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NSE share market NEWS tomorrow (28 August, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (28 August, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 28 August 2024

National Buildings was amongst the top gainers, currently trading at 195.71 in NSE with 34.993 times change in volumes and 10.172% change in price. Other gainers included Ltimindtree with 6.537% price change and 13.307 times volumes, Trent with 5.418% price change and 4.08 times volumes, Indian Energy with 4.065% price change and 2.707 times volumes, and 8 20 with 4.055% price change and 8.532 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Tata Elxsi was amongst the top losers, currently trading at 8227.50 in NSE with 0.518 times change in volumes and -8.292% change in price. Other losers included Kfin Technologies with -6.511% price change and 0.203 times volumes, Hindustan Zinc with -3.964% price change and 0.664 times volumes, Fsn E with -3.724% price change and 0.841 times volumes, and Nuvama Wealth with -3.357% price change and 0.471 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Construction firm BCD Group appoints Ashwinder R Singh as VC, CEO. BCD Group, which is into construction and real estate development, has appointed Ashwinder R Singh as Vice Chairman and CEO of the company. Angad Singh Bedi, the current Managing Director, has been elevated to Chairman and Managing Director. Before joining

Adani Ports to set up 2 projects in MP with Rs 3,500 cr investment. Adani Group firm APSEZ on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore. Adani Ports and Special Economic

BharatPe launches UPI offering, taps into consumer payments segment. Fintech platform BharatPe on Wednesday announced the launch of its UPI TPAP (third-party application provider) to facilitate consumer digital payments. Earlier, BharatPe provided merchant-to-merchant digital payment services. The company has also rebranded

Oyo reports Rs 132 cr in Q1 profits, aims for Rs 700 cr in full year FY25. In the US, Agarwal said that Oyo is opening a new property every three days, reflecting very strong momentum in the world's largest economy

With 1 more ship, LNG under new pacts to be imported from 2026: Gail. State-owned gas utility GAIL (India) Ltd will start importing LNG under two new contracts from 2026 and has added one more ship to transport the fuel, its Chairman Sandeep Kumar Gupta said on Wednesday. The company had in January this year signed back-to-b

SBI raises Rs 7,500 cr via tier 2 bonds to meet regulatory needs, others. May look at another round of Tier II bond issuance as yields soften

Private equity player GQG Partners hikes stake in GMR Airports to 5.17%. Private equity player GQG Partners has hiked its stake in GMR Airports Infrastructure to 5.17 per cent by snapping up additional shares worth over Rs 433 crore through open market transactions. GQG Partners, also a key investor in Adani Group, purchased 0.

Paytm Payments gets govt nod; can now resubmit its PA application. The company said that, in the meantime, PPSL will continue to provide online payment aggregation services to existing partners.

Infosys joins Stanford affiliate programme to speed AI research initiatives. Infosys on Wednesday said it has joined hands with Stanford University Institute for Human-Centered Artificial Intelligence (Stanford HAI) to help accelerate AI research initiatives. The IT major will become a part of the institute's Corporate Affiliate Pr

MUFG Bank expects over 25% growth in India biz; to focus on large cos. Shashank Joshi, MUFG's deputy chief executive officer and head of global corporate and investment banking in India, said the bank has an exposure of about billion in India

RIL-Disney India merger worth .5 billion receives approval from CCI. Combined entity now India's largest entertainment conglomerate, with a portfolio of 120 channels and two streaming services

MarketsMojo announces launch of MOJOMF distribution service platform. Fintech platform MarketsMojo on Wednesday announced the launch of its mutual fund investment and distribution services platform MOJOMF. The platform will be a complete advisory solution on mutual funds with guidance on how to generate alpha on investments.

