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NSE share market NEWS tomorrow (26 August, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (26 August, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 26 August 2024

Tata Elxsi was amongst the top gainers, currently trading at 7683.05 in NSE with 6.552 times change in volumes and 8.393% change in price. Other gainers included Pb Fintech with 7.912% price change and 3.746 times volumes, National Aluminium with 5.094% price change and 2.643 times volumes, Prestige Estates with 5.001% price change and 1.157 times volumes, and Kalyan Jewellers with 4.729% price change and 1.144 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.

Pg Electroplast was amongst the top losers, currently trading at 521.15 in NSE with 1.037 times change in volumes and -6.629% change in price. Other losers included Zydus Lifesciences with -5.96% price change and 3.393 times volumes, One 97 with -4.407% price change and 2.419 times volumes, Fsn E with -3.197% price change and 0.227 times volumes, and Suzlon Energy with -3.095% price change and 0.859 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.

InterGlobe opens boutique lifestyle hotel Miiro in Paris, Barcelona. InterGlobe Enterprises, the biggest shareholder of IndiGo airline, has opened its boutique lifestyle hotel Miiro in Paris and Barcelona and is looking to add more properties in Europe over the next couple of years, a top official said. Neena Gupta, CEO of

UltraTech Cement raises 0 million via sustainability-linked financing. Sustainability-linked finance is a method through which borrowers meet environmental, social and governance targets while raising funds

Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline. Once ranked sixth-richest person in the world in 2008, Anil Ambani has faced numerous legal and financial hurdles, leading him to announce bankruptcy in a UK court in 2020

Raymond Lifestyle expands board size to 10 members ahead of listing. RLL, a branded textile and apparel company, is expected to list in early September. The company was hived off from Raymond last month

Bank of Baroda raises Rs 5,000 crore via 10-year infra bonds at 7.3%. A dealer at a state-owned bank said that the 10-year government securities yields have fallen, resulting in a lower cut-off rate for BoB than State Bank of India

UltraTech Cement raises 0 mn through sustainability-linked loans. The company added that the transaction marks the second sustainability-linked financing raised by UltraTech, following its inaugural sustainability-linked bond issuance in 2021

Capitalmind gets Sebi's in-principle approval to launch MF business. Investment management company Capitalmind Financial Services on Monday said it has received in-principle approval from market regulator Sebi to launch a mutual fund business. As a portfolio manager, Capitalmind currently manages over Rs 2,200 crore in asse

Bajaj Auto targets 100K monthly sales of clean energy vehicles: Rajiv Bajaj. No plans to retire soon, says Bajaj Auto Managing Director Rajiv Bajaj

Vedanta sets Rs 30,000 cr war chest to pursue further deleveraging, growth. Anil Agarwal-led Vedanta Ltd has prepared a war chest of Rs 30,000 crore with recent funds raised through a qualified institutional placement (QIP), offer for sale (OFS) and dividend to pursue further deleveraging and growth, sources said. Proceeds from th

Adani group's Ebitda may go past Rs 1 trn in FY25 on infra, power biz. Cement, power, and green energy expected to contribute 86% to growth

Aurobindo, others recall products in US market over production issue: USFDA. Drug makers Aurobindo Pharma, Glenmark and FDC are recalling products in the US due to manufacturing issues, as per the US Food and Drug Administration (USFDA). Aurobindo Pharma USA Inc -- a unit of Hyderabad-based drug major -- is recalling 240 bottles of

Bhel wins thermal projects worth Rs 11,000 crore from Adani Power. BHEL will complete the Kawai Phase-II project in 49 months, the Kawai Phase-III project in 52 months, and the Mahan Phase-III project in 55 months

Medi Assist Insurance TPA to acquire Paramount Health for Rs 312 crore. Paramount TPA works with 30 insurers and more than 3,000 group customers and retail policyholders

HCLTech extends partnership with Xerox in AI and digital engineering. Xerox and HCLTech started their partnership in 2009 with a focus on product engineering and IT and process support services

