India Daybook – Stocks in News
*Zydus Life:* Company gets final nod from the US FDA for Apixaban Tablets, 2.5 mg & 5 mg & Olmesartan Medoxomil & Hydrochlorothiazide tabs (Positive)
*Bharat Electronics:* The company has signed a frame supply agreement with TRDS for the manufacture and supply of TR modules, radar LRUs (line replaceable units) and micro modules. (Positive)
*Seamec:* The company has entered into a charter party with HAL Offshore for the charter hire of the vessel 'Seamec Paladin' for an ONGC contract for a period of 5 years (Positive)
*Samvardhana Motherson:* The company has announced the completion of the purchase of assets of frame manufacturing and assembly operations of Daimler India Commercial Vehicles (Positive)
*Aviation stocks:* ATF price cut to ₹1.07 lk/kL from ₹1.12 lk/kL in Delhi (Positive)
*MOIL:* Company hikes price of manganese ore with Manganese content of Mn-44% and above by 8% w.e.f March 1 (Positive)
*Max Ventures:* NCLT New Delhi approves Resolution Plan of Max Ventures' arm, Max Estates (Positive)
*Reliance Industries:* Company sets up a subsidiary Reliance SOU to develop properties for commercial use (Positive)
*Power Grid:* Company is declared as the successful bidder to establish an inter-state transmission system for the “establishment of Khavda pooling station-3. (Positive)
*Biocon:* Integrated Core Strategies (Asia) Pte Ltd acquired 80.61 lakh shares in the company (Positive)
*MCX:* Announces the launch of Crude Oil Mini (10 barrels) Futures contracts. (Positive)
*LT Foods:* Allotted 27,408,164 Shares of the Company to SALIC International Investment Company (Positive)
*Hathway Cable:* Rajan Gupta resigns as Managing Director & Director w.e.f. March 10 (Neutral)
*Aban Offshore:* Company completes the sale of Drillship Aban ICE (Neutral)
*Delhivery:* Softbank to sell $100 mn in Delhivery shares (Neutral)
*Adani Enterprises:* Subsidiary is declared as the preferred bidder and subsequently received a Letter of Intent from the Odisha government for the Kutrumali bauxite block in Odisha. (Neutral)
*Axis Bank:* Completes acquisition of Citibank’s India Consumer Biz for ₹11,603 cr (Neutral)
*Bank of India:* To hike lending rates by 10 bps across tenures w.e.f. March 1 (Neutral)
*NTPC:* Company completes transfer of 15 Renewable Energy assets to arm, NTPC Green Energy (Neutral)
*Tata Power:* Subsidiary has approved the allotment of 20 crore compulsorily convertible preference shares at a face value of Rs 100 each (Neutral)
*State Bank of India:* Bank has concluded $1 billion through Syndicated Social Loan (Neutral)
*HDFC-HDFC Bank:* NCLT Reserves Order In HDFC-HDFC Bank Merger Case. Written Order Awaited From Court (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #india
