Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to Watch
The company announced the acquisition of a 100% stake in commercial real estate firm Darshita Southern India Happy Homes for Rs 2,250 crore. The land and building of the commercial real estate firm will serve as a delivery center.
The Board has approved an investment of up to Rs 696 crore by the company in its subsidiary PB Healthcare Services via equity shares or compulsory convertible preference shares during FY26. After the proposed investment, PB Fintech would hold up to a 33.63% stake in PB Healthcare on a fully diluted basis.
Airtel announced an agreement with SpaceX to bring Starlink’s high-speed internet services to its customers in India. They will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, and opportunities to connect communities, schools, and health centers, among many others, even in the most rural parts of India. Additionally, Bharti Airtel has transferred its 69.94% stake in Airtel Payments Bank to its subsidiary Airtel.
The company has emerged as the lowest bidder for a project worth Rs 554.64 crore from the National Highways Authority of India. The project involves the construction of a 6-lane access-controlled connectivity to Visakhapatnam Port Road of NH 516C on Hybrid Annuity Mode in Andhra Pradesh.
Sandur Manganese and Iron Ores
Krishnendu Sanyal has resigned as Chief Executive Officer of the company due to personal reasons, effective March 10.
The company has acquired 1.33 lakh equity shares of its subsidiary Davaindia Health Mart via a rights issue, for Rs 55.39 crore.
Indian Renewable Energy Development Agency (IREDA)
The Board will meet on March 17 to consider the enhancement of the borrowing plan for FY 2024-25.
The shareholding of TVS in the Indian Foundation for Quality Management (IFQM) has been reduced to 18.18% after a further allotment of shares by IFQM to other investors. Consequently, IFQM ceased to be an associate of the company as the shareholding is below 20%.
The digital solutions company announced the inauguration of its global business headquarters in Jersey City.
The company's subsidiary, Adani Solar Energy Ap Eight, has commissioned a 250 MW solar power project at Kadapa, Andhra Pradesh. With the commissioning of this plant, AGEL’s total operational renewable generation capacity has increased to 12,591.1 MW.
The Competition Commission of India has approved the proposed acquisition of 100% of the shares in Ayana Renewable Power by ONGC NTPC Green. ONGC NTPC Green is a joint venture between ONGC Green and NTPC Green Energy.
The company has closed its branch in Qatar, effective March 10.
Ramesh Kunhikannan, Managing Director of Kaynes Technology India, has received a show-cause notice from the Securities and Exchange Board of India. The notice alleges suspected violations in the maintenance of a structured digital database (SDD) with respect to financial results for the period ended March 2023.
The company has appointed Surinder Kumar Negi as its Chief Operating Officer (COO), effective March 12.
The bank has received a notice from the Income Tax Department, demanding tax of Rs 58.91 crore with respect to the Assessment Year 2017-18 due to certain additions and disallowances that were made. The bank is in the process of challenging the said order in the appropriate forum.
The company has incorporated a new wholly owned subsidiary, Nykaa Essentials, in Mumbai, for trading and dealing in cosmetics, toiletries, beauty, personal care, and health care products.
The bank has reduced the marginal cost of funds-based lending rate (MCLR) by 5 bps on overnight tenure, 10 bps on the two-year tenure, and 15 bps on the three-year tenure, effective March 12.
The company will acquire the remaining 48.06% equity stake in Creamline Dairy Products (CDPL) for Rs 930 crore, making CDPL a wholly owned subsidiary. The company already held a 51.94% stake in CDPL.
The company's subsidiary, Reliance Jio, has added 39.06 lakh subscribers in December, against the addition of 12.12 lakh subscribers in November 2024.
The telecom operator has added 10.33 lakh subscribers in December 2024, compared to the loss of 11.36 lakh subscribers in November.
The company lost 17.15 lakh subscribers in December 2024, compared to the loss of 15.02 lakh subscribers in November.
Stock Trades Ex-Date for Income Distribution (InvIT)
Altius Telecom Infrastructure Trust
Stocks in F&O ban
IndusInd Bank
SAIL
BSE
Hindustan Copper
Manappuram Finance
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