Here is a list of the top ten stocks that may appear in the news on Wednesday:
Lakshmi Vilas Bank: The banking regulator took control of Lakshmi Vilas Bank (LVB) on Tuesday and forced a merger with the local unit of Singapore’s largest lender, DBS Bank. The government, at the request of the RBI, has limited withdrawals of deposits in ₹25,000 in LVB for a month.
Indiabulls Home Financing: The Reserve Bank of India rejected the shadow banker’s proposal to merge with Lakshmi Vilas Bank in October last year due to its high exposure to real estate. The mortgage lender has 4.99% in LVB.
Private sector banks: Shares of non-PSU banks will come under selling pressure amid growing concerns about the financial health of these lenders following the LVB issue. This is the third time in just over a year that RBI has taken control of a private bank. The other two were PMC Bank and Yes Bank.
Larsen and Toubro: The engineering specialist delivered the first hardware, a booster segment, for the Gaganyaan launch vehicle to ISRO ahead of schedule, despite COVID-19 restrictions.
Tata Steel: HDFC AMC has reduced its stake in the company to 2.96% from 5.02% previously. The company has also shown interest in acquiring a stake in Odisha Neelachal-based steelmaker Ispat Nigam Ltd, a joint venture in which four core PSUs (MMTC, NMDC, Bharat Heavy Electricals Ltd (BHEL) and MECON) and two Odisha governments IPICOL and Odisha Mining Corporation (OMC) are shareholders.
DLF Ltd: Realty major has been recognized as an index component of the Dow Jones Sustainability Indices (DJSI) in the emerging markets category. This recognition demonstrates DLF’s track record for its governance, social and environmental initiatives.
Bharti airtel: The telco has begun to deploy 4G technology in the 900 megahertz band, which it was using for 2G services, in 10 telecommunications circles to improve the indoor coverage of high-speed mobile telephony, according to sources involved in the process. Refurbishment of the 900 Mhz spectrum band for 4G services is underway in six circles in Delhi, Kolkata, Andhra Pradesh, Northeast, Karnataka and Rajasthan.
REIT of embassy office parks: The real estate investment trust said it agreed to purchase Bengaluru’s Embassy Tech Village (ETV) business park from the trust’s backers for around $ 1.3 billion (about ₹9,782 crore). Embassy Reit sponsors include Embassy Group, Blackstone Group Lp and other shareholders.
Oil and Natural Gas Corporation: The oil producer signed contracts for seven oil and gas blocks that it had won in the last bidding round that had little participation from the private sector. Oil India Ltd signed up for the remaining four blocks awarded under the fifth round of Acreage Open Licensing Policy (OLAP) tenders.
Dewan Housing Financing: Lenders from the troubled DHFL are analyzing a payment strategy for 55,000 fixed deposit holders (FDs) as part of a resolution plan. According to the minutes of a meeting of the committee of creditors (CoC) held last week, the lenders are analyzing various scenarios to distribute the proceeds of the funds received from the new investor.
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