India Daybook – Stocks in News
Sunteck Realty: Company and IFC create Joint Platform Investing up to Rs 750 cr (US$90 million) to Expand Green Urban Housing in Maharashtra. (Positive)
Kalyani Forge: Company appoints Viraj Gaurishankar Kalyani as Managing Director of the company (Positive)
IndiGo: Company and British Airways announce new codeshare partnership (Positive)
Infosys: Company to offer its Finacle Digital Banking Suite to Nigeria’s Guaranty Trust Bank (Positive)
Mahindra Lifespace: Company launches phase 3 of Mahindra Happinest Tathawade, In Pune. (Positive)
India Grid Trust: Approved allotment of 3 cr shares on preferential basis for cash (Positive)
Yes Bank: Pankaj Sharma will work with key stakeholders to develop a roadmap to achieve the bank’s financial objectives. (Positive)
Glenmark Pharma: Company announces that it will sell 75 percent stake in Glenmark Life Sciences to Nirma for a sum of Rs 5,651 cr. (Positive)
JK Paper: Company foresees price increase in packaging and writing paper. (Positive)
India Cement: UltraTech Cement to buy 73.75 acres of land from India Cements (Positive)
JSW Steel: The company's U.S. unit, Periama Holding LLC, will sell Caretta Minerals for $24 million. (Positive)
IRB Infrastructure: SPV Samakhiyali Tollway has achieved financial closure for the Rs 2,092-crore BOT Highway project. (Positive)
RVNL: Company has signed an MoU with the NHAI for the construction of a six-lane Greenfield Varanasi Ranchi-Kolkata Highway in Jharkhand (Positive)
Ideaforge: Company has secured an order valued at approximately Rs 58 crore (Positive)
NBCC: Company has secured a contract for the "Construction of Various Development Work at the township and mines of SAIL Bhilai Steel Plant (Positive)
Vedanta: Company approves raising funds via NCDs on a private placement basis. (Neutral)
Wipro: CFO Jatin Pravinchandra Dalal resigns and Aparna Iyer appointed (Neutral)
Oil India: LIC has decreased its shareholding in OIL India from 11.73% to 9.69%. (Neutral)
Can Fin Homes: Company plans to consider raising up to Rs 4,000 crore via NCDs on a private placement basis on Sept. 27. (Neutral)
ICICI Lombard: Bhargav Dasgupta tenders his resignation as MD & CEO of ICICI Lombard.
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