Buzzing Stocks : GAIL, HDFC Life, RVNL, Azad Engineering, Happiest Minds, Punjab & Sind Bank, Rashi Peripherals, CEAT in focus on 16 January.
Results Today : Reliance Industries, Infosys, Axis Bank, LTIMindtree, Alok Industries, Havells India, Bhansali Engineering Polymers, D B Corp, Hatsun Agro Product, Kesoram Industries, Mastek, Metro Brands, Mudra Financial Services, Plastiblends India, Shemaroo Entertainment, Spencers Retail, Sterling and Wilson Renewable Energy, and Waaree Renewable Technologies will release quarterly earnings scorecard on January 16.
Rail Vikas Nigam (RVNL) : RVNL has received a letter of acceptance for an order worth Rs 3,622 crore from Bharat Sanchar Nigam Limited (BSNL) for the development (creation, upgradation, and operation & maintenance) of the Middle Mile network of BharatNet under the Design, Build, Operate, and Maintain (DBOM) model.
GAIL India : The company has entered into a settlement agreement with SEFE Marketing & Trading Singapore Pte Ltd. The terms of the agreement include a payment of $285 million by SEFE Marketing & Trading Singapore to GAIL, along with the withdrawal of arbitration proceedings before the London Court of International Arbitration.
Azad Engineering : The company has signed a long-term supply agreement with GE Vernova International LLC, USA, for the supply of highly engineered, complex rotating and stationary airfoils for advanced gas turbine engines to meet the global demand in the power generation industry. This current phase of the contract is valued at $112 million (approximately Rs 960 crore).
Happiest Minds Technologies : The company announced a collaboration with Coca-Cola Beverages Vietnam to deploy an innovative GenAI conversational interface.
Exide Industries : The company has invested Rs 150 crore in its subsidiary, Exide Energy Solutions, via the subscription of equity share capital on a rights basis. With this investment, the total investment made by the company in Exide Energy Solutions stands at Rs 3,302.23 crore. There is no change in the shareholding percentage of the company in Exide Energy Solutions due to this acquisition.
Rashi Peripherals : The company has announced its intent to acquire a 70% equity stake in Satcom Infotech, a distributor specializing in cybersecurity solutions.
Dhampur Bio Organics : Rajiv Kumar has resigned as Vice President - Cane of the company, effective January 15, due to personal reasons.
Puravankara : Following the onboarding of the Group CFO, Abhishek Kapoor has resigned as Group CFO (Additional Charge) of the company, effective January 15.
Gland Pharma : Shyamakant Giri assumed the position of Chief Executive Officer of the company, effective January 16. Srinivas Sadu will continue to serve as the Executive Chairman and support the company’s next phase of growth.
RBL Bank : The Board has approved the appointment of Soma Sankara Prasad as (Additional) Non-Executive Independent Director of RBL Bank for a period of four years, effective January 15. Soma Sankara Prasad previously led UCO Bank as its MD & CEO.
Swiggy : The Ministry of Corporate Affairs has approved the incorporation of Swiggy Sports, a wholly owned subsidiary of the company.
Man Industries (India) : The Board will meet on January 18 to consider fundraising via the issue of securities on a preferential basis.
Indian Railway Finance Corporation (IRFC) : IRFC has signed a lease agreement with NTPC for eight BOBR rakes amounting to Rs 250 crore in the first phase. The IRFC Board had approved financing for 20 BOBR rakes procured under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways to NTPC for up to Rs 700 crore on a finance lease basis in October 2024.
Nureca : Copthall Mauritius Investment purchased a 1.16% stake in the company at an average price of Rs 401.94 per share.
One Mobikwik Systems : Quant Mutual Fund Small Cap Fund sold a 0.84% stake in Mobikwik at an average price of Rs 513.57 per share, amounting to Rs 33.4 crore. Additionally, SSPL Securities offloaded a 0.51% stake at an average price of Rs 497.16 per share, valued at Rs 19.88 crore.
F&O Ban : Aditya Birla Fashion & Retail, Kalyan Jewellers, Manappuram Finance, Aarti Industries, Angel One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank.
