NEW DELHI Here is a list of the top ten stocks that may be in the news on Friday:
Kotak Mahindra Bank: The Reserve Bank of India has restricted Kotak Mahindra Bank from paying dividends on Non-Cumulative Perpetual Preferred Stock (PNCPS) in accordance with its Dec.4 circular calling on banks and certain categories of Non-Bank Finance Companies (NBFC) that do not generate dividends, payment of capital shares of the profits corresponding to the fiscal year ended on March 31, 2020.
Tata Group: The Tatas in the Supreme Court objected as “nonsense” to the Shapoorji Pallonji Group’s proposal that its 18.37% stake in Tata Sons, which it claims is worth ₹Rs 1.75 million lakh will be exchanged with the shares of the listed companies of the Tata group.
TVS Group: The president of TVS Motor Company and MD Venu Srinivasan said Thursday that members of the TVS family agreed to sign the terms of a family memorandum of arrangement to align and synchronize ownership of shares in various group companies. Listed group companies include TVS Motor Co. Ltd, Sundaram-Clayton Ltd, Sundaram Fasteners Ltd, TVS Electronics Ltd and TVS Srichakra Ltd.
TCS: Tata Consultancy Services (TCS) plans to invest more than $ 100 million in Austin and hire 1,000 new employees in Texas. TCS has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city and adding its more than 5,500 employees statewide, TCS said in a statement.
Mutual financing: The non-bank lender said Thursday that it will increase to ₹Rs 1 billion through public bond issuance to finance the growth of your business. In its 24th series of public issues of non-convertible refundable secured bonds, Muthoot Finance will issue bonds with a face value of ₹1000 each with a base size of ₹Rs 100 million with an option to withhold oversubscription up to ₹900 crore adding up to the stretch limit of ₹1 billion rupees, it said in a statement.
Coal India: State-owned Coal India Ltd (CIL) has registered 77% growth in electronic auction sales, across five windows, to 68.3 million tonnes (MT) during the April-November period of the current fiscal year. The increase in the reserved or allocated quantity of coal was close to 30 MT, in absolute terms, compared to the 38.6 MT recorded during the same period a year ago, CIL said in a statement.
lrcon international: The company has been awarded the NH-352W Gurgaon-Pataudi-Rewari section upgrade work (46,110 km design length) as a feed route in Haryana in the hybrid annuity mode valuation ₹Rs 900 million in competitive tender by the National Highway Authority of India.
COI: Indian Oil Corporation Ltd (IOC), the nation’s largest fuel retailer, said its refineries are operating at 100% capacity. “Crude oil production from IndianOil refineries increased to 100% in November 2020, as consumption of all petroleum products nearly reached before Covid. In October 2020 this figure was 88%, and last year for the same period it was 99%, “the country’s largest refinery said in a statement.
United Spirits: United Spirits Ltd (USL), part of global spirits giant Diageo, has appointed Hina Nagarajan as the new CEO of the company effective July 1, 2021. incumbent Anand Kripalu will step down on June 30.
Centum Electronics: The board of directors of Centum Electronics Ltd approved the proposed additional investment in Centum Adetel Group (CAG) SA. With the proposed investment, the company’s stake in CAG will increase from 59.77% to 64.66%.