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CNBC-TV18's top stocks to watch out for on December 11

Updated : December 11, 2019 07:53 AM IST

Indian markets are likely to open steady on Wednesday as investors await US Federal Reserve’s interest rate decision. At 7 am, the SGX Nifty was trading 11.50 points or 0.10 percent higher at 11,918.50, indicating a positive start for the Sensex and Nifty50.

Bharti Airtel: Private equity players, including Warburg Pincus and Carlyle, have expressed interest in investing in the company, CNBC-TV18 reported, citing people aware of the development. Bharti Airtel’s board last week cleared fundraising of up to $3 billion via debt-equity. Sources told CNBC-TV18 that Singapore Telecommunications (SingTel), which currently holds 35 percent in Bharti Airtel, directly and indirectly, is exploring investing anywhere between $700 million to $1 billion in the telecom major.
Bharti Airtel: Private equity players, including Warburg Pincus and Carlyle, have expressed interest in investing in the company, CNBC-TV18 reported, citing people aware of the development. Bharti Airtel’s board last week cleared fundraising of up to $3 billion via debt-equity. Sources told CNBC-TV18 that Singapore Telecommunications (SingTel), which currently holds 35 percent in Bharti Airtel, directly and indirectly, is exploring investing anywhere between $700 million to $1 billion in the telecom major.
YES Bank: The private sector lender said that its board is favourably considering Citax Holdings and Citax Investment Group's $500 million offer. The $1.2 billion binding offer of Erwin Singh Braich/SPGP Holdings continues to be under the board's consideration, the bank added.
YES Bank: The private sector lender said that its board is favourably considering Citax Holdings and Citax Investment Group's $500 million offer. The $1.2 billion binding offer of Erwin Singh Braich/SPGP Holdings continues to be under the board's consideration, the bank added.
Wipro Ltd: The company signed MoU with Ministry of Technology and Communications, Oman to launch a Center of Excellence (CoE) for open source. Under the MoU, Wipro and MTC will collaborate to build, deploy and sustain the CoE as well as accelerate adoption of open source technologies in the public and private sectors of Oman and the Gulf Cooperation Council (GCC) region. (Image: Reuters)
Wipro Ltd: The company signed MoU with Ministry of Technology and Communications, Oman to launch a Center of Excellence (CoE) for open source. Under the MoU, Wipro and MTC will collaborate to build, deploy and sustain the CoE as well as accelerate adoption of open source technologies in the public and private sectors of Oman and the Gulf Cooperation Council (GCC) region. (Image: Reuters)
Reliance Industries Ltd: The oil-to-telecom major signed agreement with The Abu Dhabi National Oil Company (ADNOC) to explore development of Ethylene Dichloride facility in Ruwais, Abu Dhabi. Under the terms of the agreement, ADNOC and RIL will evaluate the potential creation of a facility that manufactures EDC adjacent to ADNOC’s integrated refining and petrochemical site in Ruwais and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals. ( Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.)
Reliance Industries Ltd: The oil-to-telecom major signed agreement with The Abu Dhabi National Oil Company (ADNOC) to explore development of Ethylene Dichloride facility in Ruwais, Abu Dhabi. Under the terms of the agreement, ADNOC and RIL will evaluate the potential creation of a facility that manufactures EDC adjacent to ADNOC’s integrated refining and petrochemical site in Ruwais and strengthen the companies’ existing relationship supporting future collaboration in petrochemicals. (Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.)
Future Supply Chain Solutions Ltd: The Competition Commission of India has approved Nippon Express' acquisition of 22 percent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. According to the transaction, Future Supply Chain will issue 3,789,350 shares to Nippon Express at a price of Rs 664 per share.
Future Supply Chain Solutions Ltd: The Competition Commission of India has approved Nippon Express' acquisition of 22 percent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. According to the transaction, Future Supply Chain will issue 3,789,350 shares to Nippon Express at a price of Rs 664 per share.
BEML: The state-run construction and mining equipment manufacturing company launched and showcased a new hydraulic excavator model “BE210LC” at EXCON Exhibition 2019 in Bengaluru.
BEML: The state-run construction and mining equipment manufacturing company launched and showcased a new hydraulic excavator model “BE210LC” at EXCON Exhibition 2019 in Bengaluru.
IDBI Bank: The bank’s board approved selling 49 percent stake in its subsidiaries namely IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Ltd (IIL) to the prospective investors. (Stock image)
IDBI Bank: The bank’s board approved selling 49 percent stake in its subsidiaries namely IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Ltd (IIL) to the prospective investors. (Stock image)
PC Jeweller: CARE Ratings has downgraded the Medium Term Instrument - Fixed Deposit Programme of the company to CARE D (FD). The revision in rating factors in stressed liquidity position and deterioration in the financial flexibility of the company which has led to instances of devolvement of Letter of Credits (LC) and overutilisation in its working capital limits for more than 30 days. (Image: Reuters)
PC Jeweller: CARE Ratings has downgraded the Medium Term Instrument - Fixed Deposit Programme of the company to CARE D (FD). The revision in rating factors in stressed liquidity position and deterioration in the financial flexibility of the company which has led to instances of devolvement of Letter of Credits (LC) and overutilisation in its working capital limits for more than 30 days. (Image: Reuters)
Mahindra CIE Automotive: The company has appointed Anil Haridass as executive director.
Mahindra CIE Automotive: The company has appointed Anil Haridass as executive director.
Piramal Enterprises: Competition Commission of India approved the subscription of compulsorily convertible debentures of the company by Canadian pension fund CDPQ.
Piramal Enterprises: Competition Commission of India approved the subscription of compulsorily convertible debentures of the company by Canadian pension fund CDPQ.
GHCL: India Ratings & Research has affirmed
GHCL: India Ratings & Research has affirmed "IND A1+" to GHCL for issuance of commercial paper of Rs 1,000 million.
Published : December 11, 2019 07:42 AM IST
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