STOCKS IN ACTION 28 SEPTEMBER
Reliance Industries: Telecom unit Jio gained 39.1 lakh users in July vs. a net addition of 22.7 lakh users in June, as per TRAI data. The market share stands at 38.6%.
Infosys: The company launched Infosys Cobalt Airline Cloud, a first-of-its-kind industry cloud offering designed for commercial airlines to help them accelerate their digital transformation journey.
Bharti Airtel: The telecom major gained 15.2 lakh users in July vs. a net addition of 14.1 lakh users in June, as per TRAI data. The market share stands at 32.74%.
ONGC, Mangalore Refinery and Petrochemicals: ONGC signed a crude oil sales agreement with MPRL under which crude from its Mumbai High fields will be sold to MRPL till March 31, 2024. ONG also signed an MoU with NTPC Green Energy for national and overseas green energy projects.
Coal India: Trade unions have postponed a three-day strike to Oct. 12–14 in the company and its subsidiaries.
JSW Steel: The company acquired the remaining 50% stake in NSL Green Steel Recycling from National Steel Holding. NSL has become a wholly owned subsidiary.
Vedanta: The company will split its units into newly listed entities, reported Bloomberg, citing sources. The demerger will be announced in the coming days. Businesses including aluminium, oil and gas, iron, and steel will be listed as separate, pure-play entities as part of the move.
Tata Power: Subsidiary Tata Power Renewable Energy will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu, for TP Solar's new greenfield 4.3 GW solar cell and module manufacturing facility.
Vodafone Idea: The company lost 13.2 lakh users in July vs. net lost 12.9 lakh users in June, as per TRAI data. The market share stands at 19.9%.
Info Edge: Unit Redstart Labs to invest $5,00,000 in U.S.-based insights-as-a-service platform Skyserve
SJVN: The company commenced the mechanical spinning of Unit-I of the 60 MW hydroelectric project at Mori, Uttarakhand.
Aurobindo Pharma: Unit Auro Vaccines is tied up with Singapore's Hilleman Laboratories to manufacture and sell pentavalent vaccine candidates used in child vaccination. Hilleman will receive royalties upon commercialisation of the vaccine candidate.
NBCC: The company will sell 14.75 lakh sq. ft. of commercial build-up space in the World Trade Centre, New Delhi, for Rs 5,716 crore through e-auction.
Dixon Technologies: The company's unit, Padget Electronics, signed a pact with Xiaomi for manufacturing smartphones and related products at its Noida facility.
KEC International: The company received orders from various GST authorities on Sept. 13 and 16 with claims of about Rs 20.9 crore.
Nazara Technologies: The company received a Rs 2.83 crore tax demand plus interest and penalty from the Director General of GST Intelligence, Mumbai.
UTI Asset Management Co: UTI Mutual Fund will open 29 new financial centres on Sept. 29 across the East, North, South, and West zones.
PNC Infratech: The company has submitted claims to the National Highways Authority of India worth Rs 259 crore for the project of 'Four Laning of km 51 to 61 on the Dholpur-Morena Section of NH-3 on the North-South Corridor in Rajasthan-Madhya Pradesh.
Barbeque Nation Hospitality: The company and its unit, Red Apple Kitchen Consultancy (Toscano), will jointly acquire a 53.3% stake in Blue Planet Foods, which operates under the brand name 'SALT', for Rs 39,844 per share.
KP Energy: The company commissioned the 10.5 MW (Phase-V) ISTS-connected wind power project at the Sidhpur site in Gujarat's Dwarka for Apraava Energy.
HT Media: Approves reappointment of Praveen Someshwar as MD & CEO
L&T:On Buyback Settlement of bids on the Stock Exchanges will take place on September 28, instead of Sep 29.
Info Edge: The aggregate shareholding of the Company through Redstart, post this investment, in Skyserve would be 5.55% on a fully converted & diluted basis.