Medi Assist set to buy Paramount Health at enterprise value of Rs 312 cr. Medi Assist Healthcare Services, which offers third-party administration services to insurance firms, on Monday said it will fully acquire Paramount Health Services & Insurance TPA at an enterprise value of Rs 311.8 crore. Medi Assist Insurance TPA, a whol

Tata Group to give jobs to 4,000 women from U'khand at TN, Karnataka plants. Tata Group will give jobs to 4,000 women from Uttarakhand at its plants in Tamil Nadu and Karnataka. Its Chief Human Resource Officer Ranjan Bandopadhyay has written a letter to this effect to the state planning department, an official release said here on

Medi Assist to fully acquire Paramount Health in a deal worth Rs 400 cr. Medi Assist Healthcare Services, which offers third-party administration services to insurance firms, on Monday said it will fully acquire Paramount Health Services & Insurance TPA in a deal valued at over Rs 400 crore. Medi Assist Insurance TPA, a wholly-

UKG names Jennifer Morgan as new CEO, Nitin Chandel to lead India business. UKG (Ultimate Kronos Group) on Monday announced the appointment of Jennifer Morgan as its new CEO, and Nitin Chandel as the new Group Vice President and Country Manager for India. UKG is a provider of HR, payroll, and workforce management solutions. It ser

Nasscom announces SAP Labs India MD Sindhu Gangadharan as chairperson. IT industry body nasscom on Monday announced the appointment of SAP Labs India Managing Director Sindhu Gangadharan as its chairperson with immediate effect. Gangadharan takes the chair from Rajesh Nambiar, who has been appointed president-designate for na

Cheap AI bots rapidly expand across India, transforming tech landscape. Startups may turn India into a proving ground for what could be the next frontier of generative AI products

Adani's Dharavi slum revamp struggles to secure land in potential setback. The project, which aims to rehouse a million people, is a critical and high-profile project for Adani

Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt. Tata Sons, the holding company of the Tata Group, has voluntarily surrendered its certificate of registration to the Reserve Bank of India (RBI)

Cathay Cargo keen for biz in India, aims to 'co-terminate' freighter planes. Hong Kong-based Cathay Cargo is looking to expand in India and wants its freighter planes to be allowed to "co-terminate" while flying between multiple destinations within the country under the open sky framework, a senior company official said. Under the

Jio Financial secures approval to raise foreign investment cap to 49%. In May 2024, the company sought shareholder approval to raise the foreign investment threshold to 49% as part of a strategic initiative to attract significant foreign capital

Akums Drugs scripts a turnaround, reports Rs 60 cr profit in Q1FY25. Akum's revenue from operations in Q1FY25 came in at Rs 1019.1 crore, a rise of 5.08 per cent Y-o-Y

Here's what went wrong for Nestle's recently ousted CEO Schneider. This feat was particularly remarkable, given the hit industry margins took during the pandemic

Debt exposure of domestic banks and NBFCs in Adani Group increase to 36%. Indian lenders, including domestic banks and non-banking financial companies, have extended Rs 88,100 crore to the Adani Group, out of its total debt of Rs 2,41,394 crore as of March 31, 2024

HouseEazy raises mn in series-A round from investors to grow business. HouseEazy, a marketplace for resale homes, has raised USD 7 million from investors to grow its business. In a statement, HouseEazy said the company has raised USD 7 million in a series-A funding round. This round was a mix of equity and debt led by Chirata

Akasa Air plans to go public, aims to be profitable by 2028: CEO Vinay Dube. Akasa Air, founded in 2021, has reported losses mounting to Rs 2,400 crore in its first two years

Delhi-based Proptech startup HouseEazy raises mn in Series-A funding. HouseEazy said that the funds collected will be used to drive growth in new NCR (National Capital Region) geographies, expand its footprint, enhance products, and support team expansion

PhonePe turns profitable with adjusted PAT, revenue up 74% for FY24. This is the first time the company has reported profit on consolidated numbers

