NEW DELHI: Here are the top 10 stocks that could be in focus on Wednesday:
Bank actions: Toxic assets on banks’ balance sheets are expected to rise to 10-11% of total advances as the regulator phased out asset rating relaxations offered to lenders to weather the covid-19 storm, S&P said. Global Ratings.
State Bank of India: You said it went up ₹Rs 2,500 crore of bonds to finance business growth. The committee of directors for raising capital at its meeting held on Tuesday approved the allocation of 25,000 non-convertible, taxable, perpetual, subordinated, unsecured and fully paid-up debt instruments in accordance with Basel III that qualify as AT 1 capital. from the bank to the subscribers.
Automotive companies: The Center likely has strict eligibility criteria for vehicle manufacturers to qualify for subsidies under the Production Linked Incentives (PLI) scheme that was introduced to boost local manufacturing. The qualification parameters for Indian automakers may include minimum annual exports of ₹1000 crore.
Telecommunications actions: The sector regulator has imposed sanctions amounting to ₹35 crore on eight operators, including Bharti Airtel, Vodafone Idea and Reliance Jio, for allowing cybercriminals to issue fake SMS to deceive digital payment users.
DHFL: Dewan Housing Finance Corp. Ltd (DHFL) Lenders Are Likely To Seek New Offers For The Bankrupt Mortgage Lender, And Its Creditors Committee (CoC) Is Expected To Vote Wednesday To Decide On This Matter, Five People Insofar development said.
Adani Companies: The Kerala government has mobilized the Supreme Court against the Center’s decision to lease Thiruvananthapuram International Airport to Adani Enterprises.
JSW Steel: You have entered into a legally binding share purchase agreement to acquire the remaining 26.45% interest in JSW Vallabh Tinplate for a total sum of ₹Rs 35 crore from existing outside shareholders as it will add strategic value, the company said.
Tata Chemicals: The Tata Group Company announced on Tuesday that it has appointed N. Chandrasekaran as an additional director and chairman of the company’s board of directors effective November 24. Currently, he is the appointed chairman of Tata Sons, the holding company of the Tata Group.
Airline stocks: Airlines globally will lose a record of more than $ 118.5 billion this calendar year due to the coronavirus pandemic and a reduced travel appetite, the International Air Transport Association (IATA) said on Tuesday. However, losses are expected to decline to $ 38.7 billion next year, the industry body said.
Muthoot financeThe Reserve Bank of India rejected a proposal by Muthoot Finance Ltd to buy IDBI Asset Management Ltd and IDBI MF Trustee Co. Ltd from IDBI Bank Ltd and IDBI Capital Markets and Securities Ltd, the non-bank financier said on Tuesday.
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