STOCKS IN ACTION 7 JUNE

ICICI Bank: SEBI has issued an administrative warning to the bank regarding the outreach by bank employees to influence votes for delisting equity shares of ICICI Securities.

Hero MotoCorp: India's largest two-wheeler maker picked up an additional 2.2% stake in the Bengaluru-based electric mobility startup Ather Energy for Rs 125 crore.

Wipro: The company has been awarded a $500 million deal by a leading US communication service. The contract value is around Rs 4,175 crore.

Rail Vikas Nigam: The company received a letter of acceptance from NTPC for a project worth Rs495 crore.

Hindustan Unilever: The company appointed Arun Neelakantan as Executive Director, effective July 1.

Mastek: The company introduced the icxPro platform with NVIDIA Al. icxPro is a cloud-native platform designed for building scalable Al apps.

Bajaj Finserv: The board of Bajaj Housing Finance has approved an IPO of Rs 4,000 crore.

PB Fintech: SEBI issues show cause notice to CEO Yashish Dahiya and it sent a notice over the investment of $2 million by the Dubai unit for a 26.7% stake in YKNP Marketing Management.
The company is seeking legal advice on the SEBI notice.

Tata Steel: NCLT approved the Scheme of Amalgamation of Bhubaneshwar Power with the company.

Alkem Laboratories: The company will make an investment of Rs 30 crore in compulsorily convertible preference shares of HaystackAnalytics.

Rites: The company has received an order from Tata Steel for Loco Hiring, along with operation and maintenance.

Tata Chemicals: The UK Court orders Tata Chemicals Europe to pay a GBP 1.1 million fine. The order relates to a safety incident that occurred in 2016.

Dixon Technologies: The company signed a term sheet with HKC Corp. for a prospective joint venture.

Muthoot Microfin: The company entered into a co-lending agreement with SBI to empower women entrepreneurs.

Welspun Enterprises: IOCL shall pay Rs 23.7 crore to the company towards the full and final settlement of claims relating to the Panipat Naphtha Cracker Project. The company filed a suit before the Delhi High Court against IOCL in 2018.

Allcargo Terminals: signs MoU with Kences Container Terminal (KCTL) to operate a KCTL’s container freight station at Chennai for business/ capacity expansion

Wipro: gets $500 m contract from a leading US Communication service provider

Pidilite Industries: divests its entire shareholding in an associate company, Climacrew

VALOR ESTATE: CO APPROVES COMPOSITE SCHEME OF ARRANGEMENT INVOLVING DEMERGER OF HOSPITALITY BUSINESS INTO SEPARATE LISTED CO || COMPOSITE SCHEME INVOLVES MERGER OF ESTEEM PROPERTIES; SHARE ENTITLEMENT RATIO SET AT 1 ADVENT SHARE FOR EVERY 10 SHARES IN CO

HUDCO: CO SIGNED A MOU WITH INDIA INFRASTRUCTURE FINANCE COMPANY WITH THE AIM OF REINFORCING COOPERATION AND COLLABORATION TO LEVERAGE RESPECTIVE STRENGTHS FOR EXTENDING INFRASTRUCTURE CO-FINANCING, REFINANCING, PROJECT MANAGEMENT CONSULTANCY SERVICES AND CAPACITY BUILDING ACTIVITIES, SUBJECT TO COMPLIANCE WITH THEIR RESPECTIVE MANDATES AND POLICIES

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