Mazagon Dock

Germany and India are closing in on a deal to build diesel submarines for Indian waters as Russia’s prolonged war in Ukraine has pushed the Indian government to expand its sources of military hardware beyond its top supplier, according to a report by Bloomberg. Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Limited are likely to jointly bid for an estimated $5.2 billion project to build six submarines for the Indian navy, said the report. The preliminary agreement or the memorandum of understanding will be signed in the presence of Defense Minister Boris Pistorius who arrived in New Delhi on June 5 for a two-day visit, according to German and Indian officials

India Daybook – Stocks in News

*JK Cement:* Board approved acquisition of 100 percent shareholding in Toshali Cement (Positive) *HUL:* Company eyes acquisitions in masstige beauty segment (Positive) *Adani Group:* Repays loans worth $2.65 billion, completes prepayment (Positive) *Wipro:* Company said its dynamic digital signage solution, Wipro VisionEDGE, will power Bowling Center TV (Positive) *BL Kashyap:* Company has secured new order worth Rs 147 crore (Positive) *HG Infra:* Company has received the letter of acceptance from north central for a project worth Rs 677 crore (Positive) *IndiGo:* Company aims to carry 100 million passengers in the year ending March 2024 (Positive) *GE T&D:* The company has got shareholders' approval through a postal ballot notice to appoint Sandeep Zanzaria as MD (Neutral) *Vedanta:* Vedanta Iron Ore Karnataka has partnered with Volvo CE to deploy zero-emission electric off-road machines (Neutral) *Maruti Suzuki:* Company has started work on two solar power plants at facilities. (Neutral) *Bank of Baroda:* Bank launches facility for cash withdrawals using UPI on its ATMs (Neutral) *SBI:* Board to consider raising funds in FY24 via issuance of debt instruments on June 9 (Neutral) *Godrej Consumer:* Board appoints Aasif Malbari as CFO w.e.f. August 10 (Neutral) *Wipro:* Board okays buyback of shares worth Rs 12,000 crore at Rs 445 apiece (Neutral) *IEX:* May overall volume of 8,251 MU, up 8% (YoY) (Neutral) *SBI Cards:* Board approves raising funds up to Rs 3,000 cr via NCDs (Neutral) *R Systems:* Public Shareholder Bhavook Tripathi Sold 3.30% Stake or 39 Lakh Shares (Neutral) *Muthoot Capital:* Shares will start trading on mainboard of NSE from today (Neutral) *HIL:* Promoter sold 11,20,000 shares of company, Plutus Wealth bought 13,15,000 shares (Neutral) *Vijaya Diagnostics:* Promoter sold 11,82,100 shares of company (Negative)

IPCA Lab

IPCA Lab: IT Department has carried out survey proceedings at their offices In Mumbai between 30th May, 2023 to 3rd June, 2023.

Indoco Remedies

Indoco Remedies: Co Says (USFDA) Had Inspected Co’s Sterile Facility (Plant II) Located At Goa || The Said Facility Had 4 Observations In Form 483

Greenply Industries

Greenply Industries: Approved Disposal of Properties, Plant & Equipment and other current assets of loss making JV Greenply Industry (Myanmar)

Vedanta

Vedanta: Co subsidiary has entered into a Power delivery agreement to source 200 MW Solar Renewable Power for its Aluminium Operations at Balco Chhattisgarh, through Special Purpose Vehicle.

Indo Rama Synthetics

Indo Rama Synthetics: Its subsidiary has successfully started Commercial Production Of "Bottle Grade Pet Resins" from its newly constructed solid-state Polymerisation (SSP) plant at Butibori, Nagpur.