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Positive Buzz

• SBI: SBI Funds has filed a Draft Red Herring Prospectus (DRHP) for its IPO; State Bank of India will sell up to 12.8 crore shares (6.3% stake) via an Offer for Sale (OFS).
• JK Cement: The company has been declared the preferred bidder for the Dommarnandyala Block-3 in Andhra Pradesh, expanding its limestone reserves.
• Nestle India: Announced an investment of ₹225 crore to set up a new "Munch" production line at its Sanand factory, adding 8,300 tons of annual capacity.
• IREDA: The board has enhanced its borrowing plan to ₹35,800 crore for FY26 and up to ₹40,000 crore for FY27; the board will also meet on March 25 to consider an interim dividend.
• SJVN: Achieved a significant milestone of 1 billion units of generation at its 1,000 MW Bikaner Solar Power Project.
• JSW Cement: Successfully commissioned a new greenfield grinding plant in Rajasthan with a capacity of 2.5 MTPA.
• GR Infraprojects: Emerged as the L1 (lowest) bidder for a major ₹24.41 billion highway project in Bihar awarded by NHAI.
• United Breweries: Received environmental clearance from the Uttar Pradesh state authority to establish a new greenfield brewery project.
• Wipro: Launched a dedicated AI-led transformation hub in GIFT City specifically to cater to global BFSI clients.
• Amber Enterprises: To invest ₹296 crore in its subsidiary, IL JIN Electronics, via a rights issue to strengthen its electronics manufacturing arm.
• NTPC: Signed a Memorandum of Understanding (MoU) with Octopus Energy Group to explore collaborations in the renewable power and energy sectors.

Neutral Developments

• L&T: Received "No-Observation" letters from BSE and NSE regarding its proposed scheme of arrangement with L&T Realty Properties.
• HCLTech: Announced that its arm, HCL America Inc., has fully repaid its outstanding notes worth $252 million.
• Tata Investment Corp: The board has designated Bahram N Vakil as the Vice-Chairman of the company.
• Gillette India: Received a renewal for its "Consent to Operate" (CTO) from the Rajasthan State Pollution Control Board for its Bhiwadi manufacturing unit.
• Archean Chemical: The board has approved the merger of its subsidiaries, Idealis Chemicals (ICPL) and Idealis Mudchemie (IMPL).
• Innovision: The company’s shares are scheduled to debut on the stock exchanges today following its 3.5x subscribed IPO.

Negative News

• HDFC Bank: Shares are expected to remain under pressure following the resignation of part-time Chairman Atanu Chakraborty, who cited concerns over practices not aligned with his personal values.
• Shanthi Gears: The company reported the resignation of Ranjan Kumar Pati from the position of Chief Financial Officer (CFO).
• Broad Market Sentiment: Despite a positive opening cue, the market is coming off a sharp 3% crash on Thursday (March 19) driven by FII selling of over ₹7,500 crore and geopolitical tensions impacting the India VIX, which spiked by 21%.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: ** Stocks in News Stock Market Buzzing Stocks Nifty Sensex