🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Vedanta: The company's board is meeting today to consider and approve a third interim dividend for FY26; the record date is set for March 28. Separately, the group has moved the NCLAT to contest the NCLT's decision allowing Adani Group to acquire Jaiprakash Associates.
• Tata Steel: The steel major has inaugurated its scrap-based Electric Arc Furnace (EAF) facility in Ludhiana, built with an investment of ₹3,200 crore. The plant has a capacity of 0.75 million tonnes per annum and aligns with the company’s 2045 Net Zero goal.
• Reliance Industries: Its telecom arm, Reliance Jio, added 24.37 lakh wireless subscribers in January 2026, taking its total customer base to 49.14 crore with a market share of 39.29%.
• Power Grid Corp: The board has cleared a major restructuring plan to merge 28 subsidiaries into two existing entities to simplify the group's corporate structure.
• Power Finance Corporation (PFC): Today is the record date for the fourth interim dividend of ₹3.25 per share for the financial year 2025-26.
• NBCC (India): The company has secured multiple domestic consultancy projects, further boosting its order book in the infrastructure segment.
• Vodafone Idea: Shares may see interest after latest data showed a significant slowdown in subscriber attrition for the month of January 2026.

Neutral Developments

• SEBI Board Meeting: The market regulator is scheduled to meet today to discuss easing fund settlement norms for Foreign Portfolio Investors (FPIs), specifically proposing the "netting of funds" for same-day trades.
• Le Travenues Technology (Ixigo): The company is scheduled to hold an analyst and investor meeting today in Gurugram to discuss business outlook.
• Shalibhadra Finance: The board will meet today to consider the issuance of non-convertible debentures (NCDs) via private placement.
• NSE International Exchange (NSEIX): The exchange has launched its "Global Access" platform, allowing Indian retail investors to trade major U.S. stocks like Apple and Alphabet more easily.

Negative News

• HDFC Bank: The lender remains under pressure after losing over ₹56,000 crore in market valuation last week. Reports indicate the bank has fired three senior officials at its DIFC branch due to lapses in client onboarding processes.
• InterGlobe Aviation (IndiGo): Goldman Sachs has maintained a 'Buy' rating but slashed the target price to ₹5,200 from ₹6,000, citing persistent supply chain constraints.
• Tata Capital: The company has received a tax reassessment demand of ₹413 crore and has announced its intention to challenge the order in court.
• Thomas Cook India: The company faces a GST demand and penalty totaling ₹49.44 lakh from Chennai tax authorities, though a separate penalty in Mumbai was recently dropped.
• Currency & Macro: The Indian Rupee hit a fresh record low, slipping below 93.70 against the US Dollar, while Brent crude remains volatile near $112 per barrel due to Middle East tensions.

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