India Daybook – Stocks in News
TCS: Company announces 800-million-pound pact with JLR digital unit to drive its 'reimagine' strategy (Positive)
VBL: PepsiCo announces Rs 770-crore investment in Assam with new plant (Positive)
Lupin: Company forges a collaboration with Mark Cuban Cost Plus Drug Company (Cost Plus Drugs) to expand availability of Tiotropium Bromide Inhalation Powder (Positive)
RHI Magnesita: CCI India approves acquisition of up to 20.9% stake of RHI Magnesita NV by Ignite Luxembourg Holdings (Positive)
Force Motors: August total production at 3,032 units; domestic sales at 2,601 units; exports at 675 units (Positive)
Power Companies: Power demand is expected to increase further in September according to Ministry (Positive)
AU Small Bank: Enters Into Bancassurance Tie-ups with Star Health & Bajaj Allianz Life Insurance. (Positive)
Bombay Dyeing: 18 Acres of Company’s mill land in Worli is expected to be sold to the Japanese conglomerate Sumitomo for roughly Rs 5000 Crores. (Positive)
Biocon: Subsidiary has completed the integration of the acquired biosimilar business from Viatris in North America effective September 1. (Positive)
Responsive Industries: Company has bagged a contract for the Garib Rath initiative from Indian Railways. (Positive)
REC: Company has signed a foreign currency term loan agreement for $100 million with Export-Import Bank of India (Positive)
Varroc Engineering: Comapny to buy up to 26% stake in AMP Energy SPVs. (Positive)
Reliance Ind: Reliance Retail acquires 51% stake in Alia Bhatt's kid and maternity fashion brand Ed-a-Mamma (Neutral)
TVS Motors: TVS Apache RTR 310 launched in India at Rs 2.43 lakh (Neutral)
Veranda: Board meet today to Consider Fund Fund Raising Via NCDs/ Bonds Worth Rs 1000 Crores (Neutral)
Nazara: Board meet today to Consider Fund Raising via Preferential Issue. (Neutral)
Tata Consumer: Says Not in Talks to Buy Stake in Haldiram’s (Neutral)
Safari Ind: Investcorp sold its stake in luggage maker Safari Industries. (Neutral)
Paytm: Company is dropping plans to start an insurance business, ET Now (Neutral)
Globus Spirits: MOSL Midcap Fund sold 2,00,000 Shares at Rs 918.25/ Share. (Neutral)
Dreamfolks: Smallcap World Fund sold 13,06,298 Shares at Rs 507.55/ Share. (Neutral)
PG Electroplast: Baring Private Equity Fund sold 1,95,500 Shares at Rs 1775.2/ Share (Neutral)
NRB Bearings: ACACIA Conservation Fund sold 19,63,200 Shares at Rs 270.19 Share. (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #india
