Here is a list of the top ten stocks that may appear in the news on Tuesday:
Dependency Industries: The company’s telecom arm, Jio, has become the first mobile service provider to cross the Rs 40 million customer mark in India with a net addition of more than 35 lakh subscribers in July.
Maruti Suzuki: The automaker has advised the owners of its highly leveraged component suppliers to sell some of their side businesses and increase the involvement of developers to improve the cash flow and financial stability of their companies.
Consumer goods companies: The announcement of the Minister of Finance, Nirmala Sitharaman, could generate a ₹36 billion rupees in consumer demand and driving sales of products such as mobile phones, home appliances, furniture and clothing.
Banks and finance: The Supreme Court is ready to consider the interest waiver case at noon today. In an affidavit filed in the Supreme Court, the RBI warned of risks to the banking sector if the suspension on bad debt classification is not lifted immediately.
Infosys: The IT services major said it completed the acquisition of US product design and development firm Kaleidoscope Innovation. On September 3, Infosys announced that it will acquire Kaleidoscope Innovation for up to $ 42 million (approximately ₹308 crore).
State Bank of India: US-based private equity fund manager Blackstone has refinanced discounted rental loans worth ₹Rs 2,500 crore with SBI, a source told Business Standard.
Wipro: The company will report its earnings for the September quarter today, while the board will also announce details of the share buyback.
SRF: The specialty chemicals manufacturer launched a qualified institutional placement, offering to raise as much as ₹750 crore from institutional investors. The minimum price for the sale of shares has been set at ₹4168.73 per share.
Indian Robe: The footwear retailer is opening more stores through franchised partners in smaller cities and towns where demand has recovered faster than in metropolitan areas. Since the closing, about 30 new stores have been added and 35 to 40 more are being prepared.
Lakshmi Vilas Bank: The cash-strapped lender has said its board will meet later this week to consider issuing shares based on existing shareholders’ rights. Last week, the lender said it had received a non-binding offer from Aion-backed non-bank finance company Clix Group for a merger.
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