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 25, 2022

• *UFLEX:* Aditya Birla Finance Releases 11.7 Lakh Pledged Shares (Positive)
• *DFM Foods:* To Consider & Approve The Delisting Proposal. (Positive)
• *NHPC:* Subsidiary signs MoU with Rajasthan Govt for Ultra Mega Renewable Energy Park (Positive)
• *Bharti Airtel:* Singtel to transfer 3.3% direct stake in Bharti Airtel (Positive)
• *Parag Milk:* The Company raised a total of Rs 131 crore through preferential allotment from marquee investors and promoters. (Positive)
• *Barbeque:* Credit rating agency ICRA has upgraded the credit rating for the bank facilities of Rs 15.50 crore (Positive)
• *Financials:* India’s RBI Lifts Restrictions Imposed on American Express (Positive)
• *Angel Fibers:* Nav Capital VCC - Nav Capital Emerging Star Fund acquired 1.6 lakh equity shares in the company (Positive)
• *Angel Fibers:* Nav Capital VCC - Nav Capital Emerging Star Fund acquired 1.6 lakh equity shares in the company (Positive)
• *PB Fintech:* Approves INR6.5b investment in Policybazaar; to incorporate new tech company in Abu Dhabi (Positive)
• *Power Mech:* Board meet to consider Raising Funds via Preference Issue to Promoters. (Positive)
• *Power Finance Corporation:* Signs MoU for Rs 6,750 cr aid to 1550 MW solar power projects in Maharashtra. (Positive)
• *RBL Bank:* College Retirement Fund bought 4584678 shares (Positive)
• *Lupin:* Acquires 'Ondero’ & ‘Ondero Met’ from Boehringer Ingelheim Intl GmbH (Positive)
• *Aban Offshore:* Enters into a one-time debt settlement pact with Central Bank of India for Rs 125 cr (Positive)
• *PSP Projects:* Company gets orders worth Rs 247 cr (Positive)
• *Infibeam:* To Consider Raising of Funds (Neutral)
• *Maha Seamless:* Lata Bhansali sold 1.02 Lakh Shares or 0.15% Stake in the open market (Neutral)
• *BPCL:* Company seeks proposals from lenders for an up to $500 mn ECB loan (Neutral)
• *TVS Motor:* Company to buy 48.27% in Nkars Mobility for Rs 85.41 cr. (Neutral)
• *Adani Enterprises:* Incorporates Two New Mining Subsidiaries. (Neutral)
• *Reliance Home:* Says lenders select Authum Investment to buy the Co.; interest on NCD due Aug. 24 not paid (Neutral)
• *Wipro:* The IT services provider has appointed Wagner Jesus as the Country Head and Managing Director for operations in Brazil. (Neutral)
• *BEML:* Fixes Record Date 09th September for determining the eligible equity shareholders for issue of Shares by BEML Land Assets Limited in the ratio of 1:1 (Neutral)
• *Future Lifestyle:* Investor PI Opportunities Fund I has sold 6.24 lakh equity shares or 0.31 percent stake in the company (Negative)
• India Needs to Improve Repo and Derivative Markets: RBI’s Sankar
• India to Tell US That Russia Oil Price Cap Needs Consensus (2)
• US Treasury officials rallying support to cut Russian revenue
• Russia Seen Floating Long-Term Oil Discounts Amid Price- Cap Push
• India’s RBI Lifts Restrictions Imposed on American Express
• Mercedes-Benz Launches Electric Sedan in India for $306,960
• India’s July Crude Oil Imports Highest in 3 Months
• India Cumulative Monsoon Rainfall 9% Above Normal as of Aug. 24
• Global Funds Buy Net INR231.9M of Indian Stocks Wednesday: NSE
• Domestic funds sell net 3.22b rupees of stocks
• India to Promote Rupee-Settled Deals to Boost Russia Trade: Rtrs
• Many Oil Traders Halt Dealing With Nayara Energy: Reuters
• BPCL Plans Up To $500m ECB Loan To Restructure Debt, ET Now Says
• ACC, Ambuja Holders Have Mixed Views on Adani Offer: Jefferies
• Adani Enterprises (ADE): Incorporates Two New Mining Subsidiaries
• NHPC (NHPC): Says its unit in pact with Govt of Rajasthan for Power Park
• PB Fintech (POLICYBZ): Approves INR6.5b investment in Policybazaar; to incorporate new tech company in Abu Dhabi
• REC (RECL): Says unit RECPDCL sold entire 50,000 shares of Neemuch Transmission to Power Grid Corp.
• Reliance Home Finance (RELHOME): Says lenders select Authum Investment to buy the Co.; interest on NCD due Aug. 24 not paid
• Wipro (WPRO): Names Wagner Jesus as country head for Brazil