Stocks in News - 22 Sept 2021 1) Adani Ports: Indian authorit | Groww

Stocks in News - 22 Sept 2021

1) Adani Ports: Indian authorities had seized nearly 3000 kg of Afghan Heroin from two containers at the Mundra port, a port run by Adani Ports and SEZ.

Issuing a clarification, the Adani group mentioned that it is only the port operator and does not have the authority to check shipments arriving at the port.

2) Infosys: Infosys announced its collaboration with ServiceNow. The collaboration is focused on providing enterprise-level service management for customers in manufacturing industries.

3) Indiabulls Housing Finance: The company will raise $165 million by issuing foreign currency convertible bonds (FCCBs).

4) Adani Enterprises: Adani Enterprises will invest $20 billion over 10 years in the renewable energy supply chain, including power generation, manufacturing, transmission, and distribution, chairman Gautam Adani mentioned.

5) TCS: TCS has been named a Leader in the Everest Group PEAK Matrix for Autonomous, Connected, Electric and Shared (ACES) Mobility Automotive Engineering Services.

6) Vedanta: Vedanta’s proposed investment to expand the capacity of an aluminum smelter in Odisha has reportedly been turned down.

7) Kotak Mahindra Bank: The company will acquire a 9.98% stake in KFin Technologies Private Limited for a consideration of approximately Rs. 310 crore.

8) Adani Power: The Union coal ministry has decided to cancel the allotment of Jharkhand’s Jitpur coal mine to Adani Power.

The reason behind the cancellation is that the company could not operationalize the mine on time.

9) KEC International: The company announced that it has bagged orders worth Rs 1,157 crore across its various businesses.
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