*🇮🇳India Daybook*
🔹 *Stocks in News*
*Kaynes Technology:* Rating Upgraded to ICRA A- (Positive) from ICRA BBB+ (Stable). (Positive)
*Bharti Airtel:* S&P Global Ratings reaffirmed Bharti Airtel's BBB- rating and revised its outlook to positive from stable (Positive)
*Central Bank of India:* RBI approved Central Bank of India's entry into the insurance business via a joint venture with Generali. (Positive)
*Prakash Industries:* Company gets mining lease of Bhaskarpara commercial coal mine from Chhattisgarh Govt. (Positive)
*RITES:* Company secures revised order for Railway Electrification work from Northeast Frontier Railway worth Rs 531.77 Cr (Positive)
*Mahindra Lifespace:* Company’s subsidiary and Sumitomo Corp. agreed to invest Rs 225 crore to expand an industrial park in Tamil Nadu. (Positive)
*Paras Defence:* Company inaugurates advanced optical systems testing facility in Navi Mumbai (Positive)
*Cochin Shipyard:* Company signed an MOU with Seatrium Letourneau USA for jack-up rig designs for the Indian market, leveraging CSL's shipbuilding expertise and SLET's design capabilities. (Positive)
*Oberoi Real/Godrej Prop/ Macrotech:* Mumbai sees 11.5% year-on-year growth in luxury home rates during September quarter. (Positive)
*VST Industries:* Company sold a 2.7-acre property in Hyderabad for Rs 101.7 Cr. (Positive)
*PVR INOX:* Company expects to surpass 150 million footfalls in 2024. (Positive)
*RVNL:* Company gets LoA for a project worth Rs 837 cr from Eastern Railway. (Positive)
*Urban Enviro:* Company secured two new work orders from Borsad Municipality, Gujarat totaling Rs 168 million. (Positive)
*Zaggle Prepaid:* Company has entered into an agreement with Golden Jasraj Music Platforms Pvt. Ltd. (Positive)
*Escorts:* Arm Escorts Kubota Finance intends to commence its non-banking financial institution business activities (Positive)
*Zomato:* BSE to drop JSW Steel from Sensex, adds Zomato from Dec 23 (Positive)
*Aurobindo Pharma:* Subsidiary, signed a collaboration & license agreement with a global pharma major for respiratory products. USD 25 mn upfront payment received (Positive)
*Waaree Tech:* Received purchase order for 530 solar kits. (Positive)
*HG Infra:* Received letter of award for 500 MW battery storage project. (Positive)
*IGL:* Company hikes CNG price by Rs 1.5-4/kg in areas other than Delhi (Positive)
🔹 *Stocks in News*
*Kaynes Technology:* Rating Upgraded to ICRA A- (Positive) from ICRA BBB+ (Stable). (Positive)
*Bharti Airtel:* S&P Global Ratings reaffirmed Bharti Airtel's BBB- rating and revised its outlook to positive from stable (Positive)
*Central Bank of India:* RBI approved Central Bank of India's entry into the insurance business via a joint venture with Generali. (Positive)
*Prakash Industries:* Company gets mining lease of Bhaskarpara commercial coal mine from Chhattisgarh Govt. (Positive)
*RITES:* Company secures revised order for Railway Electrification work from Northeast Frontier Railway worth Rs 531.77 Cr (Positive)
*Mahindra Lifespace:* Company’s subsidiary and Sumitomo Corp. agreed to invest Rs 225 crore to expand an industrial park in Tamil Nadu. (Positive)
*Paras Defence:* Company inaugurates advanced optical systems testing facility in Navi Mumbai (Positive)
*Cochin Shipyard:* Company signed an MOU with Seatrium Letourneau USA for jack-up rig designs for the Indian market, leveraging CSL's shipbuilding expertise and SLET's design capabilities. (Positive)
*Oberoi Real/Godrej Prop/ Macrotech:* Mumbai sees 11.5% year-on-year growth in luxury home rates during September quarter. (Positive)
*VST Industries:* Company sold a 2.7-acre property in Hyderabad for Rs 101.7 Cr. (Positive)
*PVR INOX:* Company expects to surpass 150 million footfalls in 2024. (Positive)
*RVNL:* Company gets LoA for a project worth Rs 837 cr from Eastern Railway. (Positive)
*Urban Enviro:* Company secured two new work orders from Borsad Municipality, Gujarat totaling Rs 168 million. (Positive)
*Zaggle Prepaid:* Company has entered into an agreement with Golden Jasraj Music Platforms Pvt. Ltd. (Positive)
*Escorts:* Arm Escorts Kubota Finance intends to commence its non-banking financial institution business activities (Positive)
*Zomato:* BSE to drop JSW Steel from Sensex, adds Zomato from Dec 23 (Positive)
*Aurobindo Pharma:* Subsidiary, signed a collaboration & license agreement with a global pharma major for respiratory products. USD 25 mn upfront payment received (Positive)
*Waaree Tech:* Received purchase order for 530 solar kits. (Positive)
*HG Infra:* Received letter of award for 500 MW battery storage project. (Positive)
*IGL:* Company hikes CNG price by Rs 1.5-4/kg in areas other than Delhi (Positive)