Here is a list of the top ten stocks that may appear in the news on Wednesday:
Telecommunications companies: Operators must make an advance payment of 10% of the total fees before March 31. Thereafter, they must pay the balance in equal annual installments for 10 years at an interest rate of 8%. Meanwhile, Trai has sought stakeholder input on necessary changes to the telecom billing and metering system audit mechanism.
Infosys: The information technology specialist said he will hire 12,000 American workers over the next two years, creating a strong workforce of 25,000 in the United States over five years.
Oil and Natural Gas Corporation: The state reported an 85% year-on-year decrease in consolidated net income for the quarter ended June to ₹1,090 crore. Consolidated revenues decreased 43% to ₹62,496 crore.
Vodafone idea: The company’s board of directors will meet on September 4 to consider raising funds in one or more tranches through public issuance, preferential assignment, private placement, including a placement of rated institutions and other instruments.
Adani Green Energy: The 8 gigawatt solar power contract the company won from the government in June has propelled it to become the world’s largest solar developer by capacity.
MotoCorp Hero: The company reported an 8.5% year-on-year rise in its August domestic wholesale sales to 5,68,674 units due to the strong recovery in entry-level motorcycle sales in the rural and semi-urban markets following the easing of the closing measures.
Coal India: The state company reported the first increase in monthly shipments since February, after demand for the fuel recovered with the easing of restrictions. The miner is set to announce its June quarter earnings today.
Jubilant FoodWorks: The company that operates the Domino’s and Dunkin ‘Donuts chain of pizza and cafeterias in India will announce its earnings today. It had registered a 71.5% drop in independent net profit for the fourth quarter in ₹Rs 21 million, while independent income stood at Rs 897.85 million, an increase of 4%.
Indian Oil Corp: The oil retailer said its board approved an investment of ₹Rs 1,268 crore for installing a needle coker at its Paradip refinery in Odisha.
Zee Entertainment Companies: The company announced a new movie distribution service that will offer new movies on DTH and OTT platforms. It launched a pay-per-view movie service, Zee Plex, which will be available on both television and digital platforms.
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