NSE share market NEWS tomorrow (22 March, 2022). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (22 March, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 22 March 2022
Cyient was amongst the top gainers, currently trading at 950.00 in NSE with 3.685 times change in volumes and 5.438% change in price. Other gainers included Tech Mahindra with 3.946% price change and 1.436 times volumes, Bharat Petroleum with 3.135% price change and 1.207 times volumes, Bharat Forge with 3.057% price change and 1.809 times volumes, and Fsn E with 3.023% price change and 1.868 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 687.50 in NSE with 0.428 times change in volumes and -4.081% change in price. Other losers included Macrotech Developers with -3.965% price change and 2.352 times volumes, One 97 with -3.836% price change and 2.032 times volumes, Godrej Consumer with -3.178% price change and 1.845 times volumes, and Idfc First with -2.987% price change and 2.783 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.
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
Bank of India invests nearly Rs 109 cr in NARCL. The bank's shareholding in NARCL will come to 9 per cent as on March 21, 2022
Qualcomm launches 0 mn Snapdragon Metaverse Fund for XR firms. The fund will invest in developers and companies building unique, immersive XR experiences, and associated core AR and related AI technologies
Spandana Sphoorty looks to steady ship after over 4 months of uncertainty. The MFI, backed by private equity fund Kedaara Capital, experienced a jolt in November 2021 after Padmaja Reddy, founder and managing director (MD), quit abruptly.
Market cap of 10 most valued companies increases by over Rs 2.72 trn. Reliance Industries' m-cap swelled by Rs 54,904.27 crore to Rs 16,77,447.33 crore last week.
Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat. Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen by 2026, for local manufacturing of Battery Electric Vehicles and BEV batteries in Gujarat
Suzuki Motor powers EV rush in India with Rs 10,440-crore investment. Maruti's rivals, such as Hyundai and Tata Motors, have announced elaborate plans for electrification of their products
BSNL sees service revenue at Rs 1,700 bn in FY22; says it can defend turf. BSNL expects over Rs 1700 bn revenue from services in FY22, a tad lower than previous fiscal, due to removal of call connect charges that used to bring in additional inflows, says Chairman PK Purwar
Working to improve tax literacy for widening taxpayer net: CBDT chairman. Income Tax department is working to improve abysmally poor tax literacy in India so that the number of tax paying people, entities can be increased leading to enhanced collections, J B Mohapatra said
SBI lines up 12 NPA accounts for sale to recover dues of over Rs 820 cr. Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications. In terms of the bank's policy on sale of financial assets, in line with the regulatory guidel
Govt plans to merge BBNL with BSNL this month, says telecom's CMD. The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent
Japan's Suzuki to invest .4 billion for EVs, batteries at India factory. Suzuki Motor plans to invest 104.4 billion rupees (.37 billion) in its India factory to produce EVs and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday.
Steel major JSPL Mauritius' arm makes $ 357-mn prepayment to lenders. Homegrown steel major JSPL on Sunday said its subsidiary in Mauritius has made a prepayment of USD 357 million to lenders. The prepayment will help clear the entire debt on Jindal Steel & Power (Mauritius) (JSPML), Jindal Steel and Power Limited (JSPL) sai
Logistics firm TCI lines up Rs 250 cr capital expenditure for FY23. Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, a top company executive has said.
Amazon scales up efforts to increase its women workforce in India. Putts spotlight on women staff, associates, partners who have fought societal, cultural, disability and economic barriers and are also redefining role of a woman in fast-paced e-commerce sector
Reliance-ACRE combine wins race for ailing textile firm Sintex Industries. Lenders approve resolution plan with 100% vote
Reliance Retail pays Rs 950 cr for 89% stake in D2C lingerie brand Clovia. The firm will invest Rs 950 crore via a combination of secondary stake purchase and primary investment
Isha Vidhya, BYJU's join hands to educate children in rural areas. With the aim to empower and provide children across geographies with equal learning opportunities, BYJU's has collaborated with Coimbatore-based Isha Vidhya, a non-governmental organisation (NGO). Under the partnership, Isha Vidhya and BYJU's would provide
India to be Herbalife Nutrition's largest market globally: CEO. The company's biggest market is the United States where its business started and it has become a much more mature market with penetration across the country
Wockhardt, Serum Institute of India tie up to make vaccines in UK. SII has supplied the AstraZeneca-Oxford vaccine to the UK already, and having a fill-and-finish facility in the UK would help the firm to have closer access to the UK and EU markets.
Reliance Retail Ventures acquires 89% stake in Clovia for Rs 950 crore. The founding team and management will own the balance stake in the company, which include Pankaj Vermani, Neha Kant, and Suman Choudhary, who launched Clovia in 2013
Moderna requests FDA to authorize second Covid-19 booster shot for adults. Moderna submitted a request to the US Food and Drug Administration (FDA) for emergency use authorization on a fourth dose of its COVID-19 vaccine for adults 18 years of age and older
India expected to have over 100 new unicorns in 2022: HDFC Securities. Accelerated funding activity is expected to create over 100 unicorns in India during 2022.
Dodla Dairy acquires Krishna Milk for Rs 50 crore to expand business. Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business. In a regulatory filing, Dodla Dairy informed that the company has executed an agreement with Sri Krishna Milks Pvt Ltd for th
Future group firms to convene shareholder, creditors meeting in April. Future Group's 19 companies operating in retail, wholesale, logistics and warehousing assets would be consolidated into one entity, FEL, and then transferred to Reliance
NMDC produces record 40 MT iron ore, aims 42 MT output in FY22. State-owned miner NMDC on Saturday announced that it has touched a record iron ore production of 40 million tonnes (MT) in this fiscal so far.
What Nykaa CEO says about VCs without women in key positions. Nykaa CEO at a FICCI event said that the founders of her company approached several investors but were rejected because of the absence of women in key positions in venture capitalist firms
ICICI's Sandeep Bakhshi: Business Standard's 'Banker of the Year'. Sandeep Bakhshi took over the reins of ICICI Bank at a rough time. He steered the bank out of troubled water in the past four years, winning back trust. He's Business Standard's 'Banker of the Year'
Moderna seeks FDA authorization for 4th dose of Covid vaccine shot. Drugmaker Moderna asked the Food and Drug Administration on Thursday to authorize a fourth shot of its COVID-19 vaccine as a booster dose for all adults. The request is broader than rival pharmaceutical company Pfizer's request earlier this week for the re
Ola Electric to raise prices of S1 Pro e-scooter in next purchase window. Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window
Meta sues fake customer engagement service provider directed at Facebook. Meta (formerly Facebook) has filed a lawsuit against Chad Taylor Cowan for providing a fake engagement service directed at Facebook.
Premium packaged water brand Clear Pani aims to treble sales to Rs 300 cr. The target follows the firm's confidence in doubling its turnover in the current financial year 2021-22 to over Rs 110 cr
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