Stock to Watch Today - Rupeedesk Reports - 11.09.2024
Stock to Watch Today - Rupeedesk Reports
Buzzing Stocks : JSW Energy, IndiGo, Oil India, Genus Power and IREDA stocks in focus.
JSW Energy Limited : The Office of the Principal Commissioner, CGST and Central Excise, Kolkata, has imposed a penalty of Rs 54.99 lakh on the company for allegedly incorrectly availing input tax credit (ITC) during the financial year 2019-20.
Izmo Limited : Izmo Limited, specializing in automotive software solutions, has launched izmo Microsystems, a subsidiary focused on semiconductor packaging and manufacturing in Bangalore.
IREDA : The International Financial Services Centre Authority (IFSCA) granted provisional registration to IREDA Global Green Energy Finance IFSC Limited, a wholly-owned subsidiary of IREDA Ltd, as a finance company at Gift City on September 4.
Reliance Industries : Reliance Retail Ventures Limited and Delta Galil Industries have entered a strategic partnership in India. Through the joint venture with Reliance Retail, Delta Galil will expand its presence in India and establish an apparel innovation platform focused on the Indian market.
Bhageria Industries Limited : Bhageria Industries Limited has received a Show Cause Cum Demand Notice from the Commissioner of CGST, Palghar, alleging a tax demand of Rs 2.09 crore. The company plans to file an appeal before the Commissioner (Appeals) against the order before the due date.
Genus : The company has established two wholly-owned step-down subsidiaries on September 10, 2024. The new subsidiaries are Genus Shekhawati Smart Metering Solutions SPV Private Limited and Genus Marwar Smart Metering Solutions SPV Private Limited.
Ashoka Buildcon : The company has sold its 90% stake in ABL Indira Projects JV LLP, a joint venture with Indira Projects & Development (Tamil Nadu) Private Limited, for a Maldives project. The stake was sold for Rs 5.44 crore, and payment has been received.
Astra Microwave Products : The company has signed a Memorandum of Understanding (MoU) with Premier Explosives Limited, Hyderabad, for a strategic alliance to develop and sell multiple products jointly.
Oil India : A Memorandum of Understanding (MoU) was signed on September 10, 2024, between OIL, OVL & KABIL and International Resources Holding RSC Ltd. (IRH), UAE, for global cooperation in critical mineral supply chains.
Yes Bank : The Board of Directors has approved the appointment of Mr. Manish Jain, Country Head - Wholesale Banking, as an Additional Director and Executive Director (Whole-Time Director) for three years.
Medplus : Optival Health Solutions Private Limited, a subsidiary of Medplus, has received two suspension orders for drug licenses at its Bangalore stores.
UCO Bank : The bank’s Asset Liability Management Committee (ALCO) has revised the MCLR and TBLR rates, effective September 11, 2024. The new MCLR rates are 8.20 percent for overnight, 8.40 percent for one month, 8.55 percent for three months, 8.85 percent for six months, and 9.00 percent for one year. TBLR rates are 6.60 percent for three months, 6.70 percent for six months, and 6.75 percent for twelve months. The Repo Linked Rate is 9.30 percent, Base Rate is 9.60 percent, and BPLR is 14.25 percent. Other benchmark rates remain unchanged.
Dixon Technologies : The Competition Commission of India (CCI) has approved the agreement with Aditya Infotech Limited (AIL) to acquire 6.5 percent of its equity by transferring 95 lakh shares from the JV Company.
Indigo : The Bureau of Civil Aviation Security (BCAS) has reduced the Rs 1.2 crore penalty on the company to Rs 70 lakh following an appeal. The reduced penalty has been paid on September 10, 2024.
Sun Pharmaceutical : The company received adjudication orders from the Regional Director, North Western Region, Ministry of Corporate Affairs. The total penalty is Rs 10.7 lakh, with Rs 6.05 lakh on the company and Rs 1.55 lakh each on Mr. Dilip Shanghvi, Mr. Sailesh Desai, and Mr. Sudhir Valia. The violations include non-filing of Form MGT-14 in FY 2014-15 for board approval of revised financial statements under a High Court order.
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