Stocks in news: Stocks in news: Torrent Power, GAIL, J&K Bank, Ola Electric, Vedanta, Infosys

Markets witnessed another volatile session on Tuesday but managed to end higher for the third successive session. Today, markets are likely to react first to overnight developments on the ceasefire front, following the deadline indicated in recent statements by the US President. Focus will then shift to the outcome of the MPC meeting, with its commentary remaining critical amid the uncertain global backdrop.

In today’s trade, shares of Torrent Power, GAIL, J&K Bank, Ola Electric, Vedanta, Infosys among others will be in focus due to various news developments.

Cello World
Goldman Sachs sold over 13.82 lakh equity shares in Cello World via bulk deal worth Rs 55 crore. The shares were sold at a price of Rs 401 apiece and were sold by its affiliate Goldman Sachs Funds. The stake sale follows significant underperformance by the stock over the past year. Its share price has eroded by 24% in this period, while the Nifty and the BSE Sensex have traded flat.

Torrent Power

Fair trade regulator Competition Commission of India has cleared Torrent Power’s proposal to acquire 100% stake in Nabha Power. The move came after Torrent Power, in February, said it entered into an agreement with L&T Power Development to acquire 100% equity stakes in Nabha Power for an enterprise value of Rs 6,889 crore.

J&K Bank
Jammu and Kashmir Bank’s business has crossed Rs 2.90 lakh crore, its Managing Director and CEO Amitava Chatterjee said on Tuesday, as Lt Governor Manoj Sinha inaugurated the lender’s regional business centre here. Marking a significant milestone in the bank’s infrastructure and business expansion strategy, the centre will serve as a vital operational and administrative hub.

REC
State-owned REC Ltd on Tuesday said Director (Projects) of Power Finance Corporation (PFC) Rajiv Ranjan Jha has been appointed as nominee director of PFC on the board of REC. According to a regulatory filing, as per the declaration received from Jha, he is not barred from holding the office of Director by virtue of any Sebi order or any other such authority.GAIL (India)
According to a regulatory filing, as per the declaration received from Jha, he is not barred from holding the office of Director by virtue of any Sebi order or any other such authority. The agreement was executed with Pantheon Maritime Services, a Singapore-based affiliate of Alpha Gas, and was signed in Athens by senior officials from both companies, GAIL said in a statement.

Ola Electric
Ola Electric on Tuesday announced readiness of its in-house developed lithium iron phosphate (LFP) cell, marking a key milestone in its mission to accelerate electric mobility and build a full-stack energy ecosystem. Developed as part of Ola’s vertically integrated battery innovation efforts, the new ‘46100’ format LFP cell is bigger than the current NMC 4680 Bharat Cell and represents a step-change in scale.

Vedanta
Several companies, including Vedanta and Hindustan Zinc Limited, are likely to participate in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnet called by the Heavy Industries Ministry on Tuesday, sources said.

Infosys
Infosys and Harness, the AI Software Delivery PlatformTM company, today announced a strategic collaboration to accelerate agentic AI-led software delivery transformation for enterprises globally.

Aurobindo Pharma
Aurobindo Pharma received USFDA approval for Dapagliflozin & Metformin Hydrochloride extended-release tablets. Dapagliflozin & Metformin tablets are used to aid blood sugar control in adults with type-2 diabetes.