India Daybook Stocks in News
*Sarda Energy:* Subsidiary JV gets Letter of Intent for license for iron ore block in Maharashtra for area of 1,526 hectare. (Positive)
*Mazagon Dock:* Company to lease land & building measuring 14.55 acres from Mumbai Port Authority for ₹354 crores for 29 years (Positive)
*Bharat Dynamics:* Board approves stock split in the ratio of 1:2 and interim dividend of ₹8.85/sh. (Positive)
*TVS Holdings:* Interim dividend declared Rs 94/Sh, also approves proposal to raise funds (Positive)
*TCS:* Company signs 7-year multi-billion dollar pact with Denmark-based Ramboll for IT infra solutions (Positive)
*Muthoot fin:* Company has acquired an additional 4.48% equity stake in Belstar Microfinance Limited, a subsidiary, for Rs.300 crores. (Positive)
*Prestige Estates:* Company acquires 62.5 acres land for Rs 468 crore in NCR for integrated township (Positive)
*ZUARI:* Company has finalized the sale of a 65,905 sq. mtrs. Land parcel in Goa for Rs.31.5 Cr to Ultra Dwell Real Estate LLP (Positive)
*Grauer and Weils:* Company entered into technology transfer and license agreement with OTMK GMBH (Positive)
*Global Health:* Medanta Holdings Private Limited, to consolidate operations and achieve cost savings and greater efficiency. (Positive)
*Tata Communications:* Company to transfer its digital services business to its wholly-owned subsidiary Novamesh for ₹458 crore. (Positive)
*IndiGo:* Company said to be nearing decision on widebody jet order. (Positive)
*Mahindra Life:* Launches a residential project, ‘Mahindra Zen’ at Bengaluru South. (Positive)
*Vedanta:* Company says projects pipeline in place to add $6 billion to topline, $2.5-3 billion to EBIDTA. (Neutral)
*IREDA:* Company to consider borrowing programme up to ₹24,200 crore for FY25 on March 28, 2024 (Neutral)
*Bharat Dynamics:* Board approves stock split in the ratio of 1:2 and interim dividend of ₹8.85/sh. (Neutral)
*Wipro:* Company incorporates new entity 'SDVerse' with General Motors and Magna International: (Neutral)
*Bank of India:* Bank to consider fund raise via long term infra bonds. (Neutral)
*L&T:* Board meet on March 27 to consider fund raising, debt sale (Neutral)
*Julius Baer:* Board approves raising ₹280 cr in rights issue. (Neutral)
*Texmaco Rail:* Company likely to raise ₹1,500 crore via QIP. (Neutral)
*Karnataka Bank:* Launched qualified institutional placement (QIP) to raise funds (Neutral)
*PCBL:* To consider and approve the proposal for raising of funds by way of issue of one or more instruments/ securities. (Neutral)
*Crompton Greaves:* Company gets notice for I-T dept for tax demand of Rs 68 crore for AY23.
*Tata Chem:* Income tax department penalty 104 Crore.
*IT Stocks:* Accenture reported a weak quarter, cut FY2024 revenue growth guidance to 1-3% from 2-5% earlier
*Agro Tech Foods:* Sachin Gopal resigns from the post of Managing Director.
*Hind Zinc:* Delays demerger plans amid the government objections
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
