Here is a list of the top ten stocks that may appear in the news on Thursday:
Infosys: TI Major raised its revenue growth guidance to 2-3% for the year through March 31 from 0-2% previously in constant currency terms. Its profit for the quarter to September increased 20.5% to ₹4,845 crore for a year. Revenues grew 8.6%.
Dependency Industries: The company’s subsidiary, Reliance Retail Ventures, has received the subscription amount of ₹ Rs 5,550 crore KKR and 81,348,479 equity shares were allocated to PE company under the previous arrangement.
Banks and finance: On Wednesday, the Supreme Court refused to give the government a month to implement a compound interest waiver on loans of up to ₹2 crore, saying it expects the government to implement the proposal before November 2.
Telecommunications companies: The telecommunications department has opposed the division of the initial payment that mobile telephony companies must make to renew spectrum permits that expire on July 21.
Multiplex actions: Movie theaters are scheduled to reopen starting today after a seven-month hiatus due to pandemic-induced closure. The government had published standard operating procedures for movie theaters and theaters to open across the country in the fifth phase of unlocking.
Future companies: The company has defaulted on the payment of interest owed on non-convertible bonds. Future Group founder Kishore Biyani has said the retailer lost almost ₹Rs 7 billion income in the first three to four months of the pandemic that led to him selling his business to Reliance Industries.
Bharti Airtel: The telecommunications company has partnered with global technology companies to develop products to power 4G and 5G networks based on Open Radio Access Network technology, the Business Standard reported. These companies include Rakuten, a Japanese e-commerce giant and 4G operator.
Mindtree: The IT company will announce its earnings for the September quarter today. The company’s dollar revenue for the June quarter decreased 9% sequentially to $ 253.2 million, while net income increased 3.3% quarter-on-quarter.
Lakshmi Vilas Bank: The board of directors of the capital-hungry lender will meet today to finalize a rights issue amounting to up to ₹1,000 crore. Deliberations on the proposed merger with Clix Group may also be an agenda, according to the Business Standard.
Hindustan Zinc: The leading zinc producer has signed a memorandum of understanding (MoU) with the Gujarat government for an entirely new zinc smelting project in Tapi, southern Gujarat.
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