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Stock in news….🗞️ IndiGo IndiGo said it is facing a fine of nearly Rs 14 lakh in relation to input tax credit and is evaluating necessary legal recourse. Religare Enterprises Burman family-controlled financial services firm Religare Enterprises approved the appointment of four directors -- Abhay Kumar Agarwal, Arjun Lamba, Gurumurthy Ramanathan and Suresh Mahalingam. Bharti Airtel Bharti Airtel and Tata Group are in bilateral discussions to explore a potential transaction to achieve a combination of Tata's DTH business housed under Tata Play Limited, with Airtel in a structure acceptable to all parties. Wipro Wipro said it will be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding. This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago. Paytm The government has inked an agreement with Paytm under which the company would provide mentorship, infrastructure support, market access, and funding opportunities to startups. SpiceJet Trouble-hit SpiceJet turned profitable in the third quarter that ended December 2024 on the back of strong passenger demand and improved operational efficiency. The profit for Q3 stood at Rs 26 crore as against a loss of Rs 300 crore a year ago. KPI Green Energy Gujarat-based KPI Green Energy announced that its parent company, KP Group, has signed an MoU with the new and renewable energy department of Madhya Pradesh for developing 1.8 GW of renewable energy projects in the state. Tata Power Tata Power signed a MoU to develop 5,000 MW renewable projects in Assam with Rs 30,000 crore investment. Adani Green Adani Green arm Adani Saur Urja (LA) received a letter of award from UP Power Corporation for procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects. Coforge The Board of Coforge will meet on March 4 to consider a stock split. UltraTech Cement UltraTech Cement said it will set up wires and cables plant in Bharuch, Gujarat, with an expenditure of Rs 1,800 crore over next two years. Waaree Energies Waaree Energies received a order for supply of solar modules for 410 MWp From ABREL EPC, a wholly owned subsidiary of Aditya Birla Renewables. Bharat Electronics Bharat Electronics will consider interim dividend for financial year 2024-25 (FY25) on March 5. Varun Beverages Varun Beverages extended its SBC Beverages Ghana acquisition date to March 31, 2025, from February 28, 2025. Dr Reddy's The US FDA issued a establishment inspection report for company’s API Manufacturing Facility (CTO-2) in Hyderabad and classified the inspection as voluntary action indicated (VAI)

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Stock in news 👍 Vedanta Vedanta has received 83% creditor approval for its proposed demerger, clearing a crucial hurdle for its restructuring plan. The proposal required support from at least 75% of creditors by debt value to move forward. With this approval, Vedanta is set to proceed with splitting its businesses into independent entities, allowing each vertical to operate separately. RVNL State-run Rail Vikas Nigam Limited (RVNL) has informed exchanges that it has received a 'Letter of Acceptance' from Rail Infrastructure Development Company (Karnataka) Limited for construction of 9 stations. The project cost is estimated at Rs 554.46 crore. RVNL's share in the joint venture is 51% while that of Rithwik Projects Pvt. Ltd. (RPPL) is 49%. Max Health The stock of Max Healthcare Institute is in news as the company has informed that its Director - Legal and Regulatory Affairs Rakesh Kaushik has tendered his resignation and will cease to be a senior management personnel of the company with effect from end of the day on March 28, 2025. Allcargo Gati Allcargo Gati has announced its monthly operational update where it posted a total volume for January 2025 at 99kt which includes surface and air express. In comparison, it stood at 97kt during January 2024 and 113kt during December 2024. Affordable Robotic and Automation Limited (ARAPL) ARAPL, which offers automated multilevel car parking system services and warehousing automation solution services in domestic and international markets, said that its subsidiary, ARAPL RaaS, has pioneered the development of driverless electric forklifts and pallet jacks. The move aims to revolutionise automation and expand its reach to international markets, the company filing said. In Q3 FY2025, ARAPL reported a 34% year-over-year revenue growth, achieving a positive EBITDA. Its current consolidated order book stands at Rs 224 crore.

