Stocks to watch: SBI, Nestle India, Adani Enterprises, Vodafone Idea among shares in focus today amid Israel-Iran war
State Bank of India (SBI) is in the final stages of selecting several merchant banks to help it raise up to ₹ 25,000 crore through a qualified institutional placement (QIP) — marking its first equity offering in eight years.
MSCI ESG Ratings and Research Private Ltd has raised the bank's ESG rating from A to AA.
JSW Energy Ltd, through its step-down subsidiary Energizent Power Private Ltd, has entered into a Power Purchase Agreement with NHPC Ltd for a 300 MW solar-wind hybrid project connected to the Inter-State Transmission System (ISTS).
Nestle India Ltd., the multinational FMCG major, is set to consider a bonus share issue during its board meeting scheduled for Thursday, June 26.
The company has given the go-ahead for a public issuance of non-convertible debentures (NCDs) with an initial amount of ₹ 500 crore, which can be increased by another ₹ 500 crore through a green shoe option, bringing the total potential issue size to ₹ 1,000 crore.
The company has notified the exchanges that it has subscribed to and received an allotment of 19 crore equity shares in Jio Payments Bank, amounting to ₹ 190 crore.
Reliance Defence, a subsidiary of the company, has secured an export order worth ₹ 600 crore from the German arms and ammunition firm Rheinmetall Waffe Munition GmbH.
CDSL has entered into a Memorandum of Understanding (MoU) with IIM Mumbai to leverage advanced data analytics and research capabilities.
According to Bloomberg, the telecom operator is negotiating to secure loans amounting to ₹ 250 billion ($2.9 billion) in order to enhance its network infrastructure and address the loss of subscribers to competing companies.
The company has bagged a contract worth ₹ 4,801 crore for the development and operation of the Banhardih Coal Mining Block located in Jharkhand. The contract was awarded by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
2 hours ago
- Hindustan Times
EU to canvass leaders at summit on resolving US tariff conflict
* EU to canvass leaders at summit on resolving US tariff conflict EU leaders prefer quick trade deal with US despite unfavorable terms * EU faces US tariffs, seeks rebalancing measures * EU considers digital tax on US tech giants as rebalancing option By Philip Blenkinsop, Jan Strupczewski BRUSSELS, - European Union leaders are to tell the European Commission on Thursday if they want a quick trade deal with the United States at the cost of Washington getting better terms, or to escalate the fight in hope of something better. A quick deal seems to be the preferred option for most, officials and diplomats said, as the EU can then seek to address the unfavourable bias with some rebalancing measures of its own. The Commission, which negotiates trade agreements on behalf of the EU, will ask leaders of the EU's 27 members meeting in Brussels how they want to respond to President Donald Trump's July 9 deadline for a deal, now less than two weeks away. The bloc has said it is striving for a mutually beneficial agreement, but as Washington looks set to stick to its 10% across-the board tariffs on most EU goods and threatening higher rates with prolonged talks, EU diplomats said a growing number of EU countries were now favouring a quick resolution. "It is ...in everyone's interest that the trade conflict with the United States does not escalate further," German Chancellor Friedrich Merz said on Tuesday in parliament. "I know that the European Commission is negotiating with great caution in this regard, and it has our full support. I hope that we will reach a solution with the United States by the beginning of July," Merz said. The bloc is already facing U.S. import tariffs of 50% on its steel and aluminium, 25% for cars and car parts, along with a 10% tariff on most other EU goods, which Trump has threatened could rise to 50% without an agreement. The United States' only completed trade deal to date is with Britain, with the broad 10% tariff still in place. U.S. officials say it will not go lower for any trading partner. Some 23 of the leaders will come to Brussels straight from the NATO summit in the Hague. Few will want to follow accord there with an economic war. "There is a group of EU countries that want to protect companies by seemingly accepting something they have gotten used to – a 10% baseline," one EU diplomat said. REBALANCING MEASURES One question EU leaders face is whether it should respond with its own measures to such a baseline tariff. "We are also prepared for that with a range of options," Merz said. The European Union has agreed, but not imposed, tariffs on 21 billion euros of U.S. goods and is debating a further package of tariffs on up to 95 billion euros of U.S. imports. Some EU countries favour watering it down. "The Commission has rightly said that some member states are nibbling away too much, which would weaken these rebalancing measures," one EU diplomat. Among the EU rebalancing options is a tax on digital advertising, which would hit U.S. giants like Alphabet Inc's Google, Meta , Apple , X or Microsoft and eat into the trade surplus in services the U.S. has with the EU. The bloc has a trade surplus with the U.S. in goods. The Commission has proposed an EU-US deal to cut respective tariffs on industrial goods to zero, along with potential further EU purchases of liquefied natural gas and soybeans. Washington has shown little obvious interest, preferring to highlight items it considers as barriers, such as EU value-added tax, environmental standards and rules on online platforms, on which the EU does not want to move. On the sidelines of the summit, EU leaders will also seek to allay the concerns of Slovakia and Hungary over ending their access to Russian gas as foreseen by the EU's plan to phase out all Russian gas imports by the end of 2027. EU diplomats said EU leaders' assurances over gas should allow the two countries to back the EU's 18th package of sanctions against Russia, which they are now blocking. The sanctions could be adopted by EU governments on Friday. But the EU might have to drop from the package its proposal to lower the price cap on Russian seaborne oil to $45 per barrel from the current $60, because the measure has failed to win the support of the U.S. and EU countries with big oil shipping industries - Greece, Malta and Cyprus are also against it. This article was generated from an automated news agency feed without modifications to text.
