May 29 2023

Stocks Those Will Be An Action: Paytm, Adani Power, L&T

Stocks Those Will Be An Action: Paytm, Adani Power, L&T

Here's a look at the stocks that are likely to remain in the news today.

Paytm: Shareholders of One97 Communications, which operates under the Paytm brand, have approved the reappointment of Vijay Shekhar Sharma as the company's managing director and chief executive officer, according to a scrutinizer report filed by the company on Sunday.

AstraZeneca Pharma India: A major pharmaceutical company has received import and market clearance in Form CT-20, the next new drug approval, from the Drugs Controller General of India (DGCI) for Olaparib film-coated tablets. With this approval, Olaparib 100mg and 150mg film-coated tablets may be indicated as monotherapy for the adjuvant treatment of adult patients with high-risk HER2-mutated BRCA-negative early breast cancer who have previously been treated with neoadjuvant or adjuvant chemotherapy.

Larsen & Toubro Ltd: The conglomerate has commissioned a Green Hydrogen Plant at its manufacturing complex in Hazira, Gujarat. The plant will produce 45 Kg of Green Hydrogen daily, which will be used for consumption at the company's Hazira manufacturing complex, the company said.

Adani Power: Adani Power announced it will acquire DB Power Limited for a company value of Rs 7,017 crore, the company said. Power flagship Adani Group, with this acquisition, aims to expand its offerings and operations in the thermal power generation sector in the state. DB Power owns and operates two units of 600 MW Thermal Power Plant in Janjgir Champa district of Chhattisgarh. Diligent Power (DPPL) is the parent company of DB Power.

JSW Steel: The steel maker has entered into a 50-50 joint venture agreement with National Steel Holding (NSHL) for setting up scrap shredding facilities in India.NSHL is a metal recycling, collection and processing business based in Auckland, New Zealand.

TCS: India's largest exporter of software services Tata Consultancy Services (TCS) has delayed payment of variable compensation or performance bonuses by a month for some employees for the June quarter (Q1 FY23).

Oriental Hotels: Nippon Life India Trustee has released a 1.95 lakh equity stake, or 0.1 percent stake, in the company in an open market transaction.

Wockhardt: The pharmaceutical company says it has tied up with various partners to launch the product in the US market with the Illinois-based manufacturing plant ready to release all workers gradually as part of a business restructuring in the US market.


Posted by : Arti Potdar

Editor/copywriter/SEO analyst at Global Market, create content on Sport, Business, Educational, International, Political, Technical, Entertainment, Lifestyle.

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