2024-03-06 05:57:01
Stocks to watch-
JM Financial: The Reserve Bank of India directed the company to stop any form of financing against shares and debentures with immediate effect. This includes the sanction and disbursal of loans against the initial public offer of shares as well as against subscriptions to debentures.
JSW Energy: The company's step-down unit signed a battery energy storage purchase agreement with Solar Energy Corp. for 250 MW/500 MWh of battery energy storage systems. The company has signed an agreement for the first project out of the total awarded project capacity of 500 MW/1,000 MWh.
NHPC: The company started work on Jalaun Ultra Renewable Energy Power Park in Uttar Pradesh. The company's unit is to invest Rs 800 crore in a 1,200 MW renewable power park to be constructed in 24 months and generate 2,400 MU of electricity every year.
Wipro: The company acquired a 27% stake in B2B sales platform SDVerse LLC for $5.85 million in cash. The transaction will be completed before the end of March. General Motors, Magna, and Wipro have teamed up to develop SDVerse LLC.
Aditya Birla Fashion: Caladium Investment exercised the right to convert all 6.6 crore warrants into equity shares.
IRCTC: The company signed a MoU with Swiggy to provide pre-ordered meals via IRCTC e-Catering Services.
Sanghvi Movers: The board approved the incorporation of a wholly owned unit.
Sonata Software: The company will open a delivery centre in Poland to address the growing demands from its global clients.
Force Motors: The company produced 2,987 vehicle units for the month of February and sold 2,366 units domestically.
ONGC: The board approved an additional investment of Rs 99 crore in unit ONGC Green.
Indian Hotels: The company invested Rs 35 crore in its unit through the right issue.
Bharat Forge: The company had made an investment of Rs 179.9 crore in its unit, Bharat Forge Global Holding.
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