*Stocks To Watch:* *SBI Life Insurance:* Insurance regulator | DK Technical Analysis by Dhananjay Kadam
*Stocks To Watch:*
*SBI Life Insurance:* Insurance regulator IRDAI approved transfer of life insurance business of Sahara India Life Insurance Co. to SBI Life, with immediate effect.
*Indian Overseas Bank:* The Reserve Bank of India imposed a monetary penalty pf Rs 2.20 crore on the bank over regulatory non-compliance.
*Tech Mahindra:* The company’s subsidiary Comviva Technologies and step-down subsidiary Comviva Technologies B.V. have agreed to sell 0.04% and 99.96% shareholding, respectively in Comviva Technologies do Brasil Indústria, Comércio, Importação e Exportação to Druid Internet Systems Comércio E Serviços for an upfront payment of $20,000 and deferred payment of $1.42 million.
*Tata Chemicals:* The company signed an MoU with the Government of Gujarat to set up a 20 GW capacity lithium-ion cell manufacturing giga factory with an investment of Rs 13,000 crore, the state government said in a statement. The company will reorganise its U.S. operations to rationalise the number of intermediate entities.
*Dish TV:* The company cancelled the extraordinary general meeting scheduled on June 9 after the resignation of Zohra Chatterji from the position of non-executive independent director.
*Zydus Lifesciences:* The U.S. FDA inspection of the company’s animal health drug manufacturing facility at SEZ, Ahmedabad was closed with nil observations.
*NTPC:* The company declared on commercial operation the fifth and last part of 300 MW Nokhra solar PV project of NTPC Green Energy at Bikaner, Rajasthan with 50 MW capacity.
*Godrej Properties:* The company bought the remaining 26% stake in Godrej Home Constructions for Rs 14.99 crore, taking its total shareholding to 100%.
*Minda Corporation:* The company will raise Rs 600 crore through further issuance of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or any of the permissible modes.
*Mahindra Lifespace Developers:* Japan-based Omron Healthcare will start operations at Origins by Mahindra industrial cluster in Chennai by March 2025.
*PI Industries:* The company completed acquisition of 100% stake of Therachem Research Medilab (India) and Solis Pharmachem, as well as acquisition of certain identified assets of TRM U.S. by PI Health Sciences U.S.A.
*Greenply Industries:* The company approved disposal of Greenply Industries (Myanmar) assets due to difficulty in continuing its operation on account of political developments resulting in adverse business environment in Myanmar.
*Lemon Tree Hotels:* The company started two hotels in Agra and Bhopal, that will be managed by its subsidiary Carnation Hotels.
*Bulk Deals*
*Jtekt India:* Malabar India Fund sold 22.05 lakh shares (0.90%) at Rs 125.03 apiece.
*Trading Tweaks*
*Price Band Revised From 20% To 10%:* Hardwyn India
*Ex-Date Bonus Issue:* Hardwyn India
*Record Date Bonus Issue:* Hardwyn India
*Ex-Date Stock Split:* Hardwyn India
*Record Date Stock Split:* Hardwyn India
*Ex-Date Interim Dividend:* Shyam Metalics and Energy
*Record Date Interim Dividend:* Shyam Metalics and Energy
*Move Into Short-Term ASM Framework:* Hindware Home Innovation, Inox Wind Energy, Hardwyn India.
*Move Out of Short-Term ASM Framework:* Optiemus Infracom, Nucleus Software Exports
*Insider Trades*
*Mukand:* Promoter group Baroda Industries bought 49,852 shares between May 30-31.
*Greaves Cotton:* Promoter Karun Carpets bought one lakh shares on June 1.
*Som Distilleries & Breweries:* Promoter Deepak Arora bought 10,000 shares on June 2.
*Usha Martin:* Promoter Peterhouse Investments sold one lakh on May 31.
*Advanced Enzyme Technologies:* Promoter group Rasika Vasant Rathi bought 10,000 shares on May 29.
*Pricol:* Promoter group Pricol Engineering Industries bought 16.82 lakh shares betweem May 31-June 2.
*PSP Projects:* Promoter & Director Prahaladbhai S. Patel bought 25,000 shares May 30.
*Star Cements:* Promoter Group Rahul Chamaria sold 5,023 shares and Sachin Chamaria sold 5,057 shares on May 30.
