Stocks to watch on November 21: Amid mixed global cues, GIFT Nifty futures rose 72 points to 23,607 at 6:48 am. US markets closed mixed on Wednesday, while Asian markets are currently trading lower.
Nestlé: The FMCG giant plans to spin off its water and premium drinks segments into standalone global units under new leadership to boost its advertising and marketing efforts, cut costs by at least $2.8 billion by 2027 and drive growth.
Bharti Airtel: In its first major sourcing contract since August 2022 for 5G deployment, the telecom leader has awarded Nokia a multi-year, multibillion-dollar extension deal for 4G and 5G equipment in key Indian cities and states.
Cipla: Cipla’s US subsidiary is recalling 1,875 boxes of lanthanum carbonate chewable tablets (1,000 mg, 10-count bottles) from the US market, according to a recent report by the US Food and Drug Administration (USFDA).
Dr. Reddy’s Laboratories: The US FDA has issued a Form 483 with seven observations following an inspection of the company’s API manufacturing facility in Bolaram, Hyderabad.
Adani Energy Solutions: The company has signed an agreement with PFC Consulting Limited to acquire Pune-III Transmission Limited. The contract includes 2×1500 MVA and 3×500 MVA substations and a new 816 km transmission line.
Godrej Industries: The company raised Rs. 1,000 crore has been raised.
Indian Hotels Company: Tata Group’s hospitality arm doubled its consolidated revenue to Rs. 15,000 crore and aims to grow its hotel portfolio to 700 by 2030.
Bank of Baroda: Warehousing and collateral management firm Sohan Lal Commodity Management (SLCM) has partnered with Bank of Baroda to provide collateral management services for agricultural credit.
UPL: UPL has invested $350 million in its hybrid seeds subsidiary Advanta Enterprises Ltd through private equity firm Alpha Wave Global. This includes a $250 million secondary stake sale and a $100 million primary equity infusion.
Tata Technologies: Tripura Chief Minister, Manik Saha signed a Memorandum of Agreement (MoA) with Tata Technologies to upgrade 19 Industrial Training Institutes (ITIs) in the state. Tata Technologies Rs. 683.27 crore will cover 86% of the upgrade cost, with the state government contributing the remaining 14%.
Vedanta: Vedanta’s subsidiary Vedanta Aluminum has signed an agreement with GAIL (India) for supply of natural gas to Jharsuguda in Odisha.
JSW Steel: According to a communication from the Directorate of Mines and Geology, Government of Goa, the company has been declared the preferred bidder for Kodli Mineral Block XII at Dharbandora, Goa.
Tata Power: Tata Power has formed a partnership with Bhutan’s Druk Green Power Corporation Limited (DGPC) to develop 5,000 MW of clean energy capacity in Bhutan.
One 97 Communications (Paytm): Paytm’s parent company has launched UPI International, which enables Indian travelers to perform UPI transactions at select global destinations. This feature allows users to make cashless payments using Paytm app in UAE, France, Mauritius, Singapore, Bhutan and Nepal.
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