Home >Markets >Stock Markets >Stocks to Watch: InterGobe Aviation, DHFL, Adani Group, IRCTC, JSW Steel

NEW DELHI : Here’s a list of stocks that may be in news on Tuesday:

InterGobe Aviation: Promoter of India’s largest domestic airline-IndiGo-has earned a reprieve, with the aviation regulator extending a deadline to replace Pratt & Whitney engines on its Airbus A320neo aircraft by four months to 31 May. The move would help IndiGo temporarily avert what seemed an imminent grounding of a large number of planes for not meeting the previous deadline of 31 January.

DHFL: Creditors of Dewan Housing Finance Corp Ltd (DHFL) will meet on 16 January to discuss, among other issues, the eligibility criteria for prospective resolution applicants, said a