Buzzing Stocks : HCL Tech, EaseMyTrip, SG Finserve, GNFC, SEAMEC, Garden Reach Shipbuilders, RVNL, Restaurant Brands Asia in focus on 25 March.
HCL Technologies : The technology company has announced a strategic partnership with Western Union to drive innovation and transformation in the financial services industry. Both companies will establish an advanced technology center in Hyderabad, India, which will further enhance Western Union's global technology capabilities and create new opportunities for innovation and talent development.
Central Bank of India : The public sector lender has opened its Qualified Institutions Placement (QIP) on March 24. The Board has approved a floor price of Rs 42.62 per share.
Punjab & Sind Bank : The bank has launched its QIP on March 24. The Board has approved a floor price of Rs 40.38 per share.
UCO Bank : The PSU bank has opened its QIP issue on March 24, with a floor price of Rs 36.07 per share.
Rail Vikas Nigam : The company has emerged as the lowest bidder for a Central Railway project worth Rs 115.79 crore. The project involves OHE modification work for the upgradation of the existing 1x25 KV electric traction system to 2x25 KV at the feeding system in the Itarsi-Amla section in the Nagpur division of Central Railway to meet the 3000 MT loading target.
Restaurant Brands Asia : The company has opened its QIP issue on March 24, with a floor price of Rs 62.32 per share. According to CNBC-TV18, quoting sources, the base issue size is Rs 400 crore, which may increase up to Rs 500 crore.
Garden Reach Shipbuilders and Engineers (GRSE) : The company has signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany, for the construction and delivery of the 7th and 8th multi-purpose vessels (MPV) of 7,500 DWT in Hamburg, Germany. This contract aligns with the ‘Option Agreement’ signed between both parties for the procurement of four additional MPVs from GRSE. The shipyard will build a total of eight vessels (08) at an order value of 108 MUSD.
SEAMEC : Larsen and Toubro has awarded a Letter of Award to the consortium of SEAMEC and Posh India Offshore for subsea installation works for the DUDP & PRPVIII (including MUT scope) projects of ONGC. The work will be completed by May 2026.
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) : The company entered into an agreement with thyssenkrupp Udhe India (TKUIPL) for the supply of a Weak Nitric Acid-III plant on an LEPC basis. TKUIPL has a tie-up with its parent company thyssenkrupp Uhde for the supply of Process knowhow and License for the Weak Nitric Acid-III plant.
Brigade Enterprises : The real estate company has acquired a 4.4-acre land parcel in East Bengaluru for the development of a residential project with a total development potential of 0.6 million square feet and a gross development value of approximately Rs 950 crore.
Wipro : The technology services and consulting company announced AI-driven autonomous agents for Agentforce to revolutionize experiences for patients, providers, payers, and healthcare companies while easing the heavy administrative burden across the healthcare industry.
TTK Prestige : T T Jagannathan has decided to step down as Non-Executive Chairman and Director of the company, effective March 24. T T Raghunathan will succeed T T Jagannathan as Non-Executive Chairman of the company, effective March 25. Currently, T T Raghunathan is the Vice-Chairman and Non-Executive Director of the company.
Sterling and Wilson Renewable Energy : Ajit Pratap Singh has joined the company as the Chief Financial Officer, effective March 24. Further, Sandeep Mathew has ceased to be the interim CFO of the company and will continue with his role as Head of Investor Relations.
Easy Trip Planners : The company has received in-principle Board approval to acquire a 49% stake in Big Charter, a prominent player in India’s charter aviation sector. Further, the Board approved the infusion of 1,000 Brazilian Real in the company’s subsidiary Easy Trip Planners Do Brasil Ltda and 50,000 Riyals in the company’s Easy Trip Planners, Saudi Arabia.
Hyundai Motor India : The Board has approved an investment of up to Rs 694 crore for establishing and operating a Tooling Centre in India.
Cholamandalam Investment and Finance Company : The Board has approved the appointment of Vellayan Subbiah as a Whole-time Director, designated as the Executive Chairman of the company for 5 years, effective April 1.
Britannia Industries : The company's operations at its plant in Jhagadia, Gujarat have been partially affected due to a strike that commenced on March 24. The company is in continuous discussion with workers to resolve the situation amicably. At present, the impact of this event is being assessed, and the company is managing demand through available resources.
Bank of India : The bank has decided to exercise the green shoe option of $100 million ($50 million for 3 years and $50 million for 5 years) and executed the syndication agreement. Funds are expected to be received by March 27. These funds are being used for general corporate purposes, including on-lending at overseas branches.
Tata Consumer Products : Shareholders have approved the reappointment of Sunil D’Souza as the Managing Director and Chief Executive Officer of the company for 5 years, effective April 4.
Canara Bank : The Central Government has appointed S. K. Majumdar as Executive Director of the bank for three years. Currently, S. K. Majumdar is the Chief General Manager and GCFO of the bank.
NHPC : The company has completed the trial run of Unit-2 (200 MW) of the Parbati-II HE project (4x200 MW) in Himachal Pradesh. The trial run of the remaining 3 units of the Parbati-II HE project is expected to be completed by March 31, 2025.
Mahindra & Mahindra Financial Services : The Board has approved the appointment of Ramganesh Iyer as Chief Operating Officer of the company, effective April 10.
ICICI Bank : Effective March 24, ICICI Securities has become a wholly owned subsidiary of the bank and is deemed to have been delisted from the stock exchanges.
United Spirits : The Board will meet on March 27 to consider the declaration of an interim dividend, if any.
Matrimony.com : The Board has declared a special interim dividend of Rs 5 per share to commemorate the company's Silver Jubilee year. The company has fixed March 28 as the record date for determining the eligible shareholders for the payment of dividends.
Aditya Birla Capital : The National Company Law Tribunal, Ahmedabad, has sanctioned the scheme of amalgamation of Aditya Birla Finance with the parent company.
SBI Life Insurance Company : The company has received an Income Tax Order from the Income Tax Department, demanding tax and interest of Rs 431 crore.
IndusInd Bank : The CGST and Central Excise, Thane, has imposed a penalty of Rs 30.15 crore on the bank for various GST issues. The bank will explore filing an appeal against the order.
SG Finserve : Ace investor Madhusudan Murlidhar Kela bought a 1.7% stake in the company at an average price of Rs 350.01 per share, valued at Rs 33.31 crore. However, Dinesh Pareekh sold 3 lakh shares at an average price of Rs 350 per share.
