Infosys : A global company has elected to terminate September 14 MoU with Infosys
Alert | The MoU was signed to provide enhanced digital experiences, business operation services. Total client target spend of the MoU was over 15 years, estimated at $1.5 bn

Jindal Steel & Power enters: into an MoU with Rashtriya Ispat Nigam for Blast Furnace-3 (BF-3) operations. The furnace, set to be lit up on December 30, 2023, will boost production by 2 lakh tonnes of Hot Metal per month.

UPL: to raise funds up to Rs 4,200 cr via rights issue

Religare: Finvest commissions investigation regarding fund siphoning from RFL by erstwhile promoters

Vedanta: subsidiary BACL receives GST demand of Rs 84.7 crore

NCLT: approves RK Forging's acquisition with ACIL Limited

RBI imposes: Rs 5 crore penalty on Bank of Baroda

@daytradertelugu

STOCKS IN ACTION 26 DECEMBER

Aurobindo Pharma: U.S FDAs pre-approval inspection-from Dec. 11-22-at the U.S.-based unit
Eugia ended with 10 observations.

Adani Power: A consortium of Adani Power received letter of intent from resolution professional of Coastal Energen after lenders approved the resolution plan.

Adani Green Energy: Completed power purchase agreement with the Solar Energy Corp of India to supply 1,799 MW of solar power. Concludes power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded by SECl.

Zydus Lifesciences: The USFDA conducted an inspection at the API site situated in Ahmedabad between Dec. 14 and 22. The inspection was closed with six observations.

Bank of Baroda: The company raised its stake in Open Network for Digital Commerce (ONDC) to 8.51% from 5.56% for Rs 30 crore.

KPIT Technologies: The company approved the initial strategic acquisition of 13% shareholding in N-Dream AG, a cloud-based game aggregation platform for €2.7 million as a primary investment and €0.3 million as a secondary investment.

RBL Bank: RBI-appointed director, named in 2021 when the bank was going through an unexpected leadership transition, retired on Dec 23.

Talbros Automotive Components: The company approved divesting and selling its entire 40% stake in Nippon Leakless Talbros to Nippon Leakless Corp. and Leakless Gasket for a consideration of Rs 81.80 crore.

Adani Wilmar: The company's promoters, Adani Commodities and Lence, have proposed to sell their stakes to comply with the minimum public shareholding norms. The promoters sell up to a 1.24% stake between Dec. 26 and Jan. 31.

AstraZeneca Pharma: The company received a Rs 14.1 crore tax demand from the Income Tax Department for AY 2021-22.

Archean Chemical Industries: The company's unit was declared the successful bidder for acquiring Oren Hydrocarbons.

NHPC: The company will monetize future cash flow in respect of the Kishanganga power station or any other power station of the company for 8-10 years in a single tranche during FY 2023-24 or beyond.

Rites: The company signed a MoU with Northeastern Electric Power Corp. for consultancy work.

Arman Financial Services: The company raised Rs 230 crore via QIP and set the issue price at Rs 2,195 per share, which indicates a discount of 4.96% to the floor price of Rs 2,309.51 per share.

Polycab India: The Income Tax Department has commenced search operations at the company's premises.

Transformers and Rectifiers: The company has completed the 'Dynamic Short Circuit Test' on
105 MVA. The test was conducted at the national high-power test laboratory. With the successful completion of this test, the company has crossed a commendable milestone of a successful dynamic short circuit test on a record 150+ transformers in the last two decades.

Grindwell Norton: The company approved the investment of Rs 11 crore in VEH Wind Energy and an investment of Rs 15 crore in Advanced Synthetic Minerals.

TTK Prestige: The company appointed Venkatesh Vijayaraghavan as the Chief Executive Officer.

Crompton Greaves Consumer Electricals: The company launched a new product 'CAVELO' in the category of 70W well glass trade to cater to the domestic market.

Power Finance Corp: The company's unit incorporated a wholly owned subsidiary, namely KHAVDA PSI and three transmissions for the development of "Provision of Dynamic Reactive Compensation at Khavda Pooling Station 1 and Khavda Pooling Station 3."

Carysil: Acrysil USA Inc, a wholly owned subsidiary of Carysil Ltd., acquired 100% membership interest of United Granite LLC.

PNC Infratech: PNC Infratech's PNC Unnao Highways received provisional completion certificate on Dec. 25 for NHAI project worth Rs 1,602 crore.

Reliance Ind: & Walt Disney sign non-binding term sheet to merge Indian media ops