Stocks to watch: Adani Power, Tata Motors, Biocon, Marico, NTPC

Here is the list of the 10 main actions that will be in the spotlight today:

Adani power: The company said it would seek shareholder approval for the proposed related party transaction for a maximum value of 5,000 crore with AdaniConnex Pvt Ltd at its annual general meeting on July 27. The transaction involves the sale by Adani Power of its SPVs/subsidiaries.

Tata engines: The Bombay High Court on Tuesday upheld a decision by Brihanmumbai Electric Supply & Transport (BEST) to disqualify Tata Motors’ bid to supply electric buses worth 2,450 crore.

Biocon: The company’s arm, Biocon Biologics, said its Bengaluru-based manufacturing plant received EU GMP certification from the Irish health products regulatory authority following a GMP inspection in April.

Mario: Major FMCG reported a “mid-single digit” volume decline in its India business from April to June. Performance was particularly penalized by a sharp decline in Saffola Oils. Excluding Saffola Oils, business in India recorded marginal volume growth. Parachute Coconut Oil saw a slight drop in volume, Marico said.

Tata Power: The company has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest approximately 3,000 crores, for the installation of a new 4 gigawatt solar cell and the manufacture of 4 gigawatt solar modules.

Westlife development: ICICI Prudential Life Insurance Company sold 2.02% of its stake in the Indian fast food holding company, reducing its stake to 5.13% from 7.15%.

Hindalco/Vedanta: Both companies and several West Asian firms have expressed interest in Coal India’s proposed aluminum project in Odisha, two officials with knowledge of the matter told Mint. includes bauxite mining, alumina and aluminum refinery and an associated coal preparation plant.

NTPC: The major state-owned power company said its coal output rose 61% to 42.40 lakh metric tonnes in the April-June quarter from 26.40 lakh metric tonnes (MT) in the same period a year ago. one year old. Pakri-Barwadih (Jharkhand), Dulanga (Odisha) and Talaipalli (Chhattisgarh) have helped in achieving charcoal production.

Bajaj Finance: The lender booked 74 lakh of new loans in the April-June quarter compared to 46 lakh a year ago. Consolidated base AUMs increased by 31% to reach Rs 2,040 billion. Deposits increased by 22% to 34,100 crore as of June 30.

Tata Steel: The company said its consolidated steel production remained stable at 7.66 million tonnes (MT) in the April-June quarter of the current fiscal year. The company’s consolidated sales in the said period fell 4% to 6.53 MT from 6.83 MT in the prior year quarter.

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