Stocks in news: Tata Motors, IOC, Mphasis, Gammon Infra

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26 Aug, 2025 12:21

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Government to sell 10 percent stake in Indian Oil Corporation (IOC) via offer for sale (OFS) on Monday-Government sets floor price for IOC OFS at Rs 387/share

Divestment Secretary Aradhana Johri says-Retail subscription in Dredging Corp OFS 11 times-Total subscription of Dredging Corp OFS at Rs 142 crore-Dredging Corp OFS oversubscribed 1.65 times-Retail response is very encouraging for Dredging Corp-Plan to raise around Rs 53 crore from Dredging Corp OFS-Have notified 10 percent stake sale in Indian Oil-Retail reservation in Indian Oil OFS at 20 percent-Have already raised Rs 3,300 crore via stake sales in FY16-Have a very robust pipeline for stake sales this fiscal-Seeing an excellent appetite for IOC stock right now-Exchange traded fund (ETF) in process; in talks with SEBI on the issues-Have decided merchant bankers for NTPC stake sale-Right time for IOC stake sale; good feedback from merchant bankers-Will start divestment roadshows in September-Have fast-tracked the approval process for stake sales-Can't say if Coal India stake sale will happen this fiscal-Many factors playing on the market including whether US Fed will moveNavkar Corporation IPO opens-Issue closes on August 26-Issue size Rs 600 crore (fresh issue Rs 510 crore, offer for sale by promoters Rs 90 crore)-Price band Rs 147-155/Share

Dr Reddy's Labs says-Recalled one batch of USP 1.5 mg Rivastigmine Tartarate capsule in US-Business impact from the recall will not be substantial-Voluntary recall in conformance with company’s quality assurance norms

Goa Carbon says-Have shut down Bilaspur plant temporarily w.e.f. August 21-Have shut down Bilaspur plant due to inventory of finished material

Finance Minister Arun Jaitley says-Consumption of steel in India is going to increase in the coming years-Challenges in steel sector created by external factors-Necessary to strengthen & preserve steel sector for India's growth-Construction, infra, auto sectors will see higher demand for steel-Uncertainty over US Fed rate hike impacting India-China's manufacturing index, Greece's financial crisis have an impact on India-Global factors are transient in nature-Global factors have an impact on steel producers in India-India's internal economy indicators are good-India can withstand such global factors-Band-aid solutions don't work, need to know the root cause of issues-Need to make steel industry in India competitive-Too much protection on steel will have a spiral effect on user industries-Need to increase mining to make raw material available-Biggest NPAs with banks belong to the steel sector-World is passing through some very challenging trends

Mines & Steel Minister Narendra Tomar says-Aim to produce 300 million tonnes by 2025 from 110 million tonnes currently-Government has decided to bring special purpose vehicle for integrated steel plant-Have signed MoUs for integrated steel plant with Chhattisgarh & Jharkhand-Government in dialogue to sign integrated steel plant with Odisha, Karnataka-Secondary steel producers consume 50 percent of crude steel-Need to resolve issues of both primary & secondary steel producers-Secondary steel producers important part of sector to push make in India-Mine auction may start by October-November, in process of finalising DMF norms

Andhra Pradesh Government-Invokes Land Acquisition Act to acquire land in 10 villages after farmer protests-Has acquired 30,000 acres under land pooling scheme-Undertook land pooling to build new capital in AmravatiAlert: Farmers objected to land pooling & approached Hyderabad High CourtAlert: Some of the farmers sought land to be acquired rather than pooled

Japan's Kubota to start assembling tractors in India this October-Kubota to start assembling with new model built for Indian customers-Kubota will operate an assembly plant near Pune: Agencies

Deccan Gold Mines-Revises issue price to Rs 17/share of proposed rights issue from Rs 15/share-Rights issue in the ratio of 1 rights share for every 2 shares held-Issue size to be revised from Rs 44.41 crore to Rs 50.34 crore

Unitech gives large office space to Google on lease-Deal to generate Rs 600 crore of rental income for Unitech over 9 years

Toyota denies plans of increasing stake in Kirloskar Group-Toyota currently holds 11 percent stake in group

RBI-Enables online filing of foreign currency transfer of shares (FCTRS) to ease FDI transactions' reporting-Enables e-filing of FCTRS returns for transfer of shares & CDs-Enables e-filing of FCTRS returns for partly paid shares & warrants

Government-To raise minimum export price of onions to USD 700 per million tonnes from USD 425 per million tonnes-To float tender to import 10,000 million tonnes of onions on August 27-Keeping a close watch on the rise in prices of onions

Finance Minister Arun Jaitley inaugurates Bandhan Bank in KolkataBandhan Bank CMD Chandra Shekhar Ghosh says-This is the birth of a new bank in India after over a decade-Bandhan family consists of 19,500 people-IFC, GIC & SIDBI supported & put faith in Bandhan Bank-Promise to pass on every benefit of lower cost to customers-Will stay away from large corporate loans in the beginning-Bandhan Bank to have 2 divisions, micro banking & general banking-Will start with 501 branches across 24 states-Bandhan Bank will have Rs 3,052 crore capital base-Will try to keep bad assets low-1.43 crore accounts have been opened

Other stocks and sectors that are in news today:-Tata Motors says 5,800 JLR cars at China port hit by blasts: Reuters-Mphasis bags IT deal from The Royal Bank of Scotland: PTI-Gammon Infra bags order worth Rs 397 cfrore from Goa Public Works Department-France & India to sign deal for Rafale Fighter Jet contract within 10 days: Reuters sources-Banks likely to loan Rs 7,550 crore to JSW Energy: ET-Coal India board clears 3 projects with investments worth Rs 6,000 crore-ONGC Videsh shortlisted for Mexican oil block bids-JSPL may bid for ore mines in Odisha in forthcoming auctions in October-November