Monday, February 19, 2024
Home News Adani Group, Vedanta, NHPC, PNB Housing, RHI Magnesita

Adani Group, Vedanta, NHPC, PNB Housing, RHI Magnesita

Vedanta,

Stocks to observe today: Due to weak signals from overseas markets, market trading on Wednesday is likely to begin calmly. Due to rising treasury yields, last night’s close for US markets was negative.

In addition, the market is probably going to stay unstable today because of expiry of month to month prospects and choices (F&O). Due to the trading holiday tomorrow, F&O’s expiration is one day earlier.

 

SGX Nifty April futures were roughly unchanged at 17,080 at 07:10 AM.

Adani Company: Adani Group CFO Jugeshinder Robbie Singh denied rumors that the company’s March 7 and 12 announcements will be available on stock exchanges after yesterday’s poor performance in the face of pledged shares. It is an “intentional misrepresentation” because the information does not correspond.

 

He added that the pledged promoter shares data are updated by the stock exchanges at the end of each quarter. More about Vedanta: The board of Vedanta, which is led by Anil Agarwal, approved the company’s fifth interim dividend, which was set at Rs 20.50 per equity share, on Tuesday. With this, the company’s annual dividend will reach Rs 37,730 crore, its highest level ever.

 

Bharti Airtel, Reliance: Reliance Jio, which is owned by Mukesh Ambani, has made a bold move into the fixed broadband market by offering a basic unlimited 10 Mbps home broadband service for just Rs 198 per month. More about Jindal Stainless: The establishment of a nickel pig iron (NPI) smelter in Indonesia has been agreed upon by stainless steel major and New Yaqing Pte, a subsidiary of Eternal Tsingshan Singapore. With its Rs 1,200-1,300 crore investment, Jindal Stainless will own 49% of the joint venture (JV) company, while NewYacking will hold the remaining stake.

 

Energy JSW: In the second tranche of the Solar PLI (Production Linked Incentive) program, Reliance, Tata Power Solar, and JSW Energy each received Rs 13,937 crore for various categories. Only Rs 3,098 crore have been given to Reliance. More on the NHPC: The board of directors of the company has approved a plan to issue secured/unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more tranches to raise debt totaling up to Rs 5,600 crore during the fiscal years 2023 and 2024.

 

Housing Finance from PNB: A rights issue for Rs 2,494 crore has been approved by the company’s board. The company intends to issue 275 rupees each of 90.68 million fully paid equity shares.

The record date for determining whether shareholders are eligible to take part in the Rights Issue has been set by the company for April 5, 2023. The rights issue will be open for subscription from April 13 to April 27, 2023.

 

Insurer: The new regulations that the insurance regulator issued regarding the payment of commission to intermediaries have been approved by the government, paving the way for insurance companies to have more discretion over the amount of commission they receive. Understand more

RHI Magnesita India: A plan to raise Rs 200 crore through a preferential issue of equity shares is up for discussion and approval at the company’s board meeting on April 1.

 

Renewables from Kintec: The company has scheduled a board meeting for April 3, 2023, to discuss the funding request.

IFCI: For FY23, the business intends to raise up to Rs 400 from the promoters—the government—through a preferential equity share capital issue. of India.

 

India’s investment in tubes: TI Clean Mobility, the company’s subsidiary, has received Rs 133.33 crore from State Bank of India and Rs 266.67 crore from Multiples Private Equity Fund III.

Mastec: The information technology company announced the opening of its new location in Green Park, Thames Valley.

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