24, September, 2025
# Sign In
  1. Home
  2. Market Highlights

Market Highlights

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

September 30, 2024

  • India Daybook – Stocks in News
  • Welspun Enterprises: Company emerges as L1 bidder for a Brihanmumbai Municipal Corporation contract worth ₹1,989.9 cr (Positive)
  • Elgi Rubber: Company approved to sell certain immovable properties of Company, Company approved sale of non-current investments of co in open market. (Positive)
  • Kansai Nerolac: Company has opened a new sales depot in Salem, Tamil Nadu, increasing its total network to 114 depots across India. (Positive)
  • Everest Kanto: Company received upgraded ratings from CARE Ratings. Long-term bank facilities retained CARE BBB+; outlook revised from stable to positive. (Positive)
  • LTI Mindtree: Company strengthens partnership with Curry’s, a leading UK retailer of technology products and services, by enabling transformation of its Omni-channel retail customer experiences leveraging salesforce service cloud, commerce cloud and Mulesoft. (Positive)
  • Mangalore Chemicals: Company’s Ammonia and Urea plants have now resumed the production (Positive)
  • Zydus life: Company receives final approval from USFDA for Enzalutamide Capsules, 40 mg. (Positive)
  • IDFC: IDFC First Board Approves amalgamation of IDFC FHCL with IDFC Limited w.e.f Sep 30 and approves amalgamation of IDFC Limited with IDFC FIRST Bank w.e.f Oct 1. (Positive)
  • P N Gadgil Jewellers: Company received upgraded ratings from CRISIL Ratings from A-/Stable to A/Stable. (Positive)
  • BEL: Ministry Of Corporate Affairs approves incorporation of JV company ‘BEL IAI AeroSystems’ with Israel Aerospace Industries. (Positive)
  • Adani Energy: Company signs business transfer agreement with arm North Maharashtra Power Limited to carve out Adani Dahanu Thermal Power Station. (Positive)
  • Saksoft Ltd: Company has executed a Share Purchase Agreement to acquire 100% equity interest in Ceptes Software Private Limited (Positive)
  • Avantel: Company wins order worth Rs 444.9 million from Larsen & Toubro for supply of Satcom systems (Positive)
  • RailTel: Company receives work order of Rs 134.5 cr from Adani Connex Private Limited (Positive)
  • Thermax: Company plans to start manufacturing of solid oxide electrolysers in India in next two years. (Positive)
  • Alembic Pharma: Company gets U.S. FDA establishment inspection report for Panelav facility. (Positive)
  • Gensol Engineering: Company announces its promoter and MD Anmol Jaggi has hiked its stake in the company through open market acquisition. (Positive)
  • Hindustan Adhesives: Commenced commercial production of company's new unit situated at Mauza Majukshetra, West Bengal. (Positive)
  • Bajel Projects: Company Secures First Data Center Order from an upcoming private service provider (Positive)
  • Rossari: Company have approved to purchase a plot of land allotted by GIDC adjoining to the existing Dahej Facility of the Company (Positive)
  • KRBL/LT Foods: Govt allows white rice export with $490/ ton MEP. (Positive)
  • Spice Jet: Singularity Holdings bought 65 lakh shares at Rs 61.61/sh (Positive)
  • Reliance Infrastructure: Calcutta High Court rules in favor, upholding the ₹780 crore arbitration award against Damodar Valley Corporation (DVC). (Positive)
  • Mining Stocks: Iron ore surges almost 8% as Chinese cities ease home curbs. (Positive)
  • Dalmia Bharat: High Court of Calcutta dismissed the review petition filed against Dalmia Bharat (Positive)
  • LIC: Company has reduced its shareholding in Mahanagar Gas Ltd. from 9.030% to 6.939%. (Neutral)
  • Tata Motors: Company conducts groundbreaking ceremony of its new vehicle manufacturing facility in Tamil Nadu. (Neutral)
  • Lupin: US FDA issues 3 observations to co’s Pithampur facility. (Neutral)
  • PNB: Bank raises ₹5,000 crore via QIP to strengthen capital base (Neutral)
  • Dr. Reddy’s: Company completes investment $640 m in Switzerland Unit. (Neutral)
  • Zomato: Akriti Chopra resigns as Co-Founder & Chief People Officer of the company w.e.f. September 27, 2024. (Neutral)
  • Adani Enterprises: Arm’s JV unit April Moon retail buys 74% stake in Cococart ventures for ₹200 cr. (Neutral)
  • Pidilite Industries: Company unit Pidilite ventures invests Rs 50 million in Wify, a leading home improvement and maintenance platform. (Neutral)
  • D B Realty Limited: Company announces the appointment of Mr. Rajeev RA as an Independent Director effective September 27, 2024. (Neutral)
  • Capacite Infraprojects: Company has appointed Mr. RK Jain as Director- Operation & CEO, effective October 1, 2024. (Neutral)
  • Gandhar Oil: USFDA inspected manufacturing facility located at taloja, Company received 2 observations in form 483. (Neutral)
  • ICICI Lombard: Company gets income tax demand of Rs 1,388 crore for April 2021 to March 2022 period (Neutral)
  • ICICI Prudential Life: Company receives income tax order worth Rs 361 crore, including interest from authorities in Mumbai. (Neutral)
  • IndusInd Bank: Company approves the reappointment of Sumant Kathpalia as MD and CEO. (Neutral)
  • OLA: Bhavish Aggarwal announces Ola Electric’s Hyper Service for customers amid mounting after-sales and services complaints. (Neutral)
  • SpiceJet: Company plans to expand its fleet from 25 to 100 aircraft by the end of 2026, says CMD Ajay Singh. (Neutral)
  • Biocon: US FDA issues 4 observations to co’s Bengaluru facility (Neutral)
  • Bharat Agri: Company reports completion of Plinth work for Majiwada Project (Neutral)
  • Eicher Motors: Company to recall a batch of Royal Enfield (Neutral)
  • Craftsman: Company has invested EUR 13,500,000 in German Holdco towards subscription of equity shares of the German Holdco (Neutral)
  • Reliance -Disney merger: I&B Ministry's nod to RIL for transfer of channels (Neutral)
  • MORNING CUPPA - HDFC Securities
  • Equity
  • Nifty closed @26,178.95 (-37.10) and Sensex @85,571.85 (-264.27) on Friday GIFT Nifty was trading at @26,304.50 (as of 7:30 am)
  • FIIs net sold equities in cash to the tune of Rs 1,209 cr whereas DIIs bought equities in cash worth R.6 887 cr on September 27, 2024
  • Reliance's Viacom 18 Disney merger Govt approves transfer of licence to Star India
  • Apollo Hospitals sells 16.9% stake in subsidiary Apollo Healthco for Rs.2,475 crore to Rasmeli
  • Govt plans to monetise port land at major ports
  • Reliance Infra wins Rs 780 cr arbitration case against Damodar Valley Corp
  • Tiger Global is doing due diligence at Zepto’s dark stores as it eyes quick commerce
  • Voda Idea seals Rs 13500 cr equipment deal with Nokia
