In today’s trade, shares of Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor among others will be in focus due to various news developments.
Kaynes Technologies
BofA Securities bought 1.16 lakh shares in Kaynes Technologies on Thursday via a block deal worth Rs 42 crore. The sellers in the deal were Kadensa Master Fund and Bluepearl Map I LP. The shares were bought at a price of Rs 3,614.4 apiece, a 3% discount over Wednesday’s closing price of Rs 3,724.50.GAIL
A senior official at GAIL Gas Ltd on Thursday said there was no shortage of piped natural gas (PNG) supply in Bengaluru and hotels, eateries and industries connected to the PNG network will continue to receive uninterrupted gas.
South Indian Bank
Private sector lender South Indian Bank has launched the Employees’ Provident Fund payment services through its internet banking platform SIBerNet, in collaboration with the EPFO. The integration with the Employees’ Provident Fund Organisation enables employers and establishments to remit EPF contributions seamlessly through the Bank’s digital banking platform.
DCM Shriram
DCM Shriram approved an equity investment of Rs 87 crore, in one or more tranches, for minimum 26% equity stake in one or more Special Purpose Vehicles, to be created for setting up a Renewable Energy Power project for its Bharuch Plant.TVS Motor
TVS Motor Company (TVSM) strengthened its electric vehicle portfolio with the launch of TVS Orbiter V1 with 1.8 kWh, the most accessible electric scooter in the company’s lineup. The company also introduced Battery-As-A-Service (BaaS) across its EV portfolio, offering customers a new and flexible ownership model
Tata Steel
Tata Steel moved Jharkhand high court against a GST demand of Rs 493 crore and a penalty.
Somany Ceramics
Somany Ceramics said restricted gas supply from GAIL (India) may partially impact production at its Bahadurgarh, Haryana plant.