Stocks to watch: Infosys, Vedanta, Dilip Buildcon, Adani Enterprises

Infosys Limited: The focus is to rapidly address the challenges in the Income Tax (IT) e-filing portal by working closely with Chartered Accountants and dedicating over 750 resources for this project, the company said. A dedicated team has been constituted to complete the crucial part of the work in collaboration with the officials of Income Tax Department.

Vedanta Limited: will delist its US depository shares from the New York Stock Exchange and terminate the program. Vedanta also plans to deregister ADS and underlying equity shares and do away with reporting obligations. The decision was taken due to low trading volume, high cost of maintenance.

IT stockAccenture Plc’s reporting revenue for the quarter ended August will be focused on $13.42 billion following a 24% year-on-year increase in revenue. For the full fiscal year, revenue grew 14% year on year. The results are a good sign for Indian IT companies.

telecom stockThe DoT has set the ball rolling for another mega spectrum sale by sending a reference to the sector regulator, seeking new base prices for major airwave bands such as 700 MHz, 3.3-3.6 GHz and the coveted millimeter waves. Such as 26 GHz and 28 GHz which support 5G technology.

Aditya Birla Capital: The initial public offering (IPO) of Aditya Birla Sun Life AMC, whose parent company is Aditya Birla Capital, is likely to launch on September 29 and close on October 1. The price band of the issue is expected to be ₹695-712/share, with valuation . seen on ₹20,000-20,500 crore.

Jubilant Foodworks: The quick service restaurant operator and master franchisee of brands such as Domino’s Pizza and Dunkin’ Donuts said it has acquired a 25% stake in Gurugram-based nutrition company Wellversed Health. company will invest ₹10 crores in Valversed in two phases.

Dileep BuildconThe Supreme Court has confirmed the appointment of Dilip Buildcon and VPR Mining Infrastructure as Mine Developer cum Operators by Punjab State Power Corporation in Pachwara Central Coal Block Mine. The total contract value of the tender is Rs 32,156.04 crore.

ahluwalia contractSBI Funds Management acquired 2.5 lakh equity shares in the company through open market transaction, an increase of 7.7669% from 7.3937% earlier.

PVR Limited: CRISIL has downgraded the long term credit rating on the company’s bank credit facilities from AA-/Negative to A+/Negative, and downgraded the short term rating from A1+ to A1.

Adani Enterprises: has incorporated a wholly owned subsidiary – Adani Digital Labs. The subsidiary will transform consumer businesses into digital first businesses by creating an omnichannel, integrated platform that will enable customers to interact with all B2C businesses in the Adani Group.

UltraTech Cement: The company plans to meet 100% of its electricity requirement through renewable sources by 2050. It has committed to the Climate Group’s RE100 initiative at Climate Week NYC 2021.