Buzzing Stocks : ITC, HDFC Bank, Bajaj Finance, AU SFB, Nykaa, HG Infra, Brigade Enterprises, NTPC Green, Marico, Bank of Baroda in focus on 6 January.
ICICI Bank : The bank has received an order from the Maharashtra Goods and Services Tax (GST) Department, raising a GST demand and penalty of Rs 100.76 crore. The bank will take appropriate steps, including contesting the order through an appeal within the prescribed timelines.
NTPC Green Energy : The company's subsidiary, NTPC Renewable Energy, has emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation (UPPCL). NTPC Renewable Energy secured a capacity of 1,000 MW at a tariff of Rs 2.56 per kWh. Additionally, NTPC UP Green Energy has been incorporated as a 51:49 joint venture of NTPC Green Energy and Uttar Pradesh Rajya Vidyut Utpadan Nigam.
Capital Small Finance Bank : The Reserve Bank of India has granted its approval to HDFC Bank and its group entities to acquire up to 9.50% of the paid-up share capital of Capital Small Finance Bank. This approval is valid for one year from the date of the said letter.
AU Small Finance Bank : The Reserve Bank of India has given its approval to HDFC Bank and its group entities to acquire up to 9.50% of the paid-up share capital in AU Small Finance Bank within one year from the date of the RBI approval letter.
Kotak Mahindra Bank : Milind Nagnur has resigned as Chief Operating Officer and Chief Technology Officer of the bank, effective February 15, 2025. Additionally, the Reserve Bank of India has given its approval to HDFC Bank and its group entities to acquire up to 9.50% of the share capital in Kotak Mahindra Bank. The said approval is valid for a period of one year from the date of RBI’s letter, i.e., until January 2, 2026.
JSW Infrastructure : The company has entered into a concession agreement with Railway Administration (Northern Railway).
Deep Industries : The company has received a Letter of Award from Oil and Natural Gas Corporation for the charter hiring of one 100MT workover rig for seven years for the Assam asset. The total estimated value of the said award is Rs 90.70 crore.
Brigade Enterprises : The company, through its subsidiary Ananthay Properties, has signed a definitive agreement for a land parcel worth Rs 630 crore in Bengaluru for developing a residential project spanning about 20 acres. The project will have a total saleable area of 2.5 million square feet, with a gross development value (GDV) of about Rs 2,700 crore.
HG Infra Engineering : The company has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam for setting up a 250 MW/500 MWh standalone battery energy storage system in Gujarat.
Raymond Lifestyle : Vinod Salvi has resigned as Chief Business Officer – Raymond Home of the company, effective January 3.
Quess Corp : The company has received an income tax refund, including interest, of Rs 124.80 crore for FY24.
Persistent Systems : Ankur Saxena has been appointed as the Chief Process Transformation Officer (CPTO) of the company, effective January 3.
Nagarjuna Fertilizers and Chemicals : Sudhakar Rao Annam has resigned as Chief Financial Officer of the company, effective January 4. However, the Board has appointed Srirama Raju Kapalli as the new Chief Financial Officer.
Tata Elxsi : The company will collaborate with Qualcomm to develop a virtual electronic control unit (ECU) platform for automakers and Tier-1 suppliers, using Snapdragon virtual system-on-chips (VSoCs) for the next generation of mobility solutions for passenger, commercial, and off-highway vehicle segments.
Tamilnad Mercantile Bank : The bank has launched a Global NRI Center (GNC) at its Thoothukudi headquarters, strengthening services for NRI customers.
ISGEC Heavy Engineering : Sanjay Kumar Gharde has resigned as Chief Information Officer of the company, effective January 3.
Rama Phosphates : Shareholders have approved the sub-division of the existing one equity share of the company (with a face value of Rs 10 each) into two equity shares (with a face value of Rs 5 each).
Andhra Paper : Operations of the manufacturing plant at Rajahmundry have been disrupted due to a strike by workers called by the Workers Trade Unions, effective January 3. The company management is in discussion with the concerned trade unions to resolve the issue amicably as soon as possible. Trade unions are demanding a higher revision in wages in the forthcoming wage settlement with the management. The loss of production per day due to the strike is approximately 510 MT.
Premier Explosives : The company has reported a fire accident on January 4 in the factory at Peddakandukur, Telangana. The fire has resulted in damage to buildings and equipment in one of the pyrotechnic manufacturing facilities. The incident has led to the loss of life of one person and severe injuries to another, who has been shifted to a hospital in Hyderabad for treatment. The damaged assets were fully insured.
Gujarat Toolroom : North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund sold a 4.3% stake in the company at an average price of Rs 18.98 per share, valued at Rs 18.98 crore. North Star Opportunities Fund had held a 7.75% stake in the company as of December 20, 2024.
F&O Ban : Manappuram Finance, RBL Bank.
