India Daybook – Stocks in News
Kalpataru Projects: Company has received new orders worth Rs 2,306 Crores. (Positive)
TCPL Packaging Ltd: Company inaugurated a new Greenfield facility in Chennai. (Positive)
K&R Rail: Company has signed MoU with Indian Port Rail, a public sector undertaking under the Ministry of Shipping, Government of India. (Positive)
Firstsource Solutions: Company Launches Agentic Ai Studio. (Positive)
RITES: Company has received a Letter of Acceptance for a project of Rs 27.96 cr. (Positive)
Bharat Electronics: Company bags additional orders worth Rs 577 crore since February 20, 2025. (Positive)
Biocon: Company’s arm collaborate to expand Insulin Aspart access in the United States. (Positive)
RVNL: Company bags orders worth Rs 156.35 crore from South Western Railway (Positive)
Brigade Enterprises: Company launches residential project ‘Brigade Altius’ in Chennai. The project has a revenue potential of Rs 1700 Crore. (Positive)
Thomas Scott: Company announced the allotment of 8,67,661 equity shares and 2,13,675 convertible equity warrants on a preferential basis at Rs 330 per share (Positive)
Avenue Supermarts: Company opened 4 new stores today in Chennai, Karnataka, Madhya Pradesh, and Punjab. (Positive)
Aavas Financiers: An open offer has been initiated for the acquisition of 20,739,711 fully paid-up equity shares, representing 26.00% of the expanded voting share capital, by Aquilo House Pte. Ltd. (Positive)
IndiGo: Company announces Europe debut, direct flights to Manchester & Amsterdam. (Positive)
Power Grid: Company declared as successful bidder for inter-state transmission system on build, own, operate and transfer (BOOT) basis (Positive)
Hexaware: Record new deal wins this quarter at $154m (Positive)
Quess Corp: Gets NCLT approval for Three-Way demerger. Next step include share allotment & listing of new entities (Positive)
TCS: Northern Trust expands collaboration with co to transform its securities services offering across 99 Markets (Positive)
Jindal Stainless: Company tendered its remaining 21.13% stake in JCL worth of Rs 194.9 crore. (Positive)
Mukta Arts Limited: Company Secretary & Compliance Officer, Hemal N. Pankhania (Neutral)
Aarey Drugs: Company announced the appointment of Kailash Chand Jethlia as Company Secretary and Compliance Officer, effective March 6, 2025. (Neutral)
Laurus Labs: Company is investing in its joint venture, KRKA Pharma, to establish a manufacturing facility. Amount Rs 83 Cr (Neutral)
P N Gadgil: Company opened a new store in Pimpri Chinchwad, Maharashtra on Mar 05, 2025. (Neutral)
Entero Healthcare: Company has invested Rs 17 Cr in Getwell Medicare Solutions Pvt Ltd's equity shares issued on a rights basis. (Neutral)
PDS Ltd: Company has announced the incorporation of a new subsidiary, Tritron Fashion FZCO, in the United Arab Emirates. (Neutral)
*Swiggy & Zomato: Indian retail group files antitrust case against quick commerce firms Zomato, Swiggy and Zepto. (Neutral)
Quality Power: Company has successfully acquired a 51% stake in Mehru Electrical & Mechanical Engineers Pvt. Ltd. (Neutral)
Metropolis: Company to acquire Agra based scientific pathology for Rs 83 crore. (Neutral)
Titan: Company has fully repaid ₹1200 Cr of Commercial Papers (CPs) issued on Feb 10, 2025 (Neutral)
Sudarshan Pharma: Company announced the resignation of Sachin Mehta as CFO (Neutral)
ONGC: Company has appointed of Shri Vikram Saxena as Director (Technology and Field Services). (Neutral)
NMDC: Government appoints Amitava Mukherjee as Chairman & Managing Director (CMD) on the board of the company w.e.f. March 6, 2025 (Neutral)
Eris Lifesciences: Company transfers its 100% holdings in 2 arms Eris Oaknet Healthcare & Aprica Healthcare to Eris Therapeutics for ₹862 crore. (Neutral)
Tamilnad Mercantile Bank: Revises one-year MCLR to 9.60% from 9.75%, effective March 7. (Neutral)
Gold Financiers: RBI set to ask lenders to tighten gold loan processes (Agencies). (Neutral)
Hexaware: Q4 revenue grows 2.9% qoq at Rs 3154 cr vs Rs 3135 cr (Neutral)