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

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

Havells India was amongst the top gainers, currently trading at 1534.35 in NSE with 2.188 times change in volumes and 4.438% change in price. Other gainers included Max Financial with 3.095% price change and 2.836 times volumes, Samvrdhna Mthrsn with 2.774% price change and 3.421 times volumes, Pb Fintech with 2.312% price change and 1.203 times volumes, and Kalyan Jewellers with 2.159% price change and 2.6 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.

Idea Cellular was amongst the top losers, currently trading at 13.65 in NSE with 2.154 times change in volumes and -13.88% change in price. Other losers included Himachal Futuristic with -7.007% price change and 1.021 times volumes, Kfin Technologies with -5.888% price change and 1.27 times volumes, Godrej Properties with -5.596% price change and 0.979 times volumes, and Yes Bank with -5.179% price change and 1.195 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.

Tata Group firm Agratas to build UK's biggest EV battery plant in Somerset. Agratas, Tata Group's global battery business, on Wednesday confirmed that it will build Britain's biggest electric vehicle battery manufacturing facility in Somerset, south-west England. The so-called gigafactory, announced last year, will be built on the

Reliance, Disney sign .5 bn deal to form JV, to merge media ops in India. Reliance, led by Asia's richest man Mukesh Ambani, will inject .4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake

Torrent Power raises Rs 700 crore through non-convertible debentures. Torrent Power on Wednesday said it has raised Rs 700 crore through Non-Convertible Debentures (NCDs) issued on a private placement basis. The NCDs are proposed to be listed on wholesale debt market segment of the NSE, a regulatory filing said. According to

PepsiCo India looking to capture bigger share of potato-based chips market. The potato chips market is valued at Rs 9,000 crore, with PepsiCo's Lay's brand as the dominant player

Sunil Bharti Mittal conferred honorary knighthood by King Charles III. Mittal is the first Indian citizen to be awarded the Knight Commander of the Most Excellent Order of the British Empire (KBE) under King Charles III

Reliance Consumer to bring Sri Lankan beverage Elephant House to India. With this tie-up, RCP adds another brand to its beverage portfolio. It already has brands such as Campa, Sosyo and Raskik

Google hit with .3 bn lawsuit by 32 media groups including Axel Springer. Google last year said it disagreed with EU antitrust charges against its ad tech business where it is involved in both the buy-side as well as the sell-side of the supply chain

CIL to hold 51% stake in Rs 11,700 crore coal-to-chemical JV with BHEL. Coal India Limited (CIL) on Wednesday said it will hold a 51 per cent stake in the joint venture with Bharat Heavy Electricals Limited (BHEL) for the coal-to-chemicals project in Odisha. "To form a JV company to undertake coal-to-chemicals business by init

Vedanta eyes bn Ebitda in FY25, reiterates guidance on profit targets. Mining conglomerate Vedanta Group is eyeing USD 6 billion of pre-tax profits in the next financial year and scaling it to USD 7-7.5 billion in the following year on the back of operational efficiencies across businesses. "The building blocks are already in

NCLT asks Byju's to keep funds via rights issue in escrow account. NCLT has also directed Byju's to consider the extension of the closure date of the rights issue

SpiceJet settles mn dispute with Celestial Aviation outside tribunal. SpiceJet had announced on February 22 that it had raised a second tranche of Rs 316 crore under the preferential issue of equity and warrants

Reliance, Disney form joint venture to merge TV, OTT business in India. RIL to invest .4 bn in JV; Nita Ambani named chairperson, Uday Shankar vice-chairperson

Media firm Dailyhunt in advanced talks to acquire India's X alternative Koo. The deal could be finalised 'within weeks' and involves a share-swap agreement, a report released on Wednesday suggested

Adani holds Singapore meeting for first dollar bond since Hindenburg crisis. An executive arrived at an office tower overlooking the city state's Marina Bay in a black van on Wednesday, the first stop on a tour of international financial hubs to win over buyers

Skoda Auto plans to enter mass market of electric vehicles segment in India. Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company's management board member Martin Jahn said o

Kedaara set to raise raising .7 billion for India's biggest PE fund. About 80% of the fund will come from backers of Kedaara's previous funds and 20% will come from new ones that include US- based Cleveland Clinic and the University of Minnesota

