Zomato Ltd: The online food delivery platform informed the exchanges on Friday about the resignation of Mohit Gupta, co-founder at Zomato. He joined the company about five years ago. He decided to move on from Zomato to seek other unknown adventures.
Tata Motors Ltd: The BSE has decided to take Tata Motors into the S&P BSE Sensex index, replacing Dr Reddy’s Laboratories.
Adani Power Ltd and Indian Hotels Company Ltd are to replace Adani Total Gas Ltd and Hindustan Petroleum Corporation Ltd (HOCL) in the S&P BSE 100 and Sensex Next 50 indices.
The changes will take effect from December 19, 2022. In addition, Nxtdigital will be taken out from S&P BSE AllCap, Consumer Discretionary, MidSmallCap, and SmallCap effectively from November 22 as it is demerging into Hinduja Global Solutions to separate its media and communication business.
3i Infotech Ltd: The stock will be in the news as the company received a contract from Hindustan Petroleum Corporation Ltd (HPCL) for managing and supporting IT infrastructure at HPCL offices, refineries, and data centers pan-India. The total contract value is around Rs 51 crore spread across three years.
Indian Energy Exchange (IEX) Ltd: The power trading platform company said that its board of directors will meet on November 25 to consider a share buyback proposal.
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Archean Chemical Industries Pvt Ltd: The specialty chemical company will make its debut on the stock exchanges on November 21. The issue price has been ascertained at Rs 407 per share.
Five Star Business Finance Ltd: The non-banking finance company (NBFC) will list its equity shares on the exchanges on November 21. The issue price has been fixed at Rs 474 per share.
Engineers India Ltd: The construction engineering company has received orders from Chennai Petroleum Corporation for overall project management & EPCM (Engineering, Procurement and Construction Management) services for OHCU (once through hydrocracker unit) revamp, CDWU (Catalytic dewaxing unit), and related off-site facilities for Group-II LOBS project at Manali refinery.