Stories
Stocks to Watch: 12 Shares in Focus on Sept 29, Tata Group Stocks Also Under Scrutiny.
- •Tata Group stocks to be watched due to Tata Sons' merger proposal, potentially removing it from NBFC and CIC regulatory categories.
- •IRFC signed a ₹4,200 crore term loan agreement with DVC, while NCC received a ₹1,076.71 crore order from the Andhra Pradesh government.
- •Vikram Solar secured an order to supply 400 MW of solar modules in Maharashtra, with deliveries expected to begin in October 2026.
- •Power Mech Projects received an order worth ₹279.20 crore from Telangana Power Generation Corporation.
- •Zydus Lifesciences' Ahmedabad SEZ II unit completed a USFDA inspection, with one observation noted.
Key Questions Answered
Tata Trusts has proposed merging Tata Electronics Systems Solutions Private Limited (TESS) and Tata Consulting Engineers (TCE) into Tata Sons Private Limited. The restructuring aims to take the holding company outside the regulatory definitions of a non-banking financial company (NBFC) and a core investment company (CIC) to defer its public listing.
Health and hygiene product company Eureka Forbes received a show-cause notice for a demand of ₹273.40 crore from the Uttar Pradesh GST Authority for the financial year 2022-23. This demand includes ₹149.21 crore in tax, ₹109.27 crore in interest, and ₹14.92 crore in penalty.
IRFC signed a term loan agreement worth ₹4,200 crore with DVC. The funds will be utilized for renewable energy projects in Jharkhand and West Bengal, covering solar and Battery Energy Storage System (BESS) projects.