Launched in 2019, Amazon Pay's UPI offering crosses 100 mn customers mark. Amazon Pay on Monday said its UPI offering is witnessing widespread adoption across the country with over 100 million customers using the service. Launched in 2019, Amazon Pay UPI has witnessed strong user preference from across big states of Maharashtra,

Everyone with offer will join: Infosys CEO on 2022-batch onboarding delays. Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed with joining, although there has been some change in dates. The comments of Infosys top honcho assumes significance amid reports that the comp

Bajaj Finserv, Bajaj Finance shares gain ahead of mortgage arm IPO. Special shareholder quota for Bajaj Finserv, Bajaj Finance shareholders

KPI Green Energy receives LoIs for 13.30 MW green energy projects. KPI Green Energy on Monday said it has received letters of intent for 13.30 MW of green energy projects. The company said its wholly-owned subsidiary Sun Drops Energia will develop the projects, according to a regulatory filing. "KPI Green Energy has recei

Godrej Interio to open 104 new stores, add over 200k sq ft of retail space. Home and office furniture brand Godrej Interio on Monday said it plans to open 104 new stores and add over 2 lakh sq ft of retail space in the ongoing fiscal as part of its pan-India expansion. A part of Godrej & Boyce of Godrej Enterprises Group, Godrej I

Amazon Pay UPI surpasses 100 million customers, marking a major milestone. Amazon Pay UPI has become a significant success, said the company, streamlining transactions both on the Amazon.in shopping app and across a wide range of external platforms

ICICI Bank invites bids to sell million exposure in John Energy. John Energy is currently facing various litigations initiated by ICICI Bank and other lenders before NCLAT

REC inks pact with JNPA for financing projects up to Rs 45,000 crore. REC will provide funds for JNPA's infrastructure projects, including the Vadhavan port development plan

Aim to deploy small modular nuclear reactors: Tata Consulting Engineers CEO. India aims to deploy 40-50 small modular nuclear reactors, mostly to replace captive thermal power plants, as it aims to achieve the goal of net-zero emissions by 2070. A top industry official said that the 220-MWe Pressurised Heavy Water Reactor (PHWR) wa

IndiGo to soon offer gender-neutral option 'Mx' during ticket booking. IndiGo will be soon introducing the gender-neutral option of honorific 'Mx' for passengers at the time of booking tickets, as part of larger efforts to boost inclusivity. Besides, the country's largest carrier, which has a domestic market share of 62 per c

ONGC opens well in Bay of Bengal's KG basin to increase oil production. State-owned Oil and Natural Gas Corporation (ONGC) on Sunday said it has opened another well on its flagship deep-sea project in Krishna Godavari basin in Bay of Bengal, which will help augment production of crude oil and natural gas. In January this year,

USFDA pulls up Eugia for manufacturing lapses at its Telangana plant. The US health regulator has pulled up Aurobindo Pharma's subsidiary Eugia for manufacturing lapses at its Telangana-based plant. In a warning letter to Eugia Pharma Specialities CEO Yugandhar Puvvala, the US Food and Drug Administration (USFDA) pointed out

Candytoy plans to raise 90 cr by diluting 10% stake at Rs 900-cr valuation. Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav

Confident of doubling sales by 2025: Danfoss India Prez Ravichandran. Danfoss India, a leader in heating, ventilation and air-conditioning, is witnessing robust growth in the domestic market and is confident of doubling sales by 2025, a top official has said. The subsidiary of the Denmark-headquartered company said the India

India needs to lead tech transition, create future jobs: Bhavish Aggarwal. Ola Founder Bhavish Aggarwal is placing bold bets on new-age technologies with a view for India to be at the forefront of the current global tech transition led by AI, and build jobs of the future in the country. In an interaction with PTI editors at the a

IndoStar Capital invites counterbids to sell Rs 357 cr of stressed loans. The Mumbai-based shadow lender intends to complete the sale of the stressed assets by August 27

