🇮🇳India Daybook – Stocks in News
LIC: Company got an exemption from the Department of Economic Affairs to achieve the 25 percent minimum public shareholding threshold within 10 years of listing (Positive)
GMR Airports: Company entered into a binding agreement with the NIIF to invest Rs 675 crore in the upcoming airport at Andhra Pradesh. (Positive)
MOIL: Company announced that production by December 20, crossed 16 lakh tonnes in CY2023. (Positive)
Railtel: Company wins Rs 66 Cr order from Northeast Frontier Railway Construction. (Positive)
Allcargo Logistics: Company has announced a scheme of arrangement where the ISC business will be demerged into a separate entity – Allcargo ECU. (Positive)
Brigade: Company announced that it has entered into a lease agreement with Sidvin Core-Tech India Private Ltd. Under the 10-year agreement, (Positive)
Infosys: Company signs 5-year collaboration with LKQ Europe (Distributor of automotive aftermarket parts) (Positive)
Signature Global: Company purchased the 8.31-acre land in Gurugram on 21 December 2023. (Positive)
Madras Fertilizers: Operations resumed at plant that was shutdown from Dec 4 Due to cyclone Michaung. (Positive)
Mining stocks: Mines Ministry to hold pre-bid conference for 1st tranche of rare minerals to auction. (Positive)
Lupin: Company has launched Softovac Liquifibre, a liquid laxative. (Positive)
Kaynes Technology: Company has approved the allocation of 57.75 lakh equity shares as part of its QIP (Positive)
Tata Motors DVR: BSE & NSE approve cancellation of entire ‘A’ ordinary shares & allot ordinary shares of Tata Motors. (Positive)
Bata India: Company said Pankaj Gupta will resign as Head of Retail and franchisee Operations and move to a global position in Bata group (Neutral)
Suven Pharma: Himanshu Agarwal will be appointed as CFO of the company from January 2, 2024. (Neutral)
Bank of Baroda: Bank said it raised ₹2,500 crore through the issuance of Basel III compliant tier II Bonds (Neutral)
UPL: The Board meets to raise funds. (Neutral)
Zomato: Company has denied reports that it acquired Shiprocket for $2 billion. (Neutral)
Maruti Suzuki: NCLAT adjourned CCI matter, next listed for hearing on February 2, 2024. (Neutral)
Coforge: Company has received an income tax demand notice of around Rs 122 crore (Negative)
MedPlus: Company has received an order from the Drugs & Control Authority on the suspension of its drug licence for five days (Negative).
For information only
