Stock Market News🇮🇳

2024-04-15 06:11:53 STOCK IN ACTION 15 APRIL

Power Grid Corp: The company will consider raising up to Rs 12,000 crore via NCDs on a private placement basis in a board meeting on April 17.

Patanjali Foods: The company said segmental volume in Q4 experienced mid-single-digit growth (YoY) and revenue from the edible oil segment in Q4 showed modest single-digit growth compared to the previous quarter.

Reliance Power: The company has transferred its 45 MW wind power project located in Maharashtra to JSW Renewable Energy for a consideration of Rs 132.39 crore.
Ami Organics: The company approved the raising of funds up to Rs 500 crore through QIP.

Engineers India: The company signed an MoU with Detect Technologies for Al-based monitoring of construction sites.

ISMT: The company received two orders worth Rs 343.7 crore from ONDC for the supply of casing pipes.

Zuari Industries: NCLT gave the nod to merge Zuari Sugar and Power with the company.

Bharti Hexacom: Sanjeev Kumar and Surajit Mandol resigned from the board effective today.

Granules: U.S. FDA inspected at Andhra Pradesh facility between April 8-12 and ended with zero observations.

Rail Vikas Nigam: The company received a letter of acceptance for works in connection with new line project of Araria - Galgalia of N.F. Railway. The project cost is Rs 95 crore.

Zaggle Prepaid: The company signed an agreement with Eversub India to provide employee expense & benefits management platform Zaggle Save.

Mphasis signs strategic collaboration agreement with AWS to launch Gen AI foundry for financial services


Coforge shareholders approve fundraise via QIP or issuance of shares, other securities

Bharti Hexacom: Sanjeev Kumar & Surajit Mandol resigns from co’s board w.e.f. April 12, 2024. Resigns due to termination of shareholders agreement upon the consummation of the IPO of the company.

AirIndia temporarily suspends flights to Tel Aviv, says official

Aster DM's board declares special dividend of ₹118/share ओपन / कमेंट

2024-04-10 05:56:58 STOCKS IN ACTION 10 APRIL

One 97 Communications: Surinder Chawla, MD and CEO of Paytm Payments Bank, has resigned effective June 26.

Paisalo Digital: The company's AUM grew by 32% YoY to Rs 4,622 crore in the foruth quarter, while disbursements jumped 38% to Rs 3,588 crore.

Lupin: The company launched first generic version of Oracea in the U.S.

Avenue Supermarts: The company opened a new store in Bengaluru. The total number of stores as on date stands at 366.

Gateway Distriparks: Sikander Yadav resigned as Chief Financial Officer due to personal reasons.

Insolation Energy: The company reported FY24 consolidated revenue up 164% YoY at Rs 738.8
crore.

Shyam Metallics: The company announced the establishment of a new stainless-steel hot rolled coils facility at its existing plant in Odisha.

Shoppers Stop: The company has collaborated with EaseMyTrip for sponsored holidays.

Rattan India Power: Manish Ratnakar Chitnis has been appointed as CFO after Ankur Mitra resigned.

ICIcI Prudential: The company received GST order worth of Rs 20.5 crore from Gujarat tax authorities for FY19.

Exide Industries: The company to acquired 26% stake in Clean Max Arcadia for Rs 5.3 crore.

PB Fintech: The company incorporated a wholly owned subsidiary PB Pay Pvt.

Welspun Living: NCLT has approved the scheme of amalgamation of 5 wholly owned subsidiaries with company.

Aditya Birla Fashion: incorporates new company ‘Aditya Birla Lifestyle Brands’

JSW Energy: aims to reach 20GW capacity ahead of its 2030 target ओपन / कमेंट

2024-04-08 07:35:46 #JustIN | Som Distilleries commences commercial production of increased capacity at Karnataka plant ओपन / कमेंट

2024-04-08 07:35:39 ओपन / कमेंट

2024-04-08 06:10:05 STOCKS IN ACTION 8 APRIL

Adani Wilmar: The company witnessed double-digit growth in edible oils and foods at the end of the fourth quarter. Food and FMCG volume growth stood at 10% YoY, while edible oil was at 13%.

Bandhan Bank: MD and CEO Chandra Ghosh will step down from the post after the completion of his current tenure.

ZEE Entertainment Enterprise: MD and CEO Punit Goenka has proposed the implementation of a lean and streamlined management structure to the board.

Punjab National Bank: The company reported total deposits stood at Rs 13.7 lakh crore, up 7% YoY as of March 31, total advances stood at Rs 9.86 lakh crore, up 11.5%, and total business stood at Rs 23.56 lakh crore, up 8.8%.

Titan: The company revenue rose by 17% YoY in the fourth quarter, with the with the jewellery business up 18%, the watches and wearables business up 6%, the eye care business down 1%, emerging businesses up 24%, and the Carat Lane business up 30%.

Shyam Metalics: The company reported steel sales at 2.38 lakh tonne, up 26.4% YoY for the end of March and long steel sales at 1.36 lakh tonne, up 11.2% YoY and steel sales at 6.87 lakh tonne, up 6.5% QOQ for the end of the fourth quarter and long steel sales at 3.8 lakh tonne, up 12% QOQ.

Union Bank of India: The company reported total deposits at Rs 12.2 lakh crore, up 9.3% YoY, as of March 31 and total business stood at 21.3 lakh crore, up 10.3%.

Indiabulls Real Estate: The company approved raising up to Rs 3,910.9 crore in one or more tranches via preferential issue of shares. Investors include Utpal Seth, Blackstone, Poonawalla Finance, and Quant MF.

Nestle India: The board approved increasing royalty payments to its parent firm by 0.15% annually for the next five years, thereby enhancing them to 5.25% of net sales.

Bank of Baroda: The company reported domestic deposits at 11.3 lakh crore, up 7.75% YoY as of March 31. Domestic advances stood at Rs 8.97 lakh crore, up 12.8% YoY; global deposits stood at Rs 13.3 lakh crore, up 10.2% YoY; and global advances stood at Rs 10.9 lakh crore, up 12.4% YoY.

Bank of India: The bank reported domestic deposits at Rs 6.3 lakh crore, up 11% YoY; as of March 31, domestic advances stood at Rs 4.93 lakh crore, up 14%; global gross advances stood at Rs
5.86 lakh crore, up 13.6%; and global deposits stood at Rs 7.38 lakh crore, up 10.2%.

Utkarsh Small Finance Bank: The lender reported total deposits at Rs 17,473 crore, up 27.4% YoY, as of March 31 and its gross loan portfolio stood at Rs 18,299 crore, up 31%.

Rites: The company signed an MoU with IIT Madras to collaborate on green energy projects in the field of transport and mobility.

UCO Bank: The company appointed Sourav Kumar Dutta as its new chief technology officer on a contractual basis for 3 years.

Aurobindo Pharma: The USFDA inspected the company's unit from March 28 to April 5 and closed with three observations.

Godrej Consumer: The company expects sales growth in the mid-single digits, driven largely by currency volatility and underlying volume growth is expected to be in the double digits.

Dr. Reddy's Laboratories: The company and Bayer signed a marketing and distribution agreement for the second brand of Vericiguat in India.

Mahindra EPC: The company received an order worth Rs 13.2 crore from the Office of the Assistant. Engineer to supply microirrigation systems for 2,700 hectares.

South Indian Bank: The company appointed Vinod Francis as CFO with effect from April 8, 2024.

Indiamart Intermesh: The company reappointed Dinesh Chandra Agarwal as MD and CEO for 5 years, effective Jan. 8, 2025.

Landmark Cars: The company will incorporate a wholly owned subsidiary, Landmark Premium Cars.

Greaves Cotton: The company's unit entered into an into an agreement with Tsuyo Manufacturing to advance its presence in the low-speed electric 3-wheeler vehicle segment and appointed K.
Vijaya Kumar as Executive Director and CEO. ओपन / कमेंट

2024-04-01 12:02:11 From Monday, April 01, 2024, the equity shares of Sri Adhikari Brothers Television Network Ltd shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. ओपन / कमेंट

2024-04-01 06:08:07 STOCKS IN ACTION 1 APRIL

HDFC Bank: The lender plans to sell its 100% stake in HDFC Education and Development Services through the Swiss challenge method. After the Swiss challenge process is over, the bank will decide on the purchaser.

Bank stocks: The RBI authorised 11 banks to import both gold and silver in FY25 from April 1.
Axis Bank, HDFC Bank, SBI, Karur Vysya Bank are among eligible buyers for gold and silver and Indian Overseas Bank, PNB and Union Bank of India can buy only gold.

NTPC: The company has discontinued operations of 2x110 MW Barauni Thermal Power Station
Stage-I permanently.

JSW Steel: Unit JSW Vijayanagar Metallics commissioned 5 MTPA capacity hot strip mill at its
Vijayanagar plant.

Muthoot Microfin: The company has raised $75 million via external commercial borrowings, to be utilized for on-lending and financing of eligible social loans.

Bank of India: The lender received a tax demand of Rs 564.4 crore from income tax department for AY18-19.

Punjab National Bank: The board approved raising capital up to Rs 10,000 crore via compliant bonds, in one or more tranches during FY25.

JM Financial: Atul Mehra ceases to hold office as Joint MD effective March 28 and Adi Patel redesignated as MD from Joint MD effective April 1.

Strides Pharma: The corporate insolvency resolution process against unit Strides Alathur has been stayed by the NCLT.

Shriram Finance: The company approved and allotted NCDs on private placement basis. The issue size is Rs 733 crore with a greenshoe option of Rs 617 crore.

Aurobindo Pharma: Unit CuraTeQ Biologics signed an agreement with Merck Sharpe & Dohme
Singapore Trading for contract manufacturing operations.

Rail Vikas Nigam: The company emerged as the lowest bidder for a Rs 148 crore order from railways for upgradation of electric traction system.

Torrent Power: The company has received letter of award from its distribution unit for setting up
150 MW grid-connected wind solar hybrid project with a cost of Rs 1,825 crore.

Asian Paints: The board approved investment of Rs 200 crore in unit Asian Paints International.

Macrotech Developers: The company will acquire 50% stake in Siddhivinayak Realties under.

Canara Bank: The bank will dilute 13% stake in Canara Robeco AMC by IPO, subject to regulatory approvals.

Reliance Infra: The company entered into agreements with Rosa Power Supply and Tato Hydro Power for availing secured borrowings in one or more tranches via inter corporate deposits of R
425 crore.

Honasa Consumer: The company announced its latest venture, Staze, a revolutionary colour cosmetic line designed to redefine beauty routines and an addition to its portfolio.

Chennai Petroleum Corp: The company revised cost of Cauvery Basin Refinery & Petrochemicals project to Rs 33,023 crore from Rs 29,361 crore. The board also revised JV's capital structure, with 75% equity from IndianOil and 25% from the company. ओपन / कमेंट