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Following the sharp increases in their international rivals, the major benchmark indices are set to open trade on a positive note. After the head of the US Federal Reserve said that smaller rate hikes may begin as early as December, US markets rose up to 4% overnight. Aside from that, India’s GDP figures of 6.3% were in line with those predicted by the RBI.
NDTV: The Adani Group, through its subsidiary Vishvapradhan Commercial Pvt. Ltd. (VCPL), could push for the nomination of its directors to the NDTV board of directors after acquiring control of RRPR Holdings, the NDTV promoter firm, which holds 29.18% of the broadcaster’s shares. The Adani Group has grown to be NDTV’s single largest shareholder, moving it one step closer to seizing control of the business, according to the founders of proxy advice firms, even if the open offer failed to pique investor enthusiasm for the second session in a row on Wednesday.
Tata Consultancy Services: Rail Delivery Group (RDG) has hired Tata Consultancy Services (TCS), a leading provider of IT services, to design, develop, implement, and run the UK’s rail data marketplace. Six years are the duration of the contract, with the possibility of an extension.
Asian Paints: Since the end of September, the stock of Asian Paints has traded flat to slightly higher after a 15% decline from its highs. The stock was under pressure as a result of margin concerns brought on by a rise in raw material prices, customer down-trading, and increased competition pressures. Raw material costs for paint manufacturers are anticipated to decrease, though, as crude oil prices have fallen to their lowest levels of the year.
Apollo Hospitals: On Wednesday, the company’s board of directors approved the issuance of Non-Convertible Debentures (NCDs) in the amount of Rs. 105 crore. The stated term will last 13 months.
Asian Paints: Since the end of September, the stock of Asian Paints has traded flat to slightly higher after a 15% decline from its highs. The stock was under pressure as a result of margin concerns brought on by a rise in raw material prices, customer down-trading, and increased competition pressures. Raw material costs for paint manufacturers are anticipated to decrease, though, as crude oil prices have fallen to their lowest levels of the year.
Apollo Hospitals: On Wednesday, the company’s board of directors approved the issuance of Non-Convertible Debentures (NCDs) in the amount of Rs. 105 crore. The stated term will last 13 months.
Manali Petrochemicals: For GBP 21 million, the business purchased UK-based Penn Globe. The latter is a global leader in chemical products such lubricants, surface coatings, release agents, and silicone emulsions as well as foam control agents.
KPI Green Energy: At its meeting on November 30, 2022, the company’s board suggested issuing bonus shares in a 1:1 ratio.
Hatsun Agro Products: The board of the company will meet on December 3 to review and talk about the conditions of the proposed rights issuance of equity shares.
Ashok Leyland: As part of its ongoing investigation into the 2017 BS-IV vehicle scam, the Enforcement Directorate (ED) announced on Wednesday that it had attached properties worth Rs 22.10 crore belonging to businesses involved in a prevention of money laundering case and was also looking into Ashok Leyland’s possible involvement.
Reliance Industries (RIL): The business will now ask shareholders for permission to change its memorandum of association (MoA) to add two new subclauses relating to engineering, procurement, and construction (EPC) services after receiving board approval in October.
Sanghi Industries: The board of the business will meet on December 3 to discuss and assess potential funding options.
Stocks in F&O ban: BHEL, Delta Corp, Indiabulls Housing Finance, and PNB are the stocks that are subject to a F&O restriction on Thursday.