Tanishq, De Beers collaborate to push sale of natural diamonds in India. This has also caused India to replace China as the second-largest market in the world for natural diamond jewellery

P&G Q4 results: Profit after tax down 46% at Rs 81 cr on high spending. Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Wednesday reported 46.40 per cent decline in profit after tax at Rs 81.06 crore for June quarter 2024 on account of increased spending. The company, which follows July-June financial year, had reported

Power Grid acquires project-specific SPV for power evacuation in Rajasthan. Power Grid on Wednesday said it has acquired a project-specific special purpose vehicle for evacuation of power from Bhadla-III power station in Rajasthan. In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after comp

Zee to push for global reach of DP World ILT20, targets premium advertisers. For advertisers, Sehgal said that ZEEL is focused on creating value as the consumer base consists predominantly of high-income groups in the UAE

Operations in Bangladesh stabilised, people rejoining factory: Emami CFO. Homegrown FMCG major Emami has said its operations in Bangladesh have stabilised as people have rejoined the factory and production has resumed. Replying to queries at the AGM, Emami CFO Naresh Bhansali said the business was impacted in Bangladesh due to p

Bank-fintech tie up will boost innovation, risk management: RBL CEO. The experience of banks and non-banking financial companies (NBFCs) in risk underwriting and risk assessment will help in improving customer experience

Square Yards Q1FY25 results: PAT rises 66% to Rs 25 cr on high income. Square Yards, which is mainly into housing and home loan brokerage business, has reported 66 per cent increase in gross profit at Rs 25 crore for June quarter FY25 on higher income. Its gross profit stood at Rs 15 crore in the year-ago period. Total revenu

Satish Vadugiri named interim chairmen for IOC, Rajneesh Narang for HPCL. The government on Wednesday named interim chairmen for top oil firms, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL), as appointment of full-time heads is work in progress. Satish Kumar Vaduguri, Director (Marketing), IOC has b

Delhi HC overturns AAR ruling on Tiger Global-Flipkart transaction. Tiger Global had sold its stake in Flipkart to Walmart during the year. It claimed exemption from capital gains tax on the sale under the DTAA

L&T Semiconductor, C-DAC sign pact to jointly work on indigenous chip tech. L&T Semiconductor Technologies has signed a memorandum of understanding with government-backed Centre for Development of Advanced Computing for jointly working to develop local chip technology and the ecosystem around it, according to a statement on Wednes

Unlocking shareholder value through demergers, boosting profitability. Demerger strategies enable businesses to focus, grow, and boost investor returns

Vodafone Idea asked to pay Rs 15.19 cr GST along with Rs 1.51 cr penalty. GST office in Patna has ordered debt-ridden Vodafone Idea to pay Rs 15.19 crore, along with a penalty of Rs 1.51 crore, for allegedly availing of input tax credit it was not eligible for in FY20 and FY21, a regulatory filing said on Wednesday. Vodafone Ide

Adani Enterprises to issue 1st-ever public bond next wk to raise Rs 800 cr. The company will sell bonds of multiple maturities including two years, three years and five years. However, it did not disclose what the funds would be used for

Bikaji says 'not for sale' amid investor interest in domestic snacks market. Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale, Chief Operating Officer Manoj Verma said earlier this month

Tata Motors turns to Chinese supplier to boost EV battery performance. This strategic move by Tata Motors comes amid industry-wide challenges in the EV market, including a decline in sales and increased competition

Nvidia CEO Jensen Huang's experience as 'dishwasher' goes viral on LinkedIn. Jensen Huang founded Nvidia, the world's leading AI chipmaker in 1993. Before that, he worked as a dishwasher and waiter at an eatery called Denny's from 1978 to 1983

Bachchan family office joins quick commerce frenzy with Swiggy stake. Swiggy deals in online food delivery and quick grocery delivery services segment. The development comes amid heightened investor interest in the industry, due to high demand for such services

Amazon gears up for quick commerce entry in India, eyes 2025 rollout. Amazon is set to enter the quick commerce arena in India with a planned rollout in the first quarter of 2025, aiming to capitalise on the booming sector that Flipkart recently tapped into

