Quote from Admin on June 16, 2023, 4:21 am

*🌹India Daybook – Stocks in News*

*Ramkrishna Forgings and Titagarh Rail:* Consortium wins contract worth Rs 12,226.5 cr from Railways Ministry (Positive)

*Jindal Stainless:* Company signs deal with Germany's Dassault Systemes to manage production, operational functions (Positive)

*TVS Motor:* Company sells entire shareholding (43.54% equity) in Emerald Haven Realty for Rs 166.8 crore. (Positive)

*Wipro:* Company opens new 5G Def-i innovation center in Austin, Texas (Positive)

*Samvardhana Motherson:* Company to acquire Cirma Enterprise from Vinci Energies France for an Enterprise Value of € 7.2 m (Positive)

*Zensar Tech:* Company believes disruption from Generative AI could create significant opportunities (Positive)

*Ashok Leyland:* Company plans to double exports to 20,000 units in coming years (Positive)

*Tata Steel:* Company and Germany's SMS group to explore low carbon steel making technology (Positive)

*NIACL and GICRE:* PSU General Insurers may get 5% additional Expense of Management limit than pvt insures: ET (Positive)

*BHEL:* Company and Volvo Eicher Commercial Vehicles signed an MoU for taking up a 'Joint project for the development and deployment of type–IV cylinders (Hydrogen or CNG) (Positive)

*PFC:* PFC has incorporated a special purpose vehicle – Tirwa Transmission Limited – for the construction of Tirwa substation with associated lines (Positive)

*Natco Pharma:* Company has announced the successful closure of inspection and received EIR from the US Food and Drug Administration USFDA (Positive)

*HCLTech:* Company and Microsoft announced expansion of their strategic partnership to help enterprises harness generative artificial intelligence (Positive)

*Welspun Corp:* Company has received the BIS license for 1200DN K7, K8 and K9. (Positive)

*MIC Electronics:* Company has received a Letter of Acceptance from Salem Railway Division of Southern Railway Zone. (Positive)

*Torrent Pharma:* USFDA has issued EIR for the company's oral-Oncology manufacturing facility in Gujarat. (Positive)

*Balaji Telefilms:* Abhishek Kumar has resigned as chief executive officer of the company with effect from June 16. (Neutral)

*GAIL:* Sanjay Kumar assumed charge as Director (Marketing) of GAIL (India) Limited. (Neutral)

*NLC India:* Company has incorporated a Subsidiary to take over the existing renewable assets. (Neutral)

*Axis Bank:* Many domestic and foreign funds lapped up the shares in block sell from Bain capital. (Neutral)

*HDFC Life and PFC:* The companies will go ex-dividend today (Neutral)

*RIL:* Company is in talks with foreign-currency loan lenders to raise up to $2 billion to fund the ongoing expansion (Neutral).

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