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News18
13-06-2025
- Business
- News18
Stocks To Watch: Torrent Power, Asian Paints, ICICI Bank, HCL Tech, NTPC, And Others
Last Updated: Stocks to watch: Shares of firms like Torrent Power, Asian Paints, ICICI Bank, HCL Tech, NTPC, and others will be in focus on Friday's trade Stocks to Watch on June 13: Indian markets closed lower on the weekly expiry day, slipping more than 1% after a brief period of consolidation. On June 13, several stocks are expected to be in focus based on key corporate developments and market movements. Torrent Power Ahmedabad-based Torrent Power announced that its wholly owned subsidiary, Torrent Green Energy, has secured a 300 MW wind power project from the Solar Energy Corporation of India (SECI). ICICI Bank ICICI Bank stated that the Reserve Bank of India (RBI) has approved the reappointment of Rakesh Jha as the bank's Executive Director for a term of two years, starting September 2, 2025. Asian Paints Around 3.5 crore equity shares of Asian Paints, held by Reliance Industries Ltd (RIL) through Siddhant Commercials Ltd, were sold at a price of Rs 2,201 per share. After this sale, Siddhant Commercials retains 87 lakh shares in the company. DCM Shriram DCM Shriram informed that its board has approved the 100% acquisition of Hindusthan Specialty Chemicals, a strategic move to expand its specialty chemicals portfolio. HCL Technologies has been selected as a key strategic engineering services partner by Swedish luxury carmaker Volvo Cars, strengthening its global automotive service portfolio. NTPC NTPC Ltd reported that Unit-3 (660 MW) of its Barh Super Thermal Power Project (Stage-1) has successfully completed its trial run, a step closer to full operational status. Canara Bank The board of Canara Bank has approved a capital raising plan of up to Rs 9,500 crore through bonds during the financial year 2025–26. CSB Bank CSB Bank announced that the RBI has approved the reappointment of Pralay Mondal as Managing Director and CEO for another three-year term, starting from September 15, 2025. Capri Global Capital Capri Global Capital, a non-banking financial company, said it has raised Rs 2,000 crore through a Qualified Institutions Placement (QIP), strengthening its financial position and enabling future growth. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 13, 2025, 08:34 IST
India Today
13-06-2025
- Business
- India Today
Stocks to watch on June 13: Tata Group, RIL, HCL, Asian Paints, ICRA, ICICI Bank
Stock markets may remain under pressure on Friday, June 13, after a sharp fall in the previous session. The drop was mainly due to rising geopolitical tension in the Middle East and ongoing uncertainty over trade talks between the United States and news of Israel's attack on Iran has added to investor concerns and could weigh further on Dalal are the key stocks that will be in focus today:TATA GROUP STOCKSShares of several Tata Group companies such as Tata Motors, Tata Steel and Tata Chemicals are expected to remain in the comes after a tragic incident involving an Air India flight. Air India Flight AI171, which was carrying 242 people, crashed in Ahmedabad shortly after airline's parent company, Tata Group, has announced Rs 1 crore compensation for the families of those who lost their lives. They have also committed to covering full medical expenses for the injured and to help rebuild the affected medical college's infrastructure. This could have an impact on investor sentiment linked to the group's PAINTS AND RELIANCE INDUSTRIESReliance Industries has sold 3.50 crore equity shares of Asian Paints through its associate company Siddhant Commercials Limited. The shares were sold at Rs 2,201 each. After this deal, Siddhant Commercials still holds 87 lakh equity shares in Asian Paints. This large transaction could lead to some movement in both stocks power producer NTPC said that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1, has completed its trial run. The unit has now been added to NTPC's installed capacity. With this, NTPC's total standalone capacity stands at 60,926 MW, while its total group capacity is now 82,028 MW. The completion of this project is likely to improve NTPC's power generation capacity in the near GROUP COMPANIESThe Bhartia family, which promotes the Jubilant Group, is expected to sell small stakes in its listed companies. According to a report by CNBC-Awaaz, the family plans to sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through block deals. These deals may affect the stock prices of these companies during the trading BANKICICI Bank has received approval from the Reserve Bank of India for the reappointment of Rakesh Jha as Executive Director. His new term will begin on September 2 and last for two years. The confirmation of his reappointment brings clarity to the bank's BANKCanara Bank's board has approved a plan to raise up to Rs 9,500 crore through bonds in the financial year 2025–26. The fundraising will help the bank strengthen its capital position and meet future business services major HCLTech announced that it has been selected as one of the key engineering service providers by Volvo Cars. The company will work with Volvo from its Centre of Excellence in Gothenburg, as well as its global delivery centres. This partnership is likely to give a boost to HCLTech's position in the automotive engineering POWERTorrent Green Energy, a fully owned subsidiary of Torrent Power, has received a Letter of Award from the Solar Energy Corporation of India (SECI). The award is for setting up a 300 MW wind power project under Wind project must be completed within 24 months from the signing of the power purchase agreement (PPA). The expected investment in the project is about Rs 2,650 crore. This move will help Torrent Power expand its renewable energy agency ICRA has announced that it will acquire Bengaluru-based Fintellix, a company that offers risk and reporting solutions. ICRA will buy 100% of Fintellix for $26 million (in rupee equivalent), through a secondary purchase. The deal is subject to certain adjustments and terms under the Share Purchase Agreement. The acquisition is expected to support ICRA's growth in the technology-based financial services sector. advertisement