Eli Lilly expects to launch obesity drug in India next year, says CEO. The global market for these treatments is expected to reach at least 0 billion by the end of the decade, according to analyst estimates

Pakistani hackers attack Burger Singh website; company responds with humour. The Indian fast-food chain drew the hacker group's attention when it released a politically charged promo code, 'FPAK20'

Reliance Capital to be delisted from stock exchanges, shares drop 4.46%. RCL said that the National Company Law Tribunal in its approved resolution plan for the company is contemplating delisting of existing equity shares from the exchanges

Tata Capital plans to raise 0 mn in debut foreign funding next fiscal yr. "For overseas borrowings, we may also evaluate dollar bonds as there has been lot of interest by overseas investors in Indian corporates."

Tech Mahindra, Pegatron ink MoU to develop AI-enabled private 5G networks. The partnership will enable the two companies to find global prospects collaboratively, with Pegatron offering the 5G connectivity layer and Tech Mahindra delivering end-to-end 5G services

Air India Express looking to operate 40% more flights next fiscal. Low-cost carrier Air India Express is looking to operate 40 per cent more flights next fiscal on the back of fleet expansion, sources said on Wednesday. At the same time, the airline will focus more on consolidating on the domestic routes and will not be a

LTIMindtree joins IBM Quantum Network to explore quantum computing. With the initiative, LTIMindtree said it hoped to establish a series of long-term projects, including applied research toward business and societal problems

Bill Gates visits Microsoft's India Development Center in Hyderabad. Billionaire philanthropist and Microsoft co-founder Bill Gates visited the tech giant's India Development Center (IDC) in Hyderabad, the company said. Gates addressed some of India's brightest engineering minds at the IDC, Rajiv Kumar, Managing Director, M

Messe Stuttgart expects deals worth 0 million at LogiMAT India. Business deals worth USD 500 million (around Rs 4,148 crore) are expected to be sealed at the three-day international logistics fair international logistics fair, LogiMAT India 2024, which started on Wednesday, organiser Messe Stuttgart India said. The Lo

SpiceJet settles Rs 250 cr dispute with aircraft lessor Celestial Aviation. Both parties reached out to the National Company Law Tribunal (NCLT) last week, and now the matter will officially be withdrawn on March 1

PE firm KKR considers selling controlling stake in JB Pharma: Report. The US private equity firm is looking to hire financial advisers to help evaluate a sale of its 53.8% stake in the Mumbai-based company, the people said

Toyota gives no answer to union demands at second round of wage talks. Toyota has not decided yet when it will respond to the union's wage rise request, Takanori Azuma, the automaker's chief human resources officer, said on Wednesday

Reckitt's quarterly sales down after investigation into West Asia business. Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic

Bringing a plug-in-hybrid for India makes no sense for Skoda: Senior exec. Automakers have to be 'flexible and agile' to act according to customers' wishes and government regulations, says Martin Jahn

Swisscom confirms talks to buy Vodafone's Italian unit for 8 bn euros. Telecoms operator Swisscom confirmed on Wednesday it's in talks with Vodafone Group toward a possible purchase of its Italian subsidiary for 8 billion euros (USD 8.65 billion). The Swiss company, which is majority owned by the Swiss government, said in a s

LTIMindtree, IBM, IIT Madras team up for quantum computing research. LTIMindtree, a global technology consulting and digital solutions company, on Wednesday said it has joined the IBM Quantum Network to explore innovations in quantum computing. LTIMindtree will collaborate with the Indian Institute of Technology (IIT) Madra

Alcobrew Distilleries eyes higher exports with launch of single malt whisky. Exports are currently a small part of the company's revenue but the management expects it to gradually increase

Walmart launches Centre for Tech Excellence at IIT Madras for AI adoption. The idea is to leverage cutting-edge solutions in artificial intelligence (AI) and digitisation to enhance operational efficiency and profitability for MSMEs

Genso says it has approval for its flagship two-seater electric car. Vehicle approved by Automotive Research Association of India will have driver assistance feature

PE/VC exits surge 36% to .8 bn in 2023 amid declining investments. The infrastructure sector emerged as the leader, attracting .6 billion in investments in 2023, while traditional favorites such as financial services and technology witnessed a decline