  • Tatas to set up defence factory abroad to make armoured vehicles for Africa
  • SJVN inks two agreements worth Rs. 48,000 crore with Maharashtra government Stock up over 4
  • Housing prices in Bengaluru, Delhi NCR jump 29% in July Sep Anarock
  • PTC Industries gains over 2% on securing order to supply titanium castings for M 777 Howitzer
  • Bharat Electronics secures MCA approval for joint venture with Israel Aerospace Industries
  • Adani New Industries, an arm of Adani Enterprises to make solar parts at Mundra
  • L&T eyes upto Rs 40000 cr in pre sales from realty business
  • Prosus may realize $500 million by selling 5% in Swiggy IPO
  • KEC International raises Rs.870 crore via QIP Shares down 1%
  • PNB raises Rs.5000 crore via QIP to strengthen capital base
  • LIC cuts stake in Mahanagar Gas by 2.09% lowers holding to 6.94%
  • Candytoy partners with Reliance Retail to supply confectionery toys to 1400 outlets
  • Indian ADRs: Infosys (-2.5%), HDFC Bank (-2.2%) and ICICI Bank (-2.2%) on Friday
  • Debt:
  • 10 yr G sec yield rose by 4 bps to 6.76% on Friday
  • RBI accepted entire notified amount of Rs 34,000 cr in weekly G sec auction
  • As per Chief Economic Advisor, Indian economy is likely to grow at 6.5 - 7 in FY25
  • As per UBS, RBI is expected to start interest rate cut cycle from Dec’ 24
  • As per Commerce and Industry Minister, actual investment under PLI scheme was Rs 1.46 lakh cr till Aug’ 24 and is expected to increase to Rs 2 lakh cr in coming years
  • Commodities
  • Brent crude was up by 0.53% to $71.9 /barrel on Friday but fell on the week as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China
  • Gold futures settled lower but were positioned for weekly gains on growing anticipation of another bumper U S interest rate cut this year, as markets awaited a key inflation report for additional guidance Spot gold was down by 0.46% to $2657.97/oz on Friday
  • India has removed most of the export curbs it imposed on rice shipments in 2023 with immediate effect, as above average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries
  • India's iron ore production rose by 7.4% to 116 mn MT in April through August this year, compared with 108 mn MT during the same period last year, the government said on Saturday
  • Currency:
  • Rupee depreciated by 6 paise and settled at 83.70 against the US dollar on Friday, due to outflow of FIIs in Indian equity market
  • India's forex reserves jumped by $2.8 bn during the week ended Sept 20 to all time high of $692.3 bn from $689.4 bn reported prior week
  • US Dollar Index (DXY) decreased by 0.18% to end at 100.42 on Friday, as Consumer sentiment has rebounded, indicating brighter economic expectations
  • USD/AUD fell by 0.10% to end at 1.448 on Friday, as Hawkish RBA stance and soft US inflation maintain upside for the pair
  • GBP/USD fell by 0.31% to 1.337 on Friday, as The BoE is expected to cut interest rates once in the last quarter of the year
  • International Markets
  • U S markets were a mixed bag on Friday with the Dow Jones up by 0.33% while the S&P 500 and Nasdaq were down by 0.13% and 0.39% respectively All 3 major futures indices are trading down by 2-9 bps at the time of writing the report
  • U S PCE price index increased by 0.1% MoM in Aug 24 vs 0.2% in Jul 24 and was below expectations of a 0.2% increase On a YoY basis PCE price index increased by 2.2% in Aug 24 vs 2.5% YoY in Jul 24
  • U S core PCE price index increased by 0.1% MoM in Aug 24 vs 0.2% in Jul 24 and was in line with expectations of a 0.2% increase On a YoY basis the Core PCE price index was up by 2.7% in August vs 2.6% in Jul 24
  • Japanese industrial production declined by 3.3% MoM in Aug 24 vs an increase of 3.1% MoM in Jul 24 and was well below expectations of a 0.5% MoM decline
  • Asian Energy Services Limited secures Rs. 82 crores contract from Oil India for 2D Seismic Data in Rajasthan Basin.
  • Reforms - AI Infra - Push for Low Quality compute
  • The Ministry of Electronics and Information Technology (MeitY) has tweaked tender norms for its ₹10,000-crore Artificial Intelligence (AI) mission.
  • The changes aim to allow the use of low-cost graphic processing units (GPUs), addressing concerns from industry consultations and startups.
  • Earlier tender norms would have restricted bidders to expensive high-end GPUs, such as Nvidia's A100, H100, and Blackwell B200, used for large AI model training.
  • The updated norms relax parameters for computational performance, memory workloads, and power consumption, making low-cost GPUs eligible.
  • A MeitY official stated that only four or five of the 12 available GPUs previously met eligibility criteria, copied from companyupdate telegram channel but now more commonly used GPUs will be included.
  • MeitY has earmarked ₹5,000 crore to create AI compute infrastructure under this mission.
  • The government will provide funding and subsidies for startups for up to 50% of compute costs.
  • The tender focuses on procuring 1,000 low-cost GPUs, with participation expected from data centers, cloud services, or related partners.
  • Bidders must have at least 1,000 AI compute units available within six months of tender signing, and comply with strict commitments to deliver anticipated GPUs.
  • PERSISTENT SYSTEMS:
  • Persistent Advances Data Privacy and AI- Driven Business Transformation with the Acquisition of Arrka
  • STOCK IN ACTION
  • ◆ BSE: The company revised Sensex option trade fee to Rs 3,250 per crore of premium turnover value and Bankex option trade fee to Rs 3,250 per crore of premium turnover. The changes will be effective from Oct. 1.
  • ◆ PNB: The company raised Rs 5,000 crore through a QIP, having initially aimed for Rs 7,000 crore. The bank allotted 48.2 crore shares at a price of Rs 103.75 each, with key investors including Citi Group, Bank of America Securities, SBI Contra Fund, Morgan Stanley, and Goldman Sachs.
  • ◆ Apollo Hospitals Enterprise: The company stake in its unit Apollo HealthCo had been diluted as an affiliate of private equity major Advent International has picked up a stake in the company. The company's shareholding in AHL has diluted from 94.9% to approximately 78.8%.
  • ◆ Indusind Bank: The board has reappointed Sumant Kathpalia as the managing director and the chief executive officer for three more years, subject to the RBI approval.
  • ◆ NHPC: The company signed a joint venture agreement with Andhra Pradesh Power Generation Corp. for incorporation of a JV company for implementation of pumped storage hydro power projects and renewable energy projects in Andhra Pradesh.
