India Daybook Stocks in News
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*Biocon:* Company transfers India’s branded formulations business to Eris Lifesciences for ₹1,242 crore on a slump sale basis (Positive)
*Ashiana:* Company says all units in phase 3 of ‘Ashiana Amarah’ converted into booking by March 30, sale value of 4.40b rupees (Positive)
*Ramco Cements:* Company commissions line II at Odisha's grinding unit (Positive)
*ESAF SFB:* Company operationalizes authorized dealer category 1 license (Foreign Exchange Operations) w.e.f. April 2. (Positive)
*Sunteck Realty:* Company rents BKC building to BennettColeman & Co for long-term tenure. (Positive)
*Quick Heal:* Company's arm in pact with MTech Solutions for advanced cybersecurity. (Positive)
*Anupam Rasayan:* Company signs Letter of Intent with Japanese multinational for Rs 743 crore. (Positive)
*HCL Tech:* Company completes divestment of 49% stake in JV with U.S.-based State Street. (Positive)
*PC Jewel:* Karur Bank accepts one time settlement proposal submitted by PC Jewellers to settle outstanding dues. (Positive)
*PNC Infratech:* Company signs Rs 117 crore settlement pact with NHAI towards one-time settlement of contractual disputes (Positive)
*J&K Bank:* Bank in pact with New India Assurance Co for servicing & soliciting insurance products (Positive)
*IREDA:* Company records its highest-ever annual loan sanctions and disbursements in fiscal 2023-24. (Positive)
*Marine Elect:* Company has received an order amounting to 143.3m rupees from Cummins India (Positive)
*Bosch:* Company gets tax refund of Rs 116.4 corer for AY 2013-14 (Positive)
*Bajaj Electricals:* Company gets tax refund worth Rs 58.7 crore for AY 2022-23 (Positive)
*Llyods Metals:* FY24 iron ore production at 10 MT vs 3.6 MT year-on-year. (Positive)
*Rajratan Wire:* Company says MP Industrial Development Corp sanctioned amount of investment promotion assistance of 229.2m rupees to co (Positive)
*Sona BLW:* Company gets approval for second hub wheel motor for electric two-wheelers under PLI scheme (Positive)
*Hind Zinc:* Q4 refined zinc production was at 220 kt, up 9% QoQ (Positive)
*MOIL:* Company has recorded best ever production of any financial year since inception, at 17.56 lakh tonnes, growing sharply by 35 percent year-on-year (Positive)
*VMart Retail:* Company’s revenue growth seen at 12% for current quarter (Positive)
*Indo Edge:* Company receives clearance from CCI to acquire 8% stake in MG Motor India. (Positive)
*Bharti Airtel:* Bharti Hexacom garners Rs 1,923.7 crore from anchor investors ahead of IPO. (Positive)
*GE T&D India:* Gets letter from General Electric Company to split GEC into GE Aerospace & GE Vernova (Positive)
*UltraTech Cement:* Company to invest Rs 32,400 crore towards ongoing capex over next three years. (Positive)
*SJVN:* Company signs agreement with IIT-Patna to develop advanced geological model for its tunneling projects (Positive)
*JSW Energy:* Board of JSW Energy approves fundraise of Rs 5,000 crore through qualified institutional placement. (Neutral)
*Mankind Pharma:* Company approves slump sale of over-the-counter business to new subsidiary Mankind Consumer Products by October 1. (Neutral)
*Dhanlaxmi Bank:* Provisional gross advances rose 5.63% YoY as on March 31 (Neutral)
*IB Real:* Board meeting on April 5 to consider and approve proposal for raising of funds (Neutral)
*Sobha:* Company’s unit entered into a share purchase agreement with BNB builders (Neutral)
*Vedanta:* Tamil Nadu GST authority issues tax demand worth Rs 1.86 crore to Vedanta (Neutral)
*Som Distilleries:* To undertake stock split from Rs 5 face value to Rs 2 per share (Neutral)
*Zee Ent:* MD and CEO Punit Goenka to implement 20% reduction in his remuneration (Neutral)
*NALCO:* FY24 metal sale at 4.70 lk metric tons; cast metal production at 4.63 lk metric tons (Neutral)
*Axis Bank:* CCI clears Axis Bank-Max Life Insurance Company deal. (Neutral)
*Kamdhenu:* Board Meeting today to consider sub-division of existing equity shares (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
