Stock Market Snapshot 19 June 2024

HCLTech and Tecnotree announced a strategic partnership to co-develop advanced 5G-led generative Al (GenAI) solutions for the global telecom industry.

Tata Motors announced that it will increase the price of its commercial vehicles effective 1st July 2024, up to 2%. The price increase is to offset the impact Of rising commodity prices.

Aditya Birla Digital Fashion Ventures Limited (ABDFVL), a wholly owned subsidiary of Aditya Birla Fashion and Retail, has executed a Binding Offer Letter with Universal Sportsbiz Private Limited.

Siemens and ABB both the companies will be among some of the biggest beneficiaries of power consumption driven by data-centre capacity additions being done in India and across the world.

Cipla said it will likely invest an additional 3 million euros in Germany-based Ethris, that’s developing potential therapies against respiratory diseases based on its proprietary mRNA technology platform.

Nestle India has delivered over 6 billion servings of instant noodle brand Maggi and 4.2 billion fingers of chocolate wafer brand KitKat to consumers in 2023-24.

NMDC likely announced the opening of its new State-of-the-art research and development centre Spread over 8 acres in Patancheru, Hyderabad.

Tata Power Company subsidiary Tata Power Renewable Energy likely has deployed over 850 electric vehicle charging points in key metropolitan areas.

Craftsman Automation launches Rs 1,200 crore QIP issue; floor price set at Rs 4,426.11/share.

Tata Motors: Jaguar Land Rover Ltd and Chery Automobile Company Ltd announce new value creating model of collaboration for next era of electrification in China.

Kotak Mahindra Bank: Zurich Insurance Company Ltd has completed the acquisition of 70% of the Share capital of Kotak General Insurance Company Ltd.

Apeejay Surrendra Park Hotels Ltd announces the Signing of a new hotel under the brand name THE Park in the foothills of Nainital, Uttarakhand.

Netweb Technologies has unveiled New AMD based Make-in-India Servers for Data Centers Al Systems.

BHEL: CARE has reaffirmed the ratings for Long Term and Short Term Bank Facilities at ‘CARE AA- ; Stable’ and ‘CARE A 1+’ respectively.

Ami Organics launches Rs 500 crore QIP; floor price Set at Rs 1,228.71/share.

Bharat Forge has on June 18, 2024 made an additional investment of USD 40 million in Bharat Forge America Inc. (“BFA”) a wholly owned subsidiary of the Company.

PDS’ wholly owned subsidiary Multinational Textile Group Limited, a Company incorporated under the Laws of Mauritius (MTGL) has entered into a Share Purchase Agreement with Mr. Abhinav Gupta for a proposed sale of entire equity stake held by MTGL in Blueprint Design Limited, a step-down subsidiary of the Company, incorporated under the laws of Hong Kong .

Tata Technologies collaborates with Microsoft and Tata Motors to drive innovation with the lnnoVent hackathon for engineering students, focused on Generative Al.

Electronics Mart India Ltd has commenced the commercial operations of a new Multi Brand Store under the brand name ‘BAJAJ ELECTRONICS’ at Tanuku, Andhra Pradesh.