Infosys eyes acquisitions, more 'in-tech' buys possible: CEO Salil Parekh. After two acquisitions this year, India's second-largest IT services company Infosys is on the lookout to scoop-up more firms and says the acquisition matching scale of recent in-tech buy is certainly a possibility. In an interview to PTI, Infosys CEO Sali

Suraksha Group invests Rs 250 cr in Jaypee Infratech, secures Rs 3K cr loan. Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process and has also arranged a Rs 3,000 crore loan facility, as it gears up to complete around 20,000 unfinished flats in Delhi NCR. Around Rs 1,000 crore ca

Anil Ambani reviewing securities market ban, to take appropriate steps. No action against us, clarify Rel Infra, Rel Power

Glass Lewis opposes reappointment of Bina Modi as Godfrey Phillips MD. US-based proxy advisory firm Glass Lewis has advised the shareholders of Godfrey Phillips to vote "against" the special resolution seeking the reappointment of Bina Modi as Managing Director at the Annual General Meeting on September 6. Glass Lewis has bac

20 years since listing: TCS gives 77.5% cash returns to investors. In 2004, TCS made history with the first billion initial public offering (IPO) by a private-sector company in India. Tata Sons diluted 14 per cent of its equity shares

Foxconn wants women workers to take up lead in design, tech space: Chairman. iPhone contract manufacturer Foxconn wants women employees in India to take up lead positions in design and other technology-related positions, a top company official has said. Foxconn has 48,000 employees across India and 25 per cent of its new hires are

No irregularity in govt clearing sale of 3,666 acres to JSW Steel: K'taka. Karnataka Large and Medium Industries Minister M B Patil on Sunday asserted that there is no irregularity in the state government's decision to execute the sale deed of 3,666 acres of land in Ballari district to Jindal Steel. He emphasised that the Cabinet

RCap lenders raise concerns over Rs 7.3k cr debt term sheet offered by IIHL. Lenders to debt-ridden Reliance Capital (RCAP) have raised concerns regarding the term sheet provided by the Hinduja Group firm IIHL for Rs 7,300 crore debt mobilisation to fund acquisition. The committee of creditors (CoC) has expressed concerns that bank

Amazon India to give up to 12% cut in selling fees ahead of festive season. Amazon India on Saturday announced an up to 12 per cent reduction in selling fees across multiple product categories on the marketplace ahead of the festive season. The reductions in fees, which is effective from September 9, will enable sellers to expand

Cognizant files lawsuit against Infosys over trade secrets; Infy denies. IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software. Infosys, in a statement, denie

Auto parts maker Carraro India files papers with Sebi for Rs 1812 crore IPO. The IPO is fully comprised of an offer-for-sale valued at Rs 1,811.65 crore by its promoter, Carraro International SE, which operates as an investment holding company

First reusable hybrid rocket RHUMI launched by Tamil Nadu space startup. Tamil Nadu-based startup Space Zone India on Saturday launched its first reusable hybrid rocket, Mission RHUMI-2024, onboard a mobile platform to take up research on global warming and climate change. City-headquartered Space Zone India has been conducting

Zydus Lifesciences to acquire 50% stake in Sterling Biotech. Firm will focus on animal-free protein production

Hindustan Zinc to organise half-marathon in Udaipur to fight against hunger. Hindustan Zinc Limited is set to organise half-marathon in its fight against hunger in Udaipur on September 29, an official said. He said the marathon's theme 'Run For Zero Hunger' resonates with the philosophy of giving back to society, aligning with the

Abrupt CEO change prompted by growth concerns, says Nestle Chairman. Bulcke didn't address the firm's guidance, currently set at an underlying operating margin of at least 17.5 per cent for 2025

MPCB accuses Mercedes-Benz of non-compliance with environmental standards. Maharashtra Pollution Control Board (MPCB) on Saturday alleged non-compliance with environmental standards by the luxury car maker Mercedes-Benz India at its Pune manufacturing facility and sought a comprehensive review of the plant's operations. Mercedes-

