Stocks to Watch, September 22: GRSE, Netweb Tech, PNC Infra, IT stocks, consumption-linked stocks, YES Bank, ONGC, Oil India, NTPC

From kitchen staples to electronics, from medicines and equipment to automobiles, goods and services will be cheaper from Monday as the reduced GST rates on about 375 items come into effect.

Currently, the H-1B visa fee ranges from about $2000 to $5000, depending on employer size and other costs. The visas are valid for three years and can be renewed for another three years.

The Letter of Intent (LoI) was received by the PSU on September 19, 2025.

The stock of the company, following the development, is expected to be in focus on Monday, September 22.

The company said it has received a purchase order for its Tyrone AI GPU Accelerated Systems.

The order has been awarded by "one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions," the company said, without disclosing the name of the client.

The nearly ₹16,000 crore bet from Sumitomo Mitsui Banking Corporation (SMBC) is a strategic one from an investor of global repute, and it will help improve YES Bank's ability to raise capital, drive business growth through network tie-ups and increase profitability, the official said.

"(With) the advantage ...in terms of having a strategic investor, the ability to raise capital, somebody willing to put (money) ...the possibility of our rating upgrade is there," Yes Bank's managing director and chief executive Prashant Kumar told PTI in an interview.

Kumar, a career SBI executive who was rushed to helm the recovery of the private bank in March 2020, said that Yes Bank's rating has improved to 'AA-' now from 'D' earlier.

For the hotel industry, the reduction of goods and services tax (GST) rates from 12% to 5% without input tax credit (ITC) is a clear growth catalyst, hospitality players said, asserting that it will strengthen revenues, encourage reinvestment, and enable hotels to deliver greater value and innovation for guests across the country.

Currently, hotel rooms with a daily tariff of up to ₹7,500 attract 12% GST with ITC.

According to the Hotel Association of India, the reduction in tax on hotel accommodation priced at ₹7,500 and below will provide relief to travellers to the extent of 7% on the room rate with the maximum of ₹525 per room per night. Similarly, travellers will gain on the GST on food menus.

However, it argued that GST reforms must take a holistic, business-focused approach that retains ITC credit.

In the first phase, four wells will be drilled in the deep sea of the Andaman, Mahanadi, Saurashtra and Bengal sedimentary basins.

Global energy giant BP will provide technical expertise in identifying the locations as well as drilling, officials said.

Stratigraphic drilling – also known as a stratigraphic test well – is a type of exploratory drilling aimed at studying underground geological formations rather than producing oil or gas.

These wells are drilled to gather data on subsurface layers through continuous coring, petrophysical logging, and seismic data integration. The objective is to build a detailed geological profile to support future hydrocarbon exploration, without any immediate intent to extract resources.

Established as a thermal-based power generator in 1975, NTPC Ltd (erstwhile National Thermal Power Corporation Ltd) has been increasing its capacity while diversifying into new modes of energy generation.

The country's largest power generator has an installed capacity of 83,026 megawatts at the group level based on fuel sources like coal, gas/liquid fuel, hydro, and solar, according to the NTPC website.

To increase its non-fossil fuel-based energy generation capacity, the company has plans to set up nuclear projects at various locations in India, both through the joint venture route and individually.

"For fuel, we are exploring the possibility of acquiring overseas uranium assets. Our board has already approved a draft MoU (memorandum of understanding) with Uranium Corporation of India Limited (UCIL) for joint techno-commercial due diligence of overseas uranium assets in this direction," the official told PTI.

The companies, in turn, are expecting a double-digit increase in sales during the festival season, with Navratra starting this week.

Leading players, such as Voltas, Daikin, Godrej Appliances, Panasonic, and Haier, have already come out with a new revised price list, which will be applicable from Monday, September 22, when the revised GST rates take effect.

Some AC manufacturers, along with their dealers, had started pre-booking of units at reduced prices, anticipating pent-up demand as lower GST rates take effect next week, and are quite buoyed by the initial consumers' response.

Besides room AC, they have also extended GST benefits to their variable refrigerant volume (VRF) air conditioners, which are meant for large buildings or small commercial setups, along with light commercial air conditioners (cassette-type split AC) and tower AC.

The contract also includes a provision for two additional hybrid propulsion vessels, a company statement said.

"The agreement builds on the ongoing 7,500 DWT (deadweight tonnage) multi-purpose vessel project being executed at GRSE's Kolkata yard for the German shipping company Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG," the GRSE said.

The deal was signed by Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE, and Thomas Rehder, Managing Director, Carsten Rehder Schiffsmakler und Reederei, in the presence of senior officials of both organisations.

The land deal has already been registered.

According to sources, ST Telemedia Global Data Centres (STT GDC), a Singapore-based data centre services provider, has recently acquired 24.34 acres of land at Palava.

Lodha Developers has sold 1.74 acres, while its subsidiary Palava Induslogic 4 Pvt Ltd has sold 22.6 acres of land for a total consideration of about ₹499 crore, they added.

It did not comment on the land deal. Earlier this month, Lodha Developers signed a Memorandum of Understanding (MoU) with the Maharashtra government for setting up a green integrated data centre park at Palava.

The MoU outlines that the total proposed investment would be of ₹30,000 crore, creating 6,000 direct and indirect jobs.

SBI Chairman Challa Sreenivasulu Setty, during his visit to the bank's local head office in Chennai, inaugurated the branches, a press release said on Sunday.

"SBI may already be India's largest bank with over 22,980 branches, yet we see clear opportunities to deepen our presence where banking access is still limited," he said.

The bank's chairman on the occasion virtually inaugurated 110 Gram Panchayat camps in the state.