Stocks to Watch, September 24: Dilip Buildcon, Infosys, HCLTech, Torrent Power, Swiggy, IHCL, Bajaj Electricals, Schloss Bangalore

Infosys will support Sunrise in fostering a modern, agile, and secure technology foundation to drive innovation and to continue securing its future readiness. The collaboration highlights the shared commitment of Infosys and Sunrise to customer-centric innovation through cutting-edge technology solutions, with a strong focus on IT transformation, data security, operational agility, and future AI integration.

Under a new multi-year contract, HCLTech will enhance and modernise the Gothenburg-based manufacturer’s IT infrastructure and transform its digital foundation services.

Newzone Power Projects Pvt Ltd (NZPPPL) is the holding company of Newzone India Pvt Ltd (NZIPL), Torrent Power said in an exchange filing.

It has acquired "11,95,110 equity shares of NZIPL and 30,00,000 equity shares of NZPPPL of face value of ₹10 each at a total consideration aggregating to ₹211 crore..." the company said.

The move is aimed at aligning the company's corporate identity with its The Leela brand, which operates luxury hotels and resorts in India.

The company got listed on the stock exchanges in June.

On Friday, Schloss Bangalore received shareholders' consent regarding the name change.

In partnership with JioBlackRock, Paytm Money will offer subscriptions to the JioBlackRock Flexi Cap Fund, an equity scheme leveraging BlackRock's SAE approach for the first time in India.

Jio BlackRock is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, the world's largest asset manager.

On July 31, Swiggy had said it was "actively re-evaluating" its investment in Rapido, as a potential conflict of interest may arise due to the latter's intention of entering the food delivery space.

The changes highlight the company's focus on scalable growth and institutional leadership as it continues to strengthen its position in the travel market, the Gurugram-headquartered travel booking platform said.

Rajesh Magow, co-founder and group CEO of MakeMyTrip, said, "Mohit's deep understanding of our business, combined with his proven track record, makes him ideally suited to drive operational excellence across the organisation.

"The move to reduce GST rates is a historic tax reform of this century. We expect this to lead to a 25% to 30% increase in LCV sales during the current festive season between September and October compared to the same period last year," Viplav Shah, head of LCV business at the Hinduja Group's flagship firm, told reporters.

Shah said that LCV sales are expected to increase during the ongoing Navratri festival and Diwali.

"We are planning five new Apollo Genomics Institutes in this financial year, before March 31. We want to expand to the northeast with a centre in Guwahati in Assam, Bhubaneswar in Odisha, Lucknow in Uttar Pradesh, Indore in Madhya Pradesh and Vizag in Andhra Pradesh," Apollo Hospitals Group Medical Director and Senior Consultant Paediatric Gastroenterologist and Hepatologist Anupam Sibal told reporters on Tuesday.

At present, there are 12 Apollo Genomics Institutes across the country, including the ones in Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Ahmedabad, and Kolkata.

"We will introduce the iconic Taj brand to Vizag, in line with our strategy to be present in key leisure and commercial markets.

"We are delighted to continue our partnership with Varun Hospitality Private Limited for this landmark project," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said in a statement.

This greenfield project will mark the debut of the Taj Hotel in the coastal city.

In a regulatory filing, the company said it is having one of its projects located at Rajpura, Punjab, on the land measuring 112.856 acres.

This is an integrated township with plots, group housing, commercial complexes, clubs, schools, etc.

Parsvnath has received licences for the construction and development of the project from the competent authority.

"The company has entered into a 'Development Management' agreement, inter alia, with Emperor Infratech Pvt Ltd, who has been appointed as the development manager of the project," it said.