Uday Shankar to be VC of merged Reliance-Disney media business: Report. Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar is set to take a stake of around 9% in the new merged entity

Shadowfax raises 0 million from TPG NewQuest, Flipkart and others. It would use the funds to reinforce its middle-mile network and extend its last-mile delivery services to cover all 20,000 pincodes across India

Godrej Appliances expects 20% growth in AC, refrigerator sales this summer. Homegrown white goods major Godrej Appliances on Tuesday said it expects at least a 20 per cent growth in sales of air conditioners and refrigerators during the summer season. The city-based company is the fourth largest air conditioner brand with 0.7 mill

Logistics firm Shadowfax raises 0 million in TPG-led funding round. The company declined to disclose the valuation at which it raised the funds. It was last valued at 2 million, as of April 2022, per data from investment tracker Tracxn

Roche Pharma launches new drug for multiple sclerosis treatment in India. With the launch of the new drug, the global pharma company hopes to expand its neurology portfolio and cater to the untapped need of patients facing the disease in India

Companies expected to dole out 10% average salary hike this year: Survey. Companies in India are expected to dole out an average of 10 per cent salary increase this year, with automobile, manufacturing and engineering sectors anticipated to witness the highest hikes, says a survey. In 2023, the average salary hike was 9.5 per ce

Adani Green plans to raise 9 million US dollar bonds to repay loan. Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, plans to raise USD 409 million through US dollar-denominated bonds to repay a debt obligation falling this year. In a regulatory filing, the company said the bond

Voda Idea plans to raise about Rs 45,000 crore through equity, debt. Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafon

Not looking to acquire stake in Indian carriers: Malaysian carrier AirAsia. Budget airline flies to 14 Indian cities from Kuala Lumpur and Bangkok, plans to expand service in India

Kolkata-bound Spicejet flight from Delhi delayed 5 hrs due to hoax message. A Kolkata-bound Spicejet flight was delayed for more than five hours on Tuesday after the Delhi airport received a threat message about explosives being hidden in the passengers' luggage, official sources said. A woman carrying an infant has been detained

Skoda Auto India to drive in Brezza, Sonet rival in first half of 2025. Plans four EVs for India over next few years

Electric vehicles set to corner a third of Volvo Car India's 2024 sales. Volvo has also officially confirmed its plans to introduce two additional electric vehicles in the Indian market by 2025

SJVN commissions 100 MW Raghanesda solar power project in Gujarat. State-owned SJVN on Tuesday announced the commissioning of 100 MW Raghanesda solar power project located at Banaskantha district in Gujarat. The project, bagged at a tariff of Rs 2.64 per unit, has been commissioned through its subsidiary SJVN Green Energy

IOCL to relaunch tender to set up a green hydrogen production unit. The recently closed other big green H2 tender was by Solar Energy Corporation of India (SECI) under the aegis of the Union Ministry of New and Renewable Energy

Takeda injects hope: Dengue vaccine clinical trials set to begin in India. Biological E. will increase manufacturing capacity to up to 50 million doses a year, accelerating Takeda's plans to manufacture 100 million doses annually within the decade

Vodafone Idea plans to raise up to Rs 45,000 crore through equity, debt. Funds to be spent on 4G & 5G networks, capacity expansion

Nita Ambani likely to be chair of merged Reliance-Disney media business. The plans could change ahead of an official announcement. Reliance did not respond to a request for comment, while Disney declined to comment

'Scarred' and 'egregious': Global lessors frustrated by Go First case. Lombardi noted that the process of reclaiming planes has shown gradual improvement since the bankruptcy of Kingfisher Airlines, through Jet Airways' insolvency, and onward

Vedanta group's Hindustan Zinc forays into strategic mineral exploration. Vedanta group firm Hindustan Zinc on Tuesday announced the formation of new subsidiary Hindmetal Exploration Services Pvt Ltd. The development aims at the company's foray into strategic mineral exploration and diversification of its portfolio. "In line wit

Meeting with FM 'consultative' and 'positive': fintech, startup executives. The finance minister added that companies must ensure strict compliance and adherence with regulations

Entire country is taken for a ride: SC contempt notice to Patanjali on ads. Misleading ads banned, Centre told to list out steps against false claims