Chevron corp to invest Rs 8,300 cr in Karnataka, says minister Patil. Chevron, a global leader in providing energy solutions, on Saturday announced an investment of Rs 8,300 crore to set up its Engineering and Innovation Centre of Excellence here. The investment was announced during a high-profile meeting attended by the Kar

Low income groups and small cities drive e-commerce, says report. Flipkart has emerged as the most popular e-commerce platform among most income groups, while Amazon is on par with it in some classes

Food delivery giant Swiggy targets billion valuation in India IPO. One of the sources said Swiggy aimed to use IPO proceeds to expand its quick commerce Instamart business and open more warehouses to better compete with Zomato

Cred receives nod from BBPS to operate as a customer operating unit. As an agent institution of BBPS, the company processed over Rs 15,000 crore in bill payments across banks in July

KEC International wins transmission, distribution orders worth Rs 1,079 cr. The company, in its FY24 annual report, had stated that on the order intake front, it secured orders of Rs 18,102 crore during the year

GQG Partners, others buy Ambuja Cements stake worth Rs 4,251 crore. Adani family will use Rs 4,251 cr proceeds to accelerate investment across group firms

RHFL fund diversion case: 5-year market ban for Anil Ambani, 24 others. Sebi imposes Rs 624 cr fine on 27 individuals, entities

Quick commerce's growth disrupting retail, say FMCG distributors. FMCG association writes to govt seeking redressal

Will settle all dues by September 30: SpiceJet to Delhi High Court. The lessors had filed a case against SpiceJet in December, claiming dues of more than million for the engines

ED conducts searches at Religare Enterprises executives' premises. The Burman family is the largest shareholder in REL and is currently embroiled in a conflict with the REL chairperson over a change of control at the financial firm

Maruti to start new showroom line 'Nexa Studio' in Tier-2, -3 cities. Currently, MSIL is selling its cars through two dealership lines - Nexa for premium segment, and Arena for all others

Crypto platform WazirX allows partial rupee withdrawals from August 26. Users will be able to withdraw the remaining balances between September 9 and 22

Reliance Retail, British shoemaker Clarks terminate 2-yr old joint venture. The country's leading retailer Reliance Retail and British Shoe maker Clarks have terminated their two-year old joint venture, an industry source said. Differences between both partners have emerged regarding certain terms of engagements, following which t

Greenply expects Rs 800 cr turnover from its JV with Samet by FY26. Leading plywood and laminates maker Greenply expects a turnover of Rs 750-800 crore by FY26 from its equal joint venture (JV) with Turkiye-based furniture hardware firm Samet, a top company official said on Friday. Greenply expects 8-10 per cent volume gro

Power Grid gets shareholders' nod to raise borrowing limit to Rs 15k cr. State-owned Power Grid Corporation on Friday said it has received shareholders' approval to raise the borrowing limit to Rs 15,000 crore for the 2024-25 fiscal year. The approval was received at its annual general meeting held on Thursday, the company said

Amazon India plans to set up rest-points across cities where it operates. Amazon India plans to set up rest points for its delivery associates across cities over the next couple of years under Project Ashray, a senior company official said on Friday. The Ashray centres will provide clean drinking water, phone charging stations,

Major ports invite workers for discussion next week ahead of strike call. Major ports operators have invited representatives of the ports and dock workers' unions for a discussion in New Delhi on Tuesday next week to avert an indefinite nationwide strike call given by employee federations from August 28, a source said on Friday.

