🔶 Key Highlights
HDFC Bank: Navigates leadership transition post Chairman resignation; RBI reassures stability, Keki Mistry appointed interim chairman. (Neutral)
MM Forgings: Board to consider fundraise via equity on March 25. (Neutral)
RITES: Secures LoA for maintenance of India’s first high-speed railway test track. (Positive)
P N Gadgil Jewellers: Expands retail presence with two new stores in Maharashtra. (Positive)
Tata Steel: Commissions ₹3,200 Cr low-carbon steel project using EAF technology. (Positive)
Union Bank of India: Approves ₹7,500 Cr capital raise plan. (Neutral)
Ashok Leyland: To invest ₹375 Cr in UK arm Optare Plc. (Positive)
Tata Motors: Announces 0.5% price hike on ICE vehicles from April 1. (Neutral)
DCX Systems: Bags ₹563 Cr order for airborne radar systems. (Positive)
Devyani International: Invests ₹347 Cr in Thailand-based KFC operator. (Positive)
🔶 Business & Expansion
Ceigall India: Emerges L1 bidder for ₹603 Cr NHAI project. (Positive)
Thomas Cook India: Approves demerger of resorts business. (Neutral)
Omaxe: Receives RERA approvals for projects in Punjab & UP. (Positive)
Infosys: Launches AI-powered race centre with Formula E. (Positive)
Eris Lifesciences: Acquires probiotic business; launches Semaglutide product. (Positive)
RailTel Corporation: Secures orders worth ₹184 Cr. (Positive)
Wipro: Launches enterprise-scale AI data center solution. (Positive)
PVR INOX: Opens new multiplex in Agra. (Positive)
🔶 Financial & Regulatory
SBI: Faces ₹6,337 Cr tax demand; raises ₹6,051 Cr via bonds. (Neutral)
Divi’s Laboratories: Receives ₹570 Cr tax demand notice. (Neutral)
LIC Housing Finance: Board to consider fundraise on March 25. (Neutral)
Cholamandalam Investment: Allots ₹2,000 Cr NCDs. (Neutral)
Kotak Mahindra Bank: To divest 30.99% stake in Infina Finance. (Neutral)
🔶 Sector & Operational Updates
Tata Power: Gujarat approves supplementary PPA. (Positive)
Torrent Power: Acquires stake in Onix-One Enersol. (Neutral)
Elgi Equipments: Faces LPG supply constraints. (Neutral)
IFGL Refractories: Halts Kandla operations due to Middle East tensions. (Negative)
Avenue Supermarts: Expands store count to 466. (Positive)
City Union Bank: Expands branch network to 932. (Positive)
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.