Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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August 19, 2024

• India Daybook – Stocks in News
• Caplin Point Labs: Injectibles plant in TN receives 0 observations from Brazil's ANVISA (Positive)
• DCX Systems: Receives Rs 107 cr order from Domestic & Overseas Customers (Positive)
• Oil upstream stocks: Windfall Tax on crude cut to ₹2,100 from ₹4,600/tonne w.e.f. August 17 (Positive)
• TMB: RBI approves appointment of Salee Sukumaran Nair as MD & CEO of Tamilnad Mercantile Bank for 3 years. (Positive)
• Tejas Networks: Arm receives Rs 96cr order for satellite equipment from NewSpace India (CPSE) (Positive)
• Yes Bank: Sumit Bali to join Yes Bank as Country Head, Retail Assets & Collection. (Positive)
• KPI Green Energy: Morgan Stanley took allocation at 935/- (Positive)
• Escorts Kubota: Company investment intent submitted to Uttar Pradesh government to acquire land, Company land intended to set up integrated Greenfield manufacturing facility. (Positive)
• Great Eastern Shipping: Company took delivery of a 2013 built medium range product tanker, Company had contracted to buy vessel in Q1FY25. (Positive)
• ACE: Company has been awarded with order for supply of 285 numbers for special forklifts and 6 numbers of rough terrain cranes with 30 tonne lifting capacity from ministry of defense. (Positive)
• Vivanta Industries: Company got order worth Rs 260 Million for procurement of medicines, machines & technology (Positive)
• Techno Electric: Company partners with IndiGrid for developing Greenfield transmission projects (Positive)
• TVS Motor: CEO says to expand electric 2W sales in both developing, developed markets (Positive)
• Jubilant Pharmova: Company’s unit, Jubilant Biosys to add drug discovery & preclinical development capabilities. (Positive)
• Samvardhana Motherson: Company has incorporated unit Motherson international ltd, Abu Dhabi, unit being acquired belongs manufacturing, assembling and related activities (Positive)
• TCNS Clothings: NCLT approved merger of TCNS Clothing into ABFRL (Positive)
• Urja global: Company announces pre-launch of high-speed electric scooter "Chetna" with homologation certificate and RTO registration (Positive)
• Bata: MD & CEO says consumption to revive in coming quarters, e-commerce to drive growth (Positive)
• GMR Airports: July Passenger Traffic Up 7.7% YoY At 1.06 Cr (Positive)
• Piramal Enterprises: Company's promoter group acquires 0.27% stake in company. (Positive)
• KPI Green: Morgan Stanley, BoFa Securities participate in QIP (Positive)
• *Five Star Business:*Promoters and KMP to participate in Rs 32cr via pref issue (Positive)
• Kalpataru: JV received two arbitration awards in its favour against National Highways Authority of India (Positive)
• Soan Coms: Received certification for another Product i.e. Hub Wheel Motor for electric two wheelers under the Production-Linked Incentive (“PLI”) Scheme (Positive)
• Brigade: Company and Accor Launch ibis Styles Mysuru, their fourth hotel. (Positive)
• Mphasis: Appoints Aravind Viswanathan as the CFO of the company with immediate effect (Neutral)
• Fedbank Fin: Board Meeting to be held on 22-Aug-2024 to consider Fund raising. (Neutral)
• Hindustan Zinc: Promoter Vedanta to exercise oversubscription option in offer for sale (Neutral)
• L&T Finance: Transitions to NBFC-ICC following subsidiary merger (Neutral)
• SBI/PNB: Karnataka govt puts circular prohibiting all dealings with SBI, PNB on hold for 15 days (Neutral)
• BSE: Company to pay differential regulatory fee directed by SEBI of Rs 1.67 Billion vs provision of Rs. 1.7 Billion. (Neutral)
• Saurashtra cement: Company stoppage of kiln at Sidheegram plant would continue for another 10 days; stoppage of KILN on account of high clinker inventory. (Neutral)
• SBI Life: Company in pact with Paralympic Committee of India as Gold Sponsor for Paris 2024 Paralympic Games (Neutral)
• SBI: Bank hikes marginal cost of funds-based lending rate by 10 basis points (Neutral)
• Kolte Patil: CFO Khiroda Jena resigns (Neutral)
• REC: Company incorporates new subsidiary for Rajasthan Power Transmission Project (Neutral)
• HDFC Life: Company gets tax demand worth Rs 112 crore including interest & penalty from Chandigarh Tax Authority. (Neutral)