Stock in news ✌️👍👍 Religare Enterprises The Burman family has acquired a controlling stake in Religare Enterprises Limited (REL) after the completion of the open offer where it bought 83,201,819 equity shares representing 25.16%. Grindwell Norton Grindwell Norton appointed Venugopal Shanbhag as the managing director of the company with effect from April 2025. Samvardhana Motherson Samvardhana Motherson incorporated the arm 'Motherson Treasury Strategy' within the jurisdiction of Abu Dhabi Global Market, United Arab Emirates. JM Financial JM Financial got a tax department order for refund of Rs 230 crore for assessment year 2008-09. ITI ITI received an initial tranche of Rs 100 crore from C-DoT for land at Electronic City, Bangalore. Kotak Mahindra Bank Kotak Mahindra Bank appointed Vyomesh Kapasi as the new head of products - Consumer Bank. Tata Steel Tata Steel acquired 191 crore equity shares of T Steel Holdings Pte for $300 million (Approximately Rs 2,603.16 crore) Narayana Hrudayalaya Narayana Hrudayalaya laid the foundation stone for a 1,100-bed hospital project ‘Narayana Health City’ in Kolkata. It will invest around Rs 900 crore in the hospital in the first phase. NTPC Green Energy NTPC Green Energy signed an MoU with Bharat Light and Power for pacing green energy objectives.

Stock in news 👍 Shares of Swiggy, Hyundai, Bajaj Housing Finance, Zomato, Jio Financial will be in focus as the companies made it to exclusive Nifty and Nifty50 indices as part of the latest reshuffle. NTPC State-owned power giant NPTC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and hydro projects bundled with renewable energy projects, and explore opportunities in the distribution business. Coal India State-run Coal India will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries. Marico The aspirational rural market is at an inflexion point, which offers significant opportunities and long-term potential to the FMCG companies with price point packs, said Marico CEO. Granules India Granules India will acquire 100% equity stake in Switzerland-based Senn Chemicals AG For Rs 192 crore. RailTel RailTel received a work order worth Rs 288 crore from East Central Railway. Swiggy Swiggy said that it will invest up to Rs 1,000 crore through rights subscription in one or more tranches in its arm Scootsy Logistics. Ami Organics The board of Ami Organics approved a stock split of 1 share into 2 shares. Vedanta Vedanta has been declared as the preferred bidder for Madhya Pradesh’s Kauhari Diamond block (on highest Final Price Offer of 1.10%). Bharti Airtel Bharti Airtel will increase its shareholding in arm Airtel Africa Plc By Up To 5% Via Airtel Africa Mauritius. Niva Bupa Health Niva Bupa Health has received a communication from an anonymous sender. The threat actor claims to have the customer data of Niva Bupa. Ujjivan SFB Ujjivan Small Finance Bankl Board approved a sale of NPA and written-off loans to Asset Reconstruction Company (ARC).

Stock in news 🎶👀 Servotech Renewable Servotech Renewable signed an agreement with France-based Watt and Well SAS to develop and manufacture EV charger components in India. IREDA and Tata Technologies Shares of IREDA and Tata Technologies will be in focus after an NSE release confirmed the inclusion of these in the futures and options segment from February 28. India Glycols India Glycols received an order worth Rs 1,264.2 crore from OMCs and oil companies. Orchid Pharma US FDA issued seven minor observations for company’s API manufacturing facility in Alathur, Tamil Nadu. The US regulator inspected the API manufacturing facility between February 10 and 18 this year. Cyient Cyient appoints Sukamal Banerjee as Executive Director and Chief Executive Officer of the company with effect from February 19. IRIS Business IRIS Business Services signed an MoU with Goa government to support growth of MSME ecosystem in the state. Waaree Energies Waaree Energies received an order for supply of solar modules for 362.5 MWp from a renowned customer. Bharat Forge Bharat Forge arm Kalyani Strategic Systems signed a letter of intent with AM General, USA, for supply of artillery cannons to the US. BSE Banking and financial services major Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction.