TCS, Adani Stocks, Zee, SAIL, NTPC, Rail Vikas Nigam etc.

Last updated time: 17 March 2023, 08:16 IST

The Nifty futures contract traded on the Singapore bourse indicates positive/negative initiation of domestic stocks. The contract traded at 17,140, ​​up 117.5 points or 0.69% from the previous close.

Adani Enterprises, Adani Power, Adani Wilmar

Adani Group shares will come out of NSE’s short-term supplementary watch after eight days. Margin on these securities is applied before ASM on all derivative contracts.


TCS Managing Director and CEO Rajesh Gopinathan has resigned “to pursue other interests” and will step down on September 15, 2023. K Krithivasan has been appointed as the Chief Executive Officer of Tata Consultancy Services, effective immediately. in the following fiscal year, he served as managing director and general director.


Zee Entertainment Enterprises has agreed to pay IndusInd Bank’s dues after the private lender withdraws insolvency proceedings against the media firm.

Mahindra and Mahindra

Mahindra Consulting Engineers, a subsidiary focused on engineering consulting services in the core areas of infrastructure, was sold to Artelia. A stake of 60.88% of M&M’s 11,51,000 shares was sold in one or more tranches for an amount of Rs 10.3 crore at a price of Rs 89.66 per share. Consequently, Mahindra Namaste, a 100% subsidiary of MCEL, also ceased to be a subsidiary of M&M.

Adani transmission

The transmission company has incorporated a new subsidiary, Adani Electricity Aurangabad, to apply for a parallel distribution license in the Aurangabad region.

Steel Board of India

The Board of Directors of SAIL has approved a dividend of Rs 1 at 10% on equity shares of face value of Rs 10 each. The record date is March 24.

Samvardhan Ana

Japanese promoter Sumitomo Wiring Systems sold nearly 5% stake in Samvardhana Motherson International Ltd in a block deal on Thursday.


Malaysia’s Petronas has offered 3,800 million rupees ($460 million) to buy a 20 percent stake in the green energy unit of India’s largest power producer NTPC, in the first such deal by a state-owned firm, Reuters reported.

Railway Vikas Nigam

Rail Vikas Nigam Limited emerged as the lowest bidder for the 11 KV line project at a cost of Rs 111.85 crore.

Disclaimer:Disclaimer: The opinions and investment advice contained in this report are those of the experts and not of the website or its management. Users are advised to consult certified experts before making any investment decisions.

Read all the latest business news here

Leave a Reply

Your email address will not be published. Required fields are marked *