Edtech major Byju's, investors slug it out in NCLT over rights issue. NCLT has directed the parties to file written submissions of their contentions in three days. It has also issued notice to Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC)

Zee board expands scope of advisory panel to include probe assessment. Zee Entertainment Enterprises Ltd on Tuesday said its board has expanded the scope of independent advisory panel to include investigation assessment. The announcement by the company comes amid the ongoing probe by market regulator Sebi against its promoter

Bharat Highways InvIT collects Rs 826 cr from anchor investors ahead of IPO. Bharat Highways InvIT, an infrastructure investment trust, on Tuesday said it has collected Rs 826 crore from anchor investors a day before its Initial Public Offering (IPO). The InvIT has allotted 8.26 crore units to 37 funds at Rs 100 apiece, aggregating

Sion Investment exits CMS Info; ICICI Bank ups stake in ICICI Lombard. Private sector lender ICICI Bank on Tuesday hiked its stake in ICICI Lombard General Insurance by 1.42 per cent

Zee saga: Sony's spurned target shows pitfalls of tempting Indian M&A. To foreign investors, the Sony-Zee saga is a reminder of the need to approach Indian deals with an abundance of caution

Online travel firm Expedia to eliminate 1,500 jobs as its growth moderates. The company and its online travel peers such as Airbnb Inc. and Booking Holdings are contending with moderating travel growth

Here's how Centre is gearing up BSNL to compete with private telecom peers. The measures include network upgradation, employee cost rationalisation and a proposal to provide more value-added services

94% of Indian companies to reskill employees due to impact of AI: LinkedIn. The LinkedIn report also highlights that 48 per cent of India's hiring managers are providing career progression opportunities to their existing employees

NCLT approves Hinduja firm IndusInd's resolution plan for Reliance Capital. The National Company Law Tribunal on Tuesday approved Hinduja Group firm IndusInd International Holdings' Rs 9,650-crore resolution plan for Reliance Capital. The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holding

With Microsoft's support, this French co is gearing up to challenge OpenAI. Mistral has announced a partnership with Microsoft, just like OpenAI and has also launched its own LLM

Jana Small Finance Bank gets RBI nod to re-appoint Ajay Kanwal as MD & CEO. On February 14, Bengaluru-based Jana Small Finance Bank was listed at a 4 per cent discount of its initial public offering price

Sunil Chemmankotil to step down as CEO of TeamLease Digital Pvt Ltd. Neeti Sharma would be the new CEO of TeamLease Digital with effect from March 26

Zydus Lifesciences' Rs 600 crore buyback offer to open on Feb 29. Zydus Lifesciences on Tuesday said its offer to buy back 59.7 lakh shares at Rs 1,005 apiece, aggregating to Rs 600 crore, will open on February 29. The share repurchase programme will close on March 6, 2024, the drug firm said in a regulatory filing. The

India to have largest R&D presence outside US by 2025: Bristol Myers CEO. Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's Syngene International

Zoho launches PoS solution called Zakya for small, medium enterprises. Digital service priced at Rs 649 per month helps in inventory management, omnichannel sales and other back-office tasks

Zydus Lifesciences announces share buyback of Rs 600 cr; to open on Feb 29. The buyback will open on February 29 and the share repurchase programme will close on March 6, 2024

Adani Green Energy to raise 9 million via US dollar-denominated bonds. Since then, most of the group's foreign bonds are back above the levels they traded at before the Hindenburg report, giving the company comfort to look at a fresh issue of dollar bonds

Volkswagen Group's Skoda eyes larger share in India with new small SUV. Volkswagen and Skoda, which form the bulk of sales for the Volkswagen Group, have a 2.2% market share in India

Corporate affairs ministry probing Chinese cos linked to mobile loan apps. The corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authoriti

'Sitting with eyes closed': SC rebukes Centre over misleading Patanjali ads. The Supreme Court had warned Patanjali Ayurved against disseminating 'false' and 'misleading' claims in its advertisements

Puma expects weaker first half due to 'challenging' market conditions. Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods

FM Sitharaman confident of India Inc aligning to nation's development goals. Finance Minister Nirmala Sitharaman on Tuesday exuded confidence that India Inc will align itself to the developmental goals of the nation with an objective of making the country a developed nation or 'Viksit Bharat' by 2047 on the 100th anniversary of ind

