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Stock Alert: Tata Tech, HCL Tech, Railtel Corp, Tejas Networks, AstraZenca Pharma

Stock Alert: Tata Tech, HCL Tech, Railtel Corp, Tejas Networks, AstraZenca Pharma

Securities in F&O Ban:
Glenmark Pharma, Hindustan Copper and RBL Bank are banned from F&O trading on 15 July 2025.
Upcoming Results:
GM Breweries, HDB Financial Services, HDFC Life Insurance, Himadri Special Chemicals, ICICI Lombard General Insurance, ICICI Prudential Insurance, Just Dial will declare their results alter today.
Stocks to Watch:
HCL Technologies consolidated net profit declined 10.77% to Rs 3,843 crore on 0.34% increase in revenue from operations to Rs 30,349 crore in Q1 FY26 over Q4 FY25.
Railtel Corporation of India has received the work order worth Rs 2.64 crore from East Central Railway for provision of Kavach (indigenous train collision avoidance system) on low density railway track in 607 km of East Central Railway.
Tejas Networks reported consolidated net loss of Rs 193.87 crore in Q1 FY26 compared with net profit of Rs 77.48 crore in Q1 FY25. Revenue from operations fell 87.08% YoY to Rs 201.98 crore in Q1 June 2025.
AstraZeneca Pharma India has received permission from the Central Drugs Standard Control Organisation (CDSCO), Directorate General of Health Services, Government of India to import for sale and distribution of Durvalumab Solution for Infusion 120 mg/2.4 ml and 500 mg/10 m.
Tata Technologies reported 9.84% decline in consolidated net profit to Rs 170.28 crore on 3.22% drop in net sales to Rs 1244.29 crore in Q1 FY26 over Q4 FY25.
Brigade Enterprises board has considered and approved the issuance on non-convertible debentures (NCDs) on a private placement basis in one or more tranches for an aggregate amount of up to Rs 1,500 crore.
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Delhi to receive Rs 600 cr Central funds under special assistance scheme
Delhi to receive Rs 600 cr Central funds under special assistance scheme

Business Standard

time23 minutes ago

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Delhi to receive Rs 600 cr Central funds under special assistance scheme

Delhi will receive Rs 600 crore from the Central government under a special assistance scheme for Union Territories, said an official statement on Thursday. Delhi Chief Minister Rekha Gupta said the funds will be used to accelerate development projects across the city, including initiatives for traffic management, drainage, green energy and waste management. Gupta met Union Finance Minister Nirmala Sitharaman and briefed about the progress of various ongoing schemes and future requirements, and highlighted how effective transformations are taking place in the capital with the support of the Central government, the statement said. Sitharaman shared details about the Special Assistance to States/UTs for Capital Investment (SASCI) scheme, under which the Delhi government will receive Rs 600 crore in special financial assistance by the end of this month, it quoted Gupta as saying. The chief minister mentioned that a proposal for this allocation will soon be sent to the Ministry of Finance. Gupta said the Union Finance Minister assured full and continued support from the Centre towards the development of Delhi. "Delhi is not just the capital of the country, but also the cultural, administrative and economic hub of India. Its planned development and good governance should serve as a model for all," she said, adding that the government is consistently working in this direction so that Delhi residents receive all the facilities they rightfully deserve. Expressing gratitude to the Union Finance Minister for her positive outlook and cooperative approach, Gupta said the people of Delhi are witnessing the direct benefits of the collaborative efforts between the Central and state governments. She assured that the SASCI scheme will be implemented effectively and that every effort will be made to transform Delhi into a world-class capital city. Senior officials from both the Finance Ministry and the Delhi government were present during the meeting. The chief minister also emphasised that this meeting was not only crucial for accelerating the development of Delhi but also a prime example of cooperative federalism in action. The SASCI scheme was launched in 2020-21 in response to the economic revival required after the Covid-19 pandemic. It aims to provide interest-free loans for 50 years to states and Union Territories to support capital expenditure. The scheme promotes infrastructure development, employment generation and sustainable growth, and enables states to become active partners in the nation's overall development by equipping them with financial resources, reforms and capital capabilities.

EQT completes acquisition of Niwas Housing Finance, pays Rs 1,750 cr for buy
EQT completes acquisition of Niwas Housing Finance, pays Rs 1,750 cr for buy

News18

time27 minutes ago

  • News18

EQT completes acquisition of Niwas Housing Finance, pays Rs 1,750 cr for buy

New Delhi, Jul 17 (PTI) Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd. Following the acquisition, EQT will invest Rs 500 crore as growth capital to support geographic expansion and enhance digital capabilities of Niwas Housing Finance, a joint statement said. This transaction valued at Rs 1,750 crore marks a significant milestone in Niwas' journey as it expands its presence across India. Founded in 2017, Niwas provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 47,000 low-income homeowners and small businesses, it said. Niwas has AUM (asset under management) of over Rs 3,000 crore as of March 31. 2025, comprising granular, retail, and secured loans. India's Rs 30 lakh crore-plus housing finance market presents a compelling long-term opportunity, driven by urbanisation, rising middle-income households, and strong government support for affordable housing, it said. 'The sector has shown resilience across economic cycles and plays a critical role in advancing financial inclusion. Niwas is well-positioned to serve this demand and will benefit from EQT's in-house digitalisation expertise, network of industry advisors, and expertise in go-to-market strategies. Last year in September, EQT had announced that the BPEA Mid-Market Growth Partnership has agreed to acquire a 100 per cent stake in Indostar Home Finance for Rs 1,750 crore (USD 210 million). PTI DP HVA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 17, 2025, 22:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Andhra Pradesh approves investment proposals worth Rs 39,473 cr
Andhra Pradesh approves investment proposals worth Rs 39,473 cr

News18

time31 minutes ago

  • News18

Andhra Pradesh approves investment proposals worth Rs 39,473 cr

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