent QoQ. Consolidated profit at Rs 29.15 crore increased by 212 percent for nine months period ended December FY23 YoY, backed by improvement in quality of acquisition, reduction in CAC, focus on technology and providing superior trading platforms to customers. Revenue during the same period grew by 18.5 percent to Rs 247.3 crore.
By: via Allies Fin Serve Stock Market