PFC: transfers its subsidiary Ananthpuram Kurnool Transmission to Power Grid
Reliance Industries: Telecom unit Jio gained 39.1 lakh users in July vs. a net addition of 22.7 lakh users in June, as per TRAI data. The market share stands at 38.6%.
Infosys: The company launched Infosys Cobalt Airline Cloud, a first-of-its-kind industry cloud offering designed for commercial airlines to help them accelerate their digital transformation journey.
Bharti Airtel: The telecom major gained 15.2 lakh users in July vs. a net addition of 14.1 lakh users in June, as per TRAI data. The market share stands at 32.74%.
ONGC, Mangalore Refinery and Petrochemicals: ONGC signed a crude oil sales agreement with MPRL under which crude from its Mumbai High fields will be sold to MRPL till March 31, 2024. ONG also signed an MoU with NTPC Green Energy for national and overseas green energy projects.
Coal India: Trade unions have postponed a three-day strike to Oct. 12–14 in the company and its subsidiaries.
JSW Steel: The company acquired the remaining 50% stake in NSL Green Steel Recycling from National Steel Holding. NSL has become a wholly owned subsidiary.
Vedanta: The company will split its units into newly listed entities, reported Bloomberg, citing sources. The demerger will be announced in the coming days. Businesses including aluminium, oil and gas, iron, and steel will be listed as separate, pure-play entities as part of the move.
Tata Power: Subsidiary Tata Power Renewable Energy will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu, for TP Solar's new greenfield 4.3 GW solar cell and module manufacturing facility.
Vodafone Idea: The company lost 13.2 lakh users in July vs. net lost 12.9 lakh users in June, as per TRAI data. The market share stands at 19.9%.
Info Edge: Unit Redstart Labs to invest $5,00,000 in U.S.-based insights-as-a-service platform Skyserve
SJVN: The company commenced the mechanical spinning of Unit-I of the 60 MW hydroelectric project at Mori, Uttarakhand.
Aurobindo Pharma: Unit Auro Vaccines is tied up with Singapore's Hilleman Laboratories to manufacture and sell pentavalent vaccine candidates used in child vaccination. Hilleman will receive royalties upon commercialisation of the vaccine candidate.
NBCC: The company will sell 14.75 lakh sq. ft. of commercial build-up space in the World Trade Centre, New Delhi, for Rs 5,716 crore through e-auction.
Dixon Technologies: The company's unit, Padget Electronics, signed a pact with Xiaomi for manufacturing smartphones and related products at its Noida facility.
KEC International: The company received orders from various GST authorities on Sept. 13 and 16 with claims of about Rs 20.9 crore.
Nazara Technologies: The company received a Rs 2.83 crore tax demand plus interest and penalty from the Director General of GST Intelligence, Mumbai.
UTI Asset Management Co: UTI Mutual Fund will open 29 new financial centres on Sept. 29 across the East, North, South, and West zones.
PNC Infratech: The company has submitted claims to the National Highways Authority of India worth Rs 259 crore for the project of 'Four Laning of km 51 to 61 on the Dholpur-Morena Section of NH-3 on the North-South Corridor in Rajasthan-Madhya Pradesh.
Barbeque Nation Hospitality: The company and its unit, Red Apple Kitchen Consultancy (Toscano), will jointly acquire a 53.3% stake in Blue Planet Foods, which operates under the brand name 'SALT', for Rs 39,844 per share.
KP Energy: The company commissioned the 10.5 MW (Phase-V) ISTS-connected wind power project at the Sidhpur site in Gujarat's Dwarka for Apraava Energy.
HT Media: Approves reappointment of Praveen Someshwar as MD & CEO
L&T:On Buyback Settlement of bids on the Stock Exchanges will take place on September 28, instead of Sep 29.
Info Edge: The aggregate shareholding of the Company through Redstart, post this investment, in Skyserve would be 5.55% on a fully converted & diluted basis.
PFC: transfers its subsidiary Ananthpuram Kurnool Transmission to Power Grid
