Buzzing Stocks : Premier Energies, Welspun Corp, Optiemus Infracom, Morepen Labs, IRFC, Sula Vineyards, Shoppers Stop in focus on 15 January.
Results Today : HDFC Life Insurance Company, L&T Technology Services, Aeroflex Industries, CEAT, Bank of Maharashtra, Mahindra EPC Irrigation, NELCO, Oracle Financial Services Software, Oriental Hotels, Punjab & Sind Bank, Reliance Industrial Infrastructure, TCI Industries, and Transrail Lighting will release their quarterly earnings scorecard on January 15.
Indian Railway Finance Corporation (IRFC) : IRFC has emerged as the L1 bidder for financing Rs 3,167 crore for the development of the Banhardih coal block in Latehar District, Jharkhand. This project is being undertaken by Patratu Vidyut Utpadan Nigam (PVUNL), a joint venture between NTPC (74% equity stake) and Jharkhand Bijli Vitran Nigam (26% equity stake). The Banhardih Coal Block has been allocated to PVUNL as a captive coal source.
Morepen Laboratories : The Board has approved the hiving off the medical devices business of the company to Morepen Medtech, a subsidiary of the company, on a slump sale basis as a going concern. This hiving off is subject to the receipt of the requisite regulatory approvals.
Jammu & Kashmir Bank : The lender has received an administrative warning letter from SEBI for non-compliance with regulations pertaining to the appointment of Amitava Chatterjee as MD & CEO of the bank.
Adani Green Energy : The company's subsidiary, Adani Renewable Energy Forty Eight, has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With the commissioning of this plant, the company's total operational renewable generation capacity has increased to 11,666.1 MW.
Jaiprakash Associates : The National Asset Reconstruction Company (NARCL) has emerged as the sole bidder to acquire Jaiprakash Associates' loans, valued at Rs 12,000 crore, from its lenders, reports CNBC-TV18, quoting sources. According to sources, no other bidders participated in the Swiss Challenge Auction conducted on January 14.
Allcargo Gati : The total volume for December 2024, including surface and air express, stood at 1.13 lakh tonnes, rising 7.6% compared to 1.05 lakh tonnes during December 2023 and up 10.8% compared to 1.02 lakh tonnes in November 2024.
BSE : SEBI has approved the re-appointment of Subhasis Chaudhuri as Public Interest Director on the board of BSE for a further period of three years, effective May 19, 2025.
Optiemus Infracom : The company's subsidiary, Optiemus Unmanned Systems, announced its partnership with KunWay Technology, a Taiwan-based drone manufacturing company, to manufacture their wide range of drones in India. Optiemus Unmanned Systems will be selling, manufacturing, and localizing some of the shortlisted products for the Indian market.
Innova Captab : The pharmaceutical company has announced the commencement of commercial production at its manufacturing facility in Kathua, Jammu. The facility comprises four dedicated manufacturing blocks: General, Cephalosporin, Penicillin, and Penum. With this expansion, the company now has a total of five manufacturing facilities with nine independent manufacturing blocks.
Escorts Kubota : The Delhi High Court has dismissed the appeal filed by the Income Tax Department against the company for the Assessment Year 1986-87. As a result, the tax implication is reduced by Rs 0.84 crore.
McNally Bharat Engineering Company : The Board has appointed Partha Sarathi Bhattacharyya as Chairman of the company, effective January 14.
Vedanta : The company has received an order from the Deputy Commissioner of State Tax, Udaipur, confirming a penalty of Rs 92.55 crore along with a tax demand and applicable interest for FY19 & FY20. The issue pertains to a dispute over Input Tax Credit.
Mahanagar Telephone Nigam : The Department of Telecommunications has extended the additional charge of the post of CMD, MTNL, assigned to A. Robert J. Ravi, for a further period of three months, effective January 15. A. Robert J. Ravi is the CMD of BSNL.
Gujarat Hotels : Abhishek Kanodia has resigned as Chief Financial Officer of the company, effective March 6, to pursue an alternate career opportunity.
Premier Energies : The company's subsidiaries Premier Energies Global Environment, Premier Energies International, and Premier Energies Photovoltaic have received multiple orders worth Rs 1,460 crore from two large independent power producers (IPP) and others. These orders include Rs 1,041 crore for solar modules and Rs 419 crore for solar cells. The supply of these modules is scheduled to commence in May 2025.
Welspun Corp : The company has signed an MoU with Saudi Aramco for strategic cooperation to establish LSAW line pipe manufacturing capacity in the Kingdom of Saudi Arabia. The production capacity of this plant will be 350,000 MT per annum.
Indiabulls Enterprises : The company has launched a residential project, Indiabulls Estate & Club-I, in Gurugram. The project will consist of three residential towers, comprising 387 units. Bookings for the project commenced on January 14.
Techknowgreen Solutions : The company has received a work order worth Rs 3.13 crore from Gargantuan Industrial Space Solutions.
Delta Autocorp : HDFC Bank, Ishaan Tradefin LLP, Rohan Gupta, Mansi Share and Stock Advisors, and Aarth.AIF bought 6.07 lakh shares in the electric vehicle maker for Rs 10.65 crore.
Home First Finance Company India : Norges Bank, on behalf of the Government Pension Fund Global, sold a 0.8% stake in Home First at an average price of Rs 1,023.28 per share, valued at Rs 76.77 crore.
BR Goyal Infrastructure : NAV Capital VCC - NAV Capital Emerging Star Fund, Aarth.AIF, Mavira Growth Opportunities Fund, Finavenue Growth Fund, Yuga Stocks and Commodities, and Negen Undiscovered Value Fund bought 9.97 lakh shares in BR Goyal for Rs 13.83 crore.
F&O Ban : Angel One, Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank.
