The Indian market is likely to open on a tepid note Tuesday following a mixed trend in global peers. At 8:00 am, the SGX Nifty was trading 42.50 points or 0.31 percent lower at 13,549.00, indicating a negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Telecom companies: Reliance Jio Infocom has written to TRAI accusing Bharti Airtel and Vodafone Idea of resorting to unethical ways to spread rumours that Reliance stands to gain from the new farm bills. Airtel has ‘empathically’ denied the charges saying that the complaint should be thrown out with contempt while VI said that the allegations were baseless and to malign its reputation. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
2. TCS: Star Alliance has expanded its strategic partnership with TCS to deliver enhanced customer experiences.
3. Kotak Mahindra Bank: RBI has approved the re-appointment of Uday Kotak as MD & CEO of the bank for 3 years w.e.f January 1, 2021. RBI has also approved the re-appointment of Prakash Apte as part-time Chairman and Dipak Gupta as Joint MD of the bank for 3 years.
4. BPCL: The evaluation committee on the BPCL strategic stake sale will meet today to evaluate the 3 expressions of interest (EoI) received from Vedanta, Apollo Global, and Think Gas.
5. NMDC: The company’s share buyback will open on December 17 and close on December 31.
6. DHFL: US-based Oaktree Capital Management has outbid rivals Piramal and Adani Group to emerge as the highest bidder for DHFL, sources said. Oaktree Capital has bid Rs 32,646 crore for DHFL.
7. Burger King India: Basant Maheshwari Wealth Advisers LLP has purchased 24.31 lakh equity shares of the company at a price of Rs 112.79 per share. Valiant Mauritius Partners has bought 25 lakh shares at a price of 130 per share.
8. Bank of Maharashtra: The bank has successfully raised capital of Rs 200.70 crore through a private placement of BASEL III- compliant Tier II bonds.
9. Siemens: The company will provide advanced marine solutions for 23 electric boats of Cochin Shipyard. Cochin Shipyard is building these boats to strengthen Kochi Metro Rail’s last mile connectivity for islands around Kochi.
10. Indian Bank
: The lender has raised Rs 560 crore by issuing Basel III compliant bonds on a private placement basis.