Consequent to the above, the TVS Digital has ceased to be a wholly owned subsidiary of the Company effective 16 September 2024.

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The offer received bids for 6.14 crore shares as against 2.14 crore shares on offer.

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The domestic equity indices ended with limited gains on Monday. The Nifty closed above the 25,350 mark after hitting the days low of 25,336.20 in early afternoon trade. Media, metal and realty shares advanced while FMCG, IT and pharma shares declined.

Strides Pharma Science rallied 3.13% to Rs 1,395.80 after the company's step-down wholly owned subsidiary, Strides Pharma Global Pte, Singapore has received US Food & Drug Administration (USFDA) approval for Fluoxetine tablets.

Dixon Technologies (India) surged 7.47% to Rs 13,994.45 after its wholly owned subsidiary, Padget Electronics entered into memorandum of understanding (MoU) with Asus India for manufacturing of information technology products.

KDDL Ltd, Sportking India Ltd, India Shelter Finance Corporation Ltd and Kwality Pharmaceuticals Ltd are among the other losers in the BSE's 'B' group today, 16 September 2024.

Information Technology stocks were trading in the negative zone, with the BSE Information Technology index falling 27.01 points or 0.06% at 43957.13 at 13:39 IST.

At 13:30 IST, the barometer index, the S&P BSE Sensex rose 143.76 points or 0.17% to 83,034.59. The Nifty 50 index added 43.30 points or 0.17% to 25,399.80.

Samvardhana Motherson International Ltd is quoting at Rs 192.54, up 1.08% on the day as on 12:49 IST on the NSE. The stock is up 93.99% in last one year as compared to a 26.02% gain in NIFTY and a 56.07% gain in the Nifty Auto index.

PVR Inox Ltd is quoting at Rs 1692.8, up 2.27% on the day as on 12:49 IST on the NSE. The stock is down 1.12% in last one year as compared to a 26.02% spurt in NIFTY and a 7.03% spurt in the Nifty Media index.

Sun TV Network Ltd is quoting at Rs 835, up 1.18% on the day as on 12:49 IST on the NSE. The stock is up 40.67% in last one year as compared to a 26.02% jump in NIFTY and a 7.03% jump in the Nifty Media index.

Vedanta Ltd is quoting at Rs 471, up 3.73% on the day as on 12:49 IST on the NSE. The stock is up 99.15% in last one year as compared to a 26.02% jump in NIFTY and a 36.45% jump in the Nifty Metal index.

National Aluminium Company Ltd is quoting at Rs 187, up 2.55% on the day as on 12:49 IST on the NSE. The stock is up 94.89% in last one year as compared to a 26.02% spurt in NIFTY and a 36.45% spurt in the Nifty Metal index.

Hindustan Copper Ltd is quoting at Rs 321.6, up 2.13% on the day as on 12:49 IST on the NSE. The stock is up 104.39% in last one year as compared to a 26.02% jump in NIFTY and a 36.45% jump in the Nifty Metal index.

Hindustan Zinc Ltd is quoting at Rs 502.4, up 1.17% on the day as on 12:49 IST on the NSE. The stock is up 57.91% in last one year as compared to a 26.02% spurt in NIFTY and a 36.45% spurt in the Nifty Metal index.

Steel Authority of India Ltd is quoting at Rs 133.71, up 1.14% on the day as on 12:49 IST on the NSE. The stock is up 37.99% in last one year as compared to a 26.02% jump in NIFTY and a 36.45% jump in the Nifty Metal index.

Union Bank of India is quoting at Rs 123.91, up 3.1% on the day as on 12:49 IST on the NSE. The stock is up 25.29% in last one year as compared to a 26.02% jump in NIFTY and a 29.1% jump in the Nifty PSU Bank index.

Systematix Corporate Services (SCSL) informed that it has raised Rs 103.12 crore through preferential allotment of equity shares at Rs 1,531 per share.

Torrent Power informed that it has committed investments of over Rs 64,000 crore for green or renewable energy projects at 'RE-Invest 2024' with potential employment of 26,000.

Route Mobile announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on 12 September and 13 September 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors.

Divi's Laboratories said that CARE Ratings has reaffirmed the company's long-term rating at 'CARE AA+' with 'stable' outlook.

