NSE share market NEWS tomorrow (24 December, 2021). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (24 December, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 24 December 2021
Kpit Technologies was amongst the top gainers, currently trading at 539.10 in NSE with 2.744 times change in volumes and 4.924% change in price. Other gainers included Suzlon Energy with 4.516% price change and 0.537 times volumes, Coforge with 3.485% price change and 2.533 times volumes, Hcl Technologies with 3.075% price change and 5.669 times volumes, and Tech Mahindra with 2.376% price change and 1.95 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.
Biocon was amongst the top losers, currently trading at 354.45 in NSE with 1.082 times change in volumes and -5.316% change in price. Other losers included Iifl Holdings with -4.621% price change and 1.916 times volumes, Torrent Pharmaceuticals with -3.677% price change and 2.793 times volumes, Syngene Internatio with -3.675% price change and 0.712 times volumes, and Cholamandalam Investment with -3.632% price change and 0.591 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.
Paytm Lending CEO gets additional role to lead offline payments vertical. The fintech company has elevated Bhavesh Gupta, CEO, Paytm Lending to take on leadership for the offline payments vertical in addition to his existing responsibilities
Mumbai's Darwin Platform Infra Ltd wins bid for Pune's Lavasa city. The Committee of Creditors of Lavasa Corporation voted and accepted a Rs 1,814-crore final Total Resolution Plan to revive the city
Myntra's festival sale logs 4 mn customers placing 6.5 mn orders. The beauty and personal care category witnessed the highest demand at 150 per cent over the previous winter edition.
Hexagon Nutrition files IPO papers with Sebi to raise up to Rs 600 cr. Mumbai-based Hexagon Nutrition is a fully integrated company engaged in product development and marketing, including research and development and nutrition manufacturing
HC notice on Tata Motors' plea against rejection of cluster scheme bid. The TML's writ petition, filed through Karanjawala & Co, was listed before a division bench of Justices Vipin Sanghi and Jasmeet Singh
India Ratings revises Vedanta's outlook to positive from stable. The outlook revision reflects a likely improvement in the operational cash flow for FY22 and FY23 because of a significant increase in the operating profitability, says rating agency
Promoter Westglobe exits company; sells 4.43 crore Vedanta shares. Westglobe held 1.19 percent stake in Vedanta which upon selling entirely to Vedanta Holdings Mauritius, takes the latter's holding to 4.08 percent from 2.89 percent as on 30 September, 2021
Adani Transmission wins 2 renewable energy projects worth Rs 1,400 cr. The Karur Transmission Project in Tamil Nadu is worth Rs 200 crore; the one in Gujarat is for Rs 1,200 crore.
Online Ayurveda consultancy platform NirogStreet raises mn in funding. Funds will be used for service and product offerings and to strengthen operations, says company
EESL targets installation of 1.6 cr more 'smart LED' streetlights by 2024. The state-run Energy Efficiency Services Ltd (EESL) is targeting to install an additional 1.6 crore 'smart LED' streetlights across the nation by 2024.
Ola's dream of biggest e-scooter factory hits hurdle amid dearth of chips. Mass production of Ola e-scooters is likely to be pushed back until at least January
Attero to invest Rs 300 crore to ramp up battery recycling capacity. E-waste recycling firm Attero is planning to invest Rs 300 crore in a bid to increase its existing lithium-ion battery recycling capacity by 11 times to 11,000 tons
Qualcomm tops global smartphone apps chip market with double-digit growth. The global smartphone applications processor (AP) market grew 17 per cent to .3 billion in the third quarter (Q3) this year, with Qualcomm and MediaTek posting double-digit growth
Lupin receives tentative USFDA nod for generic Azilsartan Medoxomil tablets. The tentative approval by the US Food and Drug Administration (USFDA) for the abbreviated new drug application (ANDA) Azilsartan Medoxomil tablets is for strengths of 40 mg and 80 mg
Sigachi Industries, which saw bumper listing, bags LoI from Grasim. Sigachi Industries got a bumper listing and secured number one position in 2021 with a gain of 270%
Aditya Birla Money allots 1.6 mn non-convertible preference shares. Non-convertible redeemable preference shares are preference shares that can be redeemed and do not include a preference share that is convertible into or exchangeable with equity shares of the issuer
Daimler India breaches pre-Covid levels with record exports. Daimler said India was a key hub for its trucks, with the Indian subsidiary not only serving the 'growing' domestic demand, but also shipping to over 60 destinations across the globe
GMR partners with Angkasa Pura II for Medan Airport in Indonesia. GMR Airports, a part of the GMR group, had in November won the bid for this high growth potential brownfield airport, through a closely contested international competitive bid process
FIBAC 2021: India Inc spoilt for choice as funding avenues open up. Panelists at FIBAC say banks lose monopoly of being only source of funding to firms
ED slaps Rs 80-cr fine on Magma HDI, Sanjay Chamria, Mayank Poddar. The total amount of penalty of Rs 80 crore is to be deposited within 45 days from the date of receipt of this order
Havells' washing machine manufacturing unit in Rajasthan goes on stream. Homegrown consumer appliances major Havells India on Thursday said its washing machine manufacturing unit at Ghiloth in Rajasthan has gone on stream.
