Stock that will see action today: 20 March 2025
Nawaz Modi Singhania has stepped down as Director on the Board of Raymond Limited, effective March 19, 2025, according to a company announcement released today. In a statement, Raymond’s Chairman and Managing Director Gautam Singhania acknowledged her contributions, saying, “We thank Ms. Nawaz Modi Singhania for her services as a Board member over the years.”
Adani Enterprises’ subsidiary, Kutch Copper Limited (KCL), has formed a joint venture with Praneetha Ventures Private Ltd, named Praneetha Ecocables Limited (PEL). Registered with the Registrar of Companies in Ahmedabad, the PEL was incorporated on March 19, 2025, and will focus on manufacturing, marketing, and distributing metal products, cables, and wires. Both KCL and Praneetha Ventures hold equal stakes in the venture, with an authorized capital of ₹10 lakh. The joint venture will specialise in the manufacturing, marketing, and distribution of metal products, cables, and wires.
IREDA launches First Ever Perpetual Bonds to raise Rs. 1247 Crore and received Rs. 24.48 crore tax refund from the Income tax department
SBFC Holdings Pte, one of the promoters of non-banking financial company SBFC Finance, on Wednesday divested a nearly 1.3 per cent stake in the company for Rs 112 crore through an open market transaction. According to the bulk deal data on the National Stock Exchange (NSE), SBFC Holdings Pte sold over 1.36 crore shares at an average price of Rs 82.
UltraTech Cement has ramped up its production capacity by 1.2 million tonnes per annum (MTPA) as part of its ongoing expansion strategy. The company achieved this by optimizing operations and debottlenecking at multiple plants
Trent informed the exchanges that Booker India Limited, a subsidiary of the Company, has entered into a Share Purchase Agreement with Trent Hypermarket Private Limited (THPL) and THPL Support Services Limited (TSSL) for acquisition of 100% of the equity share capital of TSSL from THPL. for Rs 166.36 crore.
Ashok Leyland has set up its plant in Mallavalli Model Industrial Park, Vijayawada, in Andhra Pradesh. The plant will have a capacity to make 4,800 buses per annum. It will be a new milestone not only for Ashok Leyland, but also for Andhra Pradesh.
Fair trade watchdog CCI on Wednesday said it has sought public comments on Bharat Forge Ltd’s proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd after prima facie concluding that the transaction could adversely impact competition. In October last year, Bharat Forge sought the Competition Commission of India’s (CCI) approval for the buyout of AAM India Manufacturing Corporation.
ZIM Laboratories Limited (the Company) is a research-driven Pharmaceutical company that develops, manufactures, and supplies differentiated generic products in oral solid dosage forms across key therapeutic segments. The Company has state-of-the-art in-house R&D capabilities to offer innovative drug delivery solutions using proprietary technology platforms, aiming to enhance patient convenience and treatment adherence
TCS on Wednesday announced that it has bagged a five-year digital infrastructure modernisation deal from Air New Zealand. Financial details of the deal were, however, not disclosed
The Dugda Coal Washery of Coal India Ltd (CIL) has become the first project of its kind to complete the monetisation process, an official statement said on Wednesday. The coal washery, with a capacity of 2 million tonnes (MT), is located at Bokaro in Jharkhand, the Ministry of Coal said in a statement.
CanFIn Homes infomred the exchanges that Apurav Agarwal, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) has been relieved from the services with effect from March 19 on submission of resignation due to personal reasons. The company has already intimated about the appointment of Prashanth Joishy as the Interim CFO.
The board of NHPC has considered and approved borrowing plan for raising of debt upto ₹6,300 crore during FY 2025-26 through secured/unsecured, redeemable, Taxable, Non-Cumulative, Non- Convertible Corporate Bonds in one or more Series/ Tranches on private placement basis and/or raising of Term Loans/ External Commercial Borrowings (ECB) in suitable.
Hyundai Motor India Ltd (HMIL) has announced a price increase of up to 3 per cent across its vehicle lineup, effective April 1, 2025. The company attributed the hike to rising input costs, increased commodity prices, and higher operational expenses. “The extent of the price hike will vary depending on the model and variant,” HMIL said in a statement.
IT services firms Wipro, Tech Mahindra, and L&T Technology on Wednesday announced individual partnerships with chipmaking giant Nvidia for AI-based solutions for various industries. These software firms are showcasing the solutions leveraging Nvidia technologies at the US-based chip major’s ongoing annual GPU Technology Conference (GTC) in California.
The board of Bajaj Electricals has approved incorporation of and investment in a wholly owned subsidiary (WOS) in the United Arab Emirates to expand the company’s international footprint and enhance business opportunities in the Middle East and other untapped markets, . The board has also approved a proposal to explore the possibilities, opportunities, feasibility of setting up the company’s manufacturing unit at a suitable location in India, keeping an estimated Capex of ₹300 crore
