Stocks in news: Adani Enterprises, Paytm, Union Bank, Adani Power, Tata Power
Paytm
Fintech giant Paytm said it is investing in AI to build an Artificial General Intelligence software stack.
Adani Enterprises
The promoter group increased stake in Adani Enterprises in August, buying 2.2% during the month.
Welspun Enterprises
Welspun Enterprises has announced the successful acquisition of a 50.10% stake in Michigan Engineers.
Union Bank
The Board approved raising of funds up to Rs 5000 crore through issue of equity shares via qualified institutions placement.
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Tata Power
Tata Power Renewable Energy signs PPA for 9 MWp on campus solar plant with Tata Motors for Pantnagar plant in Uttarakhand.
Jio Financial
Shares of Jio Financial Services (JFSL) will move out of the trade-for-trade segment and be part of the rolling segment, effective September 4, BSE and NSE said via separate circulars.
Adani Power
Adani Power targets 21,110 MW thermal capacity by fiscal 2029. Net senior debt is seen at Rs 26,690 crore in FY24.
BHEL
BHEL has received an order from Mahan Energen, a unit of Adani Power.
