NSE share market NEWS tomorrow (23 March, 2022). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (23 March, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 23 March 2022
Steel Authority was amongst the top gainers, currently trading at 103.10 in NSE with 2.295 times change in volumes and 3.618% change in price. Other gainers included Jindal Steel with 3.59% price change and 2.28 times volumes, Indian Hotels with 3.521% price change and 2.102 times volumes, Cummins India with 3.346% price change and 1.691 times volumes, and Au Small with 3.319% price change and 2.088 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.
Pb Fintech was amongst the top losers, currently trading at 713.35 in NSE with 2.012 times change in volumes and -4.753% change in price. Other losers included One 97 with -3.621% price change and 0.34 times volumes, Apl Apollo with -3.129% price change and 1.429 times volumes, Info Edge with -2.819% price change and 1.029 times volumes, and Muthoot Finance with -2.374% price change and 1.183 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.
BabyChakra acquires Tinystep to build India's largest mother-baby platform. Deal, whose value wasn't disclosed, will allow BabyChakra to expand regional footprint with a platform covering 9 languages
Biocon Executive Chairperson Kiran Mazumdar-Shaw elected as RSE fellow. Mazumdar-Shaw, who is also the Executive Chairperson of Biocon Biologics, will be joining RSE's current fellowship of around 1,700 fellows, the company said in a statement
CCI clears Blackstone, TPG buying stakes in Busybees Logistics. Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd.
Ruchi Soya allots shares worth Rs 1,290 cr to anchor investors ahead of FPO. Ruchi Soya has priced its FPO in the range of Rs 615-Rs 650 per share.
Sun Pharma, Ranbaxy Inc sign pact with 2 plaintiff groups to settle claims. Sun Pharma said has disputed the claims of the plaintiffs and defended these matters vigorously
Triveni Turbine arm to acquire 70% stake in S African firm TSE Engineering. With the acquisition of these shares, TSE will become a step down subsidiary of Triveni Turbine Ltd
Grab some popcorn: Mukesh Ambani vs Gautam Adani rivalry is getting intense. Their balance sheets and visions are different but a confrontation between the billionaires looks almost guaranteed.
Will Zomato's 10-minute food delivery turn out to be a game changer?. Zomato on Monday promised to deliver food within ten minutes of ordering, arguably becoming the first company in the world to do so. So, what does it mean for the food delivery ecosystem?
What is attracting IT giants to smaller cities?. Tech companies are venturing into smaller cities in search of talents. And they are finding many in cities like Coimbatore, Bhubaneswar, Lucknow and Jaipur. What are the reasons for this trend?
Rage Coffee onboards Virat Kohli as investor and brand ambassador. Rage Coffee is planning to expand its online presence and offline footprint Pan-India and will utilise the fresh capital for marketing and distribution purposes
I-T searches at Hero MotoCorp CMD Pawan Munjal's premises for 'tax evasion'. About 25 locations in Delhi, Gurugram and other parts of northern India.
Nayara Energy buys Russian Urals crude after gap of 1 year: Report. Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura
OfBusiness financial arm Oxyzo raises 0 mn in Series A funding round. The funds will be used to expand Oxyzo's broader digital financial services play organically and inorganically across a strong own balance sheet play
Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners. The fresh capital is expected to add momentum to Plum's gameplan of further strengthening its omni-channel presence, building new categories and enhancing R&D capabilities
Stanza Living secures mn debt financing from Kotak Mahindra Bank, RBL. With an inventory of more than 75,000 beds, Stanza Living is the managed accommodation provider of choice for students and working professionals migrating to 23 cities across the country
Indian husband and wife entrepreneurs mint own unicorns within a year. Ruchi Kalra co-founded digital lending startup Oxyzo Financial Services; her husband Asish Mohapatra set up OfBusiness to provide financing using technology.
