India Daybook – Stocks in News

*Tata Power:* Renewable Energy arm gets LoA to set up 966 MW RTC hybrid renewable power project (Positive) *IRB Infra:* May revenue up 20% at Rs 411.1 cr Vs Rs 343.5 cr (YoY) (Positive) *Aether Industries:* Signs licence Agreement with Saudi Aramco Technologies Company to commercialise Sustainable Converge Polyols Technology (Positive) *NHPC:* Arm gets Pump Hydro Storage site in Punasa by Madhya Pradesh government with an estimated storage capacity of 525 MW X 6 hours (Positive) *Biocon:* Bengaluru’s API manufacturing facility receives GMP compliance certificate from the Competent Authority of Germany (Positive) *Dr Reddys:* Company gets US FDA nod for Cyclophosphamide (Positive) *Snowman Logistics:* Gateway Distriparks acquired additional 14 lakh shares in the logistics company (Positive) *Hindustan Aeronautics:* Company said the meeting of the Board of Directors will be held on June 27 to consider a proposal for the sub-division of equity shares. (Positive) *CCL products:* Company inks an asset purchase pact with Lofbergs Group for acquisition of various brands registered in the UK (Positive) *Zydus Life:* Company gest final approval from USFDA for Esomeprazole Magnesium for delayed release oral suspension (Positive) *Tanla Platforms:* Board has approved acquisition of 100% stake in Valuefirst Middle East FZC and Vakuefirst Digital Media (Positive) *SpiceJet:* Indian budget airline partnered with FTAI Aviation on a CFM56 revitalisation program. (Positive) *Hero MotoCorp:* The company and Harley Davidson could consider the local assembly of Harley motorcycles in India (Positive) *Titagarh Rail:* Board to consider raising funds via QIP/Rights Issue on June 10 (Positive) *Punjab National Bank:* State-owned bank has proposed to raise funds from the sale of up to 15 crore shares under its Employee Stock Purchase Scheme (Neutral) *State Bank of India:* MD sees Rs 30 lakh crore opportunity in climate finance by 2030 (Neutral) *GAIL India:* The state-owned natural gas company has released payment to all stakeholders of JBF Petrochemicals as per an NCLT order (Neutral) *L&T Finance:* Board has approved a final dividend of Rs 2 per equity share (Neutral) *Hero Moto Corp:* Company to invest up to Rs 1,500 crore for developing premium bikes and EVs in India (Neutral) *Blue Dart:* Board approves appointment of Sudha Pai as CFO, effective Sep 1. (Neutral) *Tata Communications:* CEO addresses margin decline, says focus is on product mix optimisation (Neutral) *Kotak Mahindra Bank:* Canada Pension Fund is likely to sell a 1.66 percent stake in the private sector lender, reports CNBC-TV18 quoting sources (Neutral) *United Drilling Tools*: Ace investor Ashish Kacholia sold 1.58 lakh equity shares or 0.78 percent stake (Negative) *JHS Svendgaard:* Nikhil Vora and his wife Chaitali sold a 1.19 percent stake in the oral care products manufacturer (Negative)