Elon Musk's Tesla rises back to over trillion valuation: Report. The recent surge happened on a slow news day
Meesho aims to reach 100 million monthly transacting users by Dec 2022. Bluetooth headphones, choppers and peelers topped shopping charts of the ecommerce platform this year.
Brazil's Vale sells coal assets to Jindal's Vulcan Minerals for 0 mn. Vulcan is a private company and part of -billion Naveen Jindal Group
CMS Info Systems IPO subscribed 1.95 times on last day of offer. The price range of the IPO was at Rs 205-216 per share
Electric scooter start-up Ather Energy scales up expansion in Kerala. New outlet called in Pattom, Thiruvananthapuram, provides customer support and overview of company's vehicles.
HSBC AMC acquires L&T Finance's mutual fund unit for Rs 3,200 cr. The divestment of mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, says the company
Air India bookings hit as inventory goes off platforms for travel agents. Travel association seeks clarity from national carrier about the problem in their peak business season
HSBC's AMC acquires L&T Mutual Fund business for 5 million. If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore
Health & fitness start-up Healthquad raises mn from Pat Cummins, others. The fast bowler who is also the Test Captain for Australia will be the company's brand ambassador
Jindal SAW to set up precision machine shop in JV with Hunting Energy. Jindal SAW would hold 51 per cent stake in the JV, while Hunting Energy will own the remaining 49 per cent
IndiGo appoints Neetan Chopra as chief digital & information officer. He previously held the position of senior vice-president of IT and innovation at Emirates, according to a statement
Fintech startup mPokket plans to hire 1,500 people in 2022. The Kolkata-based company recruited over 500 people across all functions between April and December 2021
Amazon seeks relief from clarification on ED summons in Delhi HC. Amazon has filed a writ petition against the Enforcement Directorate (ED) in Delhi High Court seeking clarification on "unnecessary" summons issued to its employees
US SEC rejects Apple bid to block shareholder proposal on forced labour. The US SEC has declined an effort by Apple Inc to skip a shareholder proposal asking the iPhone maker to provide greater transparency in its efforts to keep forced labour out of its supply chain.
Indian Oil Corporation, Adani Total Gas top bidders for city gas licenses. Adani group had originally ventured into city gas business in a joint venture with IOC but it later tied up with Total. Adani and IOC did not put any combined bid in the latest bidding round
Macrotech ties up with Morgan Stanley to build warehousing project. Realty firm Macrotech Developers said it has partnered with Morgan Stanley Real Estate Investing to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore.
Eggoz raises .5 mn in Series A funding round led by NABVENTURES. With this funding, Eggoz intends to increase its brand footprint, launch egg-based value-added products, and enter new geographies.
BluePi partners with Snowflake to enable the fast-growing BFSI sector. BluePi Solutions, an established player in data-driven solutions, today, announced the partnership withThis partnership is aimed to serve the financial sector in India, for liberating valued, siloed data and unlocking meaningful insights.Snowflake recently
Insurance broker Marsh increases stake in Marsh India from 49% to 92%. Global insurance broker and risk advisor Marsh on Thursday said it has raised its shareholding in Marsh India Insurance Brokers Pvt Ltd to 92 per cent from 49 per cent. Marsh India is a joint venture between Marsh International Holdings Inc and India-based
Tabreed officially partners with IFC to facilitate expansion in India. Since its establishment in 1956, IFC has invested more than 1 billion in emerging markets
Three senior executives quit financial services firm Paytm, says report. The Noida-based firm has seen several exits in the past two years
Byju's appoints ex-Kearney executive to lead edtech firm's learning centre. Bajaj will be responsible for development and expansion of Byju's Learning Centre, along with providing strategic business growth and thought leadership direction for the brand and the business
IIFL Fintech Fund to invest Rs 300 cr in early-stage fintech startups. The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion
Air France-KLM and IndiGo to start codeshare agreement in 2022. With this new partnership, Air France and KLM will offer their customers access to 25 new Indian destinations
Fintech startup Khatabook plans to double employee base in 2022. The company said that it will continue to strengthen its talent base in 2022 by accelerating hiring across engineering, design, product and data teams
Ashok Leyland announces new truck that has load flexibility, saves costs. The company said that the new product offers operational flexibility to customers to choose the option based on their load, offering best-in-class total cost of operation benefits.