Meesho launches integrated e-commerce app for buyers and sellers. Internet commerce firm Meesho announced the launch of an integrated e-commerce mobile app for buyers and sellers as part of efforts to drive the digitisation of small businesses in the country.
HDFC approves retail home loans to the tune of Rs 2 trillion in FY22. The demand for housing loans is being driven by first time homeowners as well as by those who are looking to move up the property ladder.
MDH denies any move to sell business to Hindustan Unilever. Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL. Terming such reports as "completely false, fabricated and baseles
TCS Rs 18,000 cr buyback subscribed 7.5x, with 300 mn shares tendered. Acceptance ratio is lower than previous buybacks done by the firm
Bajaj Electricals extends licence pact with Morphy Richards for 15 years. Morphy Richards is part of the Irish international electrical appliances group Glen Dimplex
Hero Moto confirms I-T officials visited offices, residence of Pawan Munjal. The company called it a 'routine inquiry, which is not uncommon before the end of the financial year'
No plan under consideration for BSNL's disinvestment: Govt tells Parliament. The current strength of employees is sufficient for the operation of the state-owned telecom corporation, Chauhan said
Top headlines: HDFC approves Rs 2-trn loans; I-T raids Hero Moto premises. Business Standard brings you the top headlines on Wednesday
Meesho launches integrated e-commerce app for buyers and sellers on Android. Sellers, in particular, can expect a superior e-commerce experience with access to multiple features on the app, which were earlier present only on the web versions
Co-working space player iSprout raises mn in pre-series A funding. Large part has been invested by a top infra firm's director; after the round over 75% ownership in iSprout will be with the four co-founders and this investor
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min. The outstanding amount of the discoms (power distribution companies) becomes overdue after 45 days of raising the bill for supply of power by gencos.
Income tax department searches 24 premises of Hiranandani group. Last week, several premises linked to Omaxe were searched by the department for allegedly indulging in "unaccounted" cash transactions with customers of around Rs 3,000 crore.
To 'protect interest', banks to move DRT's Mumbai bench against Future. The lead bank of the consortium has to issue notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
NCLT extends Jet Airways revival plan deadline till March 29. The deadline has been extended by a week to allow lenders to formulate their view on the consortium's application. The matter will now be heard on March 29.
Bombay High Court allows EGM to vote on Zee managing director removal. Invesco holds an 18 per cent stake in Zee and wants to remove Goenka from the board and appoint its own nominees after a bitter legal feud broke out between the shareholders.
Gateway Distriparks ends at Rs 75 on relisting, valuation at Rs 3,730 cr. The Street was expecting the stock to list above Rs 90-close to the adjusted price pre-amalgamation
ArcelorMittal, Greenko to set up 0 mn renewable energy project. Project will be owned and funded by ArcelorMittal, will enable AM/NS India to prune power costs and carbon emissions
Madhulika Bhaskar of GIC Re named acting chairman of New India Assurance. The position of CMD of New India has been lying vacant since former chairman Atul Sahai retired on February 28
Infosys to acquire German digital marketing firm Oddity for Euro 50 mn. With more than 300 digital experts, Oddity is one of the largest independent digital agencies from Germany. For CY21 the company had revenue of Euro 21.6 mn
Indiabulls board approves fundraising plan of up to Rs 50,000 cr. Funds can be raised via NCDs on one or more tranches as private placement
Indian Hotels to eliminate single-use plastic across properties by 2030. Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday said it will completely eliminate single-use plastic across all its hotels by 2030, besides committing to skill 1 lakh youths in the next five years as part of its sustainability and social
Adani Power, Japan's IHI & Kowa join hands for sustainable power generation. This will aim to promote energy cooperation between Japan and India through diverse and realistic energy transitions utilising all energy sources and technologies
Teleperformance aims to be Euro 10 bn by 2025; India to play key role. The company which has 80% of its headcount in India, is ensuring that the country continues to support this growth
Zomato faces backlash on social media over 10- minute delivery plan. Online food delivery platform Zomato was on Tuesday forced to clarify over the road safety of its delivery partners as its plans to start instant 10-minute food delivery faced backlash on social media. Zomato founder Deepinder Goyal, who had on Monday anno
Tata Coffee board approves re-appointment of Chacko Thomas as MD and CEO. Thomas is the managing director and chief executive officer of the company since April 1, 2019
Adani Ports cargo volumes accelerate to 300 million metric tonnes. Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end
TCS ready to roll out 5G network for telecom operator anyday. IT major TCS is ready to put in place 5G network for any telecom operator across the globe on any given day and the company is working in India on a country-specific gears for the network, a senior company official said. TCS head for Communication, Media &
CCPA imposes Rs 10 lakh penalty for misleading ads of Sensodyne. Advertisements which show endorsements by foreign dentists have been ordered to be discontinued as per the earlier order passed by CCPA
Adani Power board okays merger of six wholly-owned subsidiaries. Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself.
Hotel bookings for March-May period cross pre-pandemic levels, says IHCL MD. Hotel bookings for the March-May period this year have surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand, Indian Hotels Co Ltd (IHCL) Managing Director & CEO Puneet Chhatwal said on Tuesday. The head of the Tata gr
Kochi-based startup launches video solutions to CBSE maths problems. Showans.com, the web portal, has initiated the service explaining answers to multiple-choice questions in video format
Parl panel suggests third-party audit of CSR spending by companies. The Parliamentary Standing Committee on Finance expressed concerns over the monitoring mechanism in ensuring compliance with the provisions of CSR
Recover coal companies dues from utilities vigorously, suggests Par panel. The Standing Committee on Coal, Mines and Steel in its report tabled in Parliament said that a huge amount of dues are outstanding from the states and other utilities
GPUIL to start trading on stock exchanges from Wednesday. Equity shares of GMR Power and Urban Infra Ltd, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards. "The scrip will trade under the script ID GMRP&UI," the company said in a statement. GMR Power and
Cybersecurity startup Technisanct receives fresh investment of Rs 2 crore. The company said it received the investment with participation from Shashidhar Pai (S3K Ventures), K T Chandy (Partner-EY) and Surabhi Marwah (Partner-EY)
Zomato in a spot as 10-minute delivery plan faces ire from all quarters. Restaurants are, at the moment, averse to the 10-minute delivery plan
Banks to start debt recovery proceedings against Future Retail: Report. Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer's stores
Chemveda Life Sciences to invest Rs 150 cr for expansion in Hyderabad. Chemveda Life Sciences is a Hyderabad and San Diego headquartered mid-sized contract research organisation which provides solutions to the pharmaceutical, biotechnology and agrochemical industries
Voting advisory firm IiAS gives a thumbs up to Vodafone Idea fund raise. Promoter infusion will pave the way for Rs 10,000-cr additional fund raise for Vodafone Idea Ltd., say experts
Warren Buffett ends drought with Berkshire's .6 bn Alleghany purchase. Warren Buffett's Berkshire Hathaway struck an agreement to buy insurance company Alleghany Corp for .6 bn, weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities
Malaysia's IHH Healthcare offers .35 billion for Ramsay-Sime Darby JV. Ramsay Health Care Ltd and Malaysia-based Sime Darby Holdings have received a .35 bn buyout offer from IHH Healthcare Bhd for their Asia joint venture, the Australian hospital operator said
Refinancing debt more challenging for Vedanta Resources in tight market. While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying ops remain supportive of the company's ability to meet its immediate debt obligations
Infy tops list of firms with strongest ESG scores, followed by M&M, Tech M. Overall, India's rank is 120 on the world Sustainable Development Goals (SDG) index with Finland topping the tables
HC allows Invesco appeal against order on EGM to remove Zee's Punit Goenka. The Bombay High Court allowed an appeal by the largest shareholder of Zee Entertainment against a single-judge order granting interim injunction on holding an EGM to remove Zee's CEO Punit Goenka
Equinix to invest mn to acquire land parcel in Chennai for expansion. In Asia-Pacific, Equinix currently has 52 IBX data centers in key metros across Australia, China, Hong Kong, India, Japan, Korea and Singapore
Oyo to offer free accommodation to Ukraine refugees, starts with Poland. Commenting on the move, Oyo founder and Group CEO Ritesh Agarwal said, 'We are deeply inspired by our homeowners who are opening their homes and hearts to people in dire need'
Vedantu appoints former Reliance, Google executive as chief growth officer. Rungta is a seasoned leader with strong management experience across consumer internet, technology, and SaaS organisations
