Stocks to Watch, September 15: Tata Tech, Shakti Pumps, CEAT, Vedanta, Apollo Hospitals, Adani Power, Marico, GMR Airports

To be specific, the technology firm has entered into a definitive agreement to acquire a 100% stake in the Germany-based ES-Tech GmbH and its subsidiaries, collectively known as ES-Tec Group, from MW Beteiligungs GmbH, it said in a regulatory filing dated Saturday.

The cash consideration will be paid over the next two years and includes performance-based earn-outs.

It received a letter of intent (LOI) for the 2400 MW thermal power project from Bihar State Power Generation Company Ltd (BSPGCL) for long-term procurement of electricity on behalf of North Bihar Power Distribution Company Ltd and South Bihar Power Distribution Company Ltd, it said in a regulatory filing on Saturday.

This is because Financial Services Secretary M Nagaraju on Saturday said that the public sector banks (PSBs) have transitioned from a phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047.

Addressing the two-day PSB Manthan, which concluded on Saturday, Nagaraju also highlighted the need for PSBs to aspire to global competitiveness, strengthen governance and operational resilience, and expand their role as sectoral champions across both traditional and emerging industries.

In the last six to eight months, when the domestic market was slightly sluggish, the company had pressed the accelerator on exports in contrast to the last few years when the focus was on meeting demand in India due to capacity constraints, Hyundai Motor India Ltd (HMIL) Whole-time Director and Chief Operating Officer Tarun Garg said.

SpiceJet employees drawing a salary of up to ₹55,000 per month have received payment for August, while the rest of the staff has not been paid yet.

"SpiceJet has once again started delaying salary payments to its staff. While employees drawing up to ₹55,000 per month are getting payments on time, the rest of the staff, mostly assistant managers and above level, are getting payments with a delay of 10-15 days," the report added.

SpiceJet did not respond to a query sent on this issue, the PTI report added.

The AGM is scheduled to be held on September 15.

The September 11 order was in response to a suit filed by five shareholders, the company informed stock exchanges on Friday.

Kolkata-headquartered Birla Corporation, in a regulatory filing, said the injunction restrains the company from conducting any poll, including remote e-voting, or publishing results in respect of item no. 5 under “special business” related to the new Articles of Association.

Senco Gold took part in the three-day Saudi Arabia Jewellery Exhibition (SAJEX), which concluded on Friday. The trade show featured over 200 Indian exhibitors as India's gem and jewellery sector aims to reverse declining exports to one of the region's largest consumer markets.

"Saudi Arabia is one of the largest consumer markets, especially when it comes to jewellery for the Gulf region. Unfortunately, in this global competitive scenario, jewellery from Turkey or other parts of the world has been able to capture a large market share, while Indian jewellery has been on a downturn," Suvankar Sen, Managing Director and CEO of Senco Gold & Diamonds, told PTI.

Besides, premiumisation is also expected to grow by 25%, and the long-term outlook for UBL, now controlled by Dutch multinational brewing company Heineken NV, is "very strong", Gupta told PTI.

He expects recent GST reforms, in which the government is lowering the taxes on most consumer goods and some services, effective from September 22, will also help increase the consumption of alcoholic beverages.

In another step, Coal India Ltd will introduce uniforms for all its employees, including the chairman and managing director, for the first time after the country's Independence.

"Coal India has decided to enhance workers' ex gratia (in case of a mine accident) to Rs 25 lakh from the present 15 lakh from September 17, which is Vishwakarma Diwas and also coincides with the birthday of Prime Minister Narendra Modi," Reddy said, addressing the media.

The company will be passing on 100% of the benefit to their channel and customers, as GST on new pneumatic tyres has been reduced to 18% from 28%, while tractor tyres and tubes will attract a reduced GST rate of 5%, CEAT said in a statement.

The reduced prices, reflecting the new GST rates, will be applicable on all CEAT products effective September 22, 2025, it added.

"The reduced GST slabs will greatly benefit the tyre industry and consumers alike. Not only will it lower the cost of owning and operating a vehicle for customers across various segments, but by making tyres more affordable to replace, it will also make our roads safer," CEAT Managing Director & CEO Arnab Banerjee said.

This will be done for a consideration of "up to ₹138 crore" towards the acquisition of the balance of the 46.02% equity stake in HW Wellness, Marico said in a regulatory filing.

The deal will make the Pune-based packaged foods company a fully owned subsidiary of Marico, which earlier invested in HW Wellness to acquire 53.98% in May 2022.

The company's board at its meeting held on Friday approved the execution of definitive share purchase agreements for the acquisition of a little over 41.65 crore equity shares, aggregating to a 30.58% equity stake held jointly by the International Finance Corporation, Washington (IFC), and IFC EAF Apollo Investment Company (IFC EAF) in Apollo Health and Lifestyle Ltd (AHLL), Apollo Hospitals Enterprise Ltd (AHEL), said in a regulatory filing.

The board has also approved setting up a comprehensive oncology facility at Gurugram at an investment of ₹573 crore, it added.