NEW DELHI Here is a list of the top ten stocks that may appear in the news on Thursday:
TCS: India’s largest IT services company, Tata Consultancy Services (TCS), has announced a share buyback program of up to ₹16,000 crore, which will begin on December 18 and close on January 1, 2021. Last month, TCS shareholders approved a proposal to buy back up to 5,33,33,333 shares of the company’s capital in ₹3,000 per bonus for a total amount not to exceed ₹16,000 crore.
IRCTC: The government plans to sell up to a 20% stake in Indian Railway Catering and Tourism Corp (IRCTC) through an Offer for Sale (OFS) that opens for subscription on Thursday.
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Maruti Suzuki: Car market leader Maruti Suzuki India said on Wednesday that it will raise its vehicle prices from January to offset the adverse impact of rising input costs. Over the past year, the cost of the company’s vehicles was negatively affected by the increase in various input costs, Maruti Suzuki India said in a regulatory filing.
Glenmark: The company has redeemed US $ 182,500,000 in the total principal amount of its Senior Notes due 2021 (“Notes 2021”) listed on Singapore Exchange Securities Trading Limited, representing approximately 91.25% of the total principal amount of the 2021 Notes at the time of initial listing, Glenmark said in a regulatory filing.
Max Financial Services: The company has completed the exchange of Mitsui Sumitomo Insurance Company’s (MSI) 20.57% stake in Max Life Insurance Company Ltd (Max Life) with a 21.87% stake in Max Financial.
M&M: The company’s operations in the automotive sector will be affected by the global supply shortage of microprocessors (semiconductors) used in the Electronic Control Unit (ECU) that is supplied by Bosch Limited. This is estimated to result in a reduction in the production / sales volume of the automotive division of Mahindra & Mahindra and Mahindra Vehicle Manufacturers Limited, a wholly owned subsidiary of the Company (“MVML”) in the last quarter of fiscal 21 .
Eveready Industries: The company has denied media reports that Dabur’s promoters bought a majority stake in it. “The Company has not received any information / disclosure, from the person (s) / entity (s) in question as stated in the news report. From time to time, the Company has been appropriately disseminating to the Stock Exchanges, information that is required to be understood under Regulation 30 of the SEBI Regulations (LODR) of 2015, “it said in a statement from the stock exchange. values.
RBL Bank, ICICI Prudential: RBL Bank and ICICI Prudential Life Insurance have joined together under a bancassurance partnership to sell insurance policies to the bank’s clients. Up to 398 RBL Bank branches in 28 states will distribute ICICI Prudential Life savings and protection products, according to a joint press release issued Wednesday.
Varroc Engineering: VarrocCorp Holding BV, a wholly owned subsidiary of the Company, has acquired the remaining 30% of the stake, that is, 60,000 shares of VARROC-ELBA ELECTRONICS SRL held by ELBA SA, Romania for a value of 1.05 million euros.
Sical Logistics: Yes Bank downloaded 3,84,031 shares of Sical Logistics in ₹14.31 each.
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