Stocks in news: Stocks in news: Tata Steel, Torrent Power, TVS Motor, JK Tyre, Firstsource

Domestic markets remained lackluster on Monday, closing marginally in the green, extending Friday’s brief recovery. In today’s trade, shares of Tata Steel, Torrent Power, TVS Motor, JK Tyre, Firstsource among others will be in focus due to various news developments.

Tata Steel

Tata Steel on Monday said Odisha would emerge as the company’s single-largest investment destination after the phase-II expansion of its Kalinganagar plant from 3 million tonnes per annum to 8 mtpa.

Torrent Power
Torrent Power Limited, the integrated power utility of Torrent Group on Monday committed an investment of over Rs 64,000 crore in renewable energy projects at ‘RE-Invest 2024’ in Gandhinagar.

India Shelter Finance
Goldman Sachs bought over 7.4 lakh shares in India Shelter Finance Corporation on Monday via block deal at a cost of approximately Rs 56 crore.

HEG
Gulshan Kumar Sakhuja resigned as the Chief Financial Officer of HEG with effect from September 18.JK Tyre
The board of JK Tyre approved merger of Cavendish Industries with the company. JK Tyre will issue 92 shares of company for every 100 shares of Cavendish Industries.Vedanta
Vedanta Aluminium responded to dyke breach in Process Water Storage facility, saying it prioritises relief efforts and community support.

Firstsource
Firstsource partnered with Microsoft Azure OpenAI for digital transformation offerings.

TVS Motor
TVS Motor launched new TVS Apache RR 310 with starting prices at Rs 2.75 lakh.

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