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Infosys The company and ATP Renew Partnership until 2026 to Drive AI-first Innovations in Professional Tennis Cyient Cyient joins a rapidly expanding network of businesses as an eSync Alliance member. HAL The Company has signed an amendment to the LCA IOC Contract. The value of the Contract has been revised from Rs.2700.87 Crore to Rs.5077.95 Crore. Indiabulls Housing Finance Moody’s Investors Service has upgraded Indiabulls Housing Finance Limited’s long-term corporate family rating to B2/Stable from B3/Stable. Moody’s has also upgraded the company’s foreign and local currency ratings on its senior secured medium- term note (MTN) program to (P)B2 from(P)B3. HCC The board meeting to be held on March 12, 2024 inter alia to consider, discuss and decide various matters in connection with the Rights Issue, including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue. Jupiter Wagons Ltd The Company has received an offer from Ministry of Railways to manufacture and supply of 2237 numbers of BOSM Wagons for a contract value of Rs. 956 crores LIC The company has increased its shareholding through private placement basis in LIC Mutual Fund Asset Management Limited, shareholding of the company in LIC MF has increased from 40.93% to 44.61% of the paid-up capital Exide Industries The company will invest Rs 70 crore in unit Chloride Metals to finance long-term capital requirementsNLC India The government on Wednesday said that it plans to sell up to 7% stake in NLC India through an offer for sale, and has set the floor price for the same at Rs 212 a share. Tata Motors Moody’s Investors Service has affirmed its “Ba3” corporate family rating on Tata Motors, and also maintained “positive” outlook, following the automaker’s move to demerge the commercial and passenger vehicles businesses. Mahindra and Mahindra Mahindra and Mahindra clarified on reports that Prudential Media & Services is considering sale of company’s shares through block deal. UPL UPL’s arm UPL Corp Mauritius has entered into a share subscription agreement to set up a manufacturing complex in Saudi Arabia for the production of phosphate, cyanide and chlorine value added products

Infosys The company and ATP Renew Partnership until 2026 to Drive AI-first Innovations in Professional Tennis Cyient Cyient joins a rapidly expanding network of businesses […]

M&M 1960 CE    AT  =66 CMP= 61 SL  =55 Lot = 350 Trgt=68/70/72++++BRITANNIA 4900 CE    AT  = 95 CMP= 89 SL  =80 Lot = 200 Trgt=99/103/107++++CIPLA 1470 CE  AT  = 48 CMP= 45.60 SL  =42 Lot = 650 Trgt=49/50/51++++TATACOMM 2000 CE    AT  =76 CMP= 72.55 SL  =68 Lot = 500 Trgt=78/80/82++++ASIANPAINT 2840 CE    AT  = 67 CMP= 61.5 SL  =50 Lot = 200 Trgt=71/75/79+++INFY 1600 CE    AT  = 56 CMP= 51.95 SL  = 47 Lot = 400 Trgt=58/60/62++++

M&M 1960 CE    AT  =66CMP= 61SL  =55Lot = 350Trgt=68/70/72++++ BRITANNIA 4900 CE    AT  = 95CMP= 89SL  =80Lot = 200Trgt=99/103/107++++ CIPLA 1470 CE  AT  […]

Agri-Commodity Update – 05-Mar-2024*# India’s Oct-Feb sugar output 3.10 lt lower from year-ago period, says ISMA*Domestic Agri-Future market Update*# *NCDEX Turmeric Apr* corrected in today’s trade after it climb to 5-months high (17,778) in previous session. Prices are on uptrend due to expectation of lower production this season.# *NCDEX Jeera Mar* trading in a broad range due to balanced supply and demand conditions. Last week prices down by 5.34% as new season arrivals keep prices under pressure on expectation of bumper crop this season.# *NCDEX Dhaniya Apr* down 1% today after it climb to 10-weeks high in the previous session due to improving physical demand.# *NCDEX Castor Mar* breaks previous two session highs but face resistance near 5750 levels due to improving arrivals in the physical market.# *NCDEX Cocud Mar* witnessed some selling pressure at higher levels. Prices jumped more than 8% in last one month due to increasing physical demand.# *NCDEX Guar seed Apr* down about 2% on reports of lower guar gum exports and higher availability of guar seed in physical market.# *NCDEX Kapas* trading within the previous session range but little under pressure near 1641 levels.# *MCX Cottoncndy Mar* open flat but trade moderately lower near 61,800 levels.*International Market Update*# ICE Cotton is trade moderately lower due to slowing down exports from the US and selling pressure at higher levels due to reports of increase area in the US in coming sowing season.# Chicago soybean futures slipped on Tuesday, surrendering gains from the previous session, as bountiful supply from South America weighed on the market.# USDA is more likely to be more aggressive in adjusting South American production and expect to cut 3 to 4 million tonnes off their Brazil estimate in March report.# Soybean crush in Jan-24 at just under 195 mil. bu. was below expectations, down 5% from Dec-23 and a 4 month low.

