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Stocks likely to buzz on bourses today

·2-min read

JSW Steel: JSW Steel has paid Rs 498.5 crores to Welspun Corp. Further, an amount of Rs 1,50,00,000 has been paid to Welspun Steel for the purchase of a parcel of land pertaining to PCMD business, and that there is no further consideration payable to Welspun steel for the said land.

Videocon Industries: Approval of the resolution plan by National Company Law Tribunal, Mumbai (NCLT) of Videocon Industries Limited and 12 other Videocon Group companies, under a consolidated corporate insolvency resolution process.   

ICICI Bank: RBI has approved the re-appointment of Girish Chandra Chaturvedi as the Part-time Chairman of the bank for a period of three years w.e.f. July 1, 2021, on extant terms & conditions.   

TCS: TCS has been positioned as a leader in SAP S/4HANA services by Everest Group.   

HCL Technologies: HCL Software launches its cloud-native, web and mobile-ready version of Domino Application Development Platform.   

Glenmark Pharmaceuticals: Glenmark’s interim data from post-marketing surveillance (PMS) study on Favipiravir (FabiFlu®) supports its safety & effectiveness in real-world settings with no new safety signals or concerns in COVID-19 patients.   

Birlasoft: Birlasoft and Regulativ.ai co-develop AI-led cybersecurity assessment platform for global banking, financial services, and insurance customers.   

Talbros Automotive Components: During the year, Marelli Talbros Chassis Systems, the JV signed multi-year order with a large European car manufacturer, the supplies of which will begin in H1FY22. During the year, the company entered into a technical assistance agreement with its Japanese partner ‘Sanwa Packing Industry Co. Ltd’ for light-weight aluminium heat shields for Indian markets.  

Wonderla Holidays: The resort achieved 28 per cent occupancy during the fourth quarter of the financial year 2020-21 as against 33 per cent during the corresponding period over the last year.  

Bandhan Bank: Reserve Bank of India (RBI) has granted approval for the re-appointment of Chandra Shekhar Ghosh, Managing Director & Chief Executive Officer (MD & CEO) of the bank, for a period of three years, with effect from July 10, 2021.   

Welspun Corp: The company has received multiple orders of approximately 164 KMT valuing close to Rs 1,725 crore.

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