Top 10 Stocks to watch Today Tata Motors: The company announc | ACEink Official
Top 10 Stocks to watch Today
Tata Motors: The company announced on March 13 that it has entered into a memorandum of understanding (MoU) with the Tamil Nadu government to establish a vehicle manufacturing facility in the state. The company, in a regulatory filing, said that the MoU anticipates an investment of approximately ₹9,000 crore over the coming five years.
Vedanta: The company announced on Wednesday that it plans to challenge the order from Sebi, which requires them to pay a penalty of ₹77.6 crore to Cairn UK Holdings Ltd, a Scottish exploration company, for a delay in dividend payments to a former shareholder, as reported by PTI news agency. Vedanta stated that Cairn UK Holdings Ltd had relinquished its right to demand interest when it resolved a retrospective tax claim with the government.
Reliance Industries: The company has consented to acquire the entire 13.01% stake in Viacom18 Media from Paramount Global. The deal, valued at approximately $517 million ( ₹42.86 billion), was disclosed in US regulatory filings. Viacom18, primarily owned by RIL, boasts a portfolio of 40 television channels, including Comedy Central, Nickelodeon, and MTV.
Federal Bank, South Indian Bank: On March 13, two banks, Federal Bank and South Indian Bank, declared actions concerning their co-branded credit cards. This decision was based on the regulatory guidance they received from the RBI on March 12, as mentioned in their exchange filings. Federal Bank announced that it has ceased the issuance of new co-branded credit cards.
IIFL Finance: The company announced on Wednesday that its board has given the green light to raise up to ₹1,500 crore through a rights issue, despite the RBI prohibiting the NBFC from approving or disbursing gold loans. In a regulatory filing, IIFL Finance stated that the board has sanctioned fundraising not exceeding ₹1,500 crore by issuing shares on a rights basis to its current eligible shareholders as of the record date, which will be determined in due course, in line with relevant regulations.
Cholamandalam Investment and Finance Company, DLF: Cholamandalam has acquired a 4.67-acre property in Chennai from DLF for ₹735 crore. In a regulatory announcement on Wednesday, Cholamandalam said that it had completed the purchase of the immovable property from DLF IT Offices Chennai Private Limited, located in Guindy, Chennai, by executing and registering a sale deed.
Paytm: One 97 Communications, Paytm's parent company, is set to release more employees from various departments as part of its yearly performance evaluation, at least four people knowledgeable about the situation told Moneycontrol. This decision coincides with a period when Paytm's payment bank is facing criticism from the RBI due to shortcomings in their due diligence process.
Vodafone Idea: The telecommunications company has chosen not to renew the fractional spectrum in the 900MHz and 1800MHz bands in certain areas due to incompatibility with its most recent network technology. A spokesperson from Vi said that the company has decided to extend the necessary spectrum in both Uttar Pradesh (West) and West Bengal circles, while only releasing the fractional spectrum that is not compatible with the new technology and hence, not currently needed.
Shriram Properties: On Wednesday, Shriram Properties announced the launch of a new residential project named 'Codename Ultimate,' which has a potential revenue of ₹350 crore. Located near Electronic City in Bengaluru, the project is inspired by Balinese architecture and features 414 units spread across six towers.
Indian Hume Pipe Co.: On Wednesday, March 14, a joint venture involving Indian Hume Pipe Co. was granted the 'Water Supply Projects and Sewerage Projects under AMRUT 2.0' by the Government of Telangana, valued at ₹1,137.77 crore.
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