Home Business Business Stocks in the news: RIL, Voda Idea, Bharti Airtel, SBI, Care...

Business Stocks in the news: RIL, Voda Idea, Bharti Airtel, SBI, Care Ratings, IOC and Tata group stocks

Business Nifty futures on the Singapore Exchange traded flat at 11,160, in signs that Dalal Street was headed for a muted start on Wednesday. Here are a few stocks which may buzz the most in today’s trade:
Reliance Industries (RIL): RIL on Wednesday said that private equity player KKR will invest Rs 5,550 crore into Reliance Retail Ventures (RRVL), a subsidiary. KKR investment will translate into a 1.28 per cent equity stake in RRVL on a fully diluted basis, the company said.
Vodafone Idea, Bharti Airtel: Telecom majors Vodafone Idea and Bharti Airtel will be in focus as rival Jio unveiled the new post-paid tariff plans.
State Bank of India: State Bank of India is planning to monetise its flagship digital banking platform YONO by allowing smaller lenders such as small finance banks and regional rural banks to use it, chairman Rajnish Kumar said.
Tata Group stocks: Shapoorji Pallonji (SP) Group said on Tuesday it is time to separate from Tata Group, and added it was crucial that an early resolution is reached to arrive at a fair and equitable solution, reflecting the value of the underlying tangible and intangible assets.
MCX: The country’s largest commodities exchange MCX on Tuesday announced formal launch of its base metal futures indices from October 19. To be called MCX iComdex base metals index futures, the new indices will start trading from October 19, the bourse said in a statement.

PFC: State-owned non-banking finance firm Power Finance Corporation (PFC) on Tuesday dismissed speculations about the launch of follow on public offer (FPO) to raise funds in near future.
HCC: Infrastructure firm HCC Group on Tuesday said it has completed sale of Farakka-Raiganj Highways Ltd (FRHL) to Cube Highways and Infrastructure II Pte, at an enterprise value of Rs 1,508 crore.
HDFC Life: The insurance company said it has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s customers. HDFC Life and Yes Bank Limited entered into a corporate agency (CA) arrangement, it said in a release.
InterGlobe Aviation: Budget carrier IndiGo operated its maiden cargo flight to Chittagong in Bangladesh, carrying medical supplies and other general commodities, a release said on Tuesday. The cargo flight to Chittagong was operated on Monday using the airline’s Airbus A320 passenger aircraft, it said.
Max Financial Services: Max Ventures Investment Holdings sold 20,80,000 shares of Max Financial Services at Rs 600.07 per share. It held 28.15 per cent stake in the company at the end of June.
Indian Oil Corp: Indian Oil Corporation (IOC), the nation’s top oil firm, on Tuesday said it will invest Rs 17,825 crore in raising the capacity of its Gujarat refinery as well as setting up a petrochemical plant at the unit as part of plans for upscaling petrochemical business to protect margins
Care Ratings, Icra: Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies Icra and Care in connection with lapses on their parts while assigning credit rating to non-convertible debentures of IL&FS. The crisis at diversified IL&FS, whose board was superseded by the government, came to light in September 2018 and since then, the company as well as related entities have come under the regulatory lens.
Power Finance Corp: State-owned non-banking finance firm Power Finance Corporation (PFC) on Tuesday dismissed speculations about the launch of follow on public offer (FPO) to raise funds in near future.
Hindustan Zinc: Vedanta Group firm Hindustan Zinc on Tuesday said its board-constituted panel has approved raising up to Rs 4,000 crore through debentures.
Blue Dart: Logistics services provider Blue Dart on Tuesday announced a 9.6 per cent hike in its average shipment price from January next year to offset higher costs.
Repco Home Finance: Fidelity Funds Asian Smaller Companies Pool bought 4,20,288 shares of Repco Home Finance at Rs 150.33 per share. The fund already held 1.52 per cent stake in the company.
Bajaj Electricals: Promoter Baroda Industries bought 3,24,000 shares of Bajaj Electricals from co-promoter Kiran Shekharkumar Bajaj at Rs 462.90 per share. The two held 0.86 per cent and 5.20 per cent stake in the company at the end of June.
CreditAccess Grameen: The company will detail its financial results for four months ended July 31

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