Stock market today – stocks to watch: BSE Sensex and Nifty50, the benchmark indices, experienced volatility in Monday’s trading session as investors adopted a cautious stance ahead of the US Fed’s interest rate decision. Key developments are expected to impact shares of L&T Finance, AB Sun Life, TCS, Tata Steel, and P&G India today.
L&T Finance:
The Board of L&T Finance Holdings has approved raising Rs 1.01 lakh crore through the issuance of non-convertible debentures in one or more tranches.
AB Sun Life:
Promoters of AB Sun Life have proposed to sell up to 11.47% stake in the company through an offer for sale, scheduled to open on March 19.
P&G India:
P&G India has announced the appointment of Kumar Venkatasubramanian as CEO, effective from May 1, 2024. The current CEO, L V Vaidyanathan, will be stepping down from his position to pursue personal interests.
Tata Steel:
Tata Steel has announced the cessation of operations of the coke ovens at its Port Talbot plant in the UK. To counter the impact of these closures, the company plans to increase the import of coke.
Sonata Software:
Sonata Software has entered into a joint Go-to-Market agreement with Zones LLC, a global provider of comprehensive IT solutions and cloud managed services.
Veritas (India):
Veritas (India), along with Genesys International Corp, has been awarded a letter of acceptance from the Brihanmumbai Municipal Corporation (BMC) worth Rs 156 crore. The contract entails the development, implementation, and maintenance of a 3D city model and change detection using geospatial technology.
TCS:
Tata Sons, the holding company of India’s leading software services exporter, is offering to sell 2.34 crore shares of TCS in block deals valued at approximately Rs 9,300 crore, with a floor price set at Rs 4,001 per share.
(List compiled by ET)
L&T Finance:
The Board of L&T Finance Holdings has approved raising Rs 1.01 lakh crore through the issuance of non-convertible debentures in one or more tranches.
AB Sun Life:
Promoters of AB Sun Life have proposed to sell up to 11.47% stake in the company through an offer for sale, scheduled to open on March 19.
P&G India:
P&G India has announced the appointment of Kumar Venkatasubramanian as CEO, effective from May 1, 2024. The current CEO, L V Vaidyanathan, will be stepping down from his position to pursue personal interests.
Tata Steel:
Tata Steel has announced the cessation of operations of the coke ovens at its Port Talbot plant in the UK. To counter the impact of these closures, the company plans to increase the import of coke.
Sonata Software:
Sonata Software has entered into a joint Go-to-Market agreement with Zones LLC, a global provider of comprehensive IT solutions and cloud managed services.
Veritas (India):
Veritas (India), along with Genesys International Corp, has been awarded a letter of acceptance from the Brihanmumbai Municipal Corporation (BMC) worth Rs 156 crore. The contract entails the development, implementation, and maintenance of a 3D city model and change detection using geospatial technology.
TCS:
Tata Sons, the holding company of India’s leading software services exporter, is offering to sell 2.34 crore shares of TCS in block deals valued at approximately Rs 9,300 crore, with a floor price set at Rs 4,001 per share.
(List compiled by ET)