Stocks in the news: RIL, Adani Enterprises, TCS, DLF, DMart and Tata Power

Reliance Industries: Billionaire Mukesh Ambani’s

announced acquisition of New York’s premium luxury hotel Mandarin Oriental for USD 98.15 million. Set up in 2003, Mandarin Oriental New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.



Tata Consultancy Service: India’s largest IT firm said its Board will consider a buyback proposal on January 12. The IT software exporter bagged the second phase of the Passport Seva Programme (PSP), after an over decade-long work in the first phase which has witnessed rapid strides in citizens availing the services.

Adani Enterprises: Billionaire Gautam Adani’s conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen, incorporated a wholly-owned subsidiary of its flagship Adani Enterprises.

Tata Steel: The steel giant reported an over two per cent rise in consolidated steel output to 7.68 million tonnes (MT) for the October-December 2021 period. The company’s consolidated steel production had stood at 7.51 MT in the corresponding period of the previous financial year 2020-21.

ICICI Bank: The private sector lender said it now facilitates online payment of customs duty, to benefit both retail and corporate customers. Corporate customers can pay customs duty through the bank’s corporate internet banking and mobile banking app InstaBIZ, while retail customers can do so through the bank’s retail internet banking platform.

DLF: The realty major launched its luxury housing project, comprising 913 units, in the national capital with a starting price of Rs 3 crore. The company has launched a project ‘ONE Midtown’, comprising 913 luxury flats.

Avenue Supermarts: The owner and operator of retail chain D-Mart reported a 23.62 per cent rise in consolidated net profit to Rs 552.53 crore for the third quarter ended December 31. The company had posted a net profit of Rs 446.95 crore in the same quarter a year ago.

Tata Power: The power player said it has secured the highest score among its peers in the Indian power sector in S&P Global’s recently released corporate sustainability assessment (CSA) results.


Oberoi Realty: The Mumbai-based reality player has reported over two-fold jump in its sales bookings at Rs 1,965 crore for the third quarter ended December on higher demand. In regulatory filing, The company shared a summary of bookings made by the company for the third quarter of this financial year on a consolidated basis.

Cyient: Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the midcap IT company via open market transactions on January 6, reducing shareholding to 33.93 lakh shares from 56.1 lakh shares earlier.

Biocon: A subsidiary of biotechnology major, Biocon Biologics, said the US health regulator has not approved an application for Insulin Aspart filed by its partner Viatris Inc. “The USFDA has issued a complete response letter (CRL) for the biologics license application (BLA) for Insulin Aspart filed by our partner Viatris (Mylan),” it said.

KEC International: The engineering, procurement and construction major said it has bagged new orders worth Rs 1,025 crore across its various businesses. The company’s transmission and distribution business has secured orders for projects in India and the Middle East, the RPG Group firm said.

Macrotech Developers: The realty firm entered into 11 joint development agreements (JDAs) with landowners so far this fiscal year, with an estimated sales revenue potential of Rs 14,500 crore. The Mumbai-based developer markets its properties under Lodha brand.

Dilip Buildcon: The road and highway maker’s subsidiary Sannur Bikarnakette Highways has received the financial closure letter from the National Highways Authority of India(NHAI), for four Laning of Sannur to Bikarnakette section of NH-769 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka.

CSB Bank: The private lender said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. The board has further requested Rajendran to continue in the office of MD & CEO till March 31, 2022.

Equitas Holdings: The NBFC will divest its entire stake in subsidiary Equitas Technologies as part of the requirement for the merger with Equitas Small Finance Bank. As part of the RBI’s licensing conditions, being the promoter of ESFB, the boards of Equitas Holdings and ESFB had in July 2021 approved the scheme of amalgamation between them.

CG Power and Industrial Solutions: Amansa Holdings Pvt Ltd sold shares of the power player worth nearly Rs 351 crore, through an open market transaction. As per BSE’s block deal data, over 1.76 crore shares of the firm were sold at an average price of Rs 199 apiece.


Gulshan Polyols: The smallcap chemical player has received, signed and executed a Long Term Offtake Agreement, for setting up of upcoming standalone dedicated ethanol plant of 250 kiloliters per day (KLPD) at Industrial Growth Centre, Matia, Goalpara and 500 KLPD at Borgaon, Madhya Pradesh.