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    Stocks in the news: CEAT, HDFC AMC, RBL Bank and Adani Ports

    Synopsis

    Adani Group said that its engagement with financial institutions over a petrochemical project at Mundra in Gujarat was still ongoing. The group said it is trying to secure financial closure for its project and the operations at the site will start after the closure.

    Stocks in the news: CEAT, HDFC AMC, RBL Bank and Adani PortsiStock
    Nifty futures on the Singapore Exchange traded 50 points higher at 17,076, signalling a positive start for Dalal Street. Here are the top stocks to track in trade today:

    HDFC AMC
    US-based GQG Partners, which has invested in the crisis-ridden Adani group, has sold its part stake in HDFC Asset Management Company (AMC) through open market transactions on Monday.

    PVR
    Foreign investor Berry Creek Investment has sold its entire stake in multiplex chain operator PVR Ltd via block deal.

    CEAT
    Anant Goenka stepped down as MD and CEO of the company. Arnab Banerjee, currently Chief Operating Officer, will take charge as the new MD and CEO.

    Adani Ports
    Adani Group said that its engagement with financial institutions over a petrochemical project at Mundra in Gujarat was still ongoing. The group said it is trying to secure financial closure for its project and the operations at the site will start after the closure.

    Lupin
    Lupin announced that its alliance partner Caplin Steriles has received final approval from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application Rocuronium Bromide Injection

    Sterling and Wilson Renewable Energy
    The company has emerged as successful bidder for the BOS package comprising four blocks of 300 mw (AC) each in the proposed 1200 mw solar PV Project of NTPC Renewable Energy at Khavda RE Power Park, Rann of Kutch. The total bid value would be Rs 2,100 crore.

    Mahindra and Mahindra
    Mahindra & Mahindra Ltd Farm Equipment Sector (FES) completed the acquisition of a stake in MITRA Agro Equipments Pvt Ltd to increase its shareholding from the existing 47.33% to 100%, making it a wholly owned subsidiary of the company.

    RBL Bank
    The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.27 crore on RBL Bank for non-compliance with certain provisions of the Central bank.

    Dr Reddy's
    Coya Therapeutics Inc has signed an agreement with Dr Reddy's to license its proposed biosimilar abatacept for the development and commercialization of Coya 302 for the treatment of Neurodegenerative diseases.

    Westlife Foodworld

    Westlife Foodworld, which operates McDonald's restaurants in west and south India, has announced the elevation of Saurabh Kalra as the Managing Director (MD).



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

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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
    The Economic Times

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