• NSE continues to list Gujarat Narmada Valley Fertilizers & Chemicals and Indiabulls Housing Finance shares in the list of restricted securities under the F&O segment for Friday trade as they have crossed 95% of the market-wide position limit.
Here is the list of top 10 stocks that will be in focus today:
One97 Communications: Digital financial services firm One97 Communications, which operates under the Paytm brand, on Thursday informed that its board of directors will meet next week on December 13, 2022, to consider a proposal for buyback of equity shares of the company. . As per the company's last earnings report, the company has liquidity of ₹9,182 crore. Liquidity of a firm is measured by its ability to convert assets into cash.
Hindustan Unilever: Consumer packaged goods maker Hindustan Unilever Ltd on Thursday entered the domestic market for health and wellness products by buying stakes in two digital-first health and wellness companies, which are expected to reach ₹30,000 crore over the next five years. hopefully. The company bought stake in Zywie Ventures Pvt. Ltd, maker of the OZiva brand of lifestyle protein products, hair and beauty supplements; and NutritionLab Pvt. Ltd. which sells products under the Wellbeing Nutrition brand.
Yes Bank/Zee Learn: Yes Bank has moved the National Company Law Tribunal (NCLT) to initiate a Corporate Insolvency Resolution Process (CIRP) against Digital Ventures Pvt Ltd. Ltd. is a wholly owned subsidiary of Zee Learn Ltd. The private lender has filed the petition under Section 7 of the Insolvency and Bankruptcy Code, which allows a financial creditor to file an application to initiate the process. NCLT issues notice to Digital Ventures.
PTC India: Controversy-hit PTC India on Thursday denied allegations of misgovernance and non-compliance leveled by its outgoing independent directors. In a clarification filed with the exchanges, the state-run company has said that none of the board members have raised any issue in the last six months and only mentioned them in resignation letters. Regarding non-implementation of the recommendations of the Risk Management Committee, the company said that the suggested corrective steps have already been taken.
Sun Pharmaceutical: Sun Pharma has issued a clarification note stating that it will not revise its revenue guidance for the current fiscal following the import alert for the Halol facility. It states that there will be no impact on the special revenue. The company said US supplies from Halol contributed about 3% of the consolidated revenue which includes sale of discounted products. USFDA has excluded 14 products from this import alert with certain conditions.
IndusInd Bank: Non-banking finance company SV Creditline and private sector lender IndusInd Bank have signed a co-lending collaboration for loans worth ₹500 crore targeted for women borrowers. SV Credit Line said in a statement that the agreement will help rural women access affordable credit, which they can use for a wide range of economic activities such as agriculture, animal husbandry, trade and local manufacturing.
Hinduja Global Solutions: Business process management firm Hinduja Global Solutions (HGS) on Thursday said it will acquire 100% stake in Techlink International for $58.8 million (around ₹483 crore). HGS also said it has signed a non-binding letter of intent (LOI) to acquire UKNova, a digital human resources management system (HRMS) product business from Convergence IT Services.
Lupine: Pharmaceuticals firm Lupine Ltd on Thursday said it has appointed Spiro Gavaris as president of its US generics business. Spiro, who most recently served as president of the specialty generics business at Mallinckrodt Pharmaceuticals and president of US injectables at Hikma, will be responsible for the overall strategy, implementation and development of Lupine's US generics business, the company said in a regulatory filing. said in .
Kalpataru Power Transmission: Kalpataru Power Transmission Ltd (KPTL) on Thursday said its board has approved a proposal to raise ₹99 crore by issuing non-convertible debentures (NCDs). KPTL said in a regulatory filing that a total of 990 NCDs of face value of Rs 10 lakh each will be issued under the fund raising scheme. The Election Commission approved this decision in its meeting held on Thursday.
Ashok Leyland: Hinduja Group chief Ashok Leyland on Thursday said it has appointed Shenu Agarwal as MD and CEO of the company with immediate effect. Agarwal will drive technology development, growth and future strategy for the company to be among the top ten commercial vehicle players globally, the Chennai-based commercial vehicle maker said in a statement. He joins the company from Escorts Kubota, where he was named as the President.
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