India Daybook – Stocks in News
Varun Beverages: Company signs MoU with Jharkhand govt for manufacturing plant in Patratu with a Rs 450 cr outlay (Positive)
LTI Mindtree: Company collaborates with Microsoft to deliver AI powered employee engagement applications (Positive)
Tech Mahindra: Mohit Joshi assumes office as MD & CEO with effect from tomorrow as CP Gurnani Retires. (Positive)
Glenmark Life: CCI approves acquisition of majority shareholding of Glenmark Life Sciences by Nirma Limited (Positive)
BPCL: Board approves a proposal for setting up Polypropylene (PP) Unit, for production of Polypropylene at Kochi Refinery, at gross project cost of Rs 5044 cr. (Positive)
RVNL: Lowest bidder for Varkala Sivagiri Railway Station in Kerala with project cost Rs 124 crore (Positive)
Varun Beverages: Company signs MoU with Jharkhand govt for manufacturing plant in Patratu with a Rs 450 cr outlay (Positive)
Aurobindo Pharma: Company gets U.S. FDA tentative approval for Baricitinib tablet. (Positive)
JK Tyre: Company opens QIP for raising up to Rs 500 crore. (Positive)
NTPC: Group touches 300 BU power generation mark in FY24. (Positive)
*Karur Bank:*HDFC Life and Bank enter into corporate agency tie-up. (Positive)
JB Pharma: Company inks Rs 1,089 crore pacts with Novartis for select ophthalmology brands. (Positive)
Deepak Nitrite: Subsidiary approved the execution of a binding term sheet with Petronet to offtake 250 KTPA of Propylene and 11 KTPA of Hydrogen from Petronet Petrochemical Project at Dahej, Gujarat (Positive)
Anupam Rasayan: Company approved a preferential allotment of 19,04,540 equity shares for Rs 945.11 per share to Rehash Industrial and Resins Chemicals. (Positive)
Container Corporation: Company signed a MoU with DB Schenker India to collaborate on EXIM and domestic business. (Positive)
HCL Tech: Ransomware incident occurs in an isolated cloud environment for one of HCLTech’s projects (Neutral)
Nippon AMC: Sources say IndusInd Bank to sell up to 1.79 cr shares, 2.86% eq in Nippon AMC via block deals: CNBC (Neutral)
Astral: Promoter looks to sell 2-3% equity stake this week: CNBC (Neutral)
Adani Ent: Delhi High Court directs CBI, DRI to probe allegations of “over invoicing” of coal imports, equipment. (Neutral)
Abbott India: MD Vivek Kamath resigned effective Mar 18. (Neutral)
Jindal Saw: Two entities offload Jindal Saw shares worth Rs 97 crore. (Neutral)
Apollo Tyre: Warburg affiliate pares stake in Apollo Tyres for Rs 1,281 crore. (Neutral)
Wipro: Wipro Holdings UK transfers 100% stake in unit Designit to Wipro IT Services UK Societas: Exchange Filing. (Neutral)
IREDA: The Board approved to raise of unsecured, redeemable, non-convertible, non-cumulative, taxable, bonds worth Rs 500 crore at base issue (Neutral)
UPL: The board is scheduled to meet on 22 December to consider raising funds. (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #Bharat
