Stocks to watch, Sept 3: RBL Bank, ICICI Bank, Persistent Systems, Page Industries, Syrma SGS, GCPL

The domestic stock market is expected to open in the green. The GIFT NIFTY futures suggest that the NIFTY50 index will open 97 points higher.

The Project comprises the establishment of 6000 MW, ± 800 kV HVDC terminals at Barmer-II (Rajasthan) & South Kalamb S/s (Maharashtra), along with augmentation of South Kalamb S/s.

The claim amount stated in the Notice is AED 113,548,160.81, plus interest at 9% pa from 10 October 2025 (the claimed date of the alleged unlawful termination) until full payment.

The company is reviewing the Notice in consultation with its legal counsel and taking appropriate legal steps to contest the claims.

The debt component may include external commercial borrowings (ECBs) and non-convertible debentures, while up to $450 million may be raised through instruments such as FCCBs, preferential issue or QIP.

The overall fundraising through the two routes will be capped at $1.25 billion and is subject to shareholder and regulatory approvals.

"Pursuant to Reserve Bank of India's swap facility for FCNR (B) deposits up to August 31, 2026, the deposit mobilisation by RBL Bank is USD 3.4 billion," the bank said in a regulatory filing.

Loans provided by the international banking unit of the bank against such deposits stand at $1.08 billion, it said.

The deposit mobilisation was also supported by the bank's promoter, Emirates NBD and their subsidiaries/affiliates, leveraging the strong UAE and India corridor, it added.

The bank has, through multiple tranches executed between July 22 and September 2, 2026, completed the purchase of 29,015,693 equity shares of ICICI Life, representing about 2% of ICICI Life's equity share capital on June 30, 2026, for an approximate consideration of ₹14.70 billion through the stock exchange mechanism, ICICI Bank said in a regulatory filing.

Following this, the bank's shareholding in ICICI Life stands at approximately 52.8%.

The reduction of stake by its joint venture partner, UK-based Prudential plc, is part of a regulatory requirement.

This marked a step forward in India's efforts to build green vessels locally.

The construction began with a formal steel-cutting ceremony at Cochin Shipyard, a CSL statement said.

The Government of Bihar is undertaking the development of industrial park projects across different districts of the state, for which it requires timely availability of land.

Mahindra & Mahindra completed the acquisition of a 58.96% controlling stake in commercial vehicle manufacturer SML Isuzu Ltd and renamed it SML Mahindra Ltd (SML) last year.

Vinod Sahay, President -- Trucks & Buses, Executive Chairman -- SML Mahindra and Member of the Group Executive Board, Mahindra Group, said it is targeting at least 10% of the total buses portfolio to become electric in a couple of years.

In an investor presentation, GCPL said it continues to maintain its FY27 guidance of high single-digit standalone volume growth, double-digit consolidated revenue growth and double-digit consolidated EBITDA growth, even as it looks to sharpen trade inventory management in India.

"We will actively invest in R&D, GTM (Go-to-Market) and Digital Marketing to grow our business," said GCPL.

The FMCG company aims to have a "double-digit" consolidated underlying volume growth along with consolidated revenue growth in the teens.

Syrma SGS Technology and Elemaster Group, through their joint venture Syrma SGS Elemaster Private Ltd, have set up an electronics manufacturing facility in Bengaluru.

“The joint venture will set up a facility in Bengaluru with an initial investment of Rs 55 crore and is expected to generate around ₹200 crore in revenue in its first full year of operations, FY28,” Syrma SGS Technology Executive Chairman, Sandeep Tandon, said after the inauguration of the new facility.

Jetley will officially assume the role on October 28, 2026, with a focus on accelerating growth and scaling the company's artificial intelligence (AI)-led services model globally, Hexaware said in a statement.

Ramakarthikeyan will step down as CEO and as a member of the Board of Directors on the same date. He will remain with the company as a senior advisor to ensure a smooth leadership transition.

This move is expected to help the Aditya Birla Group Flagship firm to transport about five million tonnes of clinker and to enable a net annual reduction of over 1,17,000 tonnes of CO2, equivalent to displacing 39 million litres of diesel per year, according to a statement.

"UltraTech has signed service contracts with leading EV prime mover manufacturers including Tata Motors, Ashok Leyland, IPLTech, Energy in Motion and Sany along with their subsidiaries and other third-party logistics providers to deploy EV trucks," it said.

This fleet of over 600 e-trucks will operate across Gujarat, Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra and Odisha, transporting clinker and other key materials, the company said.

The direction comes after homebuyers complained before a three-member bench of the National Company Law Appellate Tribunal (NCLAT) of delays beyond timelines fixed earlier.

The appellate tribunal noted that as per its earlier order dated May 6, 2026, the process for awarding work on the projects was to begin before July 31, 2026, and construction to commence within a month thereafter; these timelines have not been met.

With this strategic collaboration, Swiggy riders can select their preferred Hero model on the Swiggy app to avail exclusive pricing at Hero dealerships.

"They will also have access to customised financing solutions and can avail lucrative financing options featuring up to 90 per cent Loan-to-Value (LTV) and competitive interest rates," a statement said.

The industry has grown faster than ever, rising at 17% CAGR to reach $86 billion in turnover in FY26, even as it absorbed multiple shocks, from the 2019 slowdown and COVID to commodity spikes, and more recently, rare-earth curbs, said the report titled 'Beyond Resilience: Built to Endure, Designed to Win'.