Stocks to watch: Banks, NBFCs, Bharti Airtel, CG Power, RIL, SREI Infra

At 08:42 pm, the Singapore Exchange (SGX) Nifty futures traded up 124 points or 0.97 percent to trade at 12,978.20, indicating a positive start for the Indian market on Monday.

Here is a list of stocks that can remain in focus today.

Bank, NBFC The Reserve Bank of India’s Internal Working Group (IWG), which reviewed the corporate structure of private sector banks, suggested in its report released on Friday that bank ownership, including allowing large corporate and industrial houses, to broaden their banks A change has been suggested. By amending the Banking Regulation Act, 1949. Read more

Telecom Stock: Telecom tariff hikes are needed as the current rates are “volatile” and market conditions will be seen before the call is made, Sunil Mittal, president of Telecom Caesar and Bharti Airtel, has said.

Bharti Airtel On Friday, it said it would acquire a 5.2 per cent stake in solar power company Avaada MHBuldhana in an all cash deal for Rs 4.55 crore. It is a subsidiary of Avada Energy Private Limited (AEPL).

PfizerThe Telegraph news site reported on Sunday that the UK could give regulatory approval to Pfizer-BioNTech’s COVID-19 vaccine this week, before the United States authorizes it.

CG strength: The lenders of CG-Power and Industrial Solutions have agreed to take over the scam-making company for one-time loan restructuring for the Chennai-based Murugappa Group. CG Power had a total debt of Rs 2,161 crore, out of which a consortium of 14 banks took a haircut of Rs 1,100 crore and restructured the rest.

Commercial vehicle major Ashok leyland On Friday announced the Voluntary Retirement Scheme (VRS) for permanent employees in its offices and factories. This is the second time the company has announced VRS in the last two years.

Shree Infra: The Reserve Bank of India (RBI) is conducting a special audit of Kolkata-based lender Srei Infrastructure Finance and its subsidiary Srei Equipment Finance. In a notification to the exchanges, the lender said, RBI has appointed an auditor to conduct a special audit to exercise its powers under Section 45 MA (3) of the RBI Act, 1934.

Mishra Dhatu NigamAn official said that as per reports, the government plans to sell up to 10 percent stake in Defense PSU Mishra Dhatu Nigam Limited (MIDHANI) in the current financial year ending in March.

RIL, Future Group shares: The Competition Commission of India (CCI) on Friday approved Reliance Industries (RIL) to buy Future Group’s retail, wholesale and logistics assets.

IRCTC: It has appointed Crawford Belle & Co. as legal advisor for disinvestment of paid equity capital of IRCTC through Offer for Sale (OFS).

IIFL Securities: The board of IIFL Securities approved the buyback of shares of the company in its meeting held on 20 November 2020, which does not exceed Rs 54 per share for a total cash consideration of Rs 90 crore.

Infosys: Infosys and ATP announced the renewal of their highly successful partnership for the next three years.

South Indian Bank To hold 6.67 percent stake in IBBIC through acquisition of every Rs 10 face value of Rs 50,000.

JSPL: The company registered a 13% increase (YoY) in standalone steel production with 585,000 MT in October 2020 as compared to 518,000 MT in the previous year during the same period.

Dear reader,

Business Standard has always worked hard to provide information and commentary on events that are of interest to you and have broad political and economic implications for the country and the world. Your encouragement and continued feedback on improving our offering has only strengthened our resolve and commitment to these ideals. Even during these difficult times arising from Kovid-19, we are committed to keeping you informed and updated with relevant news, official views and critical commentary on topical issues of relevance.
However, we have a request.

As we fight the economic impact of the epidemic, we need your support even more, so that we continue to provide you with more quality content. Our subscription model has seen enthusiastic response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of offering you better and more relevant content. We believe in free, fair and reliable journalism. Your support through greater membership can help us practice the journalism to which we are committed.

Support quality journalism and Subscribe to Business Standard.

Digital editor

About Tips Clear

Tips Clear is a seasoned writer and digital marketing expert with over a decade of experience in creating high-quality, engaging content for a diverse audience. He specializes in blogging, SEO, and digital marketing strategies, and has a deep understanding of the latest trends and technologies. Tips Clear's work has been featured on various prominent platforms, and he is committed to providing valuable insights and practical tips to help readers navigate the digital landscape.