Ahmedabad-based Aeron Composite raises Rs 15.17 crore from anchor investors. Fibreglass reinforced polymer products supplier Aeron Composite Ltd has said it has raised Rs 15.17 crore from the anchor investors. The Ahmedabad-based company has allotted 12,14,000 equity shares to as many as 10 fund schemes at Rs 125 per share, the upp

Hyundai Motor eyes 30% rise in sales by 2030 as it doubles hybrid lineup. The world's No. 3 automaker by sales, along with affiliate Kia Corp, announced its mid- to long-term goals and strategy at its CEO Investor Day

VC funding for Indian startups up 42% to .3 bn in Jan-July: GlobalData. Investment growth despite a cautious global investment climate, says analytics company

Sebi bans Rana Sugars' promoters from mkt for 2 yrs; imposes Rs 63 cr fine. Markets regulator Sebi has debarred 14 entities including, Rana Sugars promoters' and other related entities from the securities markets for two years and slapped a Rs 63-crore fine on them on charges of diversion of funds. The regulator also prohibited In

Viacom18's JioCinema to live-stream Paralympic Games Paris 2024. Viewers will be able to catch the opening ceremony tonight at 11:30 PM IST and live action from the Paralympic Games Paris 2024 from August 29 at 12 noon onwards

Committed to double-digit growth in FY25, exploring opportunities: Emami. Home-grown FMCG major Emami is looking for double-digit growth in the current fiscal year and will keep exploring inorganic and strategic opportunities to enter into new product categories, its Chairman R S Goenka said. Emami's focus will be to grow revenu

Awfis, Nyati Group signs largest managed aggregation deal of 300K sqft. With the latest addition, Awfis now has half a million square feet of Grade-A flexible workspace with Nyati Group

Mahindra & Mahindra in Rs 10.87 crore tax dispute with I-T department. Automaker Mahindra & Mahindra has a sum of Rs 100.63 crore set aside as a contingent liability

Telangana, Andhra Pradesh, Karnataka vie to host Foxconn's new facilities. Southern states have all made offers to Foxconn to establish large industrial parks or townships, as the Apple manufacturer eyes expansion in India

Volkswagen's passenger car brand struggles to meet cost-cutting target. The brand was 2-3 billion euros short of its savings goal for this year, two sources who declined to be named told Handelsblatt

Uptick in auto demand, improvement in microfinance likely: L&T Finance. L&T Finance on Wednesday said it is expecting a decent uptick in automobile demand during the festive season on the back of good monsoon and is hopeful of a reasonable improvement in the microfinance segment in the second half of the current fiscal. "Of la

Vedanta to establish two not-for-profit industrial parks: Anil Agarwal. Industrialist Anil Agarwal states that an industrial park can greatly increase the competitiveness of manufacturing while bringing down the cost of transporting raw material

ClearTax, Microsoft team up to simplify tax filing by gig workers. Online tax-filing platform ClearTax on Wednesday said it has partnered with Microsoft to develop a simplified solution that allows gig workers across India to file their taxes through WhatsApp. ClearTax has used Microsoft Azure OpenAI Service to develop a

Zomato completes acquisition of Paytm's entertainment ticketing biz. The new business will be spun off into a separate going-out app, District, in the coming few weeks

Apple-Bharti Airtel sign deal, streaming svcs rise in content hungry India. Apple signed a content deal with Indian telecoms operator Bharti Airtel late in its push for a larger slice of the country's billion entertainment market

Ather Energy, Google partner to give real-time info on charging stations. Electric two-wheeler maker Ather Energy on Wednesday said it has collaborated with Google to give real-time availability information on two-wheeler fast charging stations to EV users. The collaboration will allow EV users with the Light Electric Combined C

PDS raises Rs 430 cr through QIP, subscription exceeds 2 times issue size. PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore

CCI gives nod to .5 bn Disney-Reliance media assets merger deal. CCI's nod comes with subject to "certain voluntary modifications"