  • ◆ Zomato: Akriti Chopra, co-founder and chief people officer designated as senior management personnel has resigned effective Sept. 27.
  • ◆ IDFC First Bank: The company's merger with IDFC Financial, IDFC to be effective from Oct. 1. The record date for determining eligible shareholders is set as Oct. 10.
  • ◆ Welspun Enterprises: The company has been declared L1 bidder by Brihanmumbai Municipal Corp. for the Mumbai water Tunnel project worth Rs 1,990 crore.
  • ◆ Yes Bank: The bank received Rs 84 crore from a trust in the Security Receipts Portfolio, related to sale of NPA Portfolio to JC Flower ARC.
  • ◆ Mangalore Chemicals & Fertilizers: The company has resumed its production at ammonia and urea plants.
  • ◆ LTIMindtree: The company strengthens a pact with UK retailer Currys for retail IT solutions.
  • ◆ Bharat Electronics: The government approved a 40-60 JV with Israel Aerospace Industries for product support for medium-range surface to air missile systems used in India.
  • ◆ Adani Green Energy: The company is in a business transfer agreement with unit North Maharashtra Power for carving out Dahanu station.
  • ◆ Adani Enterprises: The company's unit April Moon will acquire a 74% stake in Cococart Ventures for Rs 200 crore.
  • ◆ Escorts Kubota: The Punjab and Haryana High Court has dismissed an appeal by the excise department regarding a Rs 46.9-crore tax demand.
  • ◆ Rallis India: The company has relieved S. Nagarajan from his position as chief operating officer, effective Oct. 20. He will take over as the chief executive officer of Tata Chemicals at Magadi
  • ◆ ICICI Prudential Life Insurance Co.: The company has received an income tax demand notice worth Rs 361 crore, including interest.
  • ◆ Alembic Pharmaceuticals: The company has received the US FDA establishment inspection report for the Panelav facility, which was inspected by the US FDA from July 17 to July 26.
  • ◆ Spandana Sphoorty Financial: The board will consider fundraising on Oct. 3.
  • ◆ ICICI Lombard General Insurance Co: The company has received an income tax demand of Rs 1,388 crore for April 2021 to March 2022 period.
  • ◆ DR Reddy's Laboratories: The company has finalized a $620 million investment in its Switzerland unit.
  • ◆Zydus Life: The drugmaker received US FDA approval for Enzalutamide capsules used for treatment of metastatic castration-resistant prostate cancer.
  • ◆ Biocon: The US FDA inspection at Bengaluru API facility from Sept. 23-27 ended with four observations.
  • Stocks in News post Market closure
  • Uno Minda Limited :Minda Onkyo India Private Limited, Subsidiary of the Company has entered into a Technical License Agreement (TLA) with Hyundai Mobis Co. Ltd. Korea on September 25, 2024 for manufacturing of Licensed products i.e. Speakers.
  • Cipla Limited : Cipla (EU) Limited, wholly owned subsidiary of the Company in UK, has entered into a definitive agreement on 25th September 2024 for purchase of entire 6.9124% equity interest of Jiangsu Xidi Pharmaceuticals Co., Ltd. held in Cipla Pharmaceuticals Co., Ltd., China , subsidiary. Upon completion of the transaction, Cipla Jiangsu will become a wholly owned step-down subsidiary of the Company.
  • Infosys Limited : Company announced a strategic collaboration with Polestar the Swedish electric performance car brand. This engagement aims to create a base for Polestar’s development of in-car infotainment, Software and Electrical / Electronics (SW&EE) engineering, user experience (UX), and cloud-powered digital services. Infosys will also leverage in-tech, its latest acquisition in the R&D space, to complement the engagement.
  • ZEN TECHNOLOGIES LTD : Zen Technologies Launches Groundbreaking Remote-Controlled Weapon and Surveillance Systems to Strengthen India’s Defense Capabilities.
  • Jaykay Enterprises Limited : Disbursement of loan on September 24, 2024, amounting to INR 14,05,00,000/- by Julius Baer Capital (India) Private Limited to JK Defence & Aerospace Limited, a wholly owned subsidiary of the Company in terms of Loan Agreement executed earlier.
  • CRESSANDA RAILWAY SOLUTIONS LIMITED : Board has approved the conversion of 70,45,058 Partly Paid-Up Equity Shares on receipt of First and Final call money aggregating to Rs. 7,04,50,580/- .
  • Shalimar Productions Ltd : The launch of the NJOYMAX OTT platform, on the 17th November, 2024. After years of meticulous planning, content curation, and technical development, NJOYMAX is set to bring a fresh and exciting entertainment experience to audiences across the country.
  • UMIYA TUBES LIMITED : Board meeting to be held on 30th sep 2024, to raising of funds.
  • BANK OF BARODA : Company Sydney, Australia Branch has concluded borrowing of AUD 200 Mn through Syndicated Term Loan Facility for tenure of 3 years.
  • Sellwin Traders Limited : Board Approved Sub-division of 1 Equity share of face value of Rs.10/- each fully paid-up to 5 Equity shares of the face value of Rs.2/- each fully paid-up. & The Board has approved the issue of Bonus shares out of Free Reserves and Security Premium Account to the existing equity shareholders at the ratio 01:08 new fully paid-up Equity Share of Rs.2/- each for every 8 existing fully paid-up Equity Share of Rs.2/- each.
  • TVS Holdings Limited : Receipt of approval of the Competition Commission of India (“CCI”) for the proposed acquisition of 80.74% of the issued, subscribed and paid-up share capital of Home Credit India Finance Private Limited.
  • IDFC FIRST Bank Limited : Final Order passed by the Hon’ble National Company Law Tribunal (“NCLT”), Chennai Bench, Chennai for sanctioning the composite scheme of amalgamation for the amalgamation of: (i) IDFC Financial Holding Company Limited (“IDFC FHCL”) into and with IDFC Limited, and (ii) IDFC Limited into and with IDFC FIRST Bank Limited .
  • Bharat Forge Limited : The Company has issued Corporate Guarantees on behalf of Bharat Forge Aluminum USA, Inc., a step-down wholly-owned subsidiary of the Company.
  • Baazar Style Retail Limited : The Company has opened a new store of Style Baazar at Hatibagan, West Bengal .
  • Shraddha Prime Projects Limited : The receipt of Commencement Certificate (CC) from Maharashtra Housing and Area Development Authority (MHADA) for its project “Shraddha Pratham” in eastern suburbs – Borivali West.
  • JBM Auto Limited : JBM Ecolife Mobility Private Limited a JV/subsidiary of the Company, has incorporated a wholly owned Subsidiary Company in the name of “Ecolife Mobility Odisha Private Limited” . Further, the EMOPL has received the Certificate of Incorporation from Ministry of Corporate Affairs.
  • Evans Electric Limited : Company has received a material order of Rs.10.75 Crore from Mahagenco Ghatghar for “Work of Complete Re-insulation of Unit 2 stator and repair of stator core stampings at Ghatghar Hydro Power Station.
