Fineotex Chemical: Recommended to shareholder for their approval for raising of fund upto `300 cr

Kalpataru Projects: says Income Tax Department initiated search at certain premises of the Company and at the residence of some of its Directors’ and executive

Sterlite Tech, HFCL: Govt imposes anti-dumping duty on optical fibre imports from China, Korea, Indonesia
Anti-dumping duty will be valid for 5 years

KIOCL stops pellet production at Mangalore‘s pellet plant unit w.e.f August 5, 2023, due to non-availability of iron ore fines

Solara Active Pharma: Aditya Puri resigns from position of Chairman

Delta Corp CFO Hardik Dhebar resigns

Kotak Mahindra Bank: The Bank was fined Rs 10 lakh by NSE Clearing for failure to upload the securities pay-in details of clients within the prescribed timeline. The Bank cited an operational delay due to heavy rains in Mumbai as the reason for the lapse.

Godawari Power And Ispat-Fire occurred at 8MW Bio Mass Power Plant of Hira Ferro Alloys Limited

@daytradertelugu

STOCKS IN ACTION 7 August🔽

Divgi TorqTransfer Systems: The company won an order of Rs 180 crore from an overseas customer to supply components for their OE Programme. The production will commence in Q4 of FY24.

AGS Transact Technologies: Received authorisation from the RBI to issue co-branded prepaid cards
Won an order of 1350 ATMs from country’s leading PSU bank; to be deployed in FY24

HG INFRA: receives completion certificate for: 2 lane NH353K highway in Maharashtra
Project cost `239cr

Ami Organics: The board has approved the issuance of up to 4,43,500 equity shares by way of preferential issue on a private placement basis to raise Rs 51.84 crore. The issue price was fixed at Rs 1169.

ABB India: The company will consider a special dividend at its Aug. 11 board meeting.

Adani Enterprises: The company's unit, Adani Digital Labs, has acquired a 70.19% stake in Stark Enterprises, popularly known as Trainman, for Rs 6.8 crore. The company had previously acquired a 29.81% stake in July.

AIA Engineering: The company will acquire a 30% stake in Australia's MPS for A$7.86 million via a share purchase agreement and shareholders' agreement. The acquisition will happen via UAE-based Vega Industries, the company's wholly owned subsidiary. The unit has the option to acquire a 40% stake in Vega MPS, a new company created by MPS promoters, over the next three years.

Brookfield India REIT: The company will garner Rs 400 crore by issuing units to sponsor group entity Project Diamond Holdings on a preferential basis and also plans to raise up to Rs 750 crore through the issue of commercial papers to finance the acquisition of two commercial assets in Gurugram and Mumbai.

Adani Wilmar, KRBL, and LT Foods: The Central government is considering all options, including a reduction in import duty, to contain the rise in wheat prices, Food Secretary Sanjeev Chopra said.

Dr. Reddy's Laboratories: The USFDA issued an Establishment Inspection Report after inspecting its Hyderabad plant. The inspection result was classified as Voluntary Action Indicated.

CE Info Systems: The board has re-appointed and paid remuneration to Rohan Verma as a whole-time director for a period of five years, with effect from April 1, 2024.

Aurobindo Pharma arm Eugia Pharma Specialities receives US FDA approval for Vancomycin Hydrochloride Injection used to treat certain serious infections
Receives 0 USFDA observations for Telengana facility

NDTV: The company received the government's permission to uplink and downlink four news channels—NDTV Rajasthan, NDTV Madhya Pradesh/Chhattisgarh, NDTV Gujarati, and NDTV Marathi.

Reliance AGM Special Business: Resolution to alter MoA objects to allow business in all areas of integrated renewable energy power projects

ICICILombard, ICICIBank: Gets RBI approval to increase stake in ICICILombard by 4.0% in multiple tranches

Fortis diagnostics business renamed; co divests Chennai hospital business

Karur Vysya Bank hikes lending rates by 25 bps across tenures w.e.f August 7, 2023

Emami: Promoter group released pledge of 12.4lk shares

INDIA ENERGY EXCHANGE: Enters carbon credit business

HDFC BANK: IRDAI gives Relaxation for insurance companies investments in HDFC post-merger with HDFC Bank.

Dixon Tech, Optiemus Infra, HCL Info: Govt extends deadline of import restrictions on laptops and computers till OCT 31 ,2023

Punjab & Sind Bank: Bank planning to foray into mutual fund space
Aims find a partner in 1-2 months

Navin Fluorine: Has received GPCB closure notice for its Dahej plant
Closure due to violations regarding air pollution norms
Closure expected to impact financials for Q2

Cipla: Pithampur Unit gets OAI status from FDA
OAI status means facility is an unacceptable state of compliance
Receipt of OAI clears an overhang on the stock because much worse like an Import Alert was feared

TATA STEEL, JSW STEEL: India mills raise HRC prices by Rs 750-1,000/tonne
Price hike led by improvement in China prices and being at 4% discount to parity