Indoco Remedies gets final nod from US FDA for Lacosamide tablet. Pharmaceuticals firm Indoco Remedies Ltd on Tuesday said it has received final approval from the US health regulator for its generic Lacosamide tablet indicated for prevention and control of seizures. The approval granted by the US Food & Drug Administrati
Nissan India rolls out 50,000th unit of SUV Magnite from Chennai plant. Magnite has so far received over 1 lakh customer bookings in domestic and export markets, Nissan India said in a statement
Zomato faces backlash after announcing plans to deliver food in 10 minutes. Food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service
Equinix to invest over USD 9 million for expansion in Chennai. The parcel of land located in State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Siruseri on the Old Mahabalipuram Road, popularly known as the IT corridor of the city
Jubilant Foods to buy remaining 10% stake in JV with Golden Harvest. Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL a wholly-owned subsidiary, the company said in a regulatory filing
ArcelorMittal ties with Greenko Group to develop a 975MW RE project. Global steel and mining firm ArcelorMittal on Tuesday announced its strategic partnership with Greenko Group for developing a round-the-clock renewable energy project with 975 MW of nominal capacity.
IndoSpace enhances presence in west with two logistics parks in Gujarat. Spread over 90 acres, these two facilities are located in Becharaji and Bavla in Gujarat
95% workers want digital skills to adapt to job changes due to Covid: Study. But less than half the organisations have training plan in place, says report prepared by AlphaBeta and commissioned by AWS
TCS Rs 18,000 crore buyback subscribed 5.5 times a day before close. Tata group flagship firm is buying back 40 mn shares, or 1.08% of its equity at Rs 4,500 a share. That's a premium of over 21% to CMP
Our vision is to cut edible oil imports totally, says Ruchi Soya. Edible oil and food products major Ruchi Soya Industries, which will launch its Rs 4,300-crore follow-on public offer in the next few days, intends to reduce its edible oil imports in 5 to 7 years
Shankara Building MD offloads co's shares for over Rs 75 crore. Shankara Building Products Ltd's Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh shares of the company for Rs 75 crore through an open market transaction. According to the block deal data on NSE, he sold 10 lakh shares at an average pri
Sun Pharma to acquire 11.28 pc stake in Zenotech from Daiichi Sankyo. Sun Pharma said it will pay Rs 5.32 crore for the stake
Banks to start debt recovery proceedings against Future Retail: Report. Future, hit by the pandemic, has been struggling to pay off its debt and is fighting a bitter legal battle with US retail giant Amazon
Anaplan to go private in .65 bn deal with Thoma Bravo, shares jump. With pandemic-led lockdowns accelerating digital transformations across enterprises, demand for cloud has jumped
Parl panel pitches for carving out MTNL's debt, assets worth Rs 26,500 cr. DoT should consider carving out MTNL's debt and assets worth over Rs 26,500 crore into a special purpose vehicle and then merge its operations with BSNL, according to a Parliamentary panel
Domestic air traffic up 20% sequentially to 7.69 million in February. Airlines saw a sharp rebound in traffic with the decline of Covid cases and easing of restrictions
What does the merger with Blinkit mean for Zomato and its shareholders?. Online food-delivery platform Zomato is set to take over Blinkit -- which pioneered the 10-minute grocery delivery as Grofers. And it's a win-win deal for both. Find out more about the proposed merger
What does Air India board composition say about its future direction?. Last week, Natarajan Chandrasekaran was appointed the chairman of Air India. This will give the airline a leg up ahead of resumption of international flights. How is his onboarding help the airline?