  • Coromandel International Limited : Coromandel International Increases Shareholding in Senegal-based Rock Phosphate Mining Company BMCC Coromandel will acquire additional 8.82% stake in BMCC, taking its overall shareholding to 53.8% .
  • ONGC ltd : Informing that Govt. of India, conveyed infusion of additional equity capital upto ₹10,501 crore in ONGC Petro additions Limited (OPaL), conversion of back stopped Compulsorily Convertible Debentures (CCDs) amounting to ₹7,778 crore and balance payment of ₹86 crore with respect to share warrants, totalling to ₹18,365 crore.
  • Saksoft Limited : The Company has executed a Share Purchase Agreement to acquire 100% equity interest in Ceptes Software Private Limited subject to the terms and conditions set out in the Agreement. Ceptes will become a wholly owned subsidiary of the Company on closure of the transaction.
  • Life Insurance Corporation of India : The Corporation has decreased its shareholding in equity shares of Mahanagar Gas Ltd. from 89,19,236 to 68,54,264 i.e., 9.030% to 6.939% of the paid-up capital of the said Company.
  • Rane Holdings Limited : Earlier intimation dated July 01,2024, relating to the execution of definitive agreement with NSK Ltd,, Japan and Rane NSK Steering Systems Private Limited (RNSS)for settlement of various claims including warranty.
  • KANSAI NEROLAC PAINTS LIMITED : The Company has now opened a sales depot at Salem, Tamil Nadu. the Company has 114 sales depots across the country.
  • Bharat Agri Fert & Realty Limited : Company Reports completion of Plinth work for Majiwada Project. The company has launched its iconic high rise prestigious tower namely Wembely-24 (G+60 Floor) tallest in Majiwada thane to offer 457 BHK Residential Flats of 2/3 BHK. The total realisations from the Majiwada Project, comprising 457 flats, will be approximately Rs. 800 Crore in the next 4 years on a pro-rata basis out of which cost of Project will be approx Rs. 300 Crore since the land is owned by company.
  • Pidilite Industries Limited : Pidilite Ventures Pvt. Ltd., a wholly owned subsidiary of Pidilite Industries Limited , announced an investment of INR 50 Million in Wify, a home improvement and maintenance services platform. This pre-Series A round was led by Capria and Mount Judi Ventures, with participation from Blume Ventures.
  • LTIMindtree Limited : Company, strengthened its partnership with Currys, a leading UK retailer of technology products and services, by enabling transformation of its omni-channel retail customer experiences leveraging Salesforce Service Cloud, Commerce Cloud and MuleSoft. This partnership was recognised with the Dreamforce Partner Innovation Award at Dreamforce 2024 in San Franciso, USA.
  • Oriental Rail Infrastructure Limited : Company has secured order worth Rs. 1,79,01,780/- from Integral Coach Factory (ICF), Chennai, Indian Railways.
  • Punjab national bank : Board approved the allotment of 48, 19,27,710 Equity Shares to eligible Qualified Institutional Buyers at an Issue Price of Rs. 103.75 per Equity Share, aggregating to Rs. 49,99,99,99,912.50 in accordance with the provisions of SEBI ICDR Regulations.
  • P N Gadgil Jewellers Limited : CRISIL Ratings Limited (“CRISIL”) has assigned its ratings for the debt instruments/facilities of the Company. Bank facility rated 419 crores. long term rating -CRISIL A/Stable (Upgraded from ‘CRISIL A-/ Stable’) & Short term rating CRISIL A1 (Upgraded from ‘CRISIL A2+) .
  • Avantel Limited : The Company has received a Purchase Order worth of Rs.44.49 Crores from M/s. Larsen & Toubro Limite For manufacturing & Supply of Satcom Systems
  • Inflame Appliances Limited : Company has successfully obtained Bureau of Indian Standards (BIS) certification or its entire range of kitchen appliances. This achievement underscores the company's dedication to providing consumers with high-quality, safe, and reliable products that meet or exceed the stringent standards set by the Indian government.
  • Gandhar Oil Refinery (India) Limited : United States Food & Drug Administration (USFDA) had inspected Company’s manufacturing facility located at Taloja. The inspection was conducted from September 23, 2024 to September 27, 2024. On conclusion of the inspection, the Company received 2 observations in Form 483.
  • Beekay Steel Industries Ltd. : The Company has started its commercial production for the DRI Division having capacity of 132,000 MTPA alongwith Waste Heat Recovery Power Plant at its “Cuttack Plant” situated at Rampei, P.O.- Khuntuni, Athagarh, Dist — Cuttack — 754029, Odisha.
  • Edvenswa Enterprises Limited : Board meeting be held on October 03, 2024, to discuss and decide various matters in connection with the Rights Issue, including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue.
  • HINDUSTAN ADHESIVES LIMITED : The Commencement of Commercial Production of Company's new Unit situated at Mauza Majukshetra, J.L. No. 77, under Islampur Gram Panchayat, P.S. Jagatballavpur, within the District of Howrah, Pin Code-711401, in the state of West Bengal, will be commence from April 01, 2025
  • Bharat Electronics Limited : The Ministry of Corporate Affairs (MCA) has approved incorporation of BEL IAI AeroSystems Private Limited on 25th September 2024 a Joint Venture Company between Bharat Electronics Limited and Israel Aerospace Industries Limited, Israel. The Company has received the intimation through e-mail.
  • RAJOO ENGINEERS LIMITED : The Company has agreed to acquire the following adjoining industrial plots from M/s. Narmada Pipes by entering into Banakhat 1) Admeasuring 854.03 Sq. Mtrs. located Industrial Area, Dist: Rajkot in the State of Gujarat. 2) Admeasuring 640.00 Sq. Mtrs. located Industrial Area, Dist: Rajkot in the State of Gujarat
  • Adani Energy Solutions Limited : AEML has entered into Business Transfer Agreement with its wholly owned subsidiary namely, North Maharashtra Power Limited (“NMPL”) on 26th September 2024 for carving out ADTPS by way of a slump sale on a going concern basis.
  • Adani Enterprises Limited : April Moon Retail Private Limited , a joint venture company of Adani Airport Holdings Limited, which is a wholly owned subsidiary of the Company, has executed a Share Purchase Agreement , Joint Venture Agreement and Share Subscription Agreement with Cococart Ventures Private Limited (“CVPL”) and existing shareholders of CVPL namely, Mr. Karan Ahuja and Mr. Arjun Ahuja for acquisition of shares in CVPL, to acquire 74% stake in CVPL. Aggregate consideration of Rs. 200 crores.
  • TCPL Packaging Limited : The Company has further invested in Rights Issue of Creative Offset Printers Private Limited , wholly owned subsidiary company and has been allotted 18,200 equity shares, aggregating to Rs. 1.00 crores.
