HDFC Bank, Wipro to be watched

HDFC Bank has agreed to sell its entire stake of 10% in the equity share capital of Goods & Services Tax Network consisting of 10,00,000 equity shares of Rs 10 each, for a total consideration of Rs 1 crore to various State Governments and Union Territories. The announcement was made after market hours yesterday, 29 August 2019.

Wipro announced the expansion of its strategic partnership with Google Cloud to accelerate cloud adoption and digital transformation for global enterprises. By collaborating with Google Cloud, Wipro will catalyse innovation for enterprises in industry verticals such as consumer goods, BFSI, semiconductor, and healthcare, through a 'business-first' strategy. The announcement was made after market hours yesterday, 29 August 2019.

Shares of ICRA will be in action. The board of directors of ICRA after due consideration and taking into account the best interests of the company and its various stakeholders, has decided to terminate the employment of Naresh Takkar as Managing Director and Group CEO of ICRA effective immediately. The ICRA Board will commence a search for a replacement. Vipul Agarwal, who was appointed Interim COO on 1 July 2019, remains responsible for the day-to-day operation of the company until a CEO is appointed. The announcement was made after market hours yesterday, 29 August 2019.

Adani Green Energy signed a securities purchase agreement for acquisition of 205 MW operating solar assets of Essel Green Energy Private and Essel Infraprojects. The assets are located in Punjab, Karnataka and Uttar Pradesh. All the assets have long term Power Purchase Agreements (PPAs) with various state electricity distribution companies. The portfolio is relatively young with average remaining PPA life of approximately 22 years. The announcement was made after market hours yesterday, 29 August 2019.

PNC Infratech was being declared the L1 (lowest) bidder for NHAI project of 'Construction of 31.7 km long Four Lane Bypass connecting NH-56 namely 'Lucknow Ring Road Package I' for a quoted price of Rs 1062 crore. The announcement was made after market hours yesterday, 29 August 2019.

Premier Explosives has received the license from Chief Controller of Explosives, Nagpur for manufacture of solid propellant at factory situated at Katepally, near Hyderabad. This new license will enable the company to manufacture solid propellants of larger size at Greenfield project. The announcement was made after market hours yesterday, 29 August 2019.

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