India Daybook Stocks in News
*Biocon:* Company partners w/Sandoz for distribution of Adalimumab BS Subcutaneous injectio (Positive)
*Talbros:* Board approves divestment of its entire 40% stake in JV Co Nippon Leakless Talbros for Rs. 81.8 cr. (Positive)
*Can Fin Home:* ICRA upgrades company’s rating of long-term facilities to 'AAA' from 'AA+'. (Positive)
*RITES:* Company and NEEPCO in pact to strengthen logistical infra at Northeast hydropower stations. (Positive)
*NTPC:* Company’s Renewable Energy unit wins bid for 900 MW solar projects. (Positive)
*Jndal Steel:* Company has entered into a MoU with RINL for the operationalization of RINL's Blast Furnace-3 (BF-3) (Positive)
*Transformers and Rectifiers:* Company completed the 'Dynamic Short Circuit Test' (Positive)
*Fusion Microfinance:* CARE has revised its credit rating for the Long-Term Bank Loan Facilities of Fusion Micro Finance Limited from CARE A to CARE A+ (Positive)
*Archean Chemicals:* Subsidiary has been declared as the successful bidder for acquiring Oren Hydrocarbons Private Limited. (Positive)
*NDTV:* Civil Suit filed by Ankiti Bose before Bombay HC seeking Rs 820 cr damages against arm NDTV Convergence has been amicably settled between the parties. (Positive)
*KPI Tech:* Company acquires 13% stake in N-Dream AG (Positive)
*RK Forging:* NCLT approves RK Forging's acquisition with ACIL Limited (Positive)
*EMS:* Company received letter of award from Urban Development Department awards worth of Rs 356.6 crore (Positive)
*PNC Infratech:* Company achieves financial closure for a highway project of Rs 819 crore (Positive)
*Reliance Industries:* According to a report, the conglomerate and Walt Disney have signed a non-binding term sheet to merge their Indian media operations (Positive)
*Anupam Rasayan:* Company has signed LoI worth $61 million or ₹507 crore with one of the leading Japanese multi-national chemical company (Positive)
*LT Foods:* Company eyes bigger chunk of ready-to-cook meals, snacks (Positive)
*Adani Wilmar:* Promoters propose share sale in the open market to achieve minimum public shareholding (Neutral)
*UPL:* Company to raise funds up to Rs 4,200 cr via rights issue. (Neutral)
*Tata Steel:* Company announced shareholders’ meet on Jan 25, 2024 to consider merger of co & the Indian Steel and Wire products (Neutral)
*SBI:* Banks signs $165 million Line of Credit with World Bank for promoting rooftop solar project in India. (Neutral)
*Bank of Baroda:* Raises stake in ONDC to 8.51% from 5.56% for Rs 30 crore (Neutral)
*Suryoday:* Mr. Sandeep Arora, has been appointed as Chief Product and Customer Experience Officer of the Bank. (Neutral)
*JK Tyre:* Company announced closure of its Qualified Institutional Placement issue through which it has raised ₹500 crore (Neutral)
*Paytm:* Company said that the AI-led transformation will result in a "slight" reduction in the operations and marketing workforce (Neutral)
*Wipro:* Denies rumours of former L&T Infotech CEO Sanjay Jalona joining the company
*Zydus Lifesciences:* Company gets 6 observations from USFDA for API plant.
*MedPlus:* Company has received an order from the Drugs & Control Authority on the suspension of its drug licence for five days
*Infosys:* The global company has elected to terminate the MoU and the parties will not be pursuing the Master Agreement. The MoU signed with company by client for target spend over 15 years is estimated at USD 1.5 Bn.
*Auro Pharma:* US FDA issues 10 observations for Aurobindo Pharma's arm Eugia’s East Windsor, New Jersey, US mfg Unit
*Vedanta:* Arm Bharat Aluminium Co (BALCO) receives Rs 84 cr GST demand from Bilaspur authorities for FY17-18 on account of various interpretational issues.
By: via Telegram.me/AlliesFin #StockMarket #Bharat