Lot of headroom for digital payments platform UPI to grow: Google Pay V-P. Speaking at the Global Fintech Fest, Kenghe said close to 400 million customers are transacting on UPI currently

Indus Towers to become Bharti Airtel subsidiary after share buyback. The board of Indus Towers has approved the buyback of 56.7 million shares. giving Airtel a 50.05 percent

Gensol Engineering sets up US subsidiary, to supply 2,000 MW solar trackers. Homegrown Gensol Engineering on Wednesday said it has set up a subsidiary in the US with an aim to supply over 2,000 MW solar trackers annually by 2028 to key renewable energy markets. The first US office of the newly formed arm Scorpius Trackers Inc will

Abbott India recalls Pentids antibiotic batches over packaging issues. Pentids are widely prescribed for treating bacterial infections of the respiratory tract, throat, lungs, nose, skin, and sexually transmitted diseases like syphilis

IPO-bound hotel chain Oyo aims three-fold profit surge to over Rs 700 crore. Earlier this year, OYO reported its first PAT of nearly Rs 229 crore for the financial year 2023-24 (FY24). OYO achieved a PAT of about Rs 132 crore in Q1 FY25

SpaceX Starlink to provide free emergency service for all phones: Elon Musk. Elon Musk said that the move was to ensure that no one is at risk due to an inability to pay for emergency services. The service would be available subject to approval from country governments

Challa Sreenivasulu Setty takes over as SBI Chairman, succeeds Dinesh Khara. Challa Sreenivasulu Setty on Wednesday assumed charge as Chairman of the country's largest lender State Bank of India (SBI). He succeeds Dinesh Khara, who superannuated from services of the bank at the closing of business hours on Tuesday, SBI said in a re

Deepinder Goyal launches Zomato for employers to ease corporate food orders. Zomato CEO Deepinder Goyal announced that this feature would streamline the management of company food expenses and simplify the reimbursement process provided by companies

GRM Overseas buys stake in Rage Coffee in push into new-age brands. The company becomes the largest shareholder in three-year-old Rage Coffee's parent, whose investors include Sixth Sense Ventures, and prominent figures such as cricketer Virat Kohli

Adani Enterprises' debut public bond sale may see strong demand: Bankers. The issue, which would be India's second-biggest for the current financial year, will open for subscription on Sept 4 with closing scheduled for Sept 17, according to an exchange filing

Paytm gets govt approval for downstream investment in payments arm PPSL. Fintech firm One97 Communications -- the owner of Paytm brand -- has received the government's approval for downstream investment in wholly owned subsidiary Paytm Payments Services Ltd, a regulatory filing said on Wednesday. The company will reapply for a

VerSe Innovation to reach Ebitda break-even by FY25-end: Co-founder. Company has acquired a majority stake in Valueleaf, is expecting a revenue increase of 0 mn

Air India adds 7 regional languages to enhance customer support services. Air India on Tuesday said it has enhanced its customer support services by adding seven new languages to its IVR system, including Marathi, Punjabi, Tamil, and Malayalam, besides the existing English and Hindi. IVR (Interactive Voice Response) system will

10-minute delivery to become BigBasket's default option: CEO Hari Menon. This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins

Factory ops resume in Bangladesh, Emami pins hope on political stability. Emami is targeting double-digit growth in its international business in FY25. In FY24, international business grew by 12 per cent in constant currency and 9 per cent in INR terms

Bharat Biotech launches oral cholera vaccine amid global shortage. With only one manufacturer currently supplying OCVs worldwide, there has been a deficit of approximately 40 million doses annually

Yes Bank relieves country head of financial markets Amit Sureka from duties. Yes Bank, where Indian lenders collectively own a 34 per cent stake and the State Bank of India (SBI) is the largest shareholder with a 24 per cent interest, has been seeking a new promoter

SC stays Ayush Ministry's notification in Patanjali misleading ads case. 'Rule 170 of Drugs and Cosmetic Rules 1945, which deals with prohibition of misleading advertisement of Ayurveda, Siddha or Unani drugs, shall remain in the statute book'

