STOCKS IN ACTION 16 NOVEMBER

Bajaj Finance: The Reserve Bank of India barred the company from lending under its “eCOM” and “Insta EMI Card” products. The regulator said that it would review the supervisory restrictions after the company rectifies the deficiencies to the RBI’s satisfaction.

TCS: The IT major has set Nov. 25 as the record date for its Rs 17,000 crore buyback. The company will buy back up to 4.09 crore shares for Rs 4,150 apiece.

Dabur: The company's two foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have been removed as defendants in multiple lawsuits filed in a U.S. court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues.

Satin Creditcare Network: A meeting of the board of directors of the company is scheduled to be held on Nov. 20 to consider the fund-raising proposal by way of the issuance of listed/unlisted, secured/unsecured, and non-convertible debentures on a private placement basis.

IIFL Finance: The NBFC will invest up to Rs 200 crore in arm IIFL Samasta Finance by way of subscription to 7,47,94,315 fully paid-up equity shares of face value of Rs 10 each, at a premium of Rs. 16.74 per share, through rights issue.

Suzlon Energy: Suzlon Group announced the RLMM listing of its S144-3 MW series of wind turbines, which are extendable to 3.15 MW, making them a formidable force in the market. This listing marks an important milestone for the successful commercialization of the product.

One 97 Communications: The company announced a partnership with global travel technology company Amadeus for the next three years. It will integrate Amadeus's expansive travel platform, enhancing travellers' experiences from search to booking and payments.

Vedanta: Unit Malco Energy incorporated a new wholly-owned subsidiary in the name of ‘Vedanta Copper International VCI' in Saudi Arabia for its copper business.

Brightcom Group: The company approved the appointment of Brand & Associates as new statutory auditors effective Nov. 15. It sought a 40-day extension from exchanges for filing half-yearly results due to the resignation of the existing auditor and the subsequent appointment of a new auditor.

RateGain Travel Technologies: The company opened its qualified institution placement issue on Nov. 15. The floor price has been fixed at Rs 676.66 per share.

Bank Of Baroda: Meeting of Capital Raising Committee on Nov 18
Meeting on issuance of debt capital instruments & long-term bonds
Raising capital for the financing of infrastructure and affordable housing

RATEGAIN TRAVEL TECHNOLOGIES:Launches QIP Of Size Rs 600 Crores
(Base Issue = Rs 400 Cr + Oversubscription Option = Rs 200 Crores)
QIP Has Indicative Issue Price Of Rs 643 Per Share
A Discount Of 9.68% To Last Closing Price. AwaazAlert Boardmeet on 20-Nov to determine the issue price

VST TILLERS TRACTORS :🚜 Unveils 3 brand new tractors, including its indigenously developed electric tractor, at the Agritechnica 2023 at Hanover in Germany
🚜 The Three Products Are 929 EV, 932 DI With Stage V Engine & 929 With HST Transmission

UNITED SPIRITS | TATA MOTORS
Government Sources To Network
On India-UK FTA Negotiations:
👉 India UK Trade Negotiations To Take Longer Due To Tough Negotiations
👉 UK Seeking Tariff Concessions On EVs, UK Slated To Phase Out IC Engine Vehicles By 2035
👉 UK Wants Lower Import Duties For Its EVs
👉 Negotiations Continue On Other Issues Including Rules Of Origin, Alcohol Tariffs, Work Visas

DCX SYSTEMS:Boardmeet To Consider Fund Raising via Issue of Shares or Convertible Instruments

JYOTI STRUCTURES Boardmeet
To Consider Fund Raising Via Issue Of Shares/ Convertible Bonds/ Debentures, etc

@DAYTRADERTELUGU