After the stock market closed on Friday, many companies have given big updates on the stock exchange. These companies include big companies like IDFC First, Vedanta and UPL Limited.
Private sector bank has informed about unauthorized and fraudulent activities of Rs 590 crore related to the account of Haryana Government in a branch of Chandigarh. The bank said in a disclosure on February 22 that an investigation has been initiated and the suspected employees have been suspended. The bank also clarified that exact information about the time when the incident took place is not available at the moment as the matter is under investigation. The bank’s shares closed at Rs 83.25 on Friday with a gain of 0.33 per cent.
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As soon as the stock market closed on Friday, the company informed that the company has announced a scheme of arrangement between UPL Agri, UPL Global Agri and UPL Crop. Under this scheme, UPL will merge its subsidiary UPL Sustainable Agri Solutions into the company. Also, India’s crop protection business will be demerged and transferred to UPL Global Sustainable Agri Solutions. Apart from this, UPL Crop Protection will also be merged with UPL Global Sustainable Agri Solutions. The company’s shares closed at Rs 751.50 on Friday with a decline of 1.77 per cent.
Pharmathens’ Lanreotide facility linked to Cipla has been classified in the OAI (Official Action Indicated) category by the US drug regulator USFDA. OAI means that significant regulatory deficiencies have been identified during an inspection that require corrective action. The company’s shares closed at Rs 1,338 on Friday with a gain of 0.68 per cent.
Adani Ports and Special Economic Zone Limited (APSEZ), through its subsidiary Adani Gangavaram Port, has signed a Strategic Memorandum of Understanding with NMDC Limited and Vale SA to develop an Integrated Iron Ore Blending Facility and Dedicated Special Economic Zone (SEZ) at Gangavaram Port. The company said in a statement that the MoU was signed at the India-Brazil Business Forum Summit in New Delhi during the official visit of the Brazilian President.
ICICI Bank has received an order (Order in Appeal-OIA) from the Maharashtra Goods and Services Tax (GST) department, raising a tax demand of Rs 50.38 crore. Under this order, a fine of the same amount has also been imposed on the bank, along with applicable interest will also be payable. That means the total liability may increase further by including penalty and interest in addition to the tax amount. On Friday, the bank’s shares closed at Rs 1,394 with a gain of 0.37 per cent.
The company has signed a Definitive Agreement with Bengaluru Metro Rail Corporation Limited (BMRCL), under which Bellandur Metro Station will now be known as Prestige Bellandur Metro Station through co-branding. Under this agreement, Prestige Group will invest Rs 115 crore (excluding GST) for the upgradation, infrastructure improvement and development of the station. This partnership has been made for a concession period of 30 years. The company’s shares closed at Rs 1,487 on Friday with a decline of 0.34 per cent.
The company entered into an agreement of Rs 2000 crore with Jupiter International Limited to purchase high efficiency Topcon solar cells and high efficiency mono PERC solar cells, which will create a total of 2GW ALMM-compliant crystalline solar cells. The company’s shares closed at Rs 192.70 on Friday, down 10.73 per cent.
Hindustan Copper has got a big relief. The Revisionary Authority of the Ministry of Mines has stayed the demand notice issued by the Jharkhand Mining Department till the next hearing.
Also, the state government has been instructed not to take any such harsh or forced action. In the information given to the exchange, the company said that the Revisionary Authority of the Ministry of Mines, Government of India has stayed the disputed demand notice issued by the District Mining Officer, East Singhbhum (Jamshedpur), Department of Mines and Geology, Government of Jharkhand, till the next date of hearing.
Bharat Heavy Electricals Limited has suffered a setback. The Commercial Court of Visakhapatnam, while hearing the petition of Indwell Construction, has ordered to attach an amount of Rs 55.84 crore from a bank account of BHEL. After this order of the court, a temporary ban has been placed on the concerned amount. However, BHEL has clarified that it is taking necessary legal steps to challenge this order.
The company has launched its first 7-screen multiplex at Inorbit Mall in Hubli, Karnataka. It includes the city’s first PXL auditorium. With this the total network of the company has increased to 1,798 screens.
The company has got a big relief in the GST dispute of the financial year 2018-19. The Tax Appellate Authority has reduced the total demand from Rs 288.67 crore to Rs 159.45 crore.
The company will consider issuing non-convertible debentures (NCDs) through private placement on February 25. The company’s shares closed at Rs 682.20 on Friday with a rise of 0.89 per cent.
NTPC Green Energy Limited
The company has started the commercial operation of 158.4 MW capacity of 250 MW solar PV project in Andhra Pradesh from 14 February 2026. The company’s shares closed at Rs 90.30 on Friday, down 0.23 per cent.
(Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.)
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