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    Stocks in the news: Adani Green, India Glycols, PNB Housing, SBI and Karur Vysya Bank

    Synopsis

    Clariant AG has formed a 51:49 joint venture with Bhartia family-promoted India Glycols to manufacture and market renewable ethylene oxide (EO) derivative products.

    BSE. bccl
    Max Healthcare Institute (MHC) said it has raised Rs 1,200 crore via issue of securities.
    Nifty futures on the Singapore Exchange traded 4 points, or 0.03 per cent, lower at 15,415 in signs that Dalal Street was headed for a tepid start on Friday. Here are a few stocks which may buzz the most in today's trade:

    SBI: State Bank of India (SBI) will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism.

    PNB Housing: At least two existing overseas investors in PNB Housing Finance – the Carlyle Group and General Atlantic Singapore – are believed to have hired consultants to carry out a due diligence on the mortgage lender, which is looking to tap these investors for equity expansion.

    India Glycols: Swiss chemicals major Clariant AG has formed a 51:49 joint venture with Bhartia family-promoted India Glycols to manufacture and market renewable ethylene oxide (EO) derivative products.

    Adani Green Energy: The company said its Kamuthi solar plant in Tamil Nadu has become water positive. A plant of a company becomes water positive when it harvests and recycles more water than what it consumes, AGEL said in a statement explaining the terminology 'water positive'.

    AstraZeneca Pharma India: The company said it has received marketing approval from the Drugs Controller General of India (DCGI) for its product for the treatment of non-small cell lung cancer.

    Infosys: Infosys BPM, the business process management arm of Infosys, on Thursday announced a five-year extension of its strategic collaboration with Newmont Corporation to standardise and digitise delivery models across the latter's mine sites.

    Max Healthcare: Max Healthcare Institute (MHC) said it has raised Rs 1,200 crore via issue of securities. The company, which is the country's second largest private hospital chain, has raised the capital through qualified institutional placement (QIP).

    Karur Vysya Bank, Cholamandalam Investment and Finance: Cholamandalam Investment has inked a partnership with private sector Karur Vysya Bank Ltd for co-lending business, eyeing to garner a larger market share across segments, the companies said on Thursday.The co-lending business was a great opportunity for banks and non-banking finance companies to draw upon the strength of each other.

    Tata Motors: Homegrown auto major Tata Motors expects the commercial vehicles industry to grow over 30 per cent in the next fiscal on the back of cyclical demand uptick and overall recovery of economic activity, according to a top company official.

    JSW Steel: The company posted a marginal decline of 1 per cent in its crude steel output at 13.06 lakh tonnes (LT) in February this year. The company, which is among the top six steel producers in the country, had produced 13.20 LT of steel in the same month last year.

    REC, PFC: State-owned entities REC and Power Finance Corporation have entered into a pact with Bhutan-based Kholongchhu Hydro Energy (KHEL) to finance a 600 megawatt hydroelectric project at Trashiyangtse in the neighbouring country.

    Prestige Estates Projects: Realty firm Prestige Estates Projects said it has completed sale of commercial assets worth Rs 7,467 crore to global investment firm Blackstone in the first round of divestment.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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