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Stocks in news: SBI, BSE, Anand Rathi Share, Tata Steel, PFC, Kotak Mahindra Bank
The Economic Times· 2026-02-09 00:31
Financial Results - Tata Steel reported a 723% increase in consolidated net profit for the December quarter, reaching Rs 2,689 crore compared to Rs 327 crore in the same period last year. Revenue from operations was Rs 57,002 crore, up 6% from Rs 53,648 crore year-on-year [6][12] - State Bank of India (SBI) announced a 24% year-on-year growth in standalone net profit at Rs 21,028 crore for the third quarter, with net interest income increasing by 9% to Rs 45,190 crore and operating profit growing 40% to Rs 32,862 crore [12] Corporate Developments - Anand Rathi Share and Stock Brokers reported a fraud of Rs 13 crore discovered by its Internal Inquiry Committee, involving unknown individuals and employees of Anand Rathi IT Private Limited [4][12] - Tata Motors Passenger Vehicles Ltd (TMPVL) plans to raise vehicle prices due to ongoing pressure from rising commodity costs [8][12] - Reliance Consumer Products Limited (RCPL) announced the acquisition of a majority stake in Australia-based Goodness Group Global, expanding its presence in the Australian market [12] Strategic Investments - Tata Chemicals announced an investment of Rs 515 crore to establish a new greenfield manufacturing facility in Tamil Nadu for the production of Iodised Vacuum Salt Dried (IVSD) [10][12] - ACME Solar secured a 301/1,204 megawatt hour firm and dispatchable renewable energy project from SECI, integrating advanced solar, wind, and Battery Energy Storage Systems [9][12] - Larsen & Toubro (L&T) plans to commission 18 MW of data center capacity by March-end, increasing total operational capacity to 32 MW, with a capital expenditure of around Rs 1,000 crore [8][12] Market Expectations - Titan Company anticipates a significant rise in sales of luxury Swiss watches in India following the India-EU Free Trade Agreement, which has reduced import duties [7][12]
PowerBank Corporation Announces Contracts with Intellistake for Full Deployment of AI Agents Following Successful Beta Testing Phase
Prnewswire· 2026-02-05 12:07
Core Insights - PowerBank Corporation has transitioned from beta testing to operational deployment of IntelliScope Enterprise Hub AI agents developed by Intellistake Technologies Corp, marking a significant step in enhancing its renewable energy project development capabilities [2][8]. Group 1: Contracts and Deployment - PowerBank signed two contracts with Intellistake Technologies on February 4, 2026, to formally onboard and deploy the IntelliScope Enterprise Hub AI agents [2][4]. - The contracts include the build and deployment of two AI agent platforms, which completed approximately three months of proof-of-concept development during a closed beta phase [4][8]. - The combined Year 1 value of the two contracted platforms is approximately CA$278,000, which includes initial implementation and subscription services [14]. Group 2: AI Platform Functionality - The IntelliScope Enterprise Hub is designed to support renewable energy project development by analyzing geospatial data, evaluating regulatory requirements, and identifying optimal site locations for solar and battery storage projects [3][12]. - A public-facing AI communications agent will be embedded within PowerBank's website, enabling structured external engagement and generating analytics reports [5][9]. - IntelliScope will serve as a bespoke internal business intelligence platform, focusing on renewable energy development in the U.S. and consolidating fragmented data sources into a single intelligence layer [6][11]. Group 3: Testing and Evaluation - During the beta testing period, PowerBank's teams evaluated the AI agents' capabilities across multiple use cases, including site assessment workflows and permitting analysis [7][8]. - The testing framework examined performance metrics, integration requirements, and operational effectiveness within PowerBank's existing technology infrastructure [7]. Group 4: Future Plans and Expansion - PowerBank plans to expand the use of the IntelliScope Enterprise Hub across additional business functions and project development stages as the AI agents' capabilities are refined [13]. - The company views AI-powered analytical tools as complementary to its existing engineering and business development expertise, enhancing data processing and decision-making [13].
Hero Future Energies secures Rs 1,908 cr funding from SBI, Canara Bank
The Economic Times· 2025-10-06 10:53
Core Insights - Hero Future Energies has secured Rs 1,908 crore from State Bank of India and Canara Bank for a renewable hybrid project [1] - The project will have a capacity of 120 MW and will be located in Kurnool, Andhra Pradesh, integrating wind, solar, and storage technologies [1] - The funding ensures timely execution and commercial operation of the project, with a repayment period of 21 years [1]
Dovre Group Plc: Managers' Transactions - Corporatum Oy
Globenewswire· 2025-05-12 18:30
Group 1 - Dovre Group Plc is involved in renewable energy project development and construction, focusing on wind, solar, battery energy storage systems, and heat pump facilities in the Nordic countries through its subsidiaries Suvic Oy and Renetec Oy [5] - The company also offers project management software and related services through Proha Oy, and industrial virtual reality services via eSite [5] - In 2024, Dovre Group reported net sales of 99.3 million EUR and employs approximately 200 people [5] Group 2 - On May 7, 2025, Corporatum Oy, associated with board member Aaron Michelin, conducted multiple share acquisitions of Dovre Group Plc, totaling 54,597 shares at a volume-weighted average price of 0.21858 EUR [1] - Additional transactions on May 9, 2025, included acquisitions of 65,890 shares at a volume-weighted average price of 0.2201 EUR, along with smaller transactions on the same day [3]
Dovre Group: Final purchase price of the sold businesses
Globenewswire· 2025-04-29 05:44
Group 1 - Dovre Group Plc completed the sale of its Project Personnel and Norwegian Consulting businesses to NYAB AB for a final purchase price of EUR 36.4 million, which is an increase from the preliminary price of EUR 35.3 million [2][3] - The transaction resulted in a profit of EUR 7.0 million from discontinued operations recorded in the first quarter of 2025 after deducting transaction-related costs [3] - The Extraordinary General Meeting held on 16 December 2024 approved the sale, which was finalized on 2 January 2025 [2] Group 2 - Dovre Group is involved in renewable energy project development and construction in the Nordic countries, focusing on wind, solar, battery energy storage systems, and heat pump facilities [3] - The company reported net sales of EUR 99.3 million in 2024 and employs approximately 200 people [3]