  • CL Educate Limited : The Company has scheduled an Analysts and Investors call on October 03, 2024, to discuss the Digital Assessment Business and its decision to enter the assessments market through the proposed acquisition of NSEIT DEX. the Company will be hosting the call on the Kestone Metaverse.
  • Bacil Pharma Limited : The Board approved increasing the limit for granting loans, making investments, and providing guarantees by the Company to ₹100 crore.& proposal to raise funds by issuing equity shares through permissible modes, such as Preferential Issue, Rights Issue, CCPS, or CCD.
  • Mukka Proteins Limited : Ento Proteins Private Limited , associate company has allotted 1,847 equity shares of face value of Rs.100/- each of EPPL at a premium of Rs. 37,817/- per equity share for a total consideration of Rs. 7,00,32,699/- to the Company. Pursuant to this, the holding of the Company in EPPL has increased from 50% to 74% of equity share capital of EPPL. Consequently, EPPL has become a subsidiary of the Company.
  • Saksoft Limited : The acquisition of Ceptes Software Private Limited, a recognized expert in Salesforce services, headquartered in Bengaluru, Karnataka. to strengthen Salesforce capabilities and data-led solutions .
  • Reliance Power Limited : Board meeting to be held on October 03, 2024, to consider raising of long term resources from domestic and/or global markets, by issue of warrants/shares and various routes.
  • Vipul Organics Limited : Board meeting to be held on 30th September, 2024, to consider and decide various matter relating to the Rights Issue including terms and conditions such as the determination of the Rights Issue price, Rights Issue size, rights entitlement ratio and other related matters.
  • LKP Securities Limited : The Company has agreed to acquire 5,00,000 equity shares of Rs. 10/- each at par aggregating to Rs. 50,00,000/- by way of subscribing to the rights issue of LKP IFSC Private Limited, the wholly owned subsidiary of the Company.
  • Alembic Pharmaceuticals Limited : The Company has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (US FDA) for the inspection carried out by them at our Oral Solid Formulation Facility (F-I) from 17t July, 2024 to 26th July, 2024.
  • JHS Svendgaard Retail Ventures Limited : Board approved the issue and allot Fully Convertible Warrants (“Warrants”), to person(s) belonging to the Promoter & Promoter Group Category and Non-Promoter Category, on a preferential basis, aggregating up to Rs. 44,50,00,000.
  • Swati Projects Limited : Board Approved Acquisition of Majority stake i.e 76 % in a Real State Company namely MS Radhashree Apartments Private Limited.
  • Spandana Sphoorty Financial Limited : Board meeting to be held on October 03, 2024, to consider and approve, the issue and offer of Non-Convertible Debentures on private placement basis.
  • Larsen & Toubro Limited : Magtorq Private Limited (‘MPL’), an associate company of the Company has sold its entire stake in its subsidiary company, Magtorq Engineering Solutions Private Limited (‘MESPL’).
  • Ola Electric : Company announced #HyperService campaign to further strengthen its service network and provide a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024.
  • Bajel Projects Limited : Company announced its successful foray into the nascent data centre segment securing its first order from an upcoming data center service provider. Bajel has bagged an order for the design and construction of a 220/33 KV Gas Insulated Substation (GIS) Substation and transmission
  • line extension for a colocation data center in Navi Mumbai.
  • Prataap Snacks Limited : Peak XV Partners Growth Investments II, Peak XV Partners Growth Investment Holdings I and Sequoia Capital GFIV Mauritius Investments, part of Promoter and Promoter Group of the Company have entered into a Share Purchase Agreement on 26th September, 2024 with Authum Investment and Infrastructure Limited and Ms. Mahi Madhusudan Kela under which the Buyers propose to acquire 1,13,48,582 fully paid-up equity shares representing 46.85% of the paid-up equity share capital of the Company at Rs. 746/- per equity share, amounting to a total consideration of Rs. 8,46,60,42,172/-.
  • NHPC Limited : Company has signed a Joint Venture Agreement with Andhra Pradesh Power Generation Corporation Limited for incorporation of a Joint Venture Company for “Implementation of Pumped Storage Hydro Power Projects and Renewable Energy (solar/ floating solar/ wind) Projects in Andhra Pradesh”.
  • Silver Touch Technologies Limited : Company has incorporated Subsidiary Company in the name of AI4Pharma Tech Limited. AI4Pharma is a Joint Venture company, in which Silver Touch Subscribed 50.09% Shareholding with an alliance partner Mr. Amish Vyas, who is holding 49% of the equity. Amish Vyas has more than 30 years of Global Pharmaceutical industry experience.
  • eYantra Ventures Limited : Board approved Investment of up to 75,000 Equity shares proposed to be issued at an issue price of Rs.2000/- each including premium of Rs. 1990/- per share aggregating not exceeding Rs.15,00,00,000 constituting 60% stake in Neuro and Spine Associates Private Limited (NASAPL) consequent to which NASAPL will become a subsidiary of the Company.
  • Adani Power Limited : The Company has signed a Share Purchase Agreement (“SPA”) with the shareowners of OTEPL to acquire its entire paid up equity shares, i.e. total 10,000 equity shares of the face value of Rs. 10 each. Upon acquisition of equity shares, as above, OTEPL now becomes a wholly owned subsidiary of the Company. & Anuppur Thermal Energy (MP) Private Limited , which was a wholly owned subsidiary of Adani Infra (India) Limited , has allotted 8,00,00,000 equity shares of the face value of Rs. 10/-each, equivalent to a 94.40% equity stake to Adani Power Limited on a preferential basis. Consequently, ATEMPL has become a subsidiary of the Company.
  • TVS Holdings Limited : letter dated 17th September 2024 where we had informed that Emerald Haven Realty Limited (“EHRL”), a subsidiary of the Company, had agreed to acquire additional securities constituting 6.33% (on fully diluted basis) of Emerald Haven Town and Country Private Limited (“EHTCPL”). now EHRL has completed the aforesaid acquisition and thereby the shareholding of EHRL in EHTCPL has increased from 93.67% to 100%, consequent to which EHTCPL has become a wholly owned subsidiary of EHRL and the Company.
  • Silicon Rental Solutions Limited : Board Approved raising of funds.
  • HDFC Life Insurance Company Limited : Board Approve Raising of funds.
  • SUPREME INFRASTRUCTURE INDIA LIMITED : Board Approve Raising of funds.
  • Jaykay Enterprises Limited : Company had acquired additional 1,00,00,000 equity shares of Rs. 10/- each and 40,00,000 Preference Shares of Rs. 100/- each for an amount aggregating to Rs. 50,00,00,000/- in JK Defence & Aerospace Limited wholly owned subsidiary company on September 27, 2024, offered via Rights Issue.
