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    RCom, Apollo Tyres, Shriram Transport and IL&FS group stocks likely to hog limelight today

    Synopsis

    Here's a look at the top stocks that may hog the limelight in today's session.

    Buy-Sell-ThinksThinkStock Photos
    Here's a look at the top stocks that may hog the limelight in today's session.
    NEW DELHI: Nifty futures on the Singapore Exchange were trading 106 points, or 0.97 per cent, lower at 10,777, indicating a gap-down start for the Nifty50. Here's a look at the top stocks that may hog the limelight in today's session:

    RCom: The telecom tribunal has allowed Reliance Communications (RCom) to sell its spectrum to Reliance Jio Infocomm, with some riders, in a big relief for the Anil Ambani-owned company that plans to use the proceeds of Rs 975 crore to settle some ongoing disputes.

    Larsen & Toubro: ONGC said it has awarded a mega Rs 11,740 crore contract to a consortium of BHGE, McDermott and L&T hydrocarbon for development of deepwater block KG-DWN-98/2 off the East coast.

    HDFC: The housig lender earned Rs 787 crore from stake sale in mutual fund arm HDFC AMC.

    Siemens: The consortium of Tata Group firm TRIL Urban Transport and Siemens Financial Services arm Siemens Project Ventures GmbH has bagged a contract to develop a Metro Line in Pune.

    Shriram Transport Finance: The NBFC is off the hook for providing a corporate guarantee on Rs 650 crore worth of non-convertible debentures to Shriram Ventures, which analysts expected the company will have to provide for eventually.

    Apollo Tyres: The board of Apollo Tyres will be approaching shareholders for a fresh approval of MD Neeraj Kanwar's compensation, an issue that had irked a section of the investors at the company’s last AGM and led them to vote against his reappointment.

    Tata Communications: The company will acquire Teleena, a Netherlands-based company that specialises in Internet of Things (IoT) and is a mobile virtual network enabler (MVNE). The buy will boost the telecom and digital infrastructure provider’s growth plans in the global mobility and IoT market.

    Aditya Birla Capital: International Finance Corporation, a World Bank group member, Wednesday extended a seven-year long-term loan of Rs 1,000 crore to Aditya Birla Finance (ABFL). ABFL, the NBFC arm of Aditya Birla Capital, would use the proceeds to finance renewable energy projects.

    Zee Entertainment Enterprises: The company has become the first Indian entertainment company to take its over-the-top (OTT) video service, ZEE5, to over 190 countries. So far, only international players such as Netflix and Amazon Prime Video have a global presence of this scale.

    Maruti Suzuki: Country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said it is recalling 640 units of its light commercial vehicle Super Carry sold in the domestic market to inspect and fix a possible defect in the fuel pump supply.

    M&M: The $20-billion Mahindra Group on Wednesday premiered high-performance bikes under the Peugeot Motorcycles badge at the Paris Motor Show, signalling the revival of the iconic two-wheelers that were discontinued by the PSA Group 70 years ago.

    IL&FS Group stocks: The newly-constituted board of Infrastructure Leasing & Financial Services Ltd is likely to meet Thursday and decide the fate of the institution — whether it remains a lender or an asset building company.

    Bank of Maharashtra: Pune-based Bank of Maharashtra (BoM) is in the process of closing or merging 51 of its branches across India by the end of December. The bank said that the closures were part of a cost cutting measures and will result in cutting down in loss making branches.

    Healthcare Global Enterprises: Kotak Institutional Equities has upgraded rating on Healthcare Global Enterprises to buy from reduce and revised target price to Rs 270 from Rs 290.

    Bharti Airtel: The telecom major is acquiring the core team of Bengaluru-based startup AuthMe, and intellectual proprietary rights of the latter’s two flagship solutions — Callup AI and Fintech OCR — to fortify its artificial intelligence (AI) -based products and services.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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