Stories
Action expected in 16 stocks including Ola Electric and Shadowfax Technologies
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CNBC Awaaz•06-10-2026, 23:23
Action expected in 16 stocks including Ola Electric and Shadowfax Technologies
- •Apollo Tyres CFO Gaurav Kumar has resigned from the company with his resignation effective from October 6, 2026.
- •Titan Company registered a 25 percent year-on-year growth in consumer business revenue.
- •Ola Electric remains in focus due to its proposed rights issue of up to 1,000 crore rupees and postponement of its board meeting.
- •Blue Dart has signed an MoU with NCRTC to explore express parcel movement on the Delhi-Ghaziabad-Meerut Namo Bharat corridor.
- •Kanohar Electricals reported an increase in net profit year-on-year from 11.4 crore rupees to 27.3 crore rupees.
- •Adani Ports formed a subsidiary named Paradip Mahanadi Terminal in Odisha to operate two dry bulk berths at Paradip Port.
- •HCLTech announced a 500 crore rupee investment for HCL IT City expansion in Lucknow and an AI upskilling initiative.
- •JSW Steel is seeing significant updates regarding its amalgamation scheme with BMM Ispat approved in May 2026.
- •JSW Cement commenced operations at its new grinding unit with 1 MTPA capacity in Nagaur, Rajasthan, taking total capacity to 25.1 MTPA.
- •Godrej Consumer Products inaugurated Phase-1 of its Kendal plant in Indonesia after investing approximately 250 crore rupees.
- •Marsons and Cleanhill Partners announced a joint venture to scale up power transformer manufacturing in North America.
- •Mphasis secured a major 35.4 million pound deal with Social Security Scotland to support its Core Benefits Platform.
- •United Breweries received a tax refund of around 101 crore rupees from the IT Department.
- •Mahindra Lifespaces launched Mahindra Rivenza in Pune with a gross development value of approximately 3,500 crore rupees.
- •Newquest Asia Fund IV sold 40 lakh shares of Shadowfax Technologies equivalent to a 0.7 percent stake for 114.8 crore rupees.
- •ABB India appointed Suneel Kumar Munaga as the CFO of the company effective from January 1, 2027.
Key Questions Answered
Ola Electric has postponed its board meeting that was scheduled for October 5, which was set to decide on key details of its proposed rights issue of up to ₹1,000 crore like the pricing, entitlement ratio, record date, and timing.
Blue Dart has signed an MoU with the National Capital Region Transport Corporation to explore express parcel movement options along the Delhi-Ghaziabad-Meerut Namo Bharat corridor.
Newquest Asia Fund IV sold 40 lakh shares of Shadowfax Technologies, representing a 0.7% stake, in a block deal executed at an average price of ₹287 per share totaling ₹114.8 crore.