  • Veefin Solutions Limited : Company has through its subsidiary Infini Systems Private Limited acquired 100% stake consisting of 1,00,000 Equity shares of Rs. 15,000 each of Nityo Tech Private Limited on September 27th, 2024.Cost of acquisition INR 1,50,00,00,000.
  • Tech Mahindra Limited : Yabx Technologies (Netherlands) B.V. (“Yabx Netherlands”), a wholly owned subsidiary of Comviva Technologies Limited, a subsidiary of Company, has incorporated a step-down subsidiary named Yabx Technologies Ghana Ltd. (“Yabx Ghana”) in Ghana on 27th September 2024 whose business objective comprises of providing software and analytics platform and related services in Ghana.
  • Quint Digital Limited : Board approved the raising of capital by way of issuance of equity shares and/or equity linked securities by way of Qualified Institutions Placement (“QIP”) for an aggregate amount not exceeding Rs. 250 crore in one or more tranches, subject to requisite approval including but not limited to regulatory approvals .
  • LUPIN LIMITED : The U.S. FDA inspected Lupin’s Pithampur Unit-1 API and finished product manufacturing facility from September 16 to September 27, 2024. The inspection closed with three observations each on the API and Finished Product side.
  • BPCL : The Company has received a compounding order from the Assistant Controller, Legal Metrology Department, District Baramulla, Jammu & Kashmir regarding error in manufacture/ packing/ sale relating to quantity noticed in small number of Bharat Gas Domestic LPG retail packages.
  • Manoj Ceramic Limited : The Company has entered into a purchase agreements for properties situated at Ghatkopar. Parcel of land admeasuring 669.45 sq. mtrs . each. Size of agreement Approximately Rs. 4.16 Crores
  • PNGS Gargi Fashion Jewellery Limited : The Company has received the trading approval dated September 27, 2024 from BSE Ltd for trading of 7,29,800 Equity Shares of Rs. 10/- each issued at a premium of Rs. 565/- bearing distinctive numbers from 9628004 to 10357803 to promoters and non-promoters on a preferential basis.
  • Tata Motors Limited : In a significant step towards promoting indigenous manufacturing, Tata Motors Group held the groundbreaking ceremony of its new, world-class production facility to manufacture cars and SUVs, at Panapakkam in Ranipet district, Tamil Nadu. This manufacturing facility will produce next-gen vehicles for Tata Motors and JLR. The internationally benchmarked plant will cater to requirements of both Indian and international markets.
  • Moneyboxx Finance Limited : The Company has got its 5 new branch offices opened in the state of Andhra Pradesh, Telangana & Karnataka (Guntur ,nellore ,warangal ,karimnagar ,davanger )
  • Zydus Lifesciences Limited : Company has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Enzalutamide Capsules, 40 mg (USRLD: Xtandi® Capsules, 40 mg).
  • Rossari Biotech Limited : Board approved to purchase a plot of land allotted by Gujarat Industrial Development Corporation (“GIDC”) adjoining to the existing Dahej Facility of the Company.
  • Adani Energy Solutions Limited : North Maharashtra Power Limited, a step-down subsidiary of the Company has allotted further equity shares to Adani Properties Private Limited (APPL), a related party of the Company, equivalent to NMPL’s 99.90% post issue paid up capital. Consequently, NMPL has ceased to be a subsidiary of the Company.
  • RailTel Corporation of India Ltd. : The Company has received the work order from Adani Connex Private Limited for Services amounting to Rs. 134,46,83,608/-.
  • Wheels India Limited : Company has infused funds towards the equity share capital of M/s. WIL USA Inc. (‘WIL USA’), a Wholly Owned Subsidiary of the Company.
  • Atul Auto Limited : Company has invested Rs.4,91,40,000/- by way of subscription in the equity share capital of its wholly-owned subsidiary namely Khushbu Auto Finance Limited , on right basis.
  • Electronics Mart India Limited : Company has commenced the commercial operations of a new Multi Brand Store under the brand name ‘BAJAJ ELECTRONICS’ in Telangana.
  • Radico Khaitan Limited : Company officially unveils Rampur’s newest expression of Indian Single Malt Whisky, the Barrel Blush at Whisky Live Paris 2024. The international spirits tasting event will be held from 28th September to 30th September at La Grande Halle de La Villette in Paris.
  • Kaynes Technology India Limited : Board approved, entering into a Share Purchase Agreement to be executed on September 28, 2024, by Kaynes Technology India Limited for acquisition of 100% of share capital of Iskraemeco India Private Limited , from Iskraemeco Holding Switzerland A.G. and Iskraemeco Merjenje IN Upravljanje Energije, D.D . The Company will complete the acquisition of 4,29,85,975 equity shares of INR 10 each, representing 100% of the issued and paid-up share capital of the Target Company for a total sale consideration of INR 42,98,59,750/-.
  • Shukra Pharmaceutical Limited : Board Approved Raising of funds.
  • Marsons Limited : Historically focused on the Transm ission and Distribution (T&D) Transformer segment. our Company is now diversifying into the renewable energy SCClOr to further solidify its position in the Indian Power Sector.
  • EFC (I) Limited : Company has incorporated a wholly-owned subsidiary of EFC Limited (wholly-owned material subsidiary company) namely “EFC Estate Wakadewadi Private Limited” and the Certificates of Incorporation were received from Ministry of Corporate Affairs.
  • Bajaj Steel Industries Limited : Board meeting to be held on October 03, 2024, to consider the proposal for issuance of Bonus Shares.
  • Hind Rectifiers Limited : company has secured orders from Indian Railways. Order value Rs. 98 crores
  • BERYL SECURITIES LTD : Board Approved to raise equity through preferential route upto Rs. 2 Crore
  • Asian Energy Services Limited : Company secures Rs. 82 crores contract from Oil India for 2D Seismic Data in Rajasthan Basin.
  • Regency Fincorp Limited : Board meeting to be held on 3rd Oct 2024 ,to discuss fund raising .
  • Galactico Corporate Services Limited : Company has opened its Branch office at G Square Business Par Vashi 4OO7O3.
  • Ludlow Jute & Speciality Ltd: “Suspension of Work” in the mill from Thursday, 26t September 2024, from 10 p.m. onwards till further orders. The “no work, no pay” principle will be applicable to the concern workmen for the period “suspension of work”.
  • Sikozy Realtors: the Board of Directors of the Company has, at its meeting held on September 27, 2024, inter alia. Considered, reviewed and approved a draft scheme of reduction of share capital of the Company
  • BSE: The company revised Sensex option trade fee to Rs 3,250 per crore of premium turnover value and Bankex option trade fee to Rs 3,250 per crore of premium turnover. The changes will be effective from Oct. 1
  • Apollo Hospitals Enterprise: The company stake in its unit Apollo HealthCo had been diluted as an affiliate of private equity major Advent International has picked up a stake in the company. The company's shareholding in AHL has diluted from 94.9% to approximately 78.8%
  • IndusInd Bank: The board has reappointed Sumant Kathpalia as the managing director and the chief executive officer for three more years, subject to the RBI approval.
