1. It also intends to add 5 GW of renewable energy capacity by 2028 and tap into the critical mineral opportunities around the globe.
2. According to MD Rana Ashutosh Kumar Singh, SBI is following a customized approach for attracting deposits from different economic strata.
3. The President of SICCI gave out certain key priorities in the overall strategy for growth in India specially related to Coromandel International Ltd.
4. It starts a block deal for the sale of an 11% stake in Indigo Paints worth ₹770 crore. The shares have been offered for sale at ₹1,470 each.
5. Radico Khaitan Limited has introduced two new whiskies, Rampur Jugalbandi #5 and #6, which are limited editions, available at The Whisky Show, London, with sales starting from October 2024.
6. Goldman Sachs has cut State Bank of India from ‘Neutral’ to ‘Sell’, and cut the target price to ₹742 citing several challenges on the road ahead.
7. Nucleus Software approved the buyback of shares worth ₹72.35 crore by repurchasing 1.7% of its equity at ₹1615 per share that commenced from September 9.
8. Pidilite Industries has signed an exclusive distribution agreement with the CollTech Group with an aim to enhance its foothold in the electronics segment in India.
9. Meanwhile, Ashoka Buildcon additional Viva Highways has executed the sale of its land at Hinjewadi, Pune, for ₹453 crore and secured new orders valued at ₹1,280.8 crore.
10. Rashtriya Chemicals and Fertilizers plans to issue non-convertible debentures by way of a private placement for an amount not exceeding ₹1,400 crore, subject to the approval of the members.
11. Goldman Sachs has tagged a ‘Sell’ rating for Vodafone Idea by setting the target price at ₹2.5 on the back of declining market share and forecasted negative cash flow. MORE
12. Sundaram Multi Pap Ltd has started commercial production of aluminium die castings in its Tamil Nadu-based new unit, which has an installed capacity of 7,750 tonnes per annum.
13. While GAIL has been tagged as a top pick for investment, strong overweight is maintained on upstream companies like ONGC and HPCL.
14. Bectors Food Specialities would raise ₹400 crore through QIP at ₹1,550 per share and intends to use the money for debt repayment and expansion of its business.
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Source: Google
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