SGX Nifty Futures hinted at a possible gap-up start for Indian stock indices on Thursday. Here are the main actions to track in today’s session:
Mrs. Bectors: Mrs Bectors Food shares will debut today on the stock exchanges. The initial public offering with 198 times the offering is the most subscribed issue of CY 2020.
DTH service providers: The actions of DTH service providers such as Dish TV, Hathaway Cables, Den Networks will be in the spotlight today after the Union Cabinet approved changes to the guidelines for providing Direct to Home (DTH) services to align them with the existing policy allowing 100 percent of FDI in the DTH broadcasting services sector. He also said that licenses will now be issued for 20 years with a provision for renewal every 10 years.
Telecommunications actions: Shares of telcos are likely to react to Trai data released Wednesday that showed Bharti Airtel surpassed Reliace Jio in adding mobile clients in October. This is the second month in a row that Airtel added the highest number of subscribers with 3.67 million new customers. Reliance Jio followed suit with 2.22 million new mobile customers, while Voda Idea lost the most mobile customers for the month. The company lost 2.65 million subscribers.
Vedanta: The promoters of Vedanta Limited plan to launch an offer to Qualified Institutional Buyers (QIBs) to buy up to 4.98 per cent stake in India-traded base metals from the crude oil producer through the accelerated purchase of capital shares (block agreements). Aurobindo Pharma: The company has signed an exclusive agreement with COVAXX to develop and commercialize the COVID UB-612 vaccine for India and UNICEF.
Forge of Bharat: Automotive components major Bharat Forge said Wednesday that its three Germany-based subsidiaries reached an agreement with the European country’s national competition regulator over two separate proceedings. “In this matter, the German subsidiaries have reached an agreement for a total amount of 32 million euros (about 287 million rupees) to be paid over the next five years.
The terms of the agreement are confidential under applicable laws, “he said.
Tata Communications: Digital technology firm Tata Communications said on Wednesday that it acquired a 58.1 percent stake in French eSIM company Oasis Smart SIM Europe SAS (Oasis). Oasis develops and provides advanced technologies and customized services to enable the deployment of eSIM and SIM technologies.
Ambuja Cement and ACC: The Board of Directors approved the renewal of the current Technology and Knowledge Agreement with Holcim Technology under which the company pays fees from TKH at 1% of net sales each year, to HTL, for a period of 2 years from January 1, 2021. in the same terms as this TKH Agreement.
Small financial bank of the UA: AU Small Finance Bank (AU Bank) said on Wednesday that it has launched a new mobile banking app and net banking portal. The new platforms will offer more than 100 services that are tailored not only for common banking needs, but also for daily lifestyle requirements, such as booking tickets, paying bills, paying taxes, and shopping offers. the bank said in a statement.
Bombay Rayon Fashions: Fabric and garment maker Bombay Rayon Fashions Ltd (BRFL) has said it would move its Tarapur fabric and yarn dyeing processing unit to its subsidiary BRFL Textiles Private ltd, for sale in recession as part of its restructuring efforts. The board of the cash-strapped company on Sept. 2 approved the drop sale for a proposed 630 crore general consideration to be paid by its subsidiary, BRFL said in a statement.
Bell of the East: Equity Intelligence India and Porinju Veliyath increased the shareholding in the company to 5.02 percent from 4.91 percent previously.
CG power: CG Power and Industrial Solutions announced Wednesday the opening of its smart motor manufacturing plant at Ahmednagar in Maharashtra. In Ahmednagar, this is the company’s seventh manufacturing facility, which is spread over an area of 4,200 square meters and is equipped with the latest world-class equipment and machinery, the company said in a statement.
Zee Media Corporation: The Zee Media Board of Directors has approved, among other things, the terms of the fundraising by issuing and allocating up to 2,500 guaranteed NCDs of face value of Rs 10 lakh each for cash at par, totaling up to Rs 250 crore in one or more series, privately.
Indiabulls Home Financing: Tower Research Capital Markets India bought 21.75 lakh shares or 0.47% stake in IB Housing at Rs 197.59 per share and sold 25.34 lakh shares or 0.55% stake at Rs 198.38 per share. action.
3i Infotech: Standard Chartered Bank sold 1 crore or 0.62 percent stake in 3i Infotech at Rs 5.15 per share on the NSE.
Majesco: Third Alpha LLP & Others increased its stake in the company to 5.40 percent from 4.83 percent previously through open market transactions.
HDFC: The largest pure mortgage player HDFC, which on Wednesday signed a pact with the Indian Green Building Council (IGBC), said that its green home retail loan book has crossed the Rs 14,000 crore mark on 310 certified green buildings. The mortgage lender further said that up to 75 percent of its discounted rental rental portfolio has green ratings.
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