The Indian market is likely to open higher Tuesday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 68.50 points or 0.47 percent higher at the 14743.50 level on the Singaporean Exchange at 8:00 am.
Here are the top 10 buzzing stocks for today:
1. Reliance Industries: The company expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year.
2. Bharti Airtel: The company will meet global fixed income investors on or after Feb 23, 2021, to take the decision on the issuance of foreign currency bonds/notes.
3. Vedanta: GR Arun Kumar resigned as a whole-time director and chief financial officer of the company.
4, Bharat Forge: The company has signed an agreement with Paramount Group for the production of protected vehicles in India.
5. Info Edge (India): Zomato has raised USD 250 million from five different investors. The transactions valued Zomato at a post-money valuation of USD 5.4 billion. On a fully converted and diluted basis, Info Edge’s effective stake in Zomato stands at 18.4 percent.
6. Indiabulls Housing Finance: The company has set the floor price at Rs 227.09 per bond for convertible bond issue. It will raise up to $200 million via convertible bonds.
7. Future Retail: The company said that the National Company Law Tribunal (NCLT) can issue directions to convene meetings of shareholders and creditors of applicant companies, including it, to consider the Rs 24,713-crore deal with Reliance Retail following an order by the Supreme Court.
8. Tata Communications: The Competition Commission of India (CCI) has approved the acquisition of shares of the company by Panatone Finvest Ltd. The proposed deal envisages the acquisition of shareholding not exceeding 26.12 percent by Panatone Finvest Ltd in Tata Communications.
9. APL Apollo Tubes: The company allotted commercial paper worth Rs 75 crore to ICICI Prudential Ultra Short Term Fund.
10. Urja Global: The company approved the allotment of 5 crore partly paid-up rights equity shares at a price of Rs 5 per rights equity share.(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)