Trending Stocks: SBI, Adani Entp, Tata Motors and others in news today

State Bank of India

The centre has approved the appointment of Alok Kumar
Choudhary, deputy managing director of State Bank of India as the managing
director for 2 years. Currently, he was in charge of the finance portfolio and
now will be in charge of corporate banking and information technology in his
new role at SBI. He will replace former MD Ashwani Bhatia who took charge as a
whole-time member of the Securities and Exchange Board of India (SEBI).

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Adani Enterprises

Adani Enterprises has received the West Bengal
government’s approval to set up a hyper-scale data centre at Bengal Silicon
Valley in the New Town area on the outskirts of the city. West Bengal Industry
Minister Partha Chatterjee in a press conference on Monday said “the state
cabinet today gave the nod to the proposal by Adani Enterprises to set up a
100% hyper-scale data centre at Bengal Silicon Valley in New Town, Rajarhat.
The project will come up on 51.75 acres of land, which has been given on a
99-year lease,” as per the PTI report.

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Tata Motors

The company has signed an agreement with BluSmart
Mobility the country’s largest fully-electric rise-hailing service firm – for
delivering 10,000 Xpres-T electric vehicles (EVs), making it the biggest-ever
EV fleet order in India. These vehicles are an addition to the order for 3,500
Xpres-T EVs signed by both companies in October 2021.

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SBI Cards and Payment Services

The company board of directors has approved its
fundraising of Rs 2,500 crore. The company will raise funds by way of issuance
of non-convertible debentures (NCDs) in one or more tranches, on a private
placement basis.

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Dish TV India

Promoter company World Crest Advisors LLP sold a 0.51%
equity stake in the company via open market transactions. With this, its
shareholding in the company decreased to 0.05%, down from 0.56% earlier.
Another promoter Direct Media Distribution Ventures also offloaded a 1.53%
stake in the company and reduced shareholding to 0.56% from 2.09% earlier.

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NMDC

The state-owned mineral producer has set the price for
lump ore at Rs 4,400 per tonne, and the price for fines at Rs 3,310 per tonne.
These prices do not include royalty, DMF, NMET, cess, forest permit fee and
other taxes.

HLE Glascoat

The board of directors has approved the sub-division of
existing one equity share of the face value of Rs 10 each, into fully paid up
into five equity shares of Rs 2 each and also fundraising up to Rs 2 each and
also fundraising up to Rs 350 crore, the company said in an exchange filing.

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Shriram City Union Finance

Promoters – Shriram Value Services & others acquired
13.5 lakh equity shares or 2.03% stake in the company through open market
transactions. With this, their stake in the company stands increased to 36.34%,
up from 34.31% earlier.

Pharmaids Pharmaceuticals

Promoter Sadhanala Venkata Rao sold a 6.98% stake in the
company via open market transactions on June 6. With this, his shareholding in
the company declined to 15.41%, down from 22.39% earlier.