India Daybook – Stocks in News
FDC: US FDA Inspection for Baddi, Himachal Pradesh Unit Completed With Zero Observations (Positive)
JSW Energy: Arm JSW Neo Energy gets LoA for 250 mw grid-connected wind power project from Adani Electricity Mumbai. (Positive)
Kec International: Company wins new orders of Rs. 1,079 cr in transmission & distribution and cables businesses. (Positive)
Lemon Tree Hotels: Company signs license pact for 175-room property in Surat, Gujarat (Positive)
Cyient: Company incorporates subsidiary, Cyient Semi-conductors. (Positive)
Uno Minda: Sets up new manufacturing plant at Neemrana, Rajasthan (Positive)
Alstone textiles: Company approved issuance of 5 billion shares, issuance of shares to non-promoters on preferential basis; approved raising of fund up to Rs 10 billion (Positive)
Symphony: Company arm incorporates China-based unit Dongguan GSK Appliances. (Positive)
Shyam metalics: Company says acquisition of 100% stake in SMEL steel structural Pvt Ltd by unit Shyam sel and power ltd, entity being acquired belongs to manufacturing of various metal and metal products. (Positive)
Ambuja Cements: GQG Partners Emerging Markets Equity Fund bought 2.68 crore shares of Ambuja Cements (1.08%) at Rs 625.5 apiece. (Positive)
Zydus Life: Company to acquire 50% stake in Sterling Biotech from Perfect Day (Positive)
Ashoka Buildcon: Company emerges lowest bidder for MMRDA project worth Rs 478 cr (Positive)
IDFC: Gets Income tax Refund of ₹202.55 crore for assessment year 2023 – 2024 (Positive)
Karur Vysya Bank: RBI approves SBI Mutual Fund’s proposal to acquire 9.99% stake in Bank (Positive)
ONGC: Company started production from its 5th Oil Well in Block KG-DWN-98/2 Cluster-2 Asset Of Deepwater Block in Krishna River (Positive)
Hero MotoCorp: Hero Motors, the flagship auto components company of the group has filed its IPO papers with SEBI (Positive)
Trent, Bharat Electronics: NSE to add Trent, Bharat Electronics to Nifty 50 Index effective Sept 30 (Positive)
Alembic Pharma: Company gets U.S. FDA final approval for ANDA of Betamethasone Valerate Foam. (Positive)
REC: Company has inked an initial pact to provide up to Rs 45,000 crore financing to various Jawaharlal Nehru Port Authority projects. (Positive)
Vascon Engineers: Company plans to boost its real-estate business over the next two years. (Positive)
Jio Fin: Company received approval for foreign investment limit of 49% of the paid-up capital of the Company. (Positive)
PTC India: Company acquires Hot rolled mill to boost Titanium Alloy plates manufacturing. (Positive)
FTSE announces changes to FTSE all cap and all world indices. Bank Of Maharashtra, Bharat Dynamics, Central Bank Of India, Cochin Shipyard, Escorts, Endurance, GE T&D, HUDCO, IRB Infra, KEI, Hitachi and Llyod metals added to the list (Positive)
Varroc Engineering: Company issued commercial paper for up to Rs. 500 Million (Neutral)
Elpro international: Company acquired equity shares of central depository services, cost of acquisition Rs 142.2 Million (Neutral)
IDFC: Company gets Income Tax Refund of ₹202.55 crores (comprising Tax of Rs. 189.25 crores and Interest of ₹13.30 crores) for Assessment Year 2023-24. (Neutral)
TCC Infotech: Company has completed acquisition of natural environment solutions private industry to which the entity being acquired belongs to data centre (Neutral)
Vardhman textiles: Company issues clarification regarding winning of textile contract of Rs 30 Billion, Company doesn't have JV with manomay tex india in relation to said contract (Neutral)
Dr Reddy's Lab: USFDA completed a product-specific Pre-Approval Inspection at formulations manufacturing facility in Srikakulam, Andhra Pradesh. USFDA issued a form 483 with three observations (Neutral)
Zen Technologies: Company closes QIP, sets issue price at Rs 1,601/share: (Neutral)
SBI: Bank plans to raise up to Rs 7,500 crore by issuing tier-II bonds by the end of August. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