Zee, Sony amicably settle disputes over failed merger, withdraw claims. ZEEL's stock price rose to Rs 154.9 per piece on NSE during the day and closed at Rs 150.9 per piece, which was still 10 per cent higher than the previous day's closing price

Wipro, Dell Tech expand partnership to integrate AI enterprise solutions. IT major Wipro on Tuesday said it has expanded its partnership with Dell Technologies to integrate their AI enterprise solutions and provide enterprises best-in-class technology and the latest in chip designs. The collaboration will allow enhanced cost con

Samsung launches AI-powered washing machine, aims to lead premium segment. Consumer Electronics maker Samsung India on Tuesday launched a new range of AI-powered washing machines and aims to be the market leader in the premium segment in the coming quarters, said a company official on Tuesday. The company, which currently holds a

ReNew signs clean power sale agreement worth 437.6 MW with Microsoft. ReNew on Tuesday announced the signing of a clean power sale contract of 437.6 megawatt (MW) with Microsoft. The contract is expected to generate over one million units of green electricity attributes annually, contributing to Microsoft's aim to become car

YES Bank removes financial market head Amit Surekha with immediate effect. Sources in the bank said the development does not have any bearing on the financial aspects of the bank. "It was a human resources department decision," a source said

Jio Financial ups stake in Jio Payments Bank to 82.17% for Rs 68 cr. The company subscribed to 6.8 crore equity shares of Jio Payments Bank for its business purposes

Samir Modi case: Police asks Apollo to explain 2 discharge summary dates. According to the FIR, viewed by Business Standard, the surgery years have allegedly been mentioned as 2019 and 2024 in the two different discharge summaries

Revenue growth of road EPCs to slow down to 5-7% by FY26: CRISIL Ratings. The operating profitability is supported by a 5 to 17 per cent decline in prices of key raw materials, steel and bitumen, from their peaks in FY22

Alberta investment, HDFC Life to invest Rs 667 cr in India Grid Trust. India Grid Trust on Tuesday said Alberta Investment Management Corporation and HDFC Life will invest Rs 567 crore and Rs 100 crore, respectively, in it. According to a statement, India Grid Trust (IndiGrid) announced the launch of its preferential issue pr

RoC fines V-Guard MD over appointment, retirement related rules violation. The Managing Director of V-Guard Industries, a manufacturer of electrical and home appliances, has been fined by the Registrar of Companies (RoC) over violation of rules and regulations related to retirement and appointment of directors on the board. The R

Indian power firms owed over bn by Bangladesh amid financial turmoil. Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over billion.

BigBasket embraces quick commerce, set to rival Blinkit, Zepto, Swiggy. BigBasket's strategy involves the deployment of 500-600 dark stores nationwide, which will work alongside its large warehouses

SaaS startup Finarkein announces raising .75 mn in pre-series A round. Company's technology allows enterprises to co-create data products on India's digital public infrastructure

Motorbike dealer with 8 staffers receives Rs 4.8K cr bids for Rs 12-cr IPO. Resourceful Automobile IPO: The New Delhi-based company specialises in the sale of Yamaha motorcycles and scooters. It runs two showrooms in the national capital under the name 'Sawhney Automobiles'

All you need to know about Kevan Parekh, Apple's new Indian-origin CFO. Kevan Parekh will assume the CFO role on January 1, 2025, succeeding Luca Maestri, who is moving to Corporate Services and marks the second significant leadership change at Apple within a week

Stable govt gives confidence of sustained growth: Maruti Chief Bhargava. India has proven the 'fallacy' of incompatibility of rapid economic growth and a democratic political system, and the continuity of government and policies give industry the confidence of sustained high growth, Maruti Suzuki India Chairman R C Bhargava sai

