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Stocks in the news: BPCL, Bajaj Finance, IRB Infra, Rane Holdings and telcos

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Stocks in the news: BPCL, Bajaj Finance, IRB Infra, Rane Holdings and telcos

The Singapore Exchange’s premium futures traded at 33 points, or 0.19%, to 17,302.50, indicating a good opening on Dara Street on Thursday. Here are a dozen of the most popular stocks in today’s trading:
Bharat Petroleum Company: The Indian Life Insurance Company acquired 2.02% of the company’s shares through an open market transaction, increasing its shareholding ratio from 5.01% to 7.03%.
Bajaj Finance: Bajaj Housing Finance, a wholly-owned subsidiary of the company, announced a new holiday transaction to provide 6.65% housing loans to customers with high credit ratings. It is the first family finance company in the industry that allows eligible home buyers to choose to link their housing loan interest rates to the RBI repurchase interest rate.

: The company established a new legal entity Varun Beverages RDC SAS in the Democratic Republic of Congo, engaged in the production, sales, sales and distribution of carbonated and non-carbonated beverages.

Infrastructure IRB: The company raised Rs 5,346.6 crore because it approved the allocation of 25,244 50,000 shares to Cintra INR Investments BV and Bricklayers Investment at a price of Rs 211.79 per share.

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Reddington (India): After workers’ protests and assessments found poor living conditions, Apple has placed the Foxconn iPhone assembly plant in Sriperumbudur on a “trial period” and stated that it will ensure that the equipment is renewed. Reach strict standards before opening. Foxconn is a contract manufacturer that Apple supplies to Reddington.

Rein Holdings: ZF of Germany stated that it has acquired an additional 1% in Rane TRW Steering Systems, a joint venture with Rane Group, and has become the company’s majority shareholder. According to the press release, after the repurchase, ZF will hold a 51% majority stake in the joint venture.
SJVN: The state-owned power producer said it would invest 60,000 crore to use 5,097 MW of hydropower in Arunachal Pradesh. SJVN Chairman and Managing Director Nand Lal Sharma met with Arunachal Pradesh Deputy Chief Minister Chovnoy Mein on Wednesday to discuss the development of hydropower projects.

Dish TV: DTH Leading Service Provider Annual Conference

Due to the ongoing struggle between the promoters of the family-led Subhash Chandra and its largest shareholder, it will be held on Thursday and has been postponed twice before.

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KPI Global Infra: The company has received an order confirmation for a 10 MW DC solar project from the “Domestic Power Producer (CPP)” division of Colourtex Industries in Surat.

Chemical Biological Sciences: The company has obtained approval from the Bangladesh government to supply pharmaceutical raw materials (Bilastine) to Bangladesh. This source confirmation certificate is valid for 3 years from the date of issuance.

Complete News Source : NowYouReadMe.com

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2 ‘Kala Jatheri gang members’ killed in encounter with F’bad cops in Fatehabad

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2 ‘Kala Jatheri gang members’ killed in encounter with F’bad cops in Fatehabad

According to the police, the encounter took place after at least four suspects tried to help their close aide escape from police custody
The Faridabad police gunned down two members of the Kala Jatheri gang in an encounter near Fatehabad on Friday, officers said. A constable was injured in the gunfight, they added.

According to the police, the encounter took place after at least four suspects tried to help their close aide escape from police custody.

The identity of one of the deceased was not known, while the other was identified as Ravi (single name), who had 28 cases lodged against him in multiple districts.

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Aman Yadav, assistant commissioner of Police (ACP), Faridabad said the incident occurred when the police van stopped near a roadside eatery on the outskirts of Fatehabad while transporting Ravi back to Faridabad jail after a court appearance in an Arms Act case.

“Four armed individuals attacked the police team, firing multiple rounds to facilitate Ravi’s escape. In retaliation, police returned fire, killing Ravi and another suspect on the spot,” Yadav said.

Constable Sarjeet Yadav suffered a gunshot wound to his left forearm. He was rushed to a civic hospital, where his condition is reported to be stable, said police.

Yadav said that Ravi, who had been lodged in Faridabad jail since April 24, 2023, was being transported after attending an appeal hearing at the Fatehabad court. The ambush, allegedly orchestrated by Ravi’s associates, was intended to secure his release from custody. The police’s swift response thwarted the plan.

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Ravi had a long history of violent crimes, including murder, attempted murder, dacoity, robbery, and Arms Act violations. His activities spanned multiple districts, such as Sonipat, Jind, Rohtak, Faridabad, and Delhi. He was a key member of the Kala Jathedi gang, led by the notorious gangster Sandeep alias Kala Jathedi, who is currently in Tihar Jail.

Kala Jathedi himself is implicated in over a dozen cases across Delhi, Haryana, Punjab, Rajasthan, and Uttar Pradesh. In 2020, he famously escaped from Haryana Police custody during a similar ambush orchestrated by his gang.

ACP Yadav confirmed that police teams are actively investigating to identify the remaining attackers involved in the ambush. “We are working to uncover the identities of the other suspects who participated in the operation. Stringent action will be taken against all involved,” Yadav said.

This encounter is part of an ongoing crackdown on organized crime, with authorities aiming to dismantle gangs operating in the region.

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