STOCKS IN ACTION 27 SEPTEMBER
Infosys: The IT major has partnered with Microsoft for a generative AI solution. Infosys Topaz will use Microsoft's Azure OpenAI Service and Azure Cognitive Services to augment AI capabilities.
IndusInd Bank: The lender announced a multi-year global partnership with the International Cricket Council to provide a premium experience to customers, employees, and cricket fans. The bank will have access to a suite of branding and content assets.
Vedanta: Moody's downgraded Vedanta Resources' corporate family rating to Caa2 and maintained a negative outlook.
REC, Punjab National Bank: The two inked an agreement to co-finance projects in power, infrastructure, and logistics worth Rs 55,000 crore.
Container Corp: The company has appointed Sanjay Swarup as chairman and MD from Oct. 1, 2023, to July 31, 2026.
Suzlon Energy: Investor group Dilip Shanghvi and Associates terminated the 2020 shareholder pact. The investor group's nominee director on Suzlon's board, Hiten Timbadia, has also resigned with effect from Sept. 26.
Century Textiles: Unit Birla Estates sold out phase 1 of Birla Trimaya in Bengaluru within 36 hours of its launch. With 556 units booked, accounting for Rs 500 crore in booking value, the company said it has solidified its position as a leader in the luxury residential real estate market of Bengaluru.
DCM Shriram: Unit Fenesta underwent a significant capacity expansion of uPVC extrusion at Kota, which will increase the annual production capacity of Fenesta uPVC profiles from 8,600 metric tonnes to 12,284 metric tonnes.
Shree Renuka Sugars: The company will acquire Anamika Sugar Mills for Rs 235.5 crore to establish a presence in Uttar Pradesh and cater to the markets of North and East India.
Shyam Metalics And Energy: The company has entered the energy storage sector with battery-grade aluminium foil, a critical component in lithium-ion cells. The customised battery aluminium foil has been tested and validated by third-party laboratories.
Prataap Snacks: The GST Authority conducted search and seizure operations at the company's Bengaluru manufacturing unit.
NDTV: The broadcaster has received the government's nod for three news and current affairs HD channels: NDTV 24x7 HD, NDTV India HD, and NDTV Profit HD.
Rajnandini Metal: The company has received orders worth Rs 206.91 crore from 12 clients.
3i Infotech: The company received a Rs 39.55 crore contract from Ujjivan Small Finance Bank for end-user support services (workplace services). The contract is for a period of five years.
SpiceJet: says successfully completed the Risk-based Approach Audit conducted by IATA
SpiceJet has been certified by IATA Operational Safety Audit (IOSA)
Aditya Birla Capital: says it made an investment of Rs.750 cr in Aditya Birla Finance on rights basis
@daytradertelugu
Infosys: The IT major has partnered with Microsoft for a generative AI solution. Infosys Topaz will use Microsoft's Azure OpenAI Service and Azure Cognitive Services to augment AI capabilities.
IndusInd Bank: The lender announced a multi-year global partnership with the International Cricket Council to provide a premium experience to customers, employees, and cricket fans. The bank will have access to a suite of branding and content assets.
Vedanta: Moody's downgraded Vedanta Resources' corporate family rating to Caa2 and maintained a negative outlook.
REC, Punjab National Bank: The two inked an agreement to co-finance projects in power, infrastructure, and logistics worth Rs 55,000 crore.
Container Corp: The company has appointed Sanjay Swarup as chairman and MD from Oct. 1, 2023, to July 31, 2026.
Suzlon Energy: Investor group Dilip Shanghvi and Associates terminated the 2020 shareholder pact. The investor group's nominee director on Suzlon's board, Hiten Timbadia, has also resigned with effect from Sept. 26.
Century Textiles: Unit Birla Estates sold out phase 1 of Birla Trimaya in Bengaluru within 36 hours of its launch. With 556 units booked, accounting for Rs 500 crore in booking value, the company said it has solidified its position as a leader in the luxury residential real estate market of Bengaluru.
DCM Shriram: Unit Fenesta underwent a significant capacity expansion of uPVC extrusion at Kota, which will increase the annual production capacity of Fenesta uPVC profiles from 8,600 metric tonnes to 12,284 metric tonnes.
Shree Renuka Sugars: The company will acquire Anamika Sugar Mills for Rs 235.5 crore to establish a presence in Uttar Pradesh and cater to the markets of North and East India.
Shyam Metalics And Energy: The company has entered the energy storage sector with battery-grade aluminium foil, a critical component in lithium-ion cells. The customised battery aluminium foil has been tested and validated by third-party laboratories.
Prataap Snacks: The GST Authority conducted search and seizure operations at the company's Bengaluru manufacturing unit.
NDTV: The broadcaster has received the government's nod for three news and current affairs HD channels: NDTV 24x7 HD, NDTV India HD, and NDTV Profit HD.
Rajnandini Metal: The company has received orders worth Rs 206.91 crore from 12 clients.
3i Infotech: The company received a Rs 39.55 crore contract from Ujjivan Small Finance Bank for end-user support services (workplace services). The contract is for a period of five years.
SpiceJet: says successfully completed the Risk-based Approach Audit conducted by IATA
SpiceJet has been certified by IATA Operational Safety Audit (IOSA)
Aditya Birla Capital: says it made an investment of Rs.750 cr in Aditya Birla Finance on rights basis
@daytradertelugu
