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CNBCTV18's top stocks to watch out for on October 3

Updated : October 03, 2019 08:30 AM IST

Indian shares are expected to open little changed on Thursday amid escalating US-EU trade tensions and geopolitical tensions in Korean peninsula. Investors are also cautious ahead of the Reserve Bank of India’s monetary policy decision tomorrow. Equities in Asian and the US slumped after the United States announced a proposal to impose tariffs on $7.5 billion of goods from the European Union. At 7.15 AM, the SGX Nifty futures traded 15.5 points, or 0.14 percent, lower at 11,340, indicating a muted start for the Sensex and the Nifty 50.

Yes Bank: The bank said its financial and operating metrics remain intrinsically sound and stable with liquidity position well in excess of regulatory requirements. The bank said the fall in stock prices was primarily on account of the forced sale of 10 crores shares triggered by an invocation of pledge on the shares of a large stakeholder. Yes Bank promoter group companies Yes Capital and Morgan Credits said they sold shares to repay NCDs of YCPL fully and over 61 percent of MCPL .
Yes Bank: The bank said its financial and operating metrics remain intrinsically sound and stable with liquidity position well in excess of regulatory requirements. The bank said the fall in stock prices was primarily on account of the forced sale of 10 crores shares triggered by an invocation of pledge on the shares of a large stakeholder. Yes Bank promoter group companies Yes Capital and Morgan Credits said they sold shares to repay NCDs of YCPL fully and over 61 percent of MCPL .
IndiGo: IndiGo promoters -- InterGlobe Enterprises and Rahul Bhatia – have sought arbitration proceedings in London against the backdrop of differences with co-promoter Rakesh Gangwal. InterGlobe Aviation said the two entities have submitted a request for arbitration on October 1 to the London Court of International Arbitration.
IndiGo: IndiGo promoters -- InterGlobe Enterprises and Rahul Bhatia – have sought arbitration proceedings in London against the backdrop of differences with co-promoter Rakesh Gangwal. InterGlobe Aviation said the two entities have submitted a request for arbitration on October 1 to the London Court of International Arbitration.
Shriram Transport Finance: Irdai has slapped a fine of Rs 15 lakh on Shriram Transport Finance Company for selling insurance policies in violation of norms. The matter pertains to selling of 983 policies by a specified person (SP) of the company between April 14, 2015, to March 28, 2017, even as the said person was relieved from employment on April 13, 2015.
Shriram Transport Finance: Irdai has slapped a fine of Rs 15 lakh on Shriram Transport Finance Company for selling insurance policies in violation of norms. The matter pertains to selling of 983 policies by a specified person (SP) of the company between April 14, 2015, to March 28, 2017, even as the said person was relieved from employment on April 13, 2015.
Tata Motors: Tata Motors reported a 48 percent decline in total sales at 36,376 units in September. Total domestic sales were down 50 percent at 32,376 units. Passenger vehicle sales in the domestic market during the month stood at 8,097 units as against 18,429 units in September last year, a decline of 56 percent. (Image: Reuters)
Tata Motors: Tata Motors reported a 48 percent decline in total sales at 36,376 units in September. Total domestic sales were down 50 percent at 32,376 units. Passenger vehicle sales in the domestic market during the month stood at 8,097 units as against 18,429 units in September last year, a decline of 56 percent. (Image: Reuters)
M&M: Mahindra and Ford Motor on Tuesday joined hands again for the second time in about 16 years with a 51:49 joint venture, creating the third-largest car/passenger vehicle maker with 14 percent of the domestic car market. The partners expect to close begin working together by the middle of 2020 (stock image)
M&M: Mahindra and Ford Motor on Tuesday joined hands again for the second time in about 16 years with a 51:49 joint venture, creating the third-largest car/passenger vehicle maker with 14 percent of the domestic car market. The partners expect to close begin working together by the middle of 2020 (stock image)
Foods and Inns: Pulp and frozen snacks manufacturer said it has acquired Kusum Spices for Rs 13.99 crore. Under the transaction, Foods & Inns will enter into partnership with a share of 99.99 percent with Kusum Spices, which is in the branded spice business under 'Kusum Masala' brand. The company will fund the acquisition through internal accruals.
Foods and Inns: Pulp and frozen snacks manufacturer said it has acquired Kusum Spices for Rs 13.99 crore. Under the transaction, Foods & Inns will enter into partnership with a share of 99.99 percent with Kusum Spices, which is in the branded spice business under 'Kusum Masala' brand. The company will fund the acquisition through internal accruals.
Religare Enterprises: The firm is selling its entire stake in NBFC arm Religare Finvest Ltd (RFL) to TCG Advisory Services for around Rs 330 crore. Religare Enterprises said that a share purchase agreement has been signed with TCG for selling stake in RFL.
Religare Enterprises: The firm is selling its entire stake in NBFC arm Religare Finvest Ltd (RFL) to TCG Advisory Services for around Rs 330 crore. Religare Enterprises said that a share purchase agreement has been signed with TCG for selling stake in RFL.
Lakshmi Vilas Bank: LVB said its independent director Supriya Prakash Sen has resigned from its board on personal grounds. The resignation has come days after RBI initiated prompt corrective action against the private sector lender on September 28.
Lakshmi Vilas Bank: LVB said its independent director Supriya Prakash Sen has resigned from its board on personal grounds. The resignation has come days after RBI initiated prompt corrective action against the private sector lender on September 28. "However, as discussed, there has been some recent shift in my personal priorities and therefore I regret that I cannot accept your kind offer, due to personal reasons," Sen added.
Infosys: The IT major announced a new strategic program, Innov8, to accelerate enterprise digital transformation journeys using digital solutions of IT firm SAP. As part of the program, Infosys and SAP are in talks to create a joint go-to-market engagement model between SAP's project Embrace and Infosys' Innov8 program to provide digital solutions to enterprises. (Image: Reuters)
Infosys: The IT major announced a new strategic program, Innov8, to accelerate enterprise digital transformation journeys using digital solutions of IT firm SAP. As part of the program, Infosys and SAP are in talks to create a joint go-to-market engagement model between SAP's project Embrace and Infosys' Innov8 program to provide digital solutions to enterprises. (Image: Reuters)
Published : October 03, 2019 08:00 AM IST
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