Indian shares are expected to open lower on Wednesday in line with global markets and amid growing concerns of slowing economic activities in India. Shares in Asian and US markets declined due to lack of progress in the US-China trade negotiations. Investors are also cautious ahead of retail inflation data due today, which is expected to surpass the RBI’s target. Here are the top stocks to watch out for:
Lupin’s board approves divestment of its entire equity stake in Japanese subsidiary Kyowa Pharma to Unis Capital Partners’ entity Plutus at an enterprise value of about Rs 3,702.4 crore.
Yes Bank: Sunil Munjal, chairman of Hero Corporate Services, and Hemendra Kothari, founder of DSP Group, are interested in buying stakes in the bank, reports Mint.
Hindalco Industries’ Q2 consolidated net profit declines 33 percent to Rs 974 crore on the back of lower commodity prices and global slowdown.
Cochin Shipyard reports a 40.3 percent rise in its consolidated net profit to Rs 206.33 crore
Britannia Industries’ Q2 net profit rises 32.9 percent to Rs 402.73 crore
Bharti Airtel, Bharti Infratel and private equity firm Varde Partners submit bids for assets of debt-laden Reliance Communications.
OPAL, a JV between ONGC, Gujarat State Petroleum Corporation and Gail at the Dahej SEZ, is working towards getting the domestic tariff area (DTA) access to gain from the lower tax regime now.
Indian Oil Chairman Sanjiv Singh said IOCL is in talks with oil major Rosneft to explore possibility of importing Russian oil.
Tata Power subsidiary Tata Power Renewable Energy receives a contract from Gujarat Urja Vikas Nigam to develop a 50 MW solar project in Dholera Solar Park in Gujarat.
Avanti Feeds: Income Tax authorities search premises of Avanti Feeds and subsidiary Avanti Frozen Foods.
Info Edge reports a wider net loss of Rs 111.8 crore in Q2FY20 as against a loss of Rs 40.7 crore in the year-ago period
Rating agency CRISIL posts a 16.77 percent rise in net profit at Rs 105.1 crore in September quarter.