STOCKS IN ACTION 7 MARCH
Vedanta: The company is exploring all possible legal solutions, including the possibility of filing a review petition against the top court's decision that rejected the mining giant's plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu.
Infosys: The IT major has announced the renewal of its digital innovation partnership with the
ATP Tour until 2026, aimed at driving Al-first innovations in professional tennis.
Hindustan Aeronautics: The company has signed an amendment to the LCA IOC contract. The value of the contract has been revised from Rs 2,700.87 crore to Rs 5,077.95 crore.
Mahindra and Mahindra: Promoter Prudential Management and Services has offered to sell up to 93 lakh shares or 0.75% equity, in the company for Rs 1,832 crore.
Bajaj Finserv: The company's unit reported a Rs 1,294 crore general insurance gross direct premium for the month of February and a Rs 1,050 crore life insurance premium for the month of February.
Asian Paints: The company's unit entered into the requisite agreements with Gujarat Chemical Port to set up an ethylene storage and handling facility in Dahej, Gujarat.
Glenmark Pharmaceuticals: The company has started the process of selling 55% of its subsidiary, Glenmark Life Sciences, to Nirma. Glenn Saldanha resigned from the position of Chairman, Non-Executive Director, effective March 6.
Life Insurance Corp.: The insurer has increased its stake in LIC Mutual Fund from 40.93% to 44.61% through private placement.
NLC India: The government will sell up to 9.71 crore shares, including the green shoe option, via an offer for sale at Rs 212 per share.
Subex: The company announced it has secured a deal with a prominent telecom operator in Southeast Asia for deploying its state-of-the-art business assurance and fraud management solutions on Hyper Sense.
OnMobile Global: The company appointed François-Charles Sirois, Executive Chairman, as CEO and Sanjay Baweja resigned from the role of 'Global Chief Executive Officer and Managing Director'.
Kaynes Technology India: The company's unit signed a technology provision agreement with ISO to enable the unit to set up a supply chain for OSAT business in India.
Jupiter Wagons: The company received an order worth Rs 956 crore from the Ministry of Railways for the manufacture and supply of 2,237 BOSM Wagons.
Bajel Projects: Sanjay Bhagat has resigned as CEO due to personal reasons.
Seamec: The company's unit has decided to sell its vessel, Seamec Nidhi, to Joyo Shipping for $10.5 million.
Cyient: The company has joined the eSync Alliance, a network of businesses focusing on automotive OTA connectivity.
Redtape: The company incorporated REDTAPE Sports Goods in China.
GPT INFRA: The company received an order worth Rs 135 crore from North Central Railway, Uttar Pradesh.
Exide Industries: The company will invest Rs 70 crore in unit Chloride Metals to finance long-term capital requirements.
Allcargo Gati: The company's total monthly volume for the month of February stood at 104 kilo tonnes, up 15% Yoy.
UPL: The company's unit, UPL Corp., signed a pact with Masarrah Investment for a manufacturing complex in Saudi Arabia.
Vikas Lifecare: The company received a patent for a multi-layered plastic recycling process.
IGL: cuts CNG prices in Delhi by Rs 2.50 per kg to ₹74.09
MahindraLifespaces: targets ₹2,500 crore business in FY25
Adani Enterprises: Co’s Dubai arm acquires 100% stake in France-based Le Marche at €5,000
@daytradertelugu
Vedanta: The company is exploring all possible legal solutions, including the possibility of filing a review petition against the top court's decision that rejected the mining giant's plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu.
Infosys: The IT major has announced the renewal of its digital innovation partnership with the
ATP Tour until 2026, aimed at driving Al-first innovations in professional tennis.
Hindustan Aeronautics: The company has signed an amendment to the LCA IOC contract. The value of the contract has been revised from Rs 2,700.87 crore to Rs 5,077.95 crore.
Mahindra and Mahindra: Promoter Prudential Management and Services has offered to sell up to 93 lakh shares or 0.75% equity, in the company for Rs 1,832 crore.
Bajaj Finserv: The company's unit reported a Rs 1,294 crore general insurance gross direct premium for the month of February and a Rs 1,050 crore life insurance premium for the month of February.
Asian Paints: The company's unit entered into the requisite agreements with Gujarat Chemical Port to set up an ethylene storage and handling facility in Dahej, Gujarat.
Glenmark Pharmaceuticals: The company has started the process of selling 55% of its subsidiary, Glenmark Life Sciences, to Nirma. Glenn Saldanha resigned from the position of Chairman, Non-Executive Director, effective March 6.
Life Insurance Corp.: The insurer has increased its stake in LIC Mutual Fund from 40.93% to 44.61% through private placement.
NLC India: The government will sell up to 9.71 crore shares, including the green shoe option, via an offer for sale at Rs 212 per share.
Subex: The company announced it has secured a deal with a prominent telecom operator in Southeast Asia for deploying its state-of-the-art business assurance and fraud management solutions on Hyper Sense.
OnMobile Global: The company appointed François-Charles Sirois, Executive Chairman, as CEO and Sanjay Baweja resigned from the role of 'Global Chief Executive Officer and Managing Director'.
Kaynes Technology India: The company's unit signed a technology provision agreement with ISO to enable the unit to set up a supply chain for OSAT business in India.
Jupiter Wagons: The company received an order worth Rs 956 crore from the Ministry of Railways for the manufacture and supply of 2,237 BOSM Wagons.
Bajel Projects: Sanjay Bhagat has resigned as CEO due to personal reasons.
Seamec: The company's unit has decided to sell its vessel, Seamec Nidhi, to Joyo Shipping for $10.5 million.
Cyient: The company has joined the eSync Alliance, a network of businesses focusing on automotive OTA connectivity.
Redtape: The company incorporated REDTAPE Sports Goods in China.
GPT INFRA: The company received an order worth Rs 135 crore from North Central Railway, Uttar Pradesh.
Exide Industries: The company will invest Rs 70 crore in unit Chloride Metals to finance long-term capital requirements.
Allcargo Gati: The company's total monthly volume for the month of February stood at 104 kilo tonnes, up 15% Yoy.
UPL: The company's unit, UPL Corp., signed a pact with Masarrah Investment for a manufacturing complex in Saudi Arabia.
Vikas Lifecare: The company received a patent for a multi-layered plastic recycling process.
IGL: cuts CNG prices in Delhi by Rs 2.50 per kg to ₹74.09
MahindraLifespaces: targets ₹2,500 crore business in FY25
Adani Enterprises: Co’s Dubai arm acquires 100% stake in France-based Le Marche at €5,000
@daytradertelugu
