Stocks to Watch, September 17: DreamFolks Services, Amber Enterprises, Jindal Steel, Lupin, Mahindra Life, BEL, Blue Dart, ITC

The company said that the impact of the same is material. However, the other domestic services and global lounge business will continue as usual.

Dreamfolks said it reiterates that contracts with its clients remain active and the discussions with the clients on alternate customer value propositions are in progress.

Madison India Capital, through its affiliate MIO Star, offloaded 67.72 lakh equity shares, representing a 1.15% stake in Chennai-based health insurer Star Health and Allied Insurance, as per the bulk deal data available on the NSE.

The transaction was valued at around ₹298.67 crore and was executed at a price of ₹441.01 apiece.

The show cause cum demand notice, sent by the Office of the Commissioner of GST and Central Excise on September 15, alleges the demand and recovery of the tax dues for the period April 2021 to March 2023.

The 2.004% acquisition has increased LIC's stake in the IT major to 10.84% from the 8.836% stake it held previously, which translates to 10,61,86,709 shares held by the life insurer, according to a regulatory filing.

The share acquisitions were made between June 6, 2023, and September 15, 2025, the filing added.

In a regulatory filing on Tuesday, the company informed that it has been chosen as the partner for two society redevelopment projects in Chembur, Mumbai.

The combined gross development potential of these two projects is ₹1,700 crore.

The two societies span around 2.6 acres and 1.8 acres.

With this, the total dividend (including interim dividends) paid by Power Grid for 2024-25 to the Government of India amounts to ₹4,297.40 crore.

A cheque was presented to Union Minister of Power Manohar Lal on Tuesday by Power Grid Chairman and Managing Director R. K. Tyagi.

The winter schedule starts in late October.

With the latest agreements for 8 Boeing 737 planes, the "airline's planned fleet additions rise to 18 aircraft, reinforcing its commitment to meet the rising demand for air travel during the upcoming festive and winter season," SpiceJet said in a release.

"The proposed combination relates to the acquisition of a minimum of 95% and a maximum of up to 100% of Jaiprakash Associates Ltd (JAL) by PNC Infratech Ltd (acquirer), or through a special purpose vehicle company that the acquirer may incorporate in the future as its wholly owned subsidiary to acquire JAL," according to a release issued by the regulator on Tuesday.

The Hyderabad-based drug maker has introduced Tegoprazan (50 mg) under the brand name PCAB.

Tegoprazan is a next-generation potassium-competitive acid blocker and is indicated for the treatment of acid peptic diseases (APD), such as erosive gastro-oesophageal reflux disease (GERD), non-erosive gastro-oesophageal reflux disease (NERD) and gastric ulcer.

"We believe in the future of green steel production in Germany and Europe. Our goal is to preserve and grow thyssenkrupp’s 200-year industrial legacy and help transform it into Europe’s largest integrated low-emission steelmaker," Narendra Misra, Director of European Operations of Jindal Steel International, said in a statement on Tuesday.

The official said his company looks forward to a constructive dialogue with thyssenkrupp AG and its employee representatives.

The development came after JSW Paints announced in June this year that it would buy a 74.76% stake in Akzo Nobel India for ₹8,986 crore, followed by an open offer to buy another 25 per cent from the open market for up to ₹3,929.06 crore, totalling over ₹12,915 crore, to become the fourth-largest player in the paint industry in the country.

The British luxury carmaker’s factories in Merseyside, north-west England, and Solihull in the West Midlands, as well as facilities around the world, including in India, Slovakia and China, remain at a standstill after an IT network shutdown. In the latest company update for its suppliers, JLR said its “forensic investigation” into the cyberattack remains ongoing.

“Today we have informed colleagues, suppliers and partners that we have extended the current pause in our production until Wednesday 24th September 2025,” the JLR statement said.

PE firms, including Temasek, which recently acquired a 10% stake in Haldiram's, along with TPG, ADIA (Abu Dhabi Investment Authority) and some 10 other VC/PE names, are in discussion with the promoters to acquire a minority stake in Balaji Wafers.

Besides FMCG companies, ITC Foods is also in the race to acquire a stake in Gujarat-based Balaji Wafers, which has a strong presence in the chips, namkeen and confectionery products in central and western India.

“Major orders received include IT Infra & Cyber Security Solution, ESM Systems, Blockchain Solution Platform, Communication Equipment, Spares, Services, etc.,” BEL said in a regulatory filing.

On September 1, BEL secured another order worth ₹644 crore, covering a wide range of products and services, including data centres, ship fire control systems, tank navigation systems, communication equipment, seekers, jammers, simulators, electronic voting machines, upgrades, spares, and other related services.