The domestic equity market was trading greater on Tuesday. Sensex increased 65 indicate 65,280 and Nifty was up 22 pts to 19,416.
Here’s a take a look at stocks that are most likely to stay in news today.
Welspun Enterprises
Welspun Enterprises has actually revealed the effective acquisition of a 50.10% stake in Michigan Engineers from Authum Investment & Infrastructure Limited and Sansaar Housing Finance Limited, for an equity financial investment of Rs 137.07 crore.
Tata Power
The business’s subsidiary Tata Power Renewable Energy Ltd (TPREL) tattooed a power purchase arrangement (PPA) for 9MWp on school solar plant with Tata Motors’ Pantnagar plant in Uttarakhand. The job will be commissioned within 6 months from the PPA execution date. Tata Motors likewise discussed that a 7 MWp solar job was formerly carried out by TPREL and Tata Motors at the Pantnagar production center. The solar plant will be the biggest on school solar center in Uttarakhand.
BHEL
BHEL has actually received an order from Mahan Energen, a unit of Adani Power. The order deserves about Rs 4,000 crore. The order relates to the supply of equipment (boiler, turbine, generator) and guidance of erection & commissioning for 2×800 MW power job based upon supercritical innovation at Bandhaura, Madhya Pradesh. Boiler and turbine generator are to be made at BHEL’s Trichy and Haridwar plants, respectively.
Paytm
Paytm is buying AI to build an Artificial General Intelligence software stack to help monetary institutes capture threats and scams, said chief Vijay Shekhar Sharma in the fintech company’s yearly report for 2022-23. In his letter to investors, Sharma spoke that Paytm originated mobile payments in India and led mass adoption with developments like QR Codes and Soundbox.
Union Bank of India
Shares of Union Bank of India Ltd remain in focus as the board of the lending institution authorized raising of as much as Rs 5,000 crore through certified institutional positioning (QIP). Floor cost for the QIP has actually been repaired at Rs 91.10 per share. The choice was taken by Union Bank’s committee of directors for raising capital funds, which fulfilled on Monday.
Adani Power
Shares of Adani Power remain in focus after the Adani group business in a financier discussion said it was intending to accomplish a thermal generation capability of 21,110 MW by FY29, with proposed brownfield jobs and inorganic development. Adani Power has an existing capability of 15,210 MW. It has actually devoted brownfield jobs of 1,600 MW and proposed another 3,200 MW jobs.
Adani Enterprises
Shares of Adani Enterprises remain in focus today as the Adani group promoters upped stake in the group’s flagship company, taking it near to the 70 percent mark. Kempas Trade and Investment Ltd, a promoter group entity, raised its stake to 69.87 percent in Adani Enterprises from 67.65 percent percent. The promoter company obtained this extra 2.22 percent stake through free market operations in between August 7 and August 18.
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Also read: Adani Power shares in focus as Adani company goes for 21,110 MW thermal generation capability by FY29
