Adani Enterprises: The NSE has placed the company and other Adani group stocks in additional surveillance measure list from today.
Tata Consumer Products: The company has reported a net profit of Rs 364.4 crore boosted by an exceptional gain of Rs 78.6 crore. India foods business grew by 29 percent.
SBI Life: The company has issued a clarification with regards to the Union Budget announcement that if premium paid by an individual for a savings life policy is greater than Rs 5 lakh, then on maturity, the income from the policy will be taxed. The company said that the share of business of non-linked policies with annual premium of more than Rs 5 lakh is less than 2 percent of the total Annual Premium Equivalent (APE) for the first nine months of the current financial year and that the impact of this would be insignificant.
Inox Green Energy: The company has entered into a definitive investment agreement with I-Fox Windtechnik India Pvt. Ltd., an Independent O&M wind service provider to acquire a 51 percent stake in its share capital at Rs 35,941.71 per share.
Adani Ports and SEZ: The company’s ports have handled 27.6 million metric tonnes of total cargo, implying a year-on-year growth of 11 percent.
NMDC: The company has raised the prices of lump ore (65.5 percent, 6-40 mm) by Rs 100 to Rs 4,400 per tonne and the prices of fines (64 percent, -10 mm) by Rs 500 to Rs 3,910 per tonne from January 28 onwards.
HDFC AMC: SEBI has approved the sale of abrdn Investment’s (formerly Standard Life) entire 10.21 percent stake in the company.