Stocks in news: Stocks in news: Vodafone Idea, Jindal Stainless, ITC, HCL Tech, Grasim Industries

The market started the week on a volatile note and ended almost flat, continuing its consolidation phase. In today’s trade, shares of Vodafone Idea, Jindal Stainless, ITC, HCL Tech Grasim Industries among others will be in focus due to various news developments.

Biocon
Biocon received approval for diabetes drug Liraglutide in India.

Vodafone Idea
Vodafone Idea (VIL) said it is engaged with the Centre to find a solution to the AGR issue, with CEO Akshaya Moondra stating he sees no reason why the government should be constrained in any way to offer relief.

Jindal Stainless
Jindal Stainless said it has acquired a 33.64% equity stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project for its manufacturing operations.

Grasim Industries
Grasim Industries announced that its Finance Committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 1,000 crore.

ITC
US-based investment firm GQG Partners has increased its stake in ITC Ltd, one of India’s largest consumer goods companies, through a bulk deal on May 28.HCL Tech
HCL Tech announced a strategic partnership with UiPath to accelerate Agentic Automation for global enterprises.
Frontier Springs
Frontier Springs bags order worth Rs 93 crore from Rail coach factory, Kapurthala and Modern coach factory, Raebareli.