RBI cancels registration of Margdarshak Financial Services over high NPAs. The Reserve Bank of India (RBI) has cancelled the registration of Lucknow-headquartered Margdarshak Financial Services Ltd over high net NPAs and defaults on repayment to lenders. As on March 31, 2021, the company failed to maintain the minimum regulatory

Disney-Reliance offer concessions for merger, but no cricket rights sale. Reliance-Disney are aiming to create India's biggest entertainment player which will compete with Sony, Netflix and Amazon

AstraZeneca warns of shifting UK vaccine production to US: Report. An AztraZeneca spokesperson said there are no discussions in the US or India as the company is committed to pursuing the opportunity at Speke and are in constructive talks with the UK government

Bain Capital-backed 360 One raises 0 million for secondary fund. Nearly 90 per cent of the capital raised for the new fund was from local family offices and high net worth individuals

Here's why Hindenburg 2.0 requires a different response from India. Supreme Court in New Delhi should consider bringing back the committee it had set up last year after the New York-based short seller's original report

Anil Ambani banned from security market for 5 yrs, fined Rs 25 cr by Sebi. Anil Ambani and 24 other entities have been barred from the securities market for five years for fund diversions from Reliance Home Finance Ltd

magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner. Hyperlocal e-commerce firm magicpin Co-Founder and former chief operating officer Brij Bhushan has joined Prime Venture Partners as a full-time partner, the early-stage venture capital firm said on Friday. In this role, Bhushan will be a key member of the

Govt likely to withdraw Infosys billion tax demand after backlash. Authorities last month ordered Infosys to pay the additional amount, arguing that its overseas offices should pay GST dating back to 2017

JSW Neo Energy bags 300MW wind-solar hybrid power project from NTPC. JSW Energy on Friday said its arm JSW Neo Energy has received a Letter of Award (LoA) from NTPC for setting up a 300 MW wind-solar hybrid power project. Following this capacity award, the company's total locked-in generation capacity has risen to 16.7 GW,

DGCA slaps Rs 90 lakh fine on Air India for flying with unqualified crew. Air India Director of Operations and the Director of Training also face Rs 6 lakh and Rs 3 lakh fines, respectively

Viacom18 delivers historic Olympics presentation, streaming breaks records. For the first time, Olympics coverage in India was presented across 20 concurrent feeds, on JioCinema for free, as fans watched their preferred action and Indian performances

Air India fined Rs 99 lakh for operating flight with unqualified pilots. Regulator says incident in July had 'significant safety ramifications'

Tata Power Solar Systems, ICICI Bank partner to finance solar units. Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with collateral

Coca-Cola appoints Greishma Singh as market head for India Southwest Asia. Beverages major Coca-Cola on Friday said Greishma Singh has been appointed as the new market head for India Southwest Asia (INSWA) Operating Unit. Singh will succeed Arnab Roy, who was recently named the Global Category President, Coca-Cola Trademark. Her

Peak XV-backed Kenko Health shuts down after running out of funds. Despite securing more than .7 million in funding from investors like Peak XV Partners, Orios Venture Partners, and Beenext, the health startups faced challenges securing key licences

Viacom18 gains the highest-ever viewership for Olympics in India. The opening ceremony was made available across Sports18 Network, Colors Network, VH1, and MTV, besides being free on JioCinema

M3M India reports 37% increase in real estate sales in June quarter. Realty firm M3M India on Friday reported a 37 per cent increase in sales of residential and commercial properties in the June quarter to Rs 3,911 crore on strong demand. Its sales bookings stood at Rs 2,854 crore in the year-ago period. Out of total sales

SBI can support loan growth, lower deposit growth not a challenge: Khara. Amid concerns over the continuing gap between deposit and loan growth, SBI Chairman Dinesh Khara on Friday said it is not posing any challenges for the country's largest lender as it is able to support the uptick in advances. The bank is unwinding a part o

Bikaji Foods International acquires majority stake of 55% in Ariba Foods. Snacks manufacturer Bikaji Foods International on Friday said it has acquired majority stake in Ujjain-based Ariba Foods, which specialises in snacks and frozen foods. Bikaji Foods International has acquired a 55 per cent equity stake in the company totall

Reliance Capital lenders move NCLAT against Hinduja Group's IIHL. CoC wants to forfeit funds deposited by IIHL in case of a default

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