STOCKS IN ACTION 28 AUGUST

IndoStar Finance Capital: The company has sold part of its legacy corporate loan book to Phoenix ARC, which consists of certain accounts tagged in Stage 2, aggregating to outstanding dues of Rs 915 crore. Phoenix ARC will set up a trust to monitor the progress of real estate projects and will also consider funding certain amounts towards financing the completion of these projects. Post-sale, retai

Garden Reach Shipbuilders & Engineers: An MoU was signed with DEMPO Group to launch a collaboration model to build commercial vessels in the three premier shipyards of DEMPO at Goa and Bhavnagar.

India Grid Trust: The company completed the acquisition of 100% of the units in Virescent Renewable Energy Trust for Rs 4,000 crore. The acquisition adds 16 operating solar projects held by 15 SPVs with a capacity of 538 MWp.

NMDC Steel: The company's Nagarnar steel plant achieved the feat of producing hot-rolled coil in nine days from hot metal. The plant has a capacity of three million tonnes. Karur Vysya Bank: The bank

Karur Vysya Bank: The bank inaugurated 10 new branches, increasing its branch network to 822. The ATM network of the bank will increase to 1,640 and cash recyclers to 611.

HDFC Bank: Reappointed Sanmoy Chakrabarti as Chief Risk Officer for a period of five years, with effect from Dec. 14, 2023.

Crompton Greaves Consumer Electricals: The company has launched its mass premium induction products, HighSpeed Java and HighSpeed TORO, for the domestic market.

Somany Ceramics: The company will invest Rs 33 crore in its subsidiary Sudha Somany Ceramics and divest its entire 51% stake in Somany Fine Vitrified.

Waaree Renewable Technologies: The company's CFO, Hitesh Pranjivan Mehta, has resigned and will continue to be an executive director. The board has nominated Dilip Panjwani as CFO.

Linde India receives Letter of Acceptance from Steel Authority of India (SAIL) for installation of 1000 tonnes per day Cryogenic Oxygen Plant on Construct, Operate and Maintain (COM) basis for a period of 20 years

BEML gets export order worth $19.71 m from Russia-based KAMSS for BEML Dozer BD355

Reliance AGM: Fuel cell to solar photovoltaic module outlook, what to expect from O2C and new energy biz

HPCL: Russian grades contribute up to 23% of HPCL's oil needs

Tata Steel: Energy transition can only happen with policy framework and carbon markets. Cost and complexity of energy transition is immense and which will need govt support, says Tata Steel MD & CEO, TV Narendran

Kotak Mahindra Bank: We have certainly no choice but to go beyond capital which expects returns to capital which is willing to take the losses, says Kotak Mahindra Bank MD & CEO, Uday Kotak

L&T Buyback Update: September 12 set as record date for Rs 10,000 crore buyback

Vedanta wins arbitration against govt in $1.1 bn cost disallowance case

ITC Development of new renewable technologies has to be made accessible with incentives, viability gap funding and without IP protection. Current inflation trends are transitory because of the impact on some horticulture products, says Sanjiv Puri, Chairman & MD of ITC

ZEE ENTERTAINMENT MSCI to remove Zee Entertainment stock from Global Smallcap Index

Gland Pharma received form 483 with two observations for the Hyderabad plant

KRBL, LT Foods: India imposes 20% export tax on shipments of parboiled rice

CCL Products: Key equipment of a wholly owned subsidiary witnessed breakdown

GR Infra wins order worth Rs 3,637 cr for a multipurpose project

BEL wins order worth Rs 3,289 cr during july

Jio: AirFiber launch date to more on JioBharat Phone & JioBook, what to expect from the telco

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