Mint
2 hours ago
- Mint
Vodafone Idea share price extends gains on fundraising buzz; Telecom stock jumps 15% in five sessions
Vodafone Idea share price traded higher on Thursday, extending gains for the third straight session, amid heavy buying volumes. Vodafone Idea shares rose as much as 2.38% to ₹ 7.30 apiece on the BSE. The telecom stock has rallied 15% in five sessions. The latest gains in Vodafone Idea shares come amid reports that the telco seeks to raise ₹ 25,000 crore in loans from banks to bolster its network and compete better with large rivals. According to a Bloomberg report, Vodafone Idea is talking to lenders to borrow about ₹ 25,000 crore ($2.9 billion) in loans and State Bank of India (SBI) will likely lead a consortium of lenders. The debt is expected to be a mix of domestic and foreign loans with a tenor of about 10 years, the report added, quoting sources privy to the development. Global banks too are expected to join the consortium and the fundraising drive would be concluded in a year, the Bloomberg report said. In May, Vodafone Idea board of directors had approved raising of ₹ 20,000 through equity or loans. A successful loan raise would help Vodafone Idea fund its capital expenditure and roll out a speedier network as it looks to reclaim market share. In April, the government increased its stake in the debt-laden telco to 48.99% by converting a portion of its spectrum payment liabilities into equity. Vodafone Idea share price has gained 5% in one month, and 3% in three months. However, the telecom stock has fallen 9% on a year-to-date (YTD) basis, and has dropped 60% in the past one year. Vodafone Idea shares have lost nearly 30% in five years. At 10:00 AM, Vodafone Idea share price was trading 2.24% higher at ₹ 7.29 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
3 hours ago
- Economic Times
Dilip Buildcon shares surge 4% after Rs 1,060 cr Expressway project achieves provisional completion
Shares of Dilip Buildcon surged as much as 3.8% to a day's high of Rs 517 on the BSE on Thursday, June 26, after the company announced the provisional completion of a Rs 1,060 crore infrastructure project under the Government of India's Bharatmala Pariyojana. ADVERTISEMENT The project involved the construction of a 4-lane section of the Bangalore–Chennai Expressway from Km 127.000 (Bangarupalem) to Km 156.000 (Gudipala) in Andhra Pradesh, under Phase II/Package III. Also read: SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years 'In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the project—'Construction of 4-lane Bangalore–Chennai Expressway from Km 127.000 (Bangarupalem) to Km 156.000 (Gudipala) section in the State of Andhra Pradesh under Bharatmala on Hybrid Annuity Mode (Phase II/Package III)'—has been provisionally completed,' the company said in an exchange filing. Executed on a Hybrid Annuity Mode (HAM), the project has been declared fit for commercial operation effective May 9, with a Provisional Completion Certificate issued by the project was completed within 24 months and includes a 15-year operation and maintenance period post the Commercial Operation Date (COD), with the first-year O&M cost estimated at Rs 3 crore. ADVERTISEMENT Dilip Buildcon share price performanceOver the past year, shares of Dilip Buildcon have declined 6.81%. However, the stock has shown positive momentum more recently, rising 9.19% year-to-date (YTD), 8.45% in the last six months, 8.42% over the past three months, and 3.98% in the last month. ADVERTISEMENT On Wednesday, shares of Dilip Buildcon closed 1.9% higher at Rs 498.05 on BSE. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
