Stocks in news: Torrent Pharma, Tata Steel, Adani Enterprises, NTPC Green, Asian Paints, HAL
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Markets edged higher on Friday, extending the ongoing uptrend and ending the session with modest gains. In today's trade, shares of Torrent Pharma HAL among others will be in focus due to various news developments.Torrent Pharma, the flagship company of the Torrent Group, announced on Sunday that it will buy a controlling 46.39% stake in JB Chemicals and Pharmaceuticals from global investment firm KKR.Tata Steel on Sunday said it has received a show-cause-cum-demand notice from the tax department over an alleged irregular use of input tax credit worth over Rs 1,000 crore for the financial years 2018-19 to 2022-23.A proposal to transfer the management of hospital canteens to the Indian Railway Catering and Tourism Corporation (IRCTC) is being considered by Post Graduate Institute of Medical Education and Research (PGIMER) here.Mahindra Holidays received a show cause notice and demand order of Rs 363 crore from Tamil Nadu Tax office for FY19. Alembic Pharma received US FDA approval for doxorubicin hydrochloride injection, which is used in treatment of ovarian cancer.NTPC Green announced the commissioning of the third and last part of the capacity, 120 MW out of the 220 MW for the Shajapur Solar Project (Unit-II).Zen Technologies has received a patent for laser-based military training systems.NLC India said it has received a Letter of Award (LoA) from NTPC Ltd to develop a 450 MW interstate transmission system (ISTS)-connected wind-solar hybrid power project.The US SEC has filed a status update with a federal court in New York, detailing its ongoing efforts to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year.Asian Paints announced that it has acquired the remaining 40% equity stake in Obgenix Software, which operates under the brand 'White Teak', for Rs 188 crore.Hindustan Oil Exploration Company (HOEC) stops production at Block B-80 Due To Adverse Weather Conditions.Prestige Estates and Arihant Group signed an agreement for Velachery land; to develop a premium residential project with Gross Development Value (GDV) of over Rs 1,600 crore.GAIL (India) said it will invest Rs 10,675 crore by subscribing to 106.75 crore equity shares of Talcher Fertilizers as part of a rights issue.BHEL received Rs 6,500 crore order for 6 thermal units of 800 MW from Adani Power.Piramal Enterprises invested Rs 700 crore in arm Piramal Finance through rights issue.State-run aerospace and defence major Hindustan Aeronautics Ltd (HAL) has recommended a final dividend of Rs 15 per equity share for the financial year 2024-25.
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