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STOCKS IN ACTION 15 February

One 97 Communication: The company clarified that it has been receiving notices from authorities including the Enforcement Directorate and that the Paytm Payments Bank does not undertake outward foreign remittances.

Hindustan Unilever: The company plans to partner with the Andhra Pradesh government to produce palm oil in the state.

Utkarsh Small Finance Bank: The board will evaluate a proposal for a reverse merger with its holding company, Utkarsh Corelnvest.

Container Corp of India: The company signed a Memorandum of Understanding with the container company of Bangladesh to extend the existing agreement for running container trains between India and Bangladesh.

State Bank of India: The public sector bank will keep MCLR-based lending rates unchanged for February.

West Coast Paper: The company achieved the milestone by doubling capacity for optical fiber cable production.

VIP Industries: The company appointed Manish Desai as the chief financial officer and key managerial personnel with effect from Feb. 14, 2024.

Indian Railway Catering and Tourism Corp: The Ministry of Railways approved the appointment of Sanjay Kumar Jain as chairman and managing director on an immediate absorption basis with effect from Feb. 14.

Avenue Supermarts: The company has invested Rs 100 crore in its arm, Avenue E-Commerce, by subscribing to shares on a preferential basis.

Adani Enterprise: The company's unit, Mumbai Travel Retail, has completed the incorporation process of a wholly owned subsidiary, Ospree International FZCO, in the UAE.

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