Hero MotoCorp announces upward revision in prices, stock rises nearly 2%. The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market
REC gets 9.5 mn from KfW Development Bank for power, renewable projects. This is the fifth credit line signed between REC Ltd and KfW for financing power sector projects and the third credit line for the financing of renewable energy projects
HC to hear Amazon's plea challenging ED's probe into FEMA violation in Jan. Last month, Amazon had said it was in receipt of summons by the ED in connection with its deal with the Future Group
IOC to invest Rs 9,028 crore for setting up a new crude oil pipeline. A company statement IOC would build nine crude oil tanks of 60,000 kilolitres each at Mundra, increasing its operational and storage requirements in the country.
GMR Infrastructure gets NCLT nod for demerger of non-airport business. GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors
IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups. The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.
Murugappa Group firm to acquire abrasives player Awuko's German assets. CUMI will get land, building, plant and machinery, fixed assets, leased assets, brands and trademarks with the deal.
CAIT opposes Amazon's plan to take over Cataraman's stake in Prione. In August, Amazon and N R Narayana Murthy's Catamaran had announced that they will not continue their joint venture Prione Business Services beyond May 2022
Trials start for Equillium drug for autoimmune disease after India approval. Equillium secured exclusive rights to develop and commercialise itolizumab for the US and Canada markets, in May 2017.
Indian telecom companies eye 5G services rollout with better profits. Telecom is a capital-intensive sector requiring continuous technological upgradation
Advent International picks up majority stake in Encora for .5 billion. Warburg Pincus, the present majority shareholder, would be minor partner
Foxconn's India subsidiary Bharat FIH files for Rs 5,000-crore IPO. Foxconn's Bharat FIH is India's largest EMS provider to the mobile phone industry, with a 23 per cent market share in FY 2021
IDFC approves Anil Singhvi's appointment as chairman with immediate effect. The board also approved a proposal to seek shareholders' approval, by means of a postal ballot, for the appointment of Anita Belani as an independent director
Sebi slaps Rs 1.5 cr fine on Karvy Computershare in Taurus Mutual Fund case. Karvy Computershare allegedly misused its privileged position as RTA (Registrar to Issue and Share Transfer Agent) of Taurus Asset Management Company
Airtel Business, IBM deploy hybrid cloud solution for milk companies. The technology will enable the firms to strengthen support to farmers and securely record and access key information.
EV firm Ather Energy inducts former Ola executives into management team. Ather Energy inducted Ola former executives Gurinder Singh Sukhija as head of ownership management and Murali Sashidharan as head of communications and government relations
E-scooter firm Ather Energy strengthens leadership, hires two execs. Gurinder Singh Sukhija joins as head of ownership management; Murali Sashidharan to lead communications and government relations.
'Rana Kapoor misused position to get property at inadequate consideration'. Yes Bank co-founder Rana Kapoor misused his official position to acquire a valuable property at an 'inadequate consideration', a special court has said
Rupen Jhaveri appointed Group President of Piramal Enterprises. Piramal Enterprises Limited (PEL) on Wednesday announced the appointment of Rupen Jhaveri as its Group President, with primary focus on financial services. In the newly created role, Jhaveri will be responsible for business development, strategy, merger an
Social commerce start-up Gobillion raises .9 mn from YCombinator, others. Group-buying platform allows multiple users to aggregate their purchases and place bulk orders.
Amazon sues ED seeking to quash probe of 2019 investment into Future Group. Amazon moves Delhi HC, objects to ED asking for disclosure of legally privileged documents. Multiple Amazon executives had been summoned and the probe has caused 'unnecessary harassment', it says
Distribution and logistics startup Ripplr raises mn in debt, equity. The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office
Vedanta plans to raise up to Rs 1,000 cr through non-convertible debentures. Vedanta Ltd on Wednesday said it plans to raise up to Rs 1,000 crore through non-convertible debentures (NCDs). In this regard, the company is holding a meeting of its duly constituted committee of the directors next week, Vedanta Ltd said in a filing to t
e-Ashwa Automotive launches range of electric two-wheelers. The new low-speed two-wheelers can run up to 25km/hour with a mileage of 70-100 Km
RINL flags off its first 51 loco wheels shipment to Indian Railways. The first dispatch of 51 loco wheels was flagged off to Lucknow workshop of the Indian Railways
Power ministry working on resource adequacy plan guidelines. The ministry was also discussing some bigger reforms to make discoms viable
Airtel Business, IBM deploy cloud solution for group of milk producer cos. These five large MPCs include Paayas in Rajasthan, Maahi in Gujarat, Shreeja in Andhra Pradesh, Baani in Punjab, and Saahaj in Uttar Pradesh
Validus Wealth plans to grow AUM five times in next three years. The company has crossed the USD 1-billion mark in three years of operations
SADA acquires ByteWave Digital, strengthens partnership with Google Cloud. SADA, a leading business and technology consultancy and Google Cloud Premier Partner, announced its acquisition of ByteWave Digital
Reliance General Insurance to soon launch nine sandbox approved products. The Reliance General Insurance Company said on Tuesday that it will soon come out with nine sandbox products to meet evolving consumer needs
Sony Pictures Networks India, Zee Entertainment sign merger agreement. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence.
