Stock Market Snapshot 28 June 2024

GE Power India bags two orders of Rs 6 crore each From NTPC Ltd and Maharashtra State Power Generation Company Ltd respectively.

Bharat Heavy Electricals likely has bagged a 133 billion order from Damodar Valley Corp to set up a 1600 MW thermal power plant in Koderma in Jharkhand.

The India Cements likely Is in advanced talks with Bank of America and Nomura to raise up to 5 billion through bonds, with each investing 2.50 billion.

Reliance Industries: Reliance Retail Ventures likely injected 7.92 billion into its fast moving consumer Goods business, Reliance Consumer Products, in 2023-24 through debentures.

Infosys BPM,the business process management arm of Infosys is pleased to announce the inauguration of its second facility at the Montana Industrial Park in Aguadilla, Puerto Rico.

Piramal Enterprises Limited – S&P Global Ratings assigned ‘BB-‘ long-term and ‘B’ short-term issuer credit ratings. The outlook on the long-term rating is stable.

Reliance Industries Limited – Reliance owned­ Jio announced that the tariff will be hiked by 12.5 to 25 per cent along with the launch of new Plans. The revised plans will come into effect from July 3, 2024.

AU Small Finance Bank approved borrowing/raising Of funds for an amount not exceeding 6,000 Crore By issue of debt instruments.

Sun Pharmaceutical Industries Limited :Jt. Commissioner,CGST and Central Excise, Mumbai levied a penalty of Rs. 39,35,52,263 on the tax demanded.

VE Commercial Vehicles Limited, a subsidiary of Eicher Motors Limited has entered into a Joint Venture Agreement with iTriangle lnfotech Private Limited.

Indusind Bank – lnduslnd Bank roots for MSME growth and success with focused banking initiatives. The Bank offers a plethora of tailored banking solutions to support the MSMEs.

Bharti Airtel will revises its mobile tariffs from July 3rd, 2024.

KPI Green Energy has received a final sanction letter for credit facilities amounting to Rs. 686 crores for the development of a 200 MWAC (240 MWDC) Solar Photovoltaic Power Project (‘Project’) in Khavda, Kutch District.

Uno Minda Limited has raised Rs 100 crore through Commercial Paper.

JSW Infrastructure has agreed to acquire 70.37% shareholding held by Promoters and Promoter Group in Navkar Corporation Limited.

Authum Investment: The Board has approved appointment of Mr. Bittu Upadhyaya as the Chief Information Officer with effect from June 27,2024.

Raymond: The Board has approved the re- appointment of Mr. Gautam Hari Singhania as Managing Director for a term of five years effective From July 1,2024.

Wipro: The merger of Designit North America, Inc., (step-down subsidiary) with Wipro Designit Services, Inc. (stepdown subsidiary) is completed and is effective from July 1, 2024.

GIC Housing Finance: Shri Vishal Kasliwal has been appointed as the Chief Risk Officer of the Company w.e.f June 28, 2024 for a period of 3 years.

Wipro: Attune Australia Pty Ltd, stepdown Subsidiary of the company, has been voluntarily de- Registered with effect from June 26, 2024.

Rail Vikas Nigam Ltd has incorporated a subsidiary company “RVNL MIDDLE EAST CONTRACTING L.L.C” in DUBAI.

Brigade Group launches Brigade Insignia in North Bengaluru with a revenue potential of Rs 1,100 crore.

State Bank of India has raised Rs 10,000 crore through Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Bonds in the nature of debentures of face value Rs 1 lakh each at a coupon of 7.36%.

Adani Enterprises: Adani Cementation Ltd (ACL, wholly owned subsidiary) has approved a proposed Scheme of Amalgamation for amalgamation of ACL with Ambuja Cements Ltd.

NBCC: The Board has appointed Shri Saleem Ahmad,(Whole-time Director, NBCC) as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from July 1, 2024.

Jubilant lngrevia has received Establishment Inspection report (EIR) from US FDA with Zero 483 inspectional observations for its manufacturing facility, Unit -1 located at Bharuch,Gujarat, India.

Globus Spirits unveils two new brands across whisky and vodka in Uttar Pradesh.

Infosys Finacle and Qorus, a global association of banks and insurance companies, announced their collaboration to host the 11th edition of the Qorus­ lnfosys Finacle Banking Innovation Awards.