JSW Neo Energy bags 200 MW wind-solar hybrid project from from MSEDCL. JSW Energy on Tuesday said its arm JSW Neo Energy has received a letter of award (LoA) for setting up a wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). The 200 MW wind-solar hybrid power project was awarded

Kothari Industrial Corporation lines up expansion plans across segments: MD. Armed with a new promoter on board, the diversified conglomerate Kothari Industrial Corporation Ltd has drawn up aggressive expansion plans across various segments, a top official said. The company would focus on footwear, fertilisers, food, drone technolo

Apple's India operations set to create up to 600,000 jobs by year-end. The Indian workforce for Apple is expected to include 200,000 direct positions by March next year, with women making up about 70 per cent of these roles

Nirmal Singh Bhangoo, Pearls Group owner in Rs 45,000 cr scam, dies. Nirmal Singh Bhangoo, CMD of Pearls Group and accused in a multi-crore chit fund scam, passed away at Deen Dayal Upadhyay Hospital in Delhi

KL Rahul invests in lifestyle brand 'Metaman' for new premium perfume range. The capital raised by the firm will be used for the launch and marketing of the fragrance range, set to hit the market on August 30

Hindustan Unilever gets tax notice of Rs 962.75 cr over Rs 3k cr GSK deal. HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department

Maruti's dealer stock to reduce to just 10 days by 2024-end: Bhargava. Demand to revive as nation has a need for small cars, says chairman of Maruti Suzuki India

Bharat Biotech launches oral cholera vaccine after positive phase 3 trial. Bharat Biotech in a release said it plans to bridge a worldwide deficit of 40 million doses per year through Hillchol

VE Commercial Vehicles signs pact with Baidyanath LNG for 500 LNG trucks. Volvo Eicher Commercial Vehicles (VECV) on Tuesday said it has signed an initial pact with Baidyanath LNG Private for the deployment of 500 LNG trucks, a move which would help in developing green trucking routes and scaling up the LNG Corridor in India. As

Elan Group gives Rs 500 cr contract to Leighton Asia for mall in Gurugram. Realty firm Elan Group has given a Rs 500 crore contract to Leighton Asia for the development of its shopping mall in Gurugram. In a statement, the company said it has "awarded the construction contract worth over Rs 500 crore to the Australian CIMIC Group

Kalpataru gets notice from Afghan govt for not submitting tax declarations. Kalpataru Projects International Ltd on Tuesday said it has received a tax notice from the Afghanistan government for non-submission of certain declarations. In an exchange filing, the company said, "The branch office through its consultant... received cer

Zee, Sony reach non-cash agreement to settle disputes over merger. Under the settlement, the companies have mutually decided to withdraw all claims against each other in the ongoing arbitration at the Singapore International Arbitration Centre

TCS launches Pace Studio in Philippines to drive digital innovation. TCS Pace Studio in Manila, the fifth of its kind globally, is part of an extensive innovation ecosystem of TCS Pace spanning major global cities

NeoLiv ties up with Royal Green Realty to develop Rs 600 cr housing project. Real estate firm NeoLiv has tied up with Royal Green Realty to jointly develop a 20-acre housing project at Kundli-Sonipat in Haryana with an estimated revenue potential of more than Rs 600 crore. The company on Tuesday announced its entry into the North I

Gwalior to host third RIC on Wednesday, aims to attract investment. This conclave will build on the earlier editions held in Ujjain and Jabalpur as the Gwalior-Chambal region is better connected to other parts of the country

Shriram Finance plans to raise up to .5 bn from overseas, says CEO. Last November, Reserve Bank of India asked all lenders to set aside more capital on loans given to non-banking financial companies (NBFCs)

Byju's foreign investors ask SC to hear their concerns in insolvency case. The four investors are the biggest foreign shareholders in Byju's with a combined stake of nearly 17 per cent

CIL's contribution to govt exchequer rises 2% to Rs 20,072 cr in Apr-Jul. Coal India's contribution to govt exchequer rises 2 pc to Rs 20,072 cr in Apr-July

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