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STOCK MARKET UPDATES 16/04/2024



 

*    JSW Infra: The company approved the reappointment of Arun Maheshwari as CEO for three years, effective April 18.

*    Cipla: The company will acquire the cosmetics and personal care business undertaking of Ivia Beaute for Rs 130 crore.

*    TCS: The company announced a new delivery center in Brazil to transform its technology, focusing on strategic areas such as digital transformation, artificial intelligence, and cognitive business operations.

*    Jio Financial Services: The company announced the formation of a 50:50 joint venture with BlackRock and BlackRock Advisors Singapore to undertake wealth management business in India. It will also incorporate a wealth management company and a brokerage company in India.

*    General Insurance Corporation: The company approved the appointment of V. Balkrishna as CFO effective May 1.

*    Gujarat Gas: The company signed a non-binding MoU to broaden the scope and accessibility of energy solutions for consumers. The alliance between two major players in the energy sector is set to deliver an extensive range of products and services throughout GGL's authorized areas.

*    Sula Vineyards: The company has acquired N D Wines, now holding 100% of its equity share capital, making it a wholly owned subsidiary.

*    Manappuram Finance: The company will consider a $500 million fund-raising proposal on April 19.

*    Thomas Cook: The leading omnichannel forex service opened a counter at its franchise outlet in Delhi-NCR. This expands the company's forex network in Delhi-NCR to 12 locations: 11 branches and 1 airport outlet.

*    Shivalik: The group launches the instant home concept.

*    Adani Energy Solutions: The company's transmission and smart metering business saw system availability of 99.6% in Q4 and added 174 ckms to the operational network during the quarter. The company's distribution loss remained low at 5.09% in Q4 and maintained more than 99.9% supply reliability.

*    Hero MotoCorp: They begin nationwide deliveries of the Mavrick 440.

*    Gokul Agro Resources: The company's unit entered into an agreement with the Government of Andhra Pradesh for the oil palm development program in Andhra Pradesh.

*    Insolation Energy: The company's unit bagged purchase orders worth Rs 55.71 crore to supply solar PV modules.

*    Life Insurance Corporation: The company increases its stake in Hindustan Unilever to 5.01% from 4.99%.

*    India Cements: They Appoint K Vamsidhar Reddy as Chief Manufacturing Officer (projects and operations) of the company with effect from April 15, 2024.

*    Vedanta: secures 11-year ₹3,900 crore loan from Power Finance Corporation.

*    Allcargo Terminals: The company's March CFS volume of 54.7 '000 TEUs is up 1% YoY and up 8% month-on-month.

*    Brigade Enterprises: The company approved the appointment of Jayant Bhalchandra Manmadkar as CFO and KMP, effective April 18.

*    Swan Energy: The company completed the reconstitution of equity shareholdings of Reliance Naval and Engineering (RNEL) as per the NCLT Order.

*    Kotak Mahindra Bank: The board meeting on 4th May to consider Q4 results. The company to recommend dividends, if any.

*    Tata Motors: The board meeting on 10th May to consider Q4 results. The company to recommend dividends, if any.

*    Indusind Bank: The board meeting on 25th April to consider Q4 results. The company to recommend dividends, if any.


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