The Singapore Exchange’s Nifty futures traded 65 points, or 0.35 percent, higher at 18,440, indicating that Dalal Street would start the day on a positive note.
The top stocks that will be the subject of today’s attention are listed below:
Aditya Birla Fashion and Retail: To launch upscale department stores and a specific e-commerce platform in India, the business formed a strategic alliance with Galeries Lafayette. Blue Dart Express: As part of its expansion strategy, the company announced the creation of 25 retail locations in Tier I and II cities.
Nykaa: Citigroup has started a block sale to sell $125 million or Rs 1,000 crore worth of shares in the cosmetics-to-fashion shop Nykaa. TPG Capital is the seller in the block deal.
Bajaj Auto: Life Insurance Corporation of India (LIC) sold 56.68 lakh shares, or 2% of Bajaj Auto, on the open market. As a result, LIC’s ownership of the company has dropped from 7.2% to 5.2%.
Blue Dart Express: As part of its expansion strategy, the company announced the creation of 25 retail locations in Tier I and II cities.
ONGC: The major oil and gas producer in India, ONGC, is set to have Arun Kumar Singh as its new chairman. This would represent the first time a person over 60 has held the role of chairman of a senior PSU board. After conducting six interviews with potential candidates in August, a search and selection committee appointed by the oil ministry decided on Singh. Singh will be in charge of the financially lucrative PSU for three years if his appointment is confirmed.
NDTV: The Income Tax Department has once more put a hold on a tax claim for the corporation for the assessment year 2007-2008 totaling Rs. 59.98 crore.
Reliance Industries: According to Trai data, the 4G network speed chart for both average download and upload speeds was dominated by telecom giant Reliance Jio. The telecom giant maintained its lead in the market despite a slight drop in 4G speed from 6.4 mbps in September to 6.2 mbps in October.
Vedanta: On November 22, the company’s board will convene to discuss and approve the third interim dividend for the current fiscal year.
Fortis Healthcare: IHH Healthcare, a Malaysian company, has been advised by SEBI to move forward with its open offer to buy an additional 26.1% stake in Fortis Healthcare after receiving the proper approval from the Delhi High Court. For further action, IHH is currently looking for legal counsel.
Mahindra Lifespace Developers: Mahindra Lifespace Developers has begun construction on the Mahindra Citadel Phase 1 residential development in Pimpri Chinchwad, Pune.
UltraTech Cement: At a total expenditure of Rs 187 crore, UltraTech Cement has started operating its third Birla White Wall Care Putty factory in Rajasthan, with a 4 LMT annual capacity. Its current Wall Care Putty capacity is 13 LMT annually.
CSB Bank: The Reserve Bank of India has given the bank permission to name Bhama Krishnamurthy as the bank’s part-time chairperson, effective as of November 17. Between 17 November 2022 and September 28, 2024, she will serve as the bank’s part-time chairperson.