Stocks in News: RVNL, thomascook, NMDC, ADANIGREEN, NYKAA, SWIGGY, ZOMATO, HCLTECH

AHMEDABAD, 12 MARCH:

Rail Vikas Nigam Ltd: Company is the lowest bidder for a highway project in Andhra Pradesh. The project worth Rs 554.64 crore (Positive)

Thomas Cook: Company announced the launch of a new product, the “Borderless Travel Card.” (Positive)

Adani Green Energy: Company commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh. (Positive)

Godrej Agrovet: Company to acquire 48.06% stake in Creamline Dairy for ₹930 crore. (Positive)

Bharti Airtel: Elon Musk’s Starlink ties up with Airtel to come to India. Airtel and SpaceX to further explore how Airtel expertise in Indian market complements Starlink, expand Airtel’s offerings (Positive)

Zydus Life: Board approves block acquisition of 85.6% equity of Amplitude Surgical for €256.8 million (Positive)

Adani Ent: Adani Group bags Rs 36,000 cr redevelopment project in Mumbai: PTI (Positive)

Coromandel: Murugappa group promoted Coromandel International is in advanced talks to buy a controlling stake in Nagarjuna Agrichem (Positive)

Nykaa: Company incorporates wholly owned subsidiary ‘Nykaa Essentials’ for beauty & personal care (Neutral)

Canara Bank: Cuts lending rates on some tenures by 5-15 bps, effective March 12 (Neutral)

Kaynes Technology: Managing Director Ramesh Kunhikannan gets a Show-Cause Notice from the Securities and Exchange Board of India. (Neutral)

KPI Green Energy: Company appoints Surinder Kumar Negi as chief operating officer of the company. (Neutral)

Greenlam Industries: Shareholders approved increasing the authorized share capital to Rs. 30 Crore. (Neutral)

NDMC: Company unveils plan for 100% solar power by 2026, focuses on civic upgrades. (Neutral)

SRU Steels: Company announced the commencement of operations at its new infrastructure machinery unit in Rajkot on Mar 11, 2025. (Neutral)

Karur Vysya Bank: ICRA has reaffirmed its existing credit rating of ICRA A1+ for Bank’s Certificate of Deposit Programme worth Rs.5,000 Cr. (Neutral)

Sharika Enterprises Ltd: Company received credit ratings from CARE Ratings Ltd. for its bank facilities, CARE B+; Stable (Neutral)

Oriental Rail: Company secured a significant order from Indian Railways with Amount Rs 2.78 Cr. (Neutral)

Biofil Chemicals: Company announced the sudden death of its Chairman and Managing Director, Mr. Ramesh Shah. (Neutral)

Asian Granito India Ltd: Company incorporated a subsidiary company, PT AGL SURFACES INDONESIA, in Indonesia on Feb 7, 2025. (Neutral)

On Mobile Global: Company announced the closure of its Qatar branch, effective Mar 10, 2025. (Neutral)

Muthoot Capital Services: Company issued Rs. 25 Cr of Commercial Paper (CP) on Mar 11, 2025. (Neutral)

Swiggy: Company Announces Partnership with Sulabh International to Transition To 100% EV Delivery Fleet by 2030. (Neutral)

Swiggy/Zomato: Rapido in talks to challenge Swiggy and Zomato in food delivery space: Sources. (Neutral)

HCL Technologies: Company has been recognized as one ofthe World’s Most Ethical Companies for 2025 by Ethisphere. (Neutral)

Binny Mills Limited: Company announced the resignation of its Company Secretary and Compliance Officer, Smt. K. Aarthi, effective April 30, 2025, due to personal reasons. (Neutral)

Union Bank: Fitch Ratings affirmed Union Bank of India’s Long-Term Issuer Default Rating (IDR) at ‘BBB-‘. The outlook is Stable (Neutral)

Infosys: Company’s promoter Shruti Shibulal buys ₹494 cr shares amid IT stocks slump. (Neutral)

PB Fintech: Company to invest up to ₹696 crore in arm PB Healthcare. (Neutral)

TCS: Company to acquire Darshita Southern India Happy Homes for ₹2,250 crore to expand delivery center. (Neutral)

ICICI Bank/ ICICI Sec: Board of Directors set March 24, 2025 as the ‘Record Date’ for merger. Shareholders were set to receive 67 shares of ICICI Bank for every 100 shares of ICICI Securities (Neutral)

Rama Phosphates: ICRA reaffirmed long-term and short-term credit ratings for the company. The outlook for long-term facilities was revised to Negative. (Negative)

Amiable Logistics (India) Ltd: Company received a show cause notice from the Custom Department. (Negative)

D.S. Kulkarni: Company received a Rs. 81.76crore penalty order from the Income Tax Department for FY2015-16. (Negative)

Tamilnad Mercantile Bank Ltd: Company received a notice of demand from the Income Tax Department for the assessment year 2017-18, with ademand of Rs.58.91 Cr (Negative)