Buzzing Stocks : Tata Motors, Maruti Suzuki, CSB Bank, South Indian Bank, RailTel Corp, NMDC in focus on 2 January.
RailTel Corporation of India : The company has received a work order worth Rs 78.43 crore from Bharat Coking Coal. It will provide integrated IT-based security infrastructure along with various types of services.
NMDC : The company's iron ore production increased by 5.1% YoY to 4.71 million tonnes (MT) in December 2024, compared to 4.48 MT in the same month the previous year. However, iron ore sales fell by 6.7% to 3.91 MT from 4.19 MT during the same period.
Ambuja Cements : The company received an observation letter with ‘no adverse observations’ from the BSE and a ‘no objection’ from the National Stock Exchange of India on January 1, regarding the Scheme of Amalgamation between Adani Cementation and the company.
Ugro Capital : The company has entered into a Share Purchase Agreement and Shareholders’ Agreement for the acquisition of shares in “MyShubhLife” (Datasigns Technologies), an embedded finance fintech platform based in Bangalore, from its existing shareholders. Completion of the acquisition is subject to the satisfaction of certain conditions.
Maruti Suzuki India : The company announced the production of 1,57,654 vehicles in December 2024, a 30.3% increase compared to 1,21,028 vehicles produced in the same month last year.
Ind-Swift Laboratories : The company has completed the purchase of land measuring 40 bighas at Derabassi, Punjab, for Rs 17.72 crore. The land will be utilized to set up a new formulations facility.
Deepak Spinners : Punam Chand Sharma has resigned as the Chief Financial Officer of the company, effective January 1.
Ashoka Metcast : Dipak Pandit Nikam has resigned from the position of Chief Financial Officer of the company, effective January 1, due to personal reasons.
The Ruby Mills : The company has entered into a loan agreement of Rs 250 crore with Union Bank of India.
Goa Carbon : The company has resumed operations at its Bilaspur unit in Chhattisgarh, and production has been normalized as of January 1.
Indian Bank : Shanti Lal Jain ceased to be the Managing Director and CEO of the bank, effective January 1, upon superannuation.
Responsive Industries : Brenzett sold a 0.75% stake in the company at an average price of Rs 249.02 per share.
RNFI Services : Chartered Finance & Leasing, backed by ace investor Madhusudan Kela, sold a 1% stake in the company at an average price of Rs 207.48 per share.
Gujarat Toolroom : Bridge India Fund sold a 3.01% stake in the company at an average price of Rs 17.22 per share.
