India Daybook Stocks in News
*GE Vernova:* Company bags 3 orders worth ₹500 crore From Power Grid Corp. (Positive)
*Shalby:* Company has received reaffirmed/assigned credit ratings of [ICRA] A+ (Stable) from ICRA Limited for enhanced long-term fund-based and non-fund-based facilities. (Positive)
*Power Grid:* Company declared successful bidder for 3 projects to establish inter-state transmission system on build, own operate and transfer (BOOT) basis. (Positive)
*Welspun Specialty:* Company notified as L1 bidder for a project worth Rs 231.77 crore by BHEL (Positive)
*ABB India:* Company announced a strategic investment in UptimeAI, an AI startup. (Positive)
*Star Cement:* Company Declared Preferred Bidder for Limestone Block in Assam, Company Says Limestone Block in Assam Has 192.36 Million Tonnes Resource (Positive)
*Adani Wilmar:* Company to acquire G.D. Foods, owner of Tops. (Positive)
*RVNL:* Company has received a letter of acceptance from HPSEBL for developing distribution infrastructure in Himachal Pradesh's Central Zone. The project is valued at Rs 729.82 Cr. (Positive)
*Adani Ports:* Sustainalytics upgrades ESG risk rating – Adani Ports rated “Negligible” risk compared to previous “Low” risk rating, ranked second in the marine ports subindustry (Positive)
*Biocon:* Company received final approvals from the US FDA for Lenalidomide Capsules and Dasatinib Tablets. (Positive)
*IFCI:* Company allocated 8.07 crore equity shares to the Government of India (through President of India) on a preferential basis. (Positive)
*Refex Industries:* Refex eVeelz set to expands its EV Fleet with 1000 electric cars in Strategic Partnership with leading ride-hailing platform. (Positive)
*Piramal Enterprises:* Company's promoter group purchased 2,40,000 equity shares (Positive)
*Force Motors:* February Sales Up 46.3% at 3,600 Units Vs 2,461 Units (YoY) (Positive)
*PTC India:* ONGC Expands Renewable Energy Footprint with PTC Energy Acquisition (Positive)
*Oil Downstream companies:* Brent oil slips below $70/bbl for first time since October. (Positive)
*RDB Infrastructure:* Company sold a non-agricultural land plot measuring 10667.52 sq. mtrs for Rs. 60 Cr. (Positive)
*JSW Energy:* Competition Commission of India (CCI) approves acquisition of KSK Mahanadi Power Company by the company (Neutral)
*IKIO Lighting:* Company has changed its name to IKIO Technologies Ltd, effective March 4, 2025 (Neutral)
*Dr Reddy’s:* Company sells 14-drug portfolio to Senores Pharma for US market expansion (Neutral)
*Viceroy Hotels:* Company received a demand notice from Southern Power Distribution Company of TS Ltd for Rs. 3.55 cr as cross-subsidy surcharge for FYs 2005-06 to 2014-15. (Neutral)
*Coforge:* Board approves stock split in the ratio of 1:5. (Neutral)
*Grasim Industries:* Company commences commercial production of Birla Opus Paints plant at Mahad, Maharashtra. (Neutral)
*Paramount Cosmetics:* Company has received credit ratings from CARE Ratings Ltd. for its banking facilities. CARE B rating; Stable outlook. The amount rated was Rs. 8.23 Cr. (Neutral)
*Hubtown Ltd:* Company is on track to complete its major Ghatkopar project (Neutral)
*Saint-Gobain:* Jeyendran Jayaseelan resigns as Chief Financial Officer of the company w.e.f. March 25, 2025. (Neutral)
*Ashiana Ispat:* Company’s Secretary and Compliance Officer, Mr. Harun Rashid Ansari, resigned. (Neutral)
*Avenue Supermarts:* Company opened a new store in Kodad, Telangana. The company now operates 392 stores. (Neutral)
*Walchandnagar:* Company approved acquiring a 60.3% stake in Aicitta Intelligent Technology, a defense R&D firm, for up to Rs 16 crore. (Neutral)
*APL Apollo Tubes:* CARE Ratings has reaffirmed and withdrawn the outstanding ratings of 'CARE AA; Positive. (Neutral)
*Rajoo Engineers:* Company’s board approved raising up to Rs. 225 Cr through QIP. (Neutral)
*Apollo Hospitals:* Company plans to commission a comprehensive Oncology centre at a cost of ₹250 cr (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