• Allsec Technologies: Gaurav Mehra resigns from the post of CFO and key managerial person of Allsec Technologies (Neutral)
• Mahindra & Mahindra: Company unveils five-door Thar at a starting price of Rs 12.99 lakh. (Neutral)
• MTNL: Company approves service pact with BSNL for 10 years. (Neutral)
• GHCL: Annual maintenance activities of Boiler at Company's Soda Ash plant is scheduled to take place from September 16, 2024 for a period of two weeks. (Neutral)
• BSE: To pay the differential regulatory fee as directed by the SEBI, payment would lead to a total outflow of approx. ₹ 167.33cr (Neutral)
• Vodafone: Company in November announce strategic partnership with Accenture to commercialize Vodafone’s Shared Operations. (Neutral)
• Polyplex Corp: Board approves re-appointment of Pranay Kothari as whole-time director for 3 years (Neutral)
• SpiceJet: Company is currently raising Rs 3,000 crore via qualified institutional placement. (Neutral)
• Uno Minda: Company appoints Ramesh KS as CEO for ECS-2 Domain w.e.f. August 17, 2024. (Neutral)
• Electronic Marts: Promoters sell Rs 689cr stake (7.8% stake)-Buyers Norway's Govt Pension Fund Global+ SBI MF (Neutral)
• BPCL Chairman: Plans to invest `1.7 lk cr over next 5 yrs to expand core biz, new energy foray (Neutral)
• Sportking: Fixes Sept. 13 as record date for share split (1:10) (Neutral)
• Steel companies: Steel prices in India have fallen to a three-year low (Neutral)
• Maruti: Q2 PAT to be impacted by Rs 850cr due to removal of indexation benefit on debt funds (Negative)
• News Headlines from Business News Agencies:
• Business Standard
• Govt invites bids to empanel AI infra providers under Rs 10,372cr mission
• Aim for carbon neutrality in scope 1, 2 emissions by FY32: ICICI Bank
• Sebi proposes expansion of sustainable fin framework in securities market
• Fssai launches project to check microplastic contamination in food
• Luxury car sales soar in India: Lamborghini, Ferrari set new records
• National Insurance Company aims for Rs 100-200 cr profit in FY25
• Consult board on law interpretation while auditing: CBIC to GST officials
• Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
• Sebi proposes to introduce liquidity window facility for bond investors
• Unilateral environment measures like carbon tax hamper global trade: Govt
• Technopark's software export revenue up 14% at Rs 13,255 cr in FY24
• ASDMA signs MoU with GSI for early warning system for landslides in Assam
• Economic Times
• National Insurance aims to be back in black in FY'25 with Rs 100-200 cr profit
• Government invites bids to empanel AI infra providers under Rs 10,372-cr India AI mission
• India is growing 'very well,' but it still needs a strong jobs push, IMF's Gita Gopinath says
• Rajasthan Govt receives investment proposals of Rs 5.21 lakh cr ahead of summit
• India to start a fund of $2.5 million for trade promotional activities: PM Modi
• FPIs remain net sellers at Rs 21,201 crore in first fortnight of August
• Foxconn meets Karnataka govt for potential investment talks while it builds large iPhone assembly plant
• Google to continue selling original Pixel Fold
• Escorts Kubota eyes land in UP for Rs 4500 cr manufacturing facility after pivot from Rajasthan
• Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal
• Zomato bans AI-generated food images after surge in complaints from customers
• Mint
• Foxconn business in India crosses $10 billion; invests $1.4 billion till date
• India imports $2.8bn crude oil from Russia in July, almost 40% of oil purchases
• Securing energy future: India eyes new strategic crude oil reserve in Mangalore
• Karnataka pauses circular prohibiting 15-day hold on SBI, PNB transactions
• US court orders Sterlite Tech to pay Ra 810 crore to Prysmian: Report
• Bankrupt Steward Health Gets Approval for Managed-Care Unit Sale
• Starbucks sued for stealing Balmuccino's coffee-flavoured lipstick concept
• Bankrupt Steward Health Care sells physician network as Massachusetts hospital seized
• Windfall tax on petroleum crude slashed to ₹2,100 from ₹4,600/tonne
• Warburg Pincus to acquire majority stake in furniture firm Ebco
• SpiceJet challenges court order to ground leased engines
• ICMR conducting serosurvey to assess mpox risk in India
• Goldman Hedge Funds Head Says Stick to Quality as Risks Ease
• ICICI Securities has turned bearish
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