India Daybook Stocks in News
*NTPC:* Unit 800 MW of Telangana STPP, Stage-I commences commercial operation (Positive)
*ICICI Lombard:* ICICI Bank acquires further stake in company worth Rs 431 crore. (Positive)
*Suven Pharma:* Company's board approves amalgamation of subsidiary Casper Pharma with company (Positive)
*MOIL:* Company hikes prices of ferro grades with manganese content below mn-44% by 5% (Positive)
*Pidilite Industries:* Company appoints Sudhanshu Vats as Managing Director Designate of the company. (Positive)
*Chalet Hotels:* Company said it has received approval from the Board of Directors for acquisition of partners’ share in Ayushi and Poonam Estates LLP for Rs 315 crore. (Positive)
*Bharti Airtel:* Chairman said that the company is looking at an ARPU of ₹300 by the end of financial year 2025. (Positive)
*Larsen & Toubro:* L&T has commissioned its first domestically manufactured electrolyser at the Green Hydrogen Plant in Hazira, Gujarat (Positive)
*Tips Industries:* Company expands agreement with Warner Media, which gives the latter access to Tips Music's full extensive catalogue globally (Positive)
*Kesoram Industries:* Company signs facility agreement to avail financial assistance or loan worth ₹1,850 crore from Tata Capital (Positive)
*Rallis India:* Company appoints Gyanendra Shukla as MD & CEO for 5 years (Positive)
*Rishabh:* Poland’s Material Subsidiary won a Project for Development of innovative control and protection devices for strategic areas of the energy industry (Positive)
*IEX:* SBI MF under various schemes acquired 98101 Shares (Positive)
*Lemin Tree:* Opened Lemon Tree Resort, Kumbhalgarh, the seventh property in the picturesque state of Rajasthan under Company’s umbrella (Positive)
*CMS Info:* Rajiv Kaul, Executive Vice Chairman, Whole Time Director and CEO has increased his stake in the company (Positive)
*Landmark:* Received a Letter of Intent from MG Motor India Pvt Ltd for opening a dealership in Ujjain, Madhya Pradesh (Positive)
*Craftsman:* Company will commence the commercial operations of its new plant at Sriperumbudur w.e.f. 1st March, 2024 (Positive)
*Bank India:* Received Income Tax Refund of Advance Tax, TDS, TCS and interest on Advance Tax aggregating to Rs. 1,126.50 crores for the Assessment Year 2020-21 (Positive)
*Adani Energy:* Company aims to raise about $400 million via private placed bond (Neutral)
*Power Grid:* Fitch Ratings affirms Power Grid at 'BBB-'; Outlook stable. (Neutral)
*HDFC Bank:* Umesh Sarangi ceases to be Independent Director of Bank. (Neutral)
*Five Star:* Considered and approved the issuance of Non-Convertible Debentures (NCDs) aggregating upto INR 2,500 Crores (Neutral)
*GPT Health:* Nomura Singapore sold 453693 shares of company. (Neutral)
*Biocon:* US FDA issues form 483s with 4 observations for Biocon Biologics facility (Neutral)
*Vedanta:* Supreme Court rejects Vedanta’s plea for reopening Sterlite Copper Smelting unit at Tuticorin
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
