Here is a list of the top ten stocks that may appear in the news on Friday:
Banks and financial services: The Supreme Court has ordered banks not to label loans that were standard as of August 31 as delinquent, even if there was a default, until new orders are issued. In addition, Finance Minister Nirmala Sitharaman asked banks to implement resolution plans for accounts affected by covid before September 15.
Dependency Industries: Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in Reliance Retail, the Financial Times reported, citing sources. The investment would value RIL’s retail sale at approximately $ 57 billion.
Vodafone idea: The mobile service provider’s board meets Friday to consider fundraising options after the Supreme Court ordered all telecom operators to pay 10% of total fees related to adjusted gross revenue in 2020. -21 and the rest in equal installments for 10 years, starting from fiscal year 22..
Infosys: The IT specialist has signed a definitive agreement to acquire US-based product development and design company Kaleidoscope Innovation for up to $ 42 million. The acquisition is expected to close during the second quarter of fiscal 2021.
Tata Motors: Energy Efficiency Service Ltd, a joint venture between public sector units under the Ministry of Energy, has announced the acquisition of 250 long-range electric vehicles (EVs) from the company and also from Hyundai Motor India, to be used by government officials.
State Bank of India: The lender is likely to collect up to ₹Rs 4,000 crore in perpetual bonds. It can offer interest in the 7.40-7.5% range for quasi-equity securities likely to go up for auction on Monday, The Economic Times reported.
InterGlobe Aviation: IndiGo, India’s largest airline, operated by the company, is betting heavily on the holiday season, trying to revive passenger demand following a surge in flight bookings as states ease travel restrictions.
Hindustan Aeronautics: The government has proposed offering 5.02 lakh of shares to eligible company employees at a discounted price of ₹950.95 per share in an offer to sell that will remain open from September 4-9.
CreditAccess Grameen: The NBFC board of directors has approved the issuance of capital shares, through private placement, FPO, preferential issuance, QIP and others, up to ₹1000 crore.
Housing Financing PNB: The mortgage lender is likely to lay off about 5-7% of its employees to rationalize costs amid the business downturn, The Economic Times reported.
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