Indian Railways has proposed a 4.2 lakh crore mega plan for multi tracking of 7 corridors.

Delhi - Howrah
Mumbai - Howrah
Delhi - Mumbai
Delhi - Guwahati
Delhi - Chennai
Howrah - Chennai
Mumbai - Chennai

BSNL 4G services is almost ready to be launched. We will begin from Punjab in a limited scale by June 2024 and expand Pan India - BSNL CEO Pravin Kumar.

*Indigenous 4G technology. (Developed by homegrown engineers)

#OnCNBCTV18 | #Market looks fairly strong fundamentally. Concerns have receded globally, see risk-on rally. Definitely see an impact of #RBI measures on #CET ratio for banks, says Mahesh Patil of Aditya Birla Sun Life AMC

Indian Railways has announced its ambitious goal of eliminating waiting lists entirely in 4-5 years.

Indian government is considering measures to boost underground coal mining and will soon come up with a policy framework.

Top 10 states with the highest retail inflation in October, 2023

Odisha - 6.47%
Rajasthan - 6.25%
Haryana - 6.02%
Karnataka - 5.63%
Bihar - 5.63%
Punjab - 5.39%
Telangana - 5.37%
Gujarat - 5.31%
Uttar Pradesh - 5.06%
Maharashtra - 4.84%

STOCKS IN ACTION 6 DECEMBER

State Bank of India: The lender has proposed to acquire a 20% stake from SBI Capital Markets
(SBICAPS) in SBI Pension Funds for Rs 229.52 crore. Post-acquisition, it will have an 80% stake in the SBI Pension Fund.

Ashok Leyland: The automaker increased its stake in Switch Mobility's holding company to 92.19% from 91.63%. It had deployed around Rs 662.5 crore as the first tranche of a planned Rs
1,200 crore investment.

Canara Bank: The bank looks to raise up to Rs 3,500 crore via tier-I bonds. The bidding starts on Dec. 7.

Bank of India: The lender opened its QIP issue at a floor price of Rs 105.42 per equity share.
Somany Ceramics: Sets Dec. 15 as the record date for the Rs 125 crore buyback, i.e., 15.18% stake at Rs 850 per share.

Power Grid Corporation: The company emerged as a successful bidder to establish the InterState Transmission System Project in Khavda RE Park, Gujarat.

HDFC Bank: The lender has sought shareholders' approval to appoint Sashidhar Jagdishan as MD and CEO, V Srinivasa Rangan as Executive Director and MD Ranganath and Sandeep Parekh as Independent Directors.

UCO Bank: The Central Bureau of Investigation has carried out searches in 13 locations in connection with the company's IMPS glitch case.

Dalmia Bharat: The company approved the appointment of Puneet Dalmia as MD and CEO for five years w.e.t. Dec. 8.

Ion Exchange: The International Chamber of Commerce has rejected Ethingen Arbitration's claim of Rs 149.56 crore for damages against the company.

Axiscades Technologies: The company has acquired a 99.99% stake in EPCOGEN for Rs 26.25 crore.

Sanghi Industries: The company and Incor Realty Projects have mutually agreed to an upward revision of the sale consideration of Rs 125 crore on account of certain improvements in the land condition and certain other factors.

Ganesh Benzoplast: The board has approved to raise Rs 27 crore via QIP.

Force Motors: The company's November production stood at 2,216 units. It recorded a monthly sales volume of 1,732 units.

Greenpanel Industries: The company's operation in Chittoor, Andhra, was disrupted due to the cyclone.

Bharat Electronics sets FY24 revenue target at ₹19,500-20,000 crore

JB CHEMICALS Lakshay Kataria Resigns As CFO Of The Co w.e.f. Nov 30, 2023

NLC INDIA: Commences Bio Mass Co-firing Operation In Its JV NLC Tamilnadu Power Limited

SAPPHIRE FOODS LARGE TRADE
Promoter Entity ARINJAYA (MAURITIUS) LTD
SOLD 2,700,000 @ 1,400
As Per Last SHP Held 7.99% of the Total Promoter Stake of 47.88%
GOVERNMENT OF SINGAPORE
BUY 2,019,694 Shares
As Per Last SHP Already Holds 11.63 Lakh Shares or 1.83% Stake

POWER GRID Declared Successful Bidder To Establish Inter-State Transmission System Project Under Tariff Based Competitive Bidding From Khavda RE Park

APOLLO HOSPITALS : Union Health Ministry Has Also Initiated Inquiry Against Apollo Hospital: Network Sources

ETHOS: Promoter MAHEN DISTRIBUTION LIMITED
SOLD 133,502 Shares @ Rs 1906.48/ Share
As Per Last SHP Held 22.54 Lakh Shares or 9.66% in the Total Promoter Stake of 63.82%

SANGHI INDUSTRIES: Adani Group owned Ambuja Cements completes acquisition of the company

AMBUJA CEMENTS LIMITED BUY 13,34,95,941 Shares @ Rs 121.9/ Share

RBI MONETARY POLICY TODAY @ 10 AM.. ANALYST EXPECT NO CHANGE IN RATES

NIFTY HITS 21K

MPC keeps policy rate unchanged at 6.5%.

NIFTY FALLS 130 PTS FROM DAY'S HIGH AMID PROFIT TAKING