Market Commentary - Stock Alert
Stocks in News: JSW Steel, Tata Power, Biocon among others As on : 06-Jul-23  08:42

JSW Steel: JSW Steel will replace HDFC in the BSE Sensex with effect from 13 July 2023. The rejig is due to the completion of merger of HDFC with HDFC Bank.

Tata Power: Tata Power has received Letter of Award 'LOA' to implement smart metering project in Chhattisgarh State Power Distribution Company Limited (CSPDCL). The value of project awarded to Tata Power is about Rs 1,744 crore and the project will be spanned over a period of 10 years.

Biocon: Biocon Biologics (BBL), a subsidiary of Biocon announced that the company has completed the integration of the acquired biosimilars business in over 70 countries in emerging markets effective 1 July 2023, increasing the scale and scope of its business.

KEC International: The global infrastructure EPC major secured new orders of Rs. 1,042 crore across its various business verticals.

Prestige Estates Projects: The company and its wholly owned subsidiary Prestige Exora Business Parks Limited has entered into Joint Venture agreement with W.S. Industries (India) for development of IT/IT enabled services/parks in 6.53 acres of immovable property at Mount Poonamallee Road, Porur, Chennai.

DCB Bank: The bank has received an intimation from RBI that it has granted its approval to Tata Asset Management Private Limited (TAMPL) to acquire aggregate holding of up to 7.5% of the paid-up equity capital of the bank through the schemes of Tata Mutual Fund. The approval is valid for a period of one year.

Solara Active Pharma: The board of directors of the company has considered and approved for issuance of equity shares to existing shareholders on rights basis for an aggregate amount, including premium, not exceeding Rs. 450 crore.

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