STOCKS IN ACTION 18 MARCH

Life Insurance Corp: The government has approved a 17% overall hike in wages for more than 1.10 lakh employees of the insurance giant.

ITC: The company entered into a share purchase agreement with its arm, Russell Credit, to acquire a 45.36% stake in International Travel House.

Asset Management Companies: Mutual funds reported their stress test results on Friday, following the market regulator's concern about "forth" in the mid- and small-cap space.

Zee Entertainment: The company's Managing Director and Chief Executive Officer, Punit Goenka, streamlined the technology and data vertical.

Gujarat Gas: The company has invited expressions of interest from ceramic customers for the purchase of natural gas.

Hindustan Aeronautics: The company signed a contract worth Rs 2,890 crore with the Ministry of Defence for the mid-life upgrade of 25 Dornier aircraft along with associated equipment for the Indian Navy.

Jindal Stainless: The company supplied stainless steel for India's first underwater metro line in Kolkata. This landmark project is worth Rs 4,965 crore.

Rail Vikas Nigam: The company received a Letter of Acceptance worth Rs 339 crore from Maharashtra Metro Rail for the design and construction of the Pune Metro Rail Project.

Punjab National Bank: The bank, in its EGM, approved raising equity capital of up to R$ 7,500 crore through qualified institutional placements or any other permitted mode or a combination.

Brigade Enterprises: The company announced the launch of BuzzWorks in Bengaluru. BuzzWorks introduces flexible and managed workspace solutions to cater to the evolving needs of modern businesses.

Metro Brands: The company received an NCLT nod to demerge Metro Athleisure from the company.

Housing & Urban Development Corp.: The company will consider fundraising up to Rs 40,000
crore in bonds or debentures on March 20.

Dish TV India: The company appointed Manoj Dobhal as axecutive director, effective Friday.

ICICI Prudential: The company redesignated Sandeep Batra as chairman of the board, effective
June 30.

Aditya Birla Fashion: The company received a no-objection observation from NSE and BSE for a merger with TCNS Clothing.

Crompton Greaves: The company received a patent for a linear node tubular lighting system for 20 years.

Lupin: The USFDA inspected the company's manufacturing facility in Aurangabad from March 6
to March 15, 2024, and closed with the issuance of a Form 483 with one observation.

CSB Bank: The company appointed BK Divakara as executive director for three years, effective
Friday.

SJVN: The company received a letter of intent from Gujarat Urja Vikas Nigam for a 200 MW solar project.

Vinati Organics: The Finance Ministry imposed an anti-dumping duty on the import of 'Para-Tertiary Butyl Phenol' for five years.

Star Health and Allied Insurance: The company has been granted registration as an IFSC
Insurance Office for setting up a branch office in Gujarat.

KSB: The company received a letter of award of Rs 63.22 crore for a for a contract for 2500 solar water pumping systems under the PM-Kusum I|I Scheme.

Omaxe: The company has acquired 34.55% of Secure Properties Pvt.'s equity shares and subscribed 35% of 'Omaxe be Together Amausi Busport' and 'Omaxe be Together Ayodhya Dham Busport', making them associate companies.

Amber Enterprises: The company announced the incorporation of a wholly owned subsidiary, AT
Railway Sub Systems, to specialise in manufacturing railway components and sub-systems for the rolling stock industry in India and overseas.

GTPL Hathway: The company has completed the acquisition of Metro Cast Network India, increasing its holding from 34.34% to 50.10%.

Ashoka Buildcon: The company acquired 4.9 crore shares of GVR Ashoka Chennai ORR from GVR
Infra Projects. It will further acquire a total of 9.5 crore shares in GVR Ashoka Chennai ORR.

IRCON International: The company received a Letter of Acceptance for the construction of a twintube unidirectional tunnel in Mizoram for Rs 631 crore.