Stocks in News: NTPC: Government approves NPCIL-NTPC JV company to take up Nuclear Power Generation

AHMEDABAD, 18 SEPTEMBER

NTPC: Government approves NPCIL-NTPC JV company to take up Nuclear Power Generation (Positive)

SKF India: Company initiates a separation of its automotive business, separation of automotive business with objective of separate listing on Nasdaq Stockholm (Positive)

Vakrangee: Company partners with star health insurance to offer health insurance products (Positive)

Infosys: Company partners with Metro Bank to accelerate digital transformation. (Positive)

Indo Count: Company unit acquired majority stake in fluvitex USA, entity being acquired belongs to manufacturing of all kinds of textile products like pillows, comforters, and similar filled products (Positive)

Oil upstream stocks: Government scraps windfall tax on petroleum crude as global prices cool. (Positive)

Hindalco: Evaluating solar module production plans for next 5 years (Positive)

Tilaknagar Industries: Company gets Rs 103.6 million as partial subsidy from government of Maharashtra (Positive)

NIBE Ltd: Government of Maharashtra has confer the status of “Mega Project” under package Scheme of Incentives Policy, 2019, its proposed manufacturing facility at MIDC, Shirdi, Ahemdnagar (Positive)

Doms Industries: Company acquires majority stake in Uniclan Healthcare for Rs 54.88 crore (Positive)

Avantel: Company received order worth Rs 93.9 million from Newspace india for supply, installation and commissioning of ground segment hub (Positive)

KCP: High court of judicature at madras has passed an order in favor of Company (Positive)

Torrent Power: Company receives LoI Maharashtra State Electricity Distribution for “Supply of 1,500 MW Energy Storage Capacity from Pumped Hydro Storage Project (Positive)

Indo Tech: Company received letter of award worth Rs 425.6 million for supply of 4 NOS of 192 MVA transformers (Positive)

Kernex/Railtel: Kavach system operationalized on 108 km Kota-Sawai Madhopur section; 54 km/month pace. (Positive)

Rattan India: Company’s unit launches two electric motorcycles— RV1 and its premium variant. (Positive)

REC: Company has signed non-binding MoUs with RE developers aggregating about ₹ 1.12 lakh crore which will be implemented over a period of 5 years. (Positive)

Tata Power: Company’s solar cell unit in Tamil Nadu to be fully functional by October: CEO Praveer Sinha (Positive)

DCM Shriram Industries: Company receives BSE observation letter for composite scheme of arrangement (Neutral)

Tata Motors: TML SecuritiesTrust sells 1.15 crore shares of Tata Motors as part of DVR swap. (Neutral)

Biocon: LIC raises stake in Company to 5.023% from 4.982%. (Neutral)

TVS Holdings: Company unit to acquire additional securities in emerald haven town and country; deal for Rs 25 million, entity being acquired belongs to real estate, construction sector (Neutral)

Hindustan National Glass: Mr. Amal Chandra Saha Appointed as Non-Executive Independent Director of the Company (Neutral)

Dhanuka Agritrch: ICRA Limited has withdrawn the rating of AA (stable) and A1+ assigned for the bank facilities of the Company. (Neutral)

Utkarsh Small Finance Bank: RBI approves variable remuneration to be paid to MD & CEO for fy24 & fixed remuneration for FY25 (Neutral)

Mankind Pharma: Board meeting on September 20 to consider and approve raising of funds. (Neutral)

Satin Creditcare: Company to consider fund raising via NCDs on private placement basis on September 20 (Neutral)

Mphasis: Company appoints Ajay Arya as Head of Mergers & Acquisitions. (Neutral)

Zydus Life: Company to acquire Sterling Biotech’s fermentation-based API business for Rs 84 crore. (Neutral)

VST Ind: Ace investor Radhakishan Damani cuts stake in VST Industries. (Negative)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)