India Daybook Stocks in News
@AlliesFin
*Wipro:* Company and IBM Expand Partnership to Offer New AI Services and Support to Clients (Positive)
*Thermax:* Company has signed a license and technical assistance agreement with South Korea-based Flowtech Co (Positive)
*Ashok Leyland:* Company to set up a Greenfield plant focused on clean mobility in Uttar Pradesh (Positive)
*Union Bank:* Bank approves raising up to ₹3,000 crore via QIP, floor price at ₹142.78/ share (Positive)
*Pricol:* CCI approves Minda Corp acquisition of 8.8% in Pricol (Positive)
*DLF:* Company signs pact with Axis Trustee Services, IREO for acquisition of 28.49 acres land parcels in Haryana. (Positive)
*Zaggle:* Company in pact with Bennett, Coleman & Co for expense management platform (Positive)
*VBL:* Company and premier nutrition trading LLC Dubai has entered into an exclusive snacks appointment agreement to manufacture and package cheetos. (Positive)
*Bajaj Hindusthan:* Company collaborates with everenviro to produce compressed biogas in up (Positive)
*Exxaro:* Board meeting on March 12 to consider the sub-division/ split of equity shares (Positive)
*Hindalco:* Novelis Inc announced that it has confidentially submitted a draft registration statement on Form F-1 with the SEC relating to the proposed initial public offering (Positive)
*ABB:* Net Profit at Rs 338.7 cr vs poll of Rs 300 cr. (Neutral)
*GOCL Corporation:* Promoter Hinduja Capital, Mauritius to reduce their shareholding in GOCL Corporation by about 1% (Neutral)
*Devyani International:* Yum Restaurant India likely to sell 4.4% stake in Devyani International via block deals (Neutral)
*Adany Energy: Fitch affirms Company’s ratings with ‘Stable’ outlook (Neutral)
*Tech Mahindra:* Company announced acquisition of 100% stake in Orchid Cybertech Services (Neutral)
*LTI Mindtree:* Company registers branch office in Czech Republic with effect from February 16. (Neutral)
*Trident:* Company appoints Samir Joshipura as CEO with effect from February 20. (Neutral)
*Tata Steel:* NCLT allowed withdrawal of scheme of amalgamation amongst tata steel and TRF. (Neutral)
*Fivestar:* Board meeting on feb 29 to consider issuance of non - convertible debentures through private placement (Neutral)
*ONGC:* Company approved formation of 50:50 joint ventures with seed equity upto 100m rupees || jv to set up and operate 15 cbg plants. (Neutral)
*Swan Energy:* Company launched QIP to raise up to ₹4,000 crore. floor price set at ₹703.29/share, CNBC sources (Neutral)
*Vedanta:* Supreme Court Will Consider Company’s Plea for Resuming Operations at Copper Smelter Facility in Tamil Nadu (Tuticorin) (Neutral)
*South Indian Bank:* Board meeting to Discuss Matters In Connection with the Rights Issue, Issue Price, Entitlement Ratio, Record Date, Timing, etc (Neutral)
*Medplus:* Board meeting to Discuss Management Recommendation to not proceed with the approval for QIP received from shareholders (Neutral)
*Zee Ent:* Company denies any negotiations, or any other event as stated in the above-mentioned article, and we categorically confirm that the abovementioned news item is factually incorrect.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