Startups are the backbone of new India, it's our time under the sun: Goyal. Goyal said that the event will be a platform to showcase India's success stories built over the last decade. It would also showcase to the world that "India has today emerged as a global leader"

CCI proposes changes in confidentiality regime for efficient proceedings. CCI's proposed amendments to the confidentiality regime aim to streamline the processes and enable timely disposal

Maruti Suzuki, Union Bank of India partner for dealer financing solutions. Maruti Suzuki India on Tuesday said it has inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the aut

Happiest Minds Technologies creates new vertical-led organisation structure. 'The potential of this new structure is immense and will be the bedrock of new growth engines, enabling us to compete better in the global markets and realize our vision of reaching bn in revenues'

MCX and JFX sign MoU for knowledge sharing and regional development. The partnership will contribute to the advancement of both marketplaces through the sharing of knowledge, best practices, and education and facilitate market development in their respective regions

Paytm likely to partner with four banks for enabling UPI transactions. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app

Adani Group unveils defence complex, 2 million investment plan. The plans highlight the ports-to-power conglomerate's ambitions in the lucrative defence sector where manufacturing is largely dominated by government-owned companies

Blume Ventures invests million in edtech firm Interview Kickstart. This is Blume Ventures' largest opening investment to date and is a clear vote of confidence in Interview Kickstart's vision, market leadership, and demonstrated profitable growth, the company said

Paytm likely to partner with four banks for enabling UPI transactions. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app

No country other than India has better prospects for future: Maruti Suzuki. There is no other country in the world better placed than India in terms of future growth, Maruti Suzuki India Chairman RC Bhargava said on Monday. Speaking at an event here, the veteran industry leader noted that the country needs to get rid of the old ba

Canara Bank board approves 5-for-1 stock split to increase affordability. The lender would need two months to get an approval for the stock split from the Reserve Bank of India, it said in an exchange filing

Providence Health bulks up India services unit to tap more clients. The facility, which currently employs around 1,400 people, plans to partner with more hospital operators and, with it, increase its headcount to 3,500 next year, CEO Rod Hochman told Reuters

Private capex in India poised for take off: Mahindra Group CEO Shah. Private capex in India is poised to take off with the country's "amazingly strong" growth so far, led by government spending, set to attract investments, Mahindra Group CEO and Managing Director Anish Shah said on Monday. The current lower demand from rura

Cipla receives approval from drug regulator CDSCO for UTI drug. Plazomicin is a new intravenous (IV) aminoglycoside that has demonstrated efficacy and safety in clinical trials compared to meropenem (antibacterial agent)

CBI court convicts Bank of Baroda manager after 27 years of chargesheet. A special CBI court in Mumbai has convicted a manager of the Bank of Baroda in two separate cases after 27 years of charge sheet for causing a total loss of over Rs 15 crore to the bank, officials said on Monday. The CBI had charge-sheeted Ramchandra Shrid

NTPC crosses 100 million tonne coal production mark from captive mines. State-owned NTPC on Monday said it has crossed 100 million tonne (MT) coal production mark from its captive mines. The milestone was achieved on February 25, 2024, NTPC said in a statement. "Coal mining subsidiary NTPC Mining Ltd (NML) has produced 100.04

Food delivery company Swiggy changes registered name ahead of IPO. Swiggy is planning to file its draft red herring prospectus with the Securities and Exchange Board of India for its IPO in the next couple of days, aiming for an billion IPO valuation target

Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank. The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank

'Leap forward in self-reliance': Adani Defence unveils ammo, missile sites. The inauguration coincided with the fifth anniversary of Operation Bandar, the Indian Air Force (IAF) bomb strikes on a terrorist camp inside Pakistani territory

Citigroup hires JPMorgan's Viswas Raghavan as head of banking, exec VC. Raghavan, who is expected to start at the bank in summer, will also join the firm's executive management team and report directly to Fraser, Citigroup said in an internal memo Monday

Chipmaker Broadcom sells remote-access unit to PE firm KKR in bn deal. The end-user computing (EUC) unit will become a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement on Monday

Latest stock market News for tomorrow Access previous news reports: 448449450451452453454455456457458459460461462463464465466

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