L&T Technology Services aims for carbon, water neutrality by 2030. L&T Technology Services (LTTS) aims to achieve carbon and water neutrality by 2030 and has unveiled its first sustainability report, the company said on Monday. The report, conforming to the Global Reporting Initiative (GRI), presents LTTS' sustainability
Proptech startup under scanner, suspected of tax evasion worth Rs 224 cr. According to CBDT, the startup allegedly obtained huge foreign funding via the Mauritius route, issuing shares at an "exorbitantly" high premium.
Strides Pharma Science signs pact with MPP to market Covid-19 drug. Branded as Kovidax, Strides' generic version of the Pfizer oral treatment will be launched in 95 markets as part of the sub-licensing agreement with Medicines Patent Pool (MPP), the drug firm said
In touch with Tata for providing new aircraft for Air India: Airbus India. Global aerospace major Airbus India on Monday said that it is in touch with Tata Group for providing its new aircraft A350 for Air India.
SoftBank-backed Ola Electric invests in Israeli battery tech firm StoreDot. It's the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing and new energy systems
'Qualcomm chips dominate in Android devices priced above 0'. Qualcomma's share in smartphones priced above 0 increased from 41 per cent in 2020 to 55 per cent in 2021 owing to the launch of flagships Snapdragon 888 and 8Gen 1
Leverage Edu raises mn in Series B funding at 0 mn valuation. Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round
PhonePe acquires GigIndia, top network for freelance micro-entrepreneurs. Transaction value not disclosed; GigIndia to bring 1.5 million entrepreneurs and over 100 enterprises on its platform as part of its integration with PhonePe under the deal
Bizongo buys Clean Slate Tech, aims to help 100 factories adopt IoT by 2023. Deal size not revealed; Clean Slate team to join acquirer
Top headlines: Plane carrying 132 crashes in China; LIC IPO papers updated. Business Standard brings you the top headlines on Monday
Asian Granito files draft letter of offer for Rs 500 crore rights issue. Plans to raise funds to fuel capacity expansion, foray into sanitary ware, surface flooring
Airbus in talks with Tatas, Indian carriers for A350XWB aircraft. Wide-bodied planes like A350XWB have larger fuel tanks that allow them to travel longer distances as compared to narrow-bodied aircraft like A320NEO
CommerceIQ enters unicorn club with 5 mn fundraise in Series D round. Company employs over 150 people out of its Bengaluru office, and is expected to nearly double the headcount by the end of the year
REC board okays Rs 85,000 cr borrowing plan for 2022-23. According to the filing, the company has planned to raise Rs 75,000 through issuance of bonds , term loans and external commercial borrowings
Indian Potash signs 5-year purchase agreement with Israel Chemicals. Indian Potash Ltd has signed a five-year deal to import muriate of potash from Israel Chemical Ltd, according to a government statement released on Monday
Zomato CEO says 10-minute food delivery will soon be a reality: Here's how. 'Nobody in the world has so far delivered hot and fresh food in under 10 minutes at scale, and we were eager to be the first to create this category, globally,' says Deepinder Goyal
CtrlS commences work on its third data center in Hyderabad. The to-be-constructed CtrlS Gachibowli DC2 is located in the Financial District of Hyderabad sharing the neighbourhood with Capgemini, Microsoft, Virtusa, Infosys, and other IT and BFSI companies.
Zomato to test food delivery within 10 minutes in Gurugram next month. To pilot service in Gurugram next month
Indian Potash signs five-year purchase deal with Israel Chemicals. Among the various items that have seen a spike in their prices due to the Russia-Ukraine conflict is Muriate of Potash (MOP) fertiliser
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