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Stock Market Highlights September 18, 2024: Sensex, Nifty end lower, weighed down by IT stocks ahead of Fed rate decision

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NTPC: Government approves NPCIL-NTPC JV company to take up Nuclear Power Generation 

SKF India: Company initiates a separation of its automotive business, separation of automotive business with objective of separate listing on Nasdaq Stockholm

Mirza International: Company Launches 100% Wholly Owned Unit, Genesis Brands Pvt Ltd, For Expanding Footwear Retail and E-commerce Operations. 

Vakrangee: Company partners with star health insurance to offer health insurance products 

Infosys: Company partners with Metro Bank to accelerate digital transformation. 

Indo Count: Company unit acquired majority stake in fluvitex USA, entity being acquired belongs to manufacturing of all kinds of textile products like pillows, comforters, and similar filled products 

Oil upstream stocks: Government scraps windfall tax on petroleum crude as global prices cool.

Hindalco: Evaluating solar module production plans for next 5 years 

Tilaknagar Industries: Company gets Rs 103.6 million as partial subsidy from government of Maharashtra 

NIBE Ltd: Government of Maharashtra has confer the status of “Mega Project” under package Scheme of Incentives Policy, 2019, its proposed manufacturing facility at MIDC, Shirdi, Ahemdnagar 

Doms Industries: Company acquires majority stake in Uniclan Healthcare for Rs 54.88 crore 

Avantel: Company received order worth Rs 93.9 million from Newspace india for supply, installation and commissioning of ground segment hub 

KCP: High court of judicature at madras has passed an order in favor of Company

Torrent Power: Company receives LoI Maharashtra State Electricity Distribution for “Supply of 1,500 MW Energy Storage Capacity from Pumped Hydro Storage Project 

Indo Tech: Company received letter of award worth Rs 425.6 million for supply of 4 NOS of 192 MVA transformers 

Kernex/Railtel: Kavach system operationalized on 108 km Kota-Sawai Madhopur section; 54 km/month pace. 

Rattan India: Company’s unit launches two electric motorcycles— RV1 and its premium variant. 

REC: Company has signed non-binding MoUs with RE developers aggregating about ₹ 1.12 lakh crore which will be implemented over a period of 5 years. 

Tata Power: Company’s solar cell unit in Tamil Nadu to be fully functional by October: CEO Praveer Sinha 

DCM Shriram Industries: Company receives BSE observation letter for composite scheme of arrangement 

Tata Motors: TML SecuritiesTrust sells 1.15 crore shares of Tata Motors as part of DVR swap. 

Biocon: LIC raises stake in Company to 5.023% from 4.982%. 

TVS Holdings: Company unit to acquire additional securities in emerald haven town and country; deal for Rs 25 million, entity being acquired belongs to real estate, construction sector 

Hindustan National Glass: Mr. Amal Chandra Saha Appointed as Non-Executive Independent Director of the Company

Dhanuka Agritrch: ICRA Limited has withdrawn the rating of AA (stable) and A1+ assigned for the bank facilities of the Company.

Utkarsh Small Finance Bank: RBI approves variable remuneration to be paid to MD & CEO for fy24 & fixed remuneration for FY25

Mankind Pharma: Board meeting on September 20 to consider and approve raising of funds. 

Satin Creditcare: Company to consider fund raising via NCDs on private placement basis on September 20 

Mphasis: Company appoints Ajay Arya as Head of Mergers & Acquisitions.

Zydus Life: Company to acquire Sterling Biotech’s fermentation-based API business for Rs 84 crore.

VST Ind: Ace investor Radhakishan Damani cuts stake in VST Industries.





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