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Business News/ Markets / Stock Markets/  Stocks to Watch: Bank of India, Airtel, Cadila, FRL, Zee, Maruti Suzuki

Stocks to Watch: Bank of India, Airtel, Cadila, FRL, Zee, Maruti Suzuki

Bank of India says that it has raised ₹1,800 crore by issuing Basel-III-compliant bonds

Top ten stocks that could be in the news today, (iStock)Premium
Top ten stocks that could be in the news today, (iStock)

NEW DELHI: Here are top ten stocks that may be in the news today.

Adani Group: The group sealed a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port’s Western Container Terminal. Adani Renewable Energy has signed definitive agreements with Essel Green Energy for 100% acquisition of a special purpose vehicle (SPV) operated by Essel Green. 

Bank of India: The lender announced on Thursday that it has raised 1,800 crore by issuing Basel-III-compliant bonds.

Bharti Airtel: The telco said it will invest 5,000 crore in its data centre business, as it aims to triple its capacity by 2025 amid rising digitization and stringent local data storage rules.

Cadila Healthcare: The government will introduce Zydus Cadila's covid-19 vaccine ZyCoV-D in country’s national coronavirus vaccination programme very shortly, union health secretary Rajesh Bhushan said on Thursday.

Future Retail: The company's lenders will meet soon to take stock of the company’s repayment plans after a 19-month moratorium ended on Thursday, although a decision on referring the retailer to a bankruptcy tribunal would be taken later in case of a default, a banker aware of the development said.

Gas stocks: India has increased the domestic natural gas price by 62% from $1.79 per million British thermal units (mmBtu) to $2.9 per mmBtu under the domestic gas price regime, which was introduced in 2014. The new price effective from 1 October will result in an increase in electricity tariffs from gas fuelled power projects and push up the cost of fertiliser production.

Max Life Insurance: The insurer on Thursday announced that its Assets Under Management (AUM) has crossed 1 lakh crore, as of 23 September 2021. The private insurer has clocked 6x growth in the last 11 fiscals, it said.

NMDC: The company is aiming to achieve 47 million tonnes of iron ore production during the current financial year and plans to spend 3,720 crore on capital expenditure, a top official of the Navaratna Public Sector Enterprise said on Thursday.

Maruti Suzuki: The country's top carmaker Maruti Suzuki on Thursday said it expects total vehicle production volume in October at two of its plants – Haryana and Gujarat – to be around 60% of normal levels due to a shortage of semiconductors.

ZEE: A company court directed the board of Zee Entertainment Enterprises Ltd to call a special shareholders’ meeting by 3 October, handing a win to the company’s top investor, Invesco Developing Markets Fund, which is seeking to oust managing director Punit Goenka, citing mismanagement.


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Published: 01 Oct 2021, 07:15 AM IST
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