Friday, July 12, 2024
Home News Tata Steel, BEL, Paytm, Zydus Life, Crompton Greaves, NBCC

Tata Steel, BEL, Paytm, Zydus Life, Crompton Greaves, NBCC

 

TATA Steel,

Stocks to watch today: SGX Nifty suggested a gain of over 100 points at 17,031 by 7:20 am on Monday amid mixed global cues.
In the holiday-shortened week, the action of expiry of monthly derivatives, crude oil prices, rupee movement, and foreign fund inflows will determine the market movements.

Overnight, US equity futures rose up to 0.5 percent, with S&P 500 futures, Dow Jones futures and Nasdaq futures up.

Asia-Pacific markets, on the other hand, were mixed, as the Nikkei 225, S&P 200 and Topix indexes climbed up to 0.2 percent each.

Meanwhile, back home, here are some stocks likely to see action in Monday’s trading:

Paytm: The Reserve Bank of India (RBI) granted time extension to Paytm Payment Services to re-submit its payment aggregator license application. While the company awaits the Centre’s approval for previous investments from its parent company One97 Communications, the RBI said the company can continue with its online payment aggregation business. Read more

 

Crompton Greaves: The company merged with Butterfly Gandhimati Appliances to enable faster and easier realization of the synergies of the combined business. Upon the merger, public shareholders of Butterfly will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as on the record date. Read more

Zydus Lifesciences: The drug firm has recalled more than 55,000 bottles of a generic drug used to cure gout in the US market for failing impurity specifications. The affected consignment is manufactured by Ahmedabad-based Zydus Lifesciences and marketed in the US by New Jersey-based Zydus Pharmaceuticals (USA) Inc. Read more

 

Tata Steel: The steel maker acquired 4.6 lakh shares of Rs 10 each, on a rights basis, of Tata Steel Utilities & Infrastructure Services at a premium of Rs 205 per share, for an amount of Rs 10 crore.

Lupine: The drugmaker informed that the UK Medicines and Healthcare Products Regulatory Agency successfully conducted an inspection of the company’s Pithampur facilities in India. The inspection was done from March 20 to March 24.

Karur Vysya Bank: RBI imposed a monetary penalty of Rs 30 lakh on the bank for non-compliance of certain provisions of the directions issued by RBI.

IndusInd Bank: The private sector lender announced the appointment of Vikas Mattoo as the COO and Head Member Services of its subsidiary – Bharat Financial Inclusion.

Greaves Cotton: The company’s subsidiary Greaves Electric Mobility collaborated with Royal Challengers Bangalore as their official EV partner for ‘Ampere Electric Two-Wheelers’ for the upcoming T20 season.

NBCC (India): HSCC (India), a wholly owned subsidiary of the company, bagged a work order of Rs 81.19 crore from All India Media Sciences, New Delhi for construction of vertical extension of service block.

Bharat Electronics: The Defense Ministry signed a Rs 3,000 crore contract with a defense firm for the supply of Integrated Electronic Warfare Systems for the Indian Army.

ISGEC Heavy Engineering: The company has bagged an order worth Rs 197.2 crore from Maharashtra State Power Generation for refurbishment and modernization of ESP at Chandrapur Thermal Power Station in Chandrapur.

Khadim India: The footwear firm assigned whole-time director Hrithik Roy Burman to manage the regular affairs and overall operations. Hrithik is a member of the Promoter Group and Key Managerial Personnel of the Company.

Welspun India: Credit rating agency India Ratings & Research affirmed the outlook for the company’s credit rating at ‘stable’.

Stock in F&O Restrictions: Hindustan Aeronautics and Indiabulls Housing Finance are inTATA Steel the F&O restriction period on Monday.

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