New Delhi: Indian indices are expected to track the gains of their Wall Street counterparts, all of which closed over 1 per cent higher on Friday after US Federal Reserve chairman Jerome Powell stated in his Jackson Hole speech that the time had come for rate cuts with inflation largely under control and rising unemployment showing signs of a cool down in the US economy.
Ambuja Cements: US-Australian investment company GQG Partners has invested Rs 1,679 crore in Ambuja Cements for a 1.1 per cent stake in the Adani Group company taking its total share to 2.5 per cent.
BEL: The state-owned company will be included in the Nifty50 index from September 30, 2024, the NSE said in a notification.
Divi’s Labs: The company will be removed from the Nift50 index, effective September 30, 2024, the NSE said in an official statement.
Godfrey Phillips: A special proposal to reappoint Bina Modi as MD at the Annual General Meeting scheduled on September 6 has been opposed by proxy advisory firm Glass Lewis while backing Samir Modi’s seat on the board.
Hero Motocorp: The company’s auto component manufacturing arm plans to raise up to Rs 900 crore via IPO route, having filed papers with markets regulator SEBI.
Infosys: The IT company plans to acquire more companies after 2 acquisitions this year, said CEO Salil Parekh. The IT giant has been accused of stealing trade secrets in a lawsuit filed in a US federal court by rival Cognizant’s unit Trizetto.
KEC International: The company secured an order worth Rs 1,079 crore from multiple countries in the Middle East region as well as the Americas, taking its total order book to RS 8,700 crore.
LTI Mindtree: The company will be removed from the Nifty50 index effective September 30, 2024, the NSE said in a statement.
ONGC: The state-owned company opened a new well in the Bay of Bengal’s Krishna Godavari basin, it said on Sunday. The oil exploration was also fined for failing to have women directors on its board in line with listing norms.
Oil marketing cos: IOCL and BPCL were fined for failing to meet the listing norms which require companies to appoint a fixed number of women independent directors on their board.
REC: The power finance company has signed an agreement to fund multiple Jawaharlal Nehru Port Authority (JNPA) projects to the tune of Rs 45,000 crore.
Reliance Capital: The debt-ridden company’s Lenders have raised concerns over a Rs 7,300 crore term sheet handed by IndusInd International Holdings Ltd (IIHL), a Hinduja group company since it entails multiple conditions imposed on the settlement of debt to the committee of creditors.
Trent: The Tata Group company will be included in the Nifty50 index effective September 30, the NSE said in a statement.
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Stocks in News Today: From Ambuja Cements to Reliance Capital, here are stocks that are likely to remain in focus on August 26. 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