India's forex reserves jumped USD 5.248 billion to a new all-time high of USD 689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by USD 2.299 billion to a record USD 683.987 billion for the previous reporting week. For the week ended September 6, foreign currency assets, a major component of the reserves, increased by USD 5.107 billion to USD 604.144 billion, the data showed

The Government of India (GoI) has announced the sale (re-issue) of (i) 7.10% Government Security 2034 for a notified amount of 20,000 crore (nominal) through price based auction using multiple price method and (ii) 7.34% Government Security 2064 for a notified amount of 11,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to 2,000 crore against each security mentioned above. The auctions will be conducted by

Life Insurance Corporation of India (LIC) has undertaken a digital transformation programme named DIVE (Digital Innovation and Value Enhancement). Under DIVE, LIC aims to significantly boost its digital platform with an aim to provide superior experience to its customers, field force, partners and employees.

Shares of Bajaj Housing Finance were currently trading at Rs 154.81 at 10:06 IST on the BSE, representing a premium of 121.16% as compared with the issue price of Rs 70.

Adani Power and Adani Green Energy will sign a long term power purchase agreement (PPA) and supply power agreement (SPA) with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 6600 MW hybrid solar and thermal power.

Derivatives market update for Sept 16: The Bank Nifty Sept futures traded at a discount to spot for the second straight day on Friday. Among stocks, Muthoot Finance, Can Fin Homes, Bharat Forge saw lo

JSW Energy announced that its step-down subsidiary, JSW Renew Energy Two, has completed commissioning for the 300 MW ISTS-connected wind power project awarded by Solar Energy Corporation of India (SECI) tranche X located at Tuticorin, Tamil Nadu.

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GMR Airports Infrastructure's passenger traffic across all GMR Airports increased 9% year on year (YoY) in August 2024, to over 10.6 million passengers.

Trident informed that it has incorporated overseas wholly owned subsidiary named, Trident Group Enterprises Pte. in Singapore.

At meeting held on 13 September 2024

360 ONE WAM informed that a meeting of its board is scheduled to be held on Thursday, 19 September 2024, to consider the proposal of funds raising by way of issue of equity shares through various options.

For generic versions of GADAVIST and DOTAREM

From India Ratings and Research

The Indian rupee witnessed range-bound trade and settled for the day higher by 6 paise at 83.90 (provisional) against the US dollar on Friday supported by weakening of the American currency in the overseas market and significant foreign fund inflows. The dollar index fell below 101, extending losses from the previous session amid growing expectations that the Federal Reserve could act more aggressively when it starts cutting interest rates next week. Meanwhile, the benchmark S&P/BSE Sensex slid

Max Healthcare Institute (MHIL) has entered into a Strategic Collaboration Agreement with Lakshdeep Group, the ultimate promoter group of Jaypee Healthcare (JHL) - which is undergoing Corporate Insolvency Resolution Process (CIRP). This Strategic Collaboration and proposed acquisition will give MHIL a controlling stake in JHL, including its flagship asset, the renowned 500-beds Jaypee Hospital, Noida.

At meeting held on 13 September 2024

Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess and

Mahindra & Mahindra Financial Services said that its board approved to expand the mortgage business which will includes housing finance, top-up loans, lease rental discounting, home improvement and home extension loans, balance transfer loans.

Aegis Logistics Ltd, Prism Johnson Ltd, BLS International Services Ltd and Ajanta Pharma Ltd are among the other losers in the BSE's 'A' group today, 13 September 2024.

Transformers and Rectifiers (India) advanced 3.81% to Rs 690 after the company announced that it has secured orders worth Rs 114 crore from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL).

Including Jag Lalit, company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 mn dwt.

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Andhra Petrochemicals advanced 3.89% to Rs 100 after the credit rating agency ICRA reaffirmed the company's long-term rating at '[ICRA] A-' with 'stable' outlook.

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At board meeting held on 13 September 2024

Edelweiss Financial Services Ltd, Godfrey Phillips India Ltd, Jubilant Pharmova Ltd and Newgen Software Technologies Ltd are among the other gainers in the BSE's 'A' group today, 13 September 2024.