STOCKS IN ACTION 1 February
One 97 Communications: The Reserve Bank of India introduced further restrictions against Paytm Payments Bank. No further deposits or credit transactions are allowed in any customer account after Feb. 29. No other banking services, apart from withdrawal or utilisation of balances, are to be allowed after Feb. 29.
Infosys: The IT major signed a seven-year strategic collaboration with Musgrave to automate
Musgrave's IT operations by leveraging its industry-leading Al and cloud offerings.
UltraTech Cement: Moody's Investors Service Inc. affirmed the company's 'Baa3' issuer rating as well as its 'Baa3' senior unsecured rating, citing a solid balance sheet and substantially strong credit metrics.
Paras Defence and Space Technologies: The company received an optical periscope contract from the Ministry of Defense.
Deepak Nitrite: The company's unit, Deepak Chem Tech, signed a Memorandum of Understanding worth Rs 9,000 crore with the Gujarat government.
Kaynes Technologies: Nanotech company Digi Lens announced a partnership with the company for scaling waveguide manufacturing.
Havells India: The company launched for the first time a 'Made in India' heat pump water heater to meet the demands of residential applications.
Federal-Mogul Goetze: The company appointed T. Kannan as managing director for three years, effective Feb. 1.
HG Infra Engineering: The company was declared an L-1 bidder for the Rs 440 crore South
Central Railway project.
Gujarat Gas: The company signed a Memorandum of Understanding with HPCL for liquid fuels and CNG facilities.
Lux Industries: The company has completed its project of setting up a manufacturing and warehousing facility and commenced commercial operation at Jagadishpur, West Bengal, Kolkata.
Prestige Estates: The company completed the Rs 1,000 crore Hyderabad Residential Project.
Balaji Amines: The company's unit received mega project status from the Industries, Energy and Labour Department, Government of Maharashtra, with a proposed investment of Rs 750 crore.
Triveni Engineering: The company will buy a 26% stake in Sir Shadi Lal Enterprises via an open offer for Rs 262.1 per share.
Bajaj Finance: Rakesh Bhatt resigns as executive director of the company w.e.f. January 31, 2024
