By Aparna Deb,News18
Copyright news18
Stocks To Watch On September 11: Indian markets extended their positive streak on Wednesday, with benchmark indices gaining nearly half a percent. In today’s session, several stocks, including Infosys, ZEE, Tata Motors, Vedanta, and Kotak Mahindra Bank, are expected to be in focus due to key developments.
Infosys will remain in the spotlight as its board meets today to review and approve a proposed share buyback, a move closely watched by investors.
Vedanta’s planned Rs 17,000 crore acquisition of debt-laden Jaiprakash Associates Ltd (JAL) has drawn cautious commentary from credit analysts, who see limited strategic merit in the deal.
Eicher Motors
Subsidiary VECV will fully pass on the GST rate reduction to customers beginning September 22. Taxes on diesel, CNG, and LNG vehicles will drop to 18%, while the rate on EVs stays unchanged at 5%.
Reliance Industries
Reliance Industries has incorporated a wholly owned arm named Reliance Intelligence, expanding its portfolio of ventures.
IDBI Bank has filed a fresh petition in the National Company Law Tribunal (NCLT) seeking insolvency proceedings against media and entertainment firm ZEE.
Tata Motors
Jaguar Land Rover, a Tata Motors subsidiary, confirmed that “certain data” was compromised in the recent cybersecurity breach that disrupted its production and sales operations.
Rail Vikas Nigam Ltd (RVNL) emerged as the lowest bidder for a Rs 169.49 crore project from West Central Railway. The project involves traction substations and SCADA system integration in the Bhopal division.
Dr Reddy’s Laboratories has signed a definitive deal with Johnson & Johnson to acquire the Stugeron brand, including Stugeron Forte and Stugeron Plus, across 18 markets in APAC and EMEA. India and Vietnam have been identified as key growth markets.
Kotak Mahindra Bank
BlackRock, Citigroup, and Goldman Sachs were among the institutional investors who picked up shares in Kotak Mahindra Bank after Sumitomo offloaded its stake via a block deal.
Keystone Realtors
Keystone Realtors is planning to raise up to Rs 375 crore through a private placement of secured, redeemable non-convertible debentures to support redevelopment and growth projects.
Tega Industries
Tega Industries, along with Apollo Funds, has announced the acquisition of global mining consumables leader Molycop in an all-cash deal worth about $1.5 billion. The transaction is expected to close by December 31, 2025.
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