  • Zomato: Akriti Chopra, co-founder and chief people officer designated as senior management personnel has resigned effective Sept. 27.
  • Welspun Enterprises: The company has been declared L1 bidder by Brihanmumbai Municipal Corp. for the Mumbai water Tunnel project worth Rs 1,990 crore.
  • Yes Bank: The bank received Rs 84 crore from a trust in the Security Receipts Portfolio, related to sale of NPA Portfolio to JC Flower ARC
  • Mangalore Chemicals & Fertilizers: The company has resumed its production at ammonia and urea plants.
  • LTIMindtree: The company strengthens a pact with UK retailer Currys for retail IT solutions
  • Adani Green Energy: The company is in a business transfer agreement with unit North Maharashtra Power for carving out Dahanu station.
  • Escorts Kubota: The Punjab and Haryana High Court has dismissed an appeal by the excise department regarding a Rs 46.9-crore tax demand.
  • Rallis India: The company has relieved S. Nagarajan from his position as chief operating officer, effective Oct. 20. He will take over as the chief executive officer of Tata Chemicals at Magadi.
  • ICICI Prudential Life Insurance Co.: The company has received an income tax demand notice worth Rs 361 crore, including interest.
  • ICICI Lombard General Insurance Co: The company has received an income tax demand of Rs 1,388 crore for April 2021 to March 2022 period.
  • DR Reddy's Laboratories: The company has finalized a $620 million investment in its Switzerland unit
  • Biocon: The US FDA inspection at Bengaluru API facility from Sept. 23-27 ended with four observations
  • RADICO KHAITAN
  • Radico Khaitan Unveils a New Expression of Rampur Indian Single Malt Whisky – Barrel Blush at Whisky Live Paris 2024.
  • The Rampur Barrel Blush will be available in fall 2024 in Europe, United Kingdom, and the United States with a recommended retail price of US$ 105.
  • Tata Group To Boost Semiconductor Production Across India
  • In a significant move, the Tata Group has announced plans to expand its semiconductor manufacturing facilities in Assam, Kerala’s Ozhur and other Indian locations, as stated by Chairman N Chandrasekaran.
  • Tata Group is making its foray into the semiconductor industry by planning to set up additional manufacturing facilities across India, NDTV Profit reported.
  • TV 18 UPDATE ON MERGER BETWEEN DISNEY & RIL
  • Ministry of Information and Broadcasting has granted its approval for transfer of Licenses relating to Non News & Current Affairs TV channels held by Viacom18 Media Private Limited in favour of Star India Private Limited subject to conditions laid by Competition Commission of India.
  • Thermax Gearing Up For Mega Capex To Boost Green Hydrogen Production
  • Thermax Ltd. is prepared for large-scale capex to set up a solid oxide electrolysers manufacturing unit in India, the company’s Chief Executive Officer Ashish Bhandari said.
  • Recently, the Indian multinational engineering conglomerate announced a partnership with UK-based Ceres Power Ltd. for green hydrogen production with large-scale solid oxide electrolysis cell manufacturing in India.
  • The two companies have entered into an agreement for Thermax to manufacture, sell and service stack array modules based on Ceres' advanced solid oxide electrolysis cell technology.
  • Thermax also plans to establish a manufacturing facility for the electrolysers, develop the supply chain, and localise critical components over the next two years.
  • “The investment (towards indigenisation of the project) will change depending on the success that we get at each stage but we are prepared for hundreds of crores of investments on setting up full-scale manufacturing capability for solid oxide electrolysers,” Bhandari told NDTV Profit.
  • The Thermax CEO said that hydrogen as a technology for the future will be important for India’s many hard-to-abate industries like steel, refining, petrochemicals, and fertilisers
  • “I think solid-oxide technology for electrolysis is a key tech that can make this change happen faster,” he said.
  • The company is focusing more on green technology, which is reflected in the breakup of its Rs 10,500-crore order book, Bhandari noted.
  • “Right now, we are running about 70% of what we call as green (energy) and 30% of traditional fossil fuel,” the top executive said.
  • With the new opportunities towards green transition, Bhandari said that he expected the margins of the company to improve.
  • “I think Q1 in particular we had some exceptional hits. On our bio-CNG portfolio in particular and on our project side, we had items that resulted in one-time hits. Overall, I’m confident that our margin profile will continue on a trend of improvement,” he added.
  • COROMANDEL INTERNATIONAL: CO SAYS YCAS A JV HAS ALLOTTED 11 CR EQUITY SHARES AT RUPEES 13.50 PER SHARE AMOUNTING TO RS.149.72 CR TO YANMAR ASIA (SINGAPORE) CORPORATION PTE LTD
  • CO'S STAKE IN YCAS HAS DECREASED FROM 40% TO 10.60%
  • PIRAMAL PHARMA: US FDA ISSUES EIR FOR AHMEDABAD FACILITY INSPECTION WITH ZERO OBSERVATIONS
  • HIND RECTIFIERS: CO SECURES 98 CR RUPEES SUPPLY ORDER FROM INDIAN RAILWAYS FOR FY 2025-26
  • Surana Solar* receives Letter of Award of Solar Power developer (SPD) for solar photovoltaic power generating stations of an aggregate capacity of 54 MW (AC) for Rs.189 cr.
  • Things to know before trade
  • US markets closed mixed on Friday
  • Dow up 137 points to finish at new all time high
  • Nikkei down 4% this morning
  • China will release its official PMI numbers for September
  • All eyes on US jobs data on October 4
  • Nifty ended above 26100 on Friday
  • Domestic investors bought in large amounts on Friday but foreign investors were net sellers.
  • DIIs bought 6887cr in cash , FIIs sold 1209cr in cash on Friday
  • gold prices hit 2680$/ounce, rate cut sets gold on track for best quarter in 8 years
  • MARSONS: CO IS ENTERING THE RENEWABLE ENERGY SECTOR, FOCUSING ON SPECIALIZED TRANSFORMERS FOR SOLAR AND WIND POWER PLANTS, AND EXPLORING A POTENTIAL 150 MW SOLAR POWER PROJECT WITH ADITYA CLEAN ENERGY SYSTEMS.
