India Daybook Stocks in News
*BEL:* Company announced ₹695 crore order win for combat management systems (Positive)
*Wipro:* Company extends pact with John Lewis partnership to complete cloud transformation project. (Positive)
*Jain Irrigation:* Company signs MoU with Coffee Board of India for the commercial release of the advanced high quality, disease-resistant coffee plants to growers. (Positive)
*Lemon Tree Hotels:* Company signs a new property in shivpuri, Madhya Pradesh, this hotel will feature 50 well-appointed rooms, (Positive)
*Hindalco:* Company "Plan $10 Billion investment in India ops, Novelis expansion". (Positive)
*Akums Drugs:* Company has commenced its second production facility today for manufacturing of eye/ear drops (Positive)
*Prism Jhonson:* Company has entered into a shareholders agreement with sunbath sanitary private for investment of Rs 18.72 cr by subscribing to equity shares (Positive)
*Pulsar International:* Company Board has approved the issue Bonus shares out of free reserves to the existing equity Shareholders in the ratio 01:10. (Positive)
*Power Mech:* Company decided to issue bonus shares in the ratio of 1:1. (Positive)
*RailTel:* Company has received the work order from Uttar Pradesh Police Recruitment and Promotion Board for Service amounting to Rs. 52.6 Cr. (Positive)
*Bharti Airtel:* Company has GST demand of Rs 604.66 crore rectified to Rs 194 crore after filing an appeal. (Positive)
*Tech Mahindra:* Company to leverage AI to enhance aspects of engineering, supply chain, pre-sales and after-sales services for Mahindra & Mahindra. (Positive)
*Poly Medicure:* Company raises ₹1,000 crore by selling shares to at least major funds via QIP. (Neutral)
*Eris Lifesciences:* ChrysCapital offloads entire stake in company; Infinity Partners acquires shares for ₹1,187 crore (Neutral)
*Nestle:* Company names Laurent Freixe as CEO to succeed Mark Schneider. (Neutral)
*Bharat Forge:* Company to invest ₹105 crore in Kalyani Powertrain (Neutral)
*Shriram Finance:* Company approves sale of entire stake in Shri ram Housing Finance to Warburg affiliate. (Neutral)
*Nykaa:* Harindarpal Singh & Associates likely to sell up to 1.4% stake in Nykaa, floor price at Rs 198/share (Neutral)
*SRG Housing Finance:* Net profit at Rs 5.85 cr vs Rs 4.39 cr, Revenue at Rs. 33.98 cr vs Rs 26.85 cr (YoY). (Neutral)
*Zomato:* Company shuts down intercity 'Legends' after failing to find product-market fit (Neutral)
*Adani Power:* NCLT approves co’s resolution plan to buy Lanco Amarkantak Power. Cost of acquisition is ₹4,101 cr (Neutral)
*Ambuja Cement:* Promoter Entity Holderind to sell 2.84% stake in co via block deals. (Neutral)
*Alkem Laboratories:* Samprada and Nanhamati Singh Family Trust offloaded 8.5 lakh shares at Rs 5,732.15 apiece. (Neutral)
*SBI Life:* Company gets tax and penalty demand worth Rs 239 crore from Haryana tax authority (Neutral)
*Canara Bank:* Invited bids for its tier-I bond issue on August 27. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
