STOCKS IN ACTION 11 SEPTEMBER

Adani Enterprises: Adani Global Pte., Singapore, has signed a 50-50 joint venture agreement with Singapore-based Kowa Holdings Asia Pte.

Reliance Industries: The company will partner with U.S.-based chipmaker Nvidia to develop India’s own large language model, trained on regional languages, for tailored generative AI apps. Nvidia will provide Reliance Jio Infocomm access to its most advanced supercomputing service on the cloud to build AI applications for its 450 million telecom subscribers as well as stakeholders in India’s techno

Tata Communications: The company will collaborate with Nvidia to develop an AI cloud in India aimed at providing critical infrastructure that enables computing’s next lifecycle. That will result in high-speed data transfers for enterprises.

TCS: The IT major will utilise the AI infrastructure to build and process generative AI applications as well as collaborate with clients with an AI-first approach. Additionally, TCS will upskill its 6,00,000-strong workforce by leveraging the partnership.

ICICI Bank: The lender has received the RBI's nod to make I-Process Services a wholly-owned subsidiary. The bank currently holds a 19% stake in the manpower and training support provider.

REC: The state-owned company has received shareholders' approval to increase the overall borrowing limit of the company from Rs 4.5 lakh crore to Rs 6 lakh crore in its 54th AGM. Besides, the shareholders also approved a special resolution for raising funds through private placement of unsecured or secured non-convertible bonds or debentures up to Rs 1 lakh crore in one or more tranches till Sept.

NTPC: Subsidiary NTPC Green Energy and V O Chidambaranar Port Authority will jointly develop a green hydrogen hub at Tuticorin in Tamil Nadu. Green hydrogen and its derivatives, such as green ammonia and green methanol, will be produced at the hub to be built on the land provided by VOCPA.

SJVN: Subsidiary SJVN Green Energy signed a power purchase agreement for 25 years with Bhakra Beas Management Board for an 18 MW solar power project in the states of Himachal Pradesh and Punjab.

Coffee Day Enterprises: IDBI Trusteeship Services has filed a bankruptcy and insolvency plea with the NCLT against the company on an alleged Rs 228.45 crore default.

Gateway Distriparks: Sandeep Kumar Shaw will resign as CFO effective Nov. 28, citing personal reasons.

Vakrangee: The company will acquire a 48.5% stake in Vortex Engineering from Aaviskaar Capital.

Shyam Metalics and Energy: The company has announced an offer for sale of up to 1.3 crore shares, or 5.11% stake, for Rs 414 apiece. Promoters Narantak Dealcomm and Subham Buildwell will sell stakes. The OFS will open and close on Sept. 11 for non-retail investors and on Sept. 12 for retail investors.

IRB Infrastructure toll: collections up 24% at Rs 417.2 cr Vs Rs 336 cr (YoY)

PVR Inox: opens 4 screen multiplex at Smart City Mall at Dharwad, Karnataka

Adani Ent: promoter acquired additional 2.06% stake in the company from August 21-September 7, holding rises to 71.93%

UCO Bank: hikes lending rates by 5 bps across tenures details here

IndiGo: shifts operations to new Rajkot International Airport in Gujarat

DHRUV CONSULTANCY SERVICES: CO SAYS RECEIVED LETTER OF AWARD FOR PROJECT WORTH 106.2M RUPEES || CONTRACT PERIOD WILL BE OF 138 MONTHS

ETHOS: HAS ACHIEVED A FAVORABLE OUTCOME IN ITS DELHI VAT MATTER WHEREIN THE OBJECTION HEARING AUTHORITY (OHA) HAS ISSUED ORDERS RESULTING IN THE SUCCESSFUL REMAND OF THE CASE BACK TO THE VAT OFFICER (VATO) || ORDERS ISSUED BY THE COMPETENT AUTHORITY HAVE RESULTED IN THE NULLIFICATION OF THE TOTAL DEMAND, WHICH PREVIOUSLY STOOD AT AN AGGREGATE AMOUNT OF 33.76 CRORES RUPEES

@daytradertelugu