Top Share of the Day: Indian stock market fell in pre-opening on Wednesday. BSE Sensex is trading at 66,985.36 points, falling 611.48 points in early trade. Out of 30 Sensex stocks, 26 saw a decline and only 4 saw a rise. Whereas, Nifty was trading at 19,968.90 points with a loss of 164.4 points. The bullish trend in the stock market, which had been going on for about 11 days, had stopped on Monday itself. Investors in the market are expected to keep an eye on these shares.
Tata Motors: India’s top commercial vehicle manufacturer may increase prices by 3% from October 1. The price increase is aimed at counterbalancing the residual effect of the previous input increase and will be applicable across the entire range of commercial vehicles.
biocon: The board of directors of the biopharmaceutical company has approved the appointment of Peter Bains as the group chief executive officer (CEO) with effect from September 18. He will report directly to Biocon Group Chairperson Kiran Mazumdar-Shaw.
BHEL: The government has approved the appointment of Tajinder Gupta as Director (Power) of BHEL with effect from September 1. At the time of his appointment, Tajinder was the Chief General Manager (CGM) of NTPC.
WiproWipro CyberTransform – Intelligent ServiceNow Risk and Security Solutions has been developed in collaboration between ServiceNow and Wipro, a technology services and consulting firm. The technology will allow organizations to align their risk, compliance and security postures more quickly and efficiently.
NBCC: Khadi and Village Industries Commission has given a work order worth Rs 150 crore to a state-owned construction company. The order covers planning, design and execution of potential projects such as office buildings, residential complexes, redevelopment, repair and rehabilitation of KVIC properties across India.
HDFC bank: The Reserve Bank of India has accepted the reappointment of Shashidhar Jagadeesan as Managing Director and Chief Executive Officer of the bank for a three-year tenure beginning October 27, 2023, and ending October 26, 2026.
JK Lakshmi Cement: Cement business Amplus will acquire 20.8% stake in Helios special purpose vehicle (SPV). The business proposes to source 40 MWac of solar power for its Durg unit through a special purpose vehicle (Amplus) under the captive power plant concept.
Torrent Pharma: Torrent Pharmaceuticals is in preliminary talks with Apollo Global Management to raise a loan of up to $1 billion to help support its proposed bid for Cipla.
LTIMindtree: LTIMindtree launches Oracle SaaS Testing as a Service. Following the success of RELY – a comprehensive suite of assurance and compliance services platforms for enterprise applications – this new product sets a new benchmark for Oracle SaaS testing.
DCM Shriram: DCM Shriram’s leading windows and doors brand Fenesta has entered into a strategic technical relationship with Inventure Metal Products Industries LLC, a façade construction solutions provider in the UAE construction market. The above strategic partnership will give a boost to India’s mask industry.