India Daybook Stocks in News
*LTI Mindtree:* Aflac Incorporated has selected company as a digital transformation partner for application modernisation (Positive)
*TRF:* Tata Steel will hold a meeting of its equity shareholders on September 18 to consider TRF merger with Tata Steel. (Positive)
*Bata India:* Continue to explore opportunities for strategic alliance/tie-up for the Indian market (Positive)
*South Indian Bank:* RBI approves appointment of PR Seshadri as MD & CEO of South Indian Bank w.e.f. October 1 (Positive)
*Network18:* Expands its connected TV reach; brings four news channels to Samsung TV Plus India (Positive)
*Bharti Airtel:* Airtel Payments Bank revenue hits Rs 400 crore for the first time (Positive)
*Nifty Next 50 inclusion:* PNB, TVS Motor, Shriram Finance, Trent and Zydus Life will be included in Nifty Next 50, with effect from September 29 (Positive)
*Jain Irrigation:* Company has received board approval for short and medium-term fundraising for meeting various obligations (Positive)
*Piramal Pharma:* The rights issue of the pharmaceuticals giant to raise Rs 1,050 crore was oversubscribed by 1.27 times (Positive)
*DB Realty:* Authum Investment and Infrastructure Ltd on Thursday picked up a 1.9 percent stake in a real estate developer. (Positive)
*SJVN:* Company has inked two pacts with Punjab State Power Corporation Ltd to supply 1,200 MW of solar power (Positive)
*Sula Vineyards:* During the extended weekend of August 12-14, the winemaker posted it's highest ever revenue. (Positive)
*Yatharth Hospital:* Company reported 73% growth in its net profit at Rs 19 crore for Q1FY24 (Positive)
*Adani Energy:* Company has entered into agreement with Megha Engineering & Infrastructures for acquisition of KPS 1 Transmission Ltd. (Positive)
*JSW Steel:* Company is looking to form a consortium to bid for a majority stake in Teck Resources’s steelmaking coal business, Bloomberg reported (Positive)
*Axis Bank:* Launches two products under RBI Innovation Hub for easy credit (Neutral)
*NTPC:* Company has executed the business transfer agreement with its subsidiary NTPC Mining for hiving-off coal mining business (Neutral)
*TBZ:* Subhasis Sinha has resigned as Head-HR, senior management personnel of the jewellery company (Neutral)
*YES Bank:* Bank introduced its state-of-the-art mobile banking app 'iris' by YES Bank. (Neutral)
*Nifty Next 50 exclusion:* Page Industries, HDFC AMC, ACC, Indus Towers, Nykaa: To be excluded from the Nifty Next 50 index. (Neutral)
*Reliance Industries:* The recently demerged unit, Jio Financial Services, is set to be removed from the FTSE indexes. (Neutral)
*Zee Ent:* Bankruptcy appellate tribunal agrees to hear IDBI Bank plea seeking insolvency proceedings against Zee (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #india
