Adani Stocks: Stocks in the news: IndusInd Bank, Adani Enterprises, Dr Reddy’s, Power Grid and IT bluechips
HCL Tech, Wipro, SW Solar:
Wipro, National Standard (India), , NxtDigital, Mangalam Industial Finance and are among the companies that will announce their results for the September quarter of 2022 today.
: India’s largest software exporter has announced a solution that will facilitate its deployments and use of CBDC. The Tata Group company has enhanced its Quartz blockchain solutions platform to enable central and commercial banks to support the entire lifecycle of central bank digital currency (CBDC).
Infosys: The IT services major said its chairman Ravi Kumar S had resigned from his post. The company gave no reason for the move, which comes days before it announces its second-quarter results. In his role as President, Ravi Kumar S led Infosys’ global services organization across all industry segments.
: US hedge fund Route One Fund I sold a 1.54% stake or 1,20,00,000 shares in the private lender at an average price of Rs 1,168.26 totaling Rs 1,401.91 crore through an open market transaction, according to data available with the ESN. Goldman Sachs Investment (Mauritius) I Ltd has acquired over 69 lakh shares in the company.
: The large state-run utility company said it acquired 100% equity of a special purpose vehicle (SPV) to build an interstate transmission project for the eastern and northeastern regions. The SPV was acquired for an aggregate value of around Rs 7.04 crore.
Adani Companies: Adani Data Network, a unit of
, has obtained a unified license for access services, which allows it to provide all telecommunications services in the country, according to two official sources. The Adani Group entered the telecom sector after buying spectrum at the recent auction.
Dr. Reddy’s Laboratories: The drugmaker has announced that the World Economic Forum has recognized its largest manufacturing facility in Bachupally, here, as part of its Global Lighthouse Network.
: Adani Renewable Energy Holding Four, a wholly-owned subsidiary and supporting arm of Adani Group’s green energy companies, has formed two new subsidiaries. These two subsidiaries are Adani Renewable Energy Forty Four and Adani Renewable Energy Forty Eight.
Sobha: The real estate player reported a 13% increase in sales bookings to Rs 1,164.2 crore for the second quarter of this fiscal year thanks to higher price realization. Its sales bookings stood at Rs 1,030.2 crore in the prior year period.
Delta Corp: The casino operator posted 19.5% sequential growth in its consolidated profit to Rs 68.25 crore for the quarter ended September FY23 and revenue during the same period increased by 8% to Rs 270 crore . The business is very resilient and has rebounded much stronger.
: The real estate company has elevated Pavitra Shankar as managing director of the company and Nirupa Shankar as managing director as part of the succession plan. Pavitra Shankar and Nirupa Shankar are the daughters of Mr. Jaishankar.
L&T Finance Holdings: The financial services company has received approval from Sebi for the sale of 100% of the shares of subsidiary L&T Investment Management to HSBC Asset Management (India). With this approval, all necessary steps are taken to ensure the completion of the proposed transaction.
Stainless steel hobbies: The leading multiplex channel will broadcast live all matches played by India in the upcoming ICC T20 Men’s World Cup 2022 in its cinema halls across the country. He has signed an agreement with the International Cricket Council (ICC) in this regard.
IDBI Bank: Large companies were not even allowed to be a minority shareholder in a consortium wishing to bid for a 61% stake in IDBI Bank, as current RBI standards prevent industrial companies from becoming bank promoters. RBI guidelines allow industrial houses to hold a maximum of 10% stake in private sector banks, but cannot be a promoter.
JSW Energy: JSW Group said its subsidiary JSW Neo Energy had received a letter of intent from the government of Himachal Pradesh for the development of the 126 MW Chhatru hydroelectric power station. BOOT refers to Built, Owned, Operated and Transferred.
: The Miniratna Company of the Ministry of Railways (IRFC) and India
(IIFCL) has signed an agreement for the financing of railway infrastructure. The MoU was signed to enhance cooperation in financing railway infrastructure projects with backward and forward linkages with the Indian Railways sector.
Suzlon Energy: The turbine supplier has landed an order for the development of 144.9 MW of wind projects for the Aditya Birla Group. Suzlon will install 69 wind generator units (wind turbines) with one Hybrid Lattice Tubular (HLT) tower and rated capacity of 2.1MW each.
: The pharmaceutical company said it has signed a pact with Tevapharm India to acquire its Goa-based pharmaceutical formulations business. The company has entered into a business transfer agreement with Tevapharm to acquire its business related to the manufacture and supply of bulk pharmaceutical formulations as a going concern.
Marriage.com: The matchmaking service provider has launched an exclusive marriage service – techiematrimony.com – to serve information technology and software professionals. The service helps information, technology and software professionals find a suitable person in the same profession.
: The state chemical player has signed a long-term agreement with the subsidiary of a German firm for the import of 1,05,000 tonnes of muriate of potash (MoP) per year over the next five years. The memorandum of understanding was signed between RCF and K Plus S Middle East FZE DMCC, which is the subsidiary of the German company.
: The IT services company has received an order worth Rs 46 crore for the Andhra Pradesh government land titling project. The project is expected to be completed by the end of FY23.
: The small cap packager said the October 22 board meeting will consider the free share issue proposal. The board of directors will also examine the increase in the authorized share capital of the company.