  • News Headlines from Business News Agencies:*
  • *Business Standard*
  • Tata Sons plans to buy 13% stake in Tata AutoComp for Rs 2,122 crore
  • IBA expects to attract Rs 1,600 cr investment for biogas sector at REI 2024
  • Goyal holds discussions with 140 firms getting production-linked incentives
  • AI Express-AIX Connect merger in Oct first week; 'I5' to fly into sunset
  • With more foreign investment, India can build movie industry quicker: IMAX
  • Lulu Group to set up food processing, logistics centres in Andhra Pradesh
  • Microfinance growth driven more by lenders' loan disbursement than demand
  • Housing prices in Delhi-NCR, Bengaluru jump 29% in July-Sept: Anarock
  • Insurance companies enhance tech spending to meet evolving customer needs
  • Govt mulls new regulatory mechanism for FDI supervision and oversight
  • HC upholds arbitral award in favour of R-Infra in judgement on DVC petition
  • Regulatory, policy reforms crucial for future of India's pharma R&D: Report
  • Engine maker GE Aerospace plans increasing sourcing components from India
  • NLC India eyes critical mineral mining capacity of 1 MTPA by FY30
  • Deloitte eyes $5 billion revenue from Indian biz by 2030: South Asia CEO
  • *Economic Times*
  • Reliance Infra wins Rs 780 cr arbitration case against Damodar Valley Corp
  • Linking spurious drugs with legitimate manufacturers has severe reputational, financial impact: IPA
  • Sebi mulls standardise format for disclosure of change in risk-o-meters of MF schemes
  • Govt to soon release 'master list' of tourist sites for holistic development: Gajendra Singh Shekhawat
  • ASUS bets on aggressive retail expansion to become India's top PC brand
  • India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Crisil Ratings
  • EV industry in India is not relevant without incentives: Bernstein
  • L&T Semicon expects its chip production to start in 2 yrs; to set up unit later
  • Tamil Nadu CM Stalin lays foundation stone for Tata Motors' Rs 9,000 cr manufacturing plant in state
  • SBI plans innovative products to attract depositors amid growing financial awareness
  • Candytoy partners with Reliance Retail to supply confectionery toys to 1,400 outlets
  • IDFC to merge with IDFC FIRST Bank, effective October 1
  • NEDFi reports rise in profit for FY24 by 14.19% to Rs 132.37 crore from Rs 115.92 crore
  • *Mint*
  • India's forex reserves surge, reaching record high of $692.3 billion: RBI
  • Indian steel producers warn of China import surge amid US tariff hike
  • Flipkart's online sellers sue CCI over antitrust probe
  • GQG Partners to pay $500,000 as penalty to SEC for violating whistleblower rules
  • Sebi cuts down timeline for debt securities from T+6 to T+3
  • Supreme Court to rule on AERA’s powers, may lead to costlier airport services
  • Reliance-Disney merger ahead: RIL wins govt approval for transfer of channels
  • The $1.7 billion takeover brawl fueled by a fear of China
  • Accenture’s Gen AI bets pay off with $3 bn in bookings
  • First novel Schizophrenia treatment in decades gains FDA approval
  • Dell mandates in-office work for global sales team after layoffs: Report
  • Reliance Power to consider stake sale for fundraising, board meeting on Oct 3
  • Jefferies gives #buy call on #NTPC, says co plans to ramp up 19x to 60 GW by 2032, implying a 44% capacity CAGR. DRHP has been filed for fresh issue up to Rs 10,000 cr. Assuming 10-15% stake dilution & NTPC’s RE is at 2x premium to its coal biz, it could potentially add 5-11% upside on current market price
  • TOP10 Stocks In Focus
  • 1-HINDALCO/VEDANTA/TISCO/JSW STEEL
  • China Booster
  • 2-BSE
  • Hikes transaction charges
  • 3-PIRAMAL PHARMA
  • US FDA Inspection at Ahmedabad unit with Zero Form 483 observations and NAI
  • 4-ZYDUS LIFE
  • Received final approval from the USFDA to manufacture Enzalutamide Capsules, 40 mg
  • 5-BEL
  • Govt. approves incorporation of JV company ‘BEL IAI AeroSystems’ with Israel Aerospace Industries
  • 6-KAYNES TECH
  • The company will acquire Iskraemeco India, which is engaged in the business of smart meters
  • Deal value is worth Rs 43 Cr
  • 7-LUPIN
  • US FDA issues 3 observations to co’s Pithampur facility
  • 8-BIOCON
  • USFDA issues 4 observations
  • 9-WELSPUN ENT.
  • Rs 1,989.90 Cr order from BMC
  • 10-RADICO KHAITAN
  • Unveils Rampur’s newest expression of Indian Single Malt Whisky, the Barrel Blush at Whisky Live Paris 2024
  • Money Market Update
  • The Indian rupee closed weaker against the US dollar on Friday amid heightened dollar demand by importers looking to settle payments. The rupee depreciated by 6 paise to close at 83.70 against the US dollar, according to Bloomberg data.
  • Trading Tweaks
  • Moved into short term ASM: BF Utilities, Zee Media Corp.
  • Moved out short term ASM: BSE, IIFL Securities, Morepen Laboratories, Ram Ratna Wires, UFLEX.
  • Pledge Share Details
  • Sterling and Wilson Renewable Energy: Promoter Kainaz Khurshed Daruvala created a pledge for 5 lakh shares and Shapoorji Pallonji and Co. created a pledge of 1.6 crore shares on Sept. 26.
  • Krishna Institute of Medical Sciences: Promoter Bhaskara Rao Bollineni revoked a pledge for 6.7 lakh shares on Sept. 24.
  • Chalet Hotels: Promoter Touchstone Properties and Hotels created a pledge for 1.44 crore shares on Sept. 25.
  • Steel Exchange India: Promoter Vizag Profiles created a pledge for 17.16 crore shares on Sept. 26.
  • Insider Trades
  • Kilburn Engineering: Promoter Firstview Trading bought 25,000 shares on Sept. 26.
  • BCL Industries: Promoter Rajinder Mittal sold 25 lakh shares on Sept. 20.
  • NRB Bearings: Promoter Aziz Yousuf Zaveri bought 26,033 shares and Promoter Harshbeena Zaveri bought 46,711 shares on Sept. 25.
  • FRIDAY - WALL STREET SESSION
  • -> SPX -0.13%, Nasdaq -0.39%
  • -> UST 10y yield lost 4 bps to 3.75%
  • -> Dollar Index -0.18% to 100.42
  • -> US core PCE was softer than expected
  • -> Oil up 1.0% to $72.34/bbl
  • -> US data ahead: JOLTS (Tues), ISM services employment (Thurs), NFP (Fri)
  • -> JPY remained the global outperformer, rallying to 142.20 during Friday
  • -> China golden week holidays this week (Oct 1-7)
  • COROMANDEL INTERNATIONAL : Company inform that Yanmar Coromandel Agrisolutions Private Limited (YCAS), a joint venture Company had allotted 11,09,00,741 equity shares of face value Rs.10 each for cash at a price of Rs.13.50 Per Share amounting to Rs.149.72 Croresto Yanmar Asia (Singapore) Corporation Pte Ltd (Yanmar Singapore), on Preferential basis.
  • Further to this allotment of shares by YCAS to Yanmar Singapore, the shareholding of Company is 10.60% effective September 27, 2024 (changed from 40% to 10.60%
Panchkarma