Stock Market Snapshot 25 June 2024

UltraTech Cement making a partial cash offer for acquiring 158,049,610 shares, representing 31.6% of the share capital of ‘Ras Al Khaimah Co.for White Cement and Construction Materials PSC’.

Trent Ltd – Westside collaborates with designer duo ‘Saaksha & Kinni’ for an exclusive home décor Collection titled “Honey I’m Home 2.0”.

USFDA issues an Establishment Inspection Report (EIR) for Alkemlab’s manufacturing facility in Baddi. The Inspection has been classified as Voluntary Action Indicated (VAi).

Cipla: USFDA inspection at Cipla’s manufacturing Unit in Patalganga, Maharashtra classified as Voluntary Action Indicated.

JSW Steel USA, Inc. a subsidiary of JSW Steel Ltd plans to invest US $11O million in steel plate mill modernization projects with sustainable technology and state of the art equipments within its manufacturing facilities in Baytown,Texas.

Shree Cement announced achieving installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh.

Shree Cement announced achieving installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit.

Eastern Coalfields, a subsidiary of the Coal India, Likely has commenced its first-ever pilot project for Underground coal gasification in Jharkhand.

Tata Power Company likely plans to augment power supply to the Mumbai region by up to 600 MW soon by upgrading a few 110-KV transmission Lines to 220 KV,amplifying and doubling the capacity to wheel power to the region.

Bandhan Bank Limited – Reserve Bank of India , appointed Shri Arun Kumar Singh,Chief General Manager (retired),Reserve Bank of India, as an Additional Director on the Board of Bandhan Bank Limited.

Zee Entertainment Enterprises Limited – Zee Media Kenya Limited, a wholly owned step-down subsidiary company of the Company has been incorporated in Kenya.

Maruti Suzuki India has received a Show Cause Notice (SCN) issued by GST Department, Gujarat on account of input tax credit denial on certain services. The total demand amount mentioned in SCN is 53.96 million.

Allcargo Gati to raise upto Rs 200 crore through QIP; Floor price set at Rs 106.07/share.

Spandana Sphoorty Financial: India Ratings Upgrades Spandana Sphoorty Financial’s NCDs and Bank Loans to ‘IND A+/Stable”.

Subex recognized in the 2024 Gartner® Magic Quadrant for Al in CSP Customer and Business Operations Report.

Avenue Supermarts has opened a new store at Suncity, Hyderabad (Telangana). The total number Of stores as on date stands at 371.

Astec Lifesciences: Mr. Subhash Prabhakar Gunjal, Deputy General Manager – Environment, Health and Safety has tendered his resignation,due to personal reasons.

Adani Ports and SEZ (APSEZ) has demonstrated its leadership on investors engagement by making it to the honour list of the Institutional Investor Asia Pacific (ex-Japan) Executive Team Survey. In the transportation sector,APSEZ is the only Indian company to feature on the list, coming in at 2nd rank.

NllT Learning Systems Ltd has been named to the 2024 Top 20 Companies in Learning Services by Training Industry, Inc.

Shalby terminates the Franchise Agreement with Madhuban Orthopedic and Multispecialty Surgical Hospital Pvt Ltd,Udaipur due to breach of various Terms & conditions of the agreement by the Franchisee.

Amara Raja has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co Ltd. As part of the agreement GIB EnergyX will license Gotion’s world class LFP technology for lithium-ion cells to Amara Raja.

Sun Pharmaceutical Industries Limited (together With its subsidiaries and/or associated companies) Has successfully completed the merger of Taro Pharmaceutical Industries Ltd with its subsidiary.

Restaurant Brands Asia has subscribed to 40,000 redeemable cumulative non-convertible preference I shares at a nominal value of IDR 1 million per share For an aggregate amount of IDR 40 billion.