January 30, 2024
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stock updates ITC The company received a ‘no objection’ certificate from the exchanges to demerge their hotel business NTPC The company in the Q3 business update reported electricity sales rose by 15% year-on-year and coal plant PLF at 76% vs 68.9% year-on-year. Waaree Renewable Technologies The company have received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) work for solar power project KRBL The company announced the launch of its new product “India Gate Classic Biryani Masala” on 29th January 2024 Patel Engineering Ltd The company in a joint venture bags a Nira Deoghar Right Bank Canal works from KM 66 to KM 76 and KM 77 to KM 87 for irrigation projects. Container Corporation of India and Indian Oil Corporation Limited The companies have signed a MOU. The objective of this Non-Binding MOU is that IndianOil and CONCOR to hold discussions and undertake various activities in furtherance of the purpose such as to collaborate upon and mutually explore certain opportunities in areas for use of LNG as a fuel and in petrochemical & other container logistics requirements Havells India Ltd The Board has approved the incorporation of US subsidiaries. The board has approved investments up to $20 million in Havells International Inc, a wholly-owned subsidiary of the Company incorporated in Delaware, USA. LIC & Indraprastha Gas Ltd The LIC’s shareholding in IGL has increased from 7.3% to 9.3% of the paid-up capital Sunteck The company to enter the locations at Nepean Sea Rd and Bandra-Bandstand with GDV of over INR 3000 Crores” GAIL The company and ADNOC Gas ink a Long-term LNG contract fuelling India’s Natural Gas industry growth Shakti Pumps Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 46 Acres land to the Company. This land will be utilized for future expansion KEC International The company has secured orders worth Rs 1,304 crore across various businesses. Punjab National Bank The bank approved raising funds up to Rs 7,500 crore in FY25 via qualified institutional placements, further public offers, or other modes. The shareholding of the government remains above 52%. SEPC The company approved fundraising up to Rs 250 crore by issuance of equity shares and increase in authorized share capital to Rs 1,750 crore from Rs 1,450 crore

stock updates ITC The company received a 'no objection' certificate from the exchanges to demerge their hotel business NTPC The...

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January 29, 2024
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stock updates HDFC Bank Life Insurance Corp has received the Reserve Bank of India’s nod for acquiring up to a 9.99% stake in HDFC Bank Ltd Tata Group Airbus partners with Tata Group to set up India’s first helicopter final assembly line in the private sector DLF The company acquires 29 acres land in Gurugram’s Golf Course Extension for Rs. 825 crores SJVN The Company successfully bagged 100 MW Solar Project of GUVNL Phase XXI Shriram Finance The company will consider raising of funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis Exide Industries Limited The company has invested Rs. 50 crore by way of subscription in the equity share capital of its wholly owned subsidiary Exide Energy Solutions Limited Karnataka Bank The Board of Directors in its meeting have approved to raise balance Rs. 700 crores by way of preferential issue for an amount up to Rs. 100 crore and an amount aggregating up to Rs. 600 crores through, private placement, qualified institutions placement and/or any combination Piramal Enterprises Limited The company has entered into share purchase agreement to sell its entire direct investment of 20% of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for a consideration of Rs. 1,440 crores Macrotech Developers Limited The company has approved the proposal for enabling raising of funds up to Rs. 5000 crores by way of issuance of equity shares, eligible securities, other securities or instruments or any combination of securities, in one or more tranche or tranches Shyam Metallics and Energy Limited NCLT Kolkata has approved the Scheme of Amalgamation of Platinum Minmet Private Limited with Shyam Sel and Power Limited, wholly owned subsidiary of the company PVR INOX Limited Opened 4 screen multiplex at Mittal Mall,Ajmer, Rajasthan. IRB Infra Arbitration tribunal grants award in favour of SPV in a case against NHAI, IRB Infra says the company will receive Rs. 1681 crores in compensation. IRB is also entitled to receive further interest from the date of the award till the date of realization of the compensation Jubilant Pharmova Company’s wholly owned subsidiary to sell its entire 25.8% stake in Sofie Biosciences Inc for aggregate proceeds of about $ 139.43 million Subex The company gets RBI’s in-principle nod to set up Account Aggregator Services

stock updates HDFC Bank Life Insurance Corp has received the Reserve Bank of India's nod for acquiring up to a...

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