Mint
13-06-2025
- Business
- Mint
Stocks to watch: Torrent Power, Asian Paints, RIL, HCL Tech among shares in focus today amid Israel-Iran conflict
Ahmedabad-based Torrent Power announced that its fully-owned subsidiary, Torrent Green Energy, has been awarded a 300 MW wind power project by the Solar Energy Corporation of India (SECI). ICICI Bank announced that the Reserve Bank of India has approved the reappointment of Rakesh Jha as the bank's Executive Director for a two-year term, starting from September 2. Approximately 3.5 crore equity shares of Asian Paints, held by Reliance Industries Limited through Siddhant Commercials Limited, were sold today at a price of ₹ 2,201 per share. Following the sale, Siddhant Commercials is left with a remaining holding of 87 lakh equity shares in Asian Paints. DCM Shriram announced that its board has given the green light to acquire the entire 100% stake in Hindusthan Specialty Chemicals. Chiswick Investment Pte. Ltd, an affiliate of Singapore's sovereign wealth fund GIC, initiated a block deal on Thursday (June 12) to divest a 3.6% stake in Genus Power Infrastructures, with the possibility of increasing the sale by an additional 2.28%. On Thursday, Swedish luxury automaker Volvo Cars named HCL Tech as one of its key strategic partners for engineering services. NTPC notified the stock exchanges that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1 (3x660 MW), has successfully completed its trial run. Canara Bank's board has given the green light to a capital raising plan of up to ₹ 9,500 crore through bonds for the financial year 2025–26. A private sector bank stated that the Reserve Bank of India (RBI) has given its approval for the reappointment of Pralay Mondal as the bank's managing director and CEO for an additional three-year term, starting from September 15, 2025. The non-banking financial company announced that it has secured ₹ 2,000 crore by way of a Qualified Institutions Placement (QIP). Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
29-04-2025
- General
- Time of India
Hills are city's soul, protect biodiveristy park reservations, demand citizens
1 2 3 4 5 Pune's hills are a treasured resource of biodiversity amid a rapidly developing concrete jungle. These green lungs play home to a host of living species, as well as aquifers that form a vital repository of groundwater for a large surrounding population. The hills are also key for carbon sequestration, ensuring the removal of CO2 from the atmosphere before it contributes to the greenhouse effect and global warming. But today, citizens say these hills are under threat. They have pointed out that a govt committee — set up to evaluate if hill areas protected by law can be opened up for construction — lacks the presence of environmental scientists, ecologists, and biodiversity experts. Residents said this absence makes the study group ineffective in addressing complex ecological issues, and demanded cancellation of the panel, while pushing for continued reservation of areas marked as 'biodiversity parks (BDP)' What is the BDP committee? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo State govt has set up a six-member committee to re-examine hilltop and hillslope zones, as well as areas reserved as BDP within Pune Municipal Corporation (PMC) and Pune Metropolitan Regional Development Authority's (PMRDA) limits. BDP reservations were originally listed out in the development plans (DPs) of respective civic bodies. According to a govt resolution (GR) in April this year, the decision to form a committee was taken after govt received multiple requests that construction be permitted in such areas. The 'Jha Committee' is chaired by former IAS Rakesh Jha and includes the PMC commissioner, PMRDA metropolitan commissioner, joint director of city planning in Pune, PMC city engineer and deputy director of urban design at Pune's urban research unit. Member and PMC city engineer Prashant Waghmare told TOI, "We have had two meetings as of now, but the matter to go over is vast. We have asked for an extension of two months and are awaiting state govt's approval for the same." What are citizens demanding? The residents' demand is straightforward — they want green spaces protected at any cost. The hilltop and hillslope zones as well as BDP reservations are for eco-sensitive areas that support flora and fauna, include contiguous forest land and wildlife corridors, and house biodiversity heritage sites, many of which are part of the Unesco-protected Western Ghats. "Environmental considerations should take priority in any planning for these areas," said Ravindra Sinha, convenor of the Baner Pashan Link Road Residents' Welfare group. Citizens feel the current reservation on the hills must remain untouched and no percentage of construction should be allowed. "There has to be a certain percentage of open space per capita. Construction on hills will increase densification of the city," said advocate Madhavi Rahitkar, adding, "The reservation on hills is a part of a 2011 DP approved by state govt so it is a legal reservation