*India Daybook – Stocks in News*
*ITD Cementation:* Company has secured new order worth Rs 1,001 crore (Positive)
*Kesoram:* UltraTech will issue 1 Equity Share for every 52 Equity Shares of Kesoram under merger scheme. (Positive)
*Oil upstream stocks:* Windfall tax on crude petroleum cut to Rs 5,000/tonne from ₹6,300/tonne (Positive)
*LTI Mindtree:* Company partners with Metasphere to deliver smart sewers solution (Positive)
*Infosys:* Company and Shell collaborate on immersion cooling services: Agencies (Positive)
*Defence Companies:* Defence Acquisition Council approves ₹2.23 lk cr capital acquisition proposals (Positive)
*Hindustan Aeronautics:* Company received a nod from the DAC for the procurement of light combat helicopters for the Indian Air Force and Indian Army and light combat aircraft Mk 1A for the Indian Air Force. (Positive)
*Power Grid:* Company has been declared as the successful bidder to establish two inter-state transmission system projects in Rajasthan. (Positive)
*JSW Group:* Will own 35% in a newly created joint venture with SAIC Motor Corp. Ltd, which owns MG Motor India, that would focus on electric vehicles (Positive)
*H.G. Infra:* Company received an order from the NHAI for the construction of the Greenfield Varanasi-Ranchi-Kolkata highway for Rs 1,303.11 crore (Positive)
*Dixon:* Padget Electronics subsidiary inaugurated a new state-of-the-art smartphone manufacturing plant in the Noida district, Uttar Pradesh. (Positive)
*Wipro:* Company partners with AWS for lab processes: Agencies (Positive)
*Biocon:* Company announced completion of integration of the Viatris’ Biosimilars business in 31 European countries (Positive)
*CSB Bank:* The RBI has approved an amendment to dilute the schedule of shareholdings of FIH Mauritius Investments to 26% of the paid-up equity capital of the bank within 15 years from the date of investment (Positive)
*Whirlpool Corporation:* Company to sell up to 24% stake in the company in 2024. (Neutral)
*Aviation stocks:* Jet Fuel (ATF) price cut to ₹1.06 lk/kl from ₹1.11 lk/kl in Delhi (Neutral)
*J&K Bank:* ED search w.r.t Rs 250 crore ‘Fraudulent Loan’ is at offices of J&K State Co-op Bank, not company. (Neutral)
*Balrampur Chini:* Company received a Rs 33.5 crore income tax notice for AY 2020–21 (Neutral)
*Larsen and Toubro:* Company incorporated a new wholly-owned subsidiary, L&T Semiconductor Technologies. (Neutral)
*PFC:* Company has been nominated as the 'Bid Process Coordinator' for the selection of developers through tariff-based competitive bidding for the Independent Transmission Projects by the Ministry of Power. (Neutral)
*Orient Green:* Company incorporated a wholly owned subsidiary, viz., Delta Renewable Energy Pvt. (Neutral)
*Sonata Software:* Company has fixed Dec. 12 as the record date for the eligibility of shareholders for the issuance of bonus equity shares of the company in the ratio of 1:1. (Neutral)
*Timken:* Profusion Investment Advisors LLP sold 19.40 lakh shares at 2890.41 per share (Neutral)
By: via Telegram.me/AlliesFin #StockMarket #india
