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Prachi Mehta

28th Aug · SEBI-Registered Analyst

Stocks in News today

LEMONTREE
has signed a new property -- Lemon Tree Resort, Pench, Maharashtra. This property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. Lemon Tree Wildlife Resort, Pench, Maharashtra will feature 60 well-appointed rooms. To cater to its guests, the resort will also feature a restaurant, a banquet, a swimming pool, a spa and other recreational facilities. The Nagpur Airport is approximately 85 kms away from the property, while the Nagpur Railway Station is about 62 kms away. The hotel is well connected by roadways for both public and private transport.
HFCL
’s material subsidiary -- HTL has received the contract of Rs 101.82 crore from Indian Army for supply of Tactical Optical Fiber Cable and related accessories. This indigenously manufactured solution features Optical Fiber Cables capable of withstanding the weight of heavy armored vehicles. It is equipped with specialized military-grade connectors, designed for extreme and demanding environments.
RVNL
(RVNL) has signed a Joint Venture Agreement with Texmaco Rail & Engineering for undertaking projects in the railway and allied infrastructure sectors. A joint venture company (JV Company) shall be incorporated subject to approval of RVNL’s Board of Directors and other statutory approvals. The proposed shareholding of RVNL and Texmaco Rail & Engineering will be 51% and 49% respectively. Samvardhana Motherson International (SAMIL) has incorporated a wholly owned subsidiary, namely, Motherson Manufacturing Services (MMSL) on August 26, 2025. MMSL will, inter-alia be engaged in the business of providing manufacturing, trading and related services across a variety of industries. Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with Standard Chartered Bank. Zaggle acts a solution provider by making its offerings like Prepaid payment instruments platform available to Corporate Customers referred by Standard Chartered Bank.

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