and must not be de-reserved for petty reasons or for benefits of a particular lobby. If every inch of land is constructed upon, it is going to be a challenge. Any city needs open spaces to provide fresh air and improve ecological balance. While planning cities, money cannot be the only consideration." "The BDP reservation safeguards Pune's iconic green hills — a lifeline that gives us clean air and cooler temperatures. With increasing pollution, the growing impact of climate change, and unchecked pace of urbanisation, we are at a tipping point. Replacing forests with concrete would irreversibly damage the delicate ecosystem of the hills. Protecting these hills was a commitment made by state govt to Punekars. They must stand by it. Without its hills, Pune will lose its soul," said environmental activist and core-member of Green Pune Movement, Ameya Jagtap. History The movement to protect the areas marked under BDP reservation in Pune began in 2011, when citizens got together to rally against govt's decision to allow 4% construction on the hilltops and hillslopes mentioned in the urban DP. This drew attention to the need to protect the city's precious green lungs. "Back in 2011, no one was even talking about climate change. Our effort was just about protecting green spaces. Today, the need to protect them is more urgent. Pune is already witnessing a heatwave, and more construction will just make matters worse," said Ameya Jagtap, who has been mobilising the youth to protect the hills. Later, in 2015, the BDP reservations as marked in the DP were approved; in 2018, the Jain Committee set the rate of compensation to private landowners at 8% TDR if they gave up land marked under BDP reservation to govt; 10% if they did so within a year. The plan was that govt would purchase land from these private owners in return for compensation to protect these spaces. However, this did not happen, said activists. "After the initial decision to protect these spaces, govt had to monitor them via satellite imaging to curb illegal encroachments. This was not done. Anti-encroachment squads were also to be put in place. Govt has failed to implement laws. Even the committee set up today has no experts, so there is no guarantee that the ecological loss to the city will be correctly accounted for," former MP Vandana Chavan told TOI. She is one of the individuals spearheading the cause, along with urban planner Anita Gokhale Benninger and other activists. A consolidated citizens' group under the umbrella of Green Pune Movement has been leading the charge against de-reservation of BDP for the last 14 years. Gokhale Benninger said, "Govt must implement the law it approved itself in 2015. A 60:40 ratio must be maintained when planning a city — 40% natural environment and 60% built environment (which includes green spaces, too). Destroying this balance is dangerous." If construction is allowed on hills, there will be: 1. Loss of green cover, biodiversity 2. More construction means more concrete, which means higher temperatures 3. Loss of natural aquifers — a major water source 4. Construction and buildings require civic amenities like electricity, water and drainage, for which pipes will have to be laid and digging will become a constant 5. Loss of Pune's unique character ___________________________ Expert Quotes National policy states that 60% of any hilly area must be covered in vegetation and trees. The notion that forests and wildlife should be confined to protected areas is unacceptable. Pune is on the fringe of the Western Ghats and so, its greenery must be protected. However, that has not happened till date. The ARAI building on Vetal tekdi was built on reserve forest land; a large-scale building in Dhayari can also be seen on a hilltop. It is unacceptable. The hills are weakening and becoming fragile due to construction. The heat we are experiencing today is due to such unabated construction. Local changes in hilly landscape alongside climate change will only worsen things — Madhav Gadgil | Ecologist ______________________ There is no reason for concern in the reserve forest patches of the hills in Pune, as those cannot be claimed for construction. We can always stop any illegal activity occurring there. However, not everything green in Pune is a forest. What citizens must be concerned about are the areas not protected under forests. We do not have a say in suggesting or managing those areas. Such spaces can succumb to rampant construction — Senior forest official _______________________ Govt should take proactive steps to protect green spaces in Pune, rather than go back on assurances they have already made. Every DP prepared for the city focuses on preservation of green spaces. We have fought for the hills — the lungs of our city — to remain untouched and we will continue to do so. While govt is stating that they have received letters for construction, these are not available for public scrutiny. So, it is difficult to verify. We are already witnessing temperatures as high as 43°C so early in summer — if green spaces that help control this are lost, the city will only get hotter — Vandana Chavan | Former MP and Former Mayor of Pune _________________________ The BDP reservation safeguards a lifeline that gives us clean air, cooler temperatures, and a healthier lifestyle. We are at a tipping point. Replacing forests with concrete would irreversibly damage the delicate ecosystem of the hills. Protecting these hills was a commitment made by state govt. They must stand by it. Without its green hills, Pune will lose its soul — Ameya Jagtap | Environmental Activist and Core-member of Green Pune Movement -Inputs by Aditi Shekar