Battered Paytm gets its first bullish rating from a major broker. Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday's close
Zee Entertainment finalises deal with Sony's India unit to merge services. Sony's India unit and its local rival, Zee Entertainment, have finalised a deal to merge television channels, film assets and streaming platforms, Zee said on Wednesday.
MPAI, ADIF write to RBI for an extension of tokenisation deadline. MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem
Advent takes majority stake in digital engineering services company Encora. Warburg Pincus, the present majority shareholder of Encora, would retain a minority stake
Monster.com raises Rs 137.5 cr from Mohandas Pai and Akash Bhanshali. The funds raised will be utilised for enhanced investments on product development & marketing in India, SEA and Middle East markets.
Central Bank of India ink co-lending deal with fintech U GRO Capital. MSME lending fintech platform, U GRO Capital on Wednesday announced that it has signed a co-lending agreement with Central Bank of India.
Zee Entertainment board clears media firm's mega merger with Sony. The combined entity will be India's second-largest media company
Tesla announces bringing EV Scooters, charging stations to shops by 2025. Tesla Power USA hosted the "India Business Meet" at the Pride Plaza Hotel in Aerocity, New Delhi.The program was attended by John H. Vratsinas, MD & Global CEO, Kavinder Khurana, Managing Director, India, Sandeep Avasthi, Business Head, India."We are gea
Unbox Robotics raises million in Series-A round led by 3one4 Capital. Supply chain robotics technology company Unbox Robotics announced on Wednesday it raised USD seven million in a Series-A round led by 3one4 Capital with participation from Sixth Sense Ventures and Redstart Labs (Info Edge). The round also saw participatio
Lifestyle, mobility brand Ninety One raises Rs 225 cr in Series A round. Following the capital injection, Ninety One, from AlphaVector (India), is now valued at Rs 1000 crore
Unbox Robotics raises mn in funding from 3one4 Capital, others. Supply chain technology company Unbox Robotics on Wednesday said it has raised USD 7 million (about Rs 53 crore) in funding led by 3one4 Capital. The Series-A funding round also saw participation from Sixth Sense Ventures and Redstart Labs (Info Edge) and
OYO appoints ex-Apple executive Nirdosh Chouhan as senior vice president. Oyo said it has appointed ex-Apple executive Nirdosh Chouhan as Senior Vice President of Engineering and former Swiggy official Kranthi Mitra Adusumilli as Senior Principal Data Scientist.
Central Bank of India, U GRO tie up for co-lending to MSMEs. The disbursement will be to U GRO Capital's varied MSME segments under its programs - Pratham, Sanjeevani, Saathi, GRO MSME and machinery financing
Pine Labs launches 'Plural Tokenizer' to help firms with RBI norms. Service announced in line with central bank's new data security guidelines coming into effect from January 1
ITC's Master Chef frozen snacks joins hands with Havmor Ice Cream. Diversified business entity ITC said its Master Chef frozen snacks has entered into a strategic partnership with Havmor Ice Cream, owned by South Korean conglomerate Lotte group
Digital supply chain financier Veefin raises mn in Series A funding. The Series A funding will be used to build product and engineering teams to enhance SCF technology based on the market's evolving dynamics, said Veefin.
HC directs DMRC to furnish bank account details in execution plea by DAMEPL. Delhi High Court directed the DMRC to file an affidavit furnishing the details of its bank accounts along with the balance amount in connection with a Reliance Infrastructure subsidiary's plea
Mahindra's SsangYong joins Chinese firm for EV battery development. SsangYong Motor has signed a memorandum of understanding with BYD Auto to develop car batteries and produce battery packs for its models
Amazon to acquire full stake in JV Prione Business Services. In August, Amazon and NR Narayana Murthy's Catamaran had announced that they will not continue their joint venture, Prione Business Services, beyond May 2022
Rakesh Jhunjhunwala-backed Akasa Air unveils its brand identity. 'The Tagline 'It's Your Sky' encapsulates an inclusive brand experience by reminding us that the sky embraces everyone,' says Akasa Air
L&T Construction bags significant order from reputed developer. Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged a significant order for its buildings and factories business from a reputed developer. The scope of work includes design and construction of entire civil structure, including waterproo
OYO announces hiring 2 senior leaders for engineering and data science. Nirdosh Chouhan appointed Senior Vice President of Engineering; Kranthi Adusumilli will be the company's Senior Principal Data Scientist
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