Agri-Commodity Update – 05-Mar-2024* # India’s Oct-Feb sugar output 3.10 lt lower from year-ago period, says ISMA *Domestic Agri-Future market Update* # *NCDEX Turmeric Apr* […]

STOCKS IN ACTION 2 MarchZee Entertainment Enterprise: A Delhi court has ordered Bloomberg to take down an article that alleged corporate governance issues at the company and reported that the market regulator has found a $241 million accounting issue at the company.One 97 Communications: The Financial Intelligence Unit of India has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violations of the bank’s obligations under the Prevention of Money Laundering Act, 2002.Jio Financial Services: The Bombay Stock Exchange announced its periodic reconstitution of S&P BSE Indices on Thursday, with Jio Financial Services being the only addition to the S&P BSE Large Cap.Axis Bank: The company approved the raising of Rs 4,000 crore via long-term bonds, non-convertible debentures, and other debt instruments. The fundraise will have a base issue size of Rs 1,000 crore and a green shoe option of Rs 3,000 crore.Asian Paints: The company will set up a new water-based paint manufacturing facility in Madhya Pradesh with a capacity of 4 lakhs KL per annum. The approximate investment for the facility is Rs 2,000 crore.Torrent Power: The company received a Rs 2,700 crore order from Railway Energy Management for installing about 325 MW of renewable capacity. The company received a letter of award from NTPC Vidyut Vyapar Nigam to supply power from a a gas-based power project.Info Edge: Google removes Info Edge’s job search app Naukri and property search app 99acres from Play Store enforcement action.Tanla Platforms, Vodafone Idea: Tanla Platforms has signed a definitive Memorandum of Understanding with Vodafone Idea Business Services Ltd. to deploy ‘Messaging as a platform’ in India.Cipla: The U.S. FDA conducted a pre-approval inspection at the manufacturing facility in China from Feb. 26 to March 1 and concluded with zero Form 483 observations.PVR Inox: The company opened a 4-screen multiplex in Patna and a 14-screen multiplex in Pune.Larsen and Turbo: The company’s arm has transferred the remaining 25% stake in step-down unit IIML to Allianz Infrastructure Luxembourg on Feb. 29.Maruti Suzuki India: The company reported total production volume at 1.78 lakh units vs. 1.59 lakh units year-on-year for the month of February.Hero MotoCorp: The company reported total sales at 4.68 lakh units vs. 3.94 lakh units year-on-year and total exports at 23,153 units vs. 12,143 units.Welspun Corp.: The company’s unit proposed to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh for an investment of Rs 400 crore.Rainbow Children Hospital: The company has inaugurated a new 80-bed hospital in Tamil Nadu. After this, the total bed capacity of the company will increase to 1,885 beds. The total project cost is Rs 60 crore.Lemon Tree: The company signed a franchise agreement for an upcoming hotel in Udaipur, Rajasthan, under its brand, ‘Keys Lite’.PFC: The company incorporated Bhuj II Transmission for the development of ‘Augmentation of Transformation Capacity at Bhuj-11 PS and Angul Sundargarh Transmission for the development of ‘Eastern Region Transmission Limited Generation Scheme-l’.FSN E-Commerce Ventures: The company expands its global footprint with the launch of Nysaa, the first ever beauty retail store in Dubai, in collaboration with Apparel Group.S H Kelkar and Company: The company incorporated a wholly owned subsidiary in New Jersey, USA.Angel One: The company collaborated with a group of seasoned wealth managers to lead its tech-led omnichannel wealth management business.Ganesha Ecosp The company announced the start of commercial operations at its subsidiary’s production lines for recycled polyester staple fibre and PET chips in Telangana.Harsha Engineers: The company has terminated HASPL Americas Corp., a wholly owned subsidiary of the company, in accordance with applicable laws as per a certificate issued by the state corporation commission

STOCKS IN ACTION 2 March Zee Entertainment Enterprise: A Delhi court has ordered Bloomberg to take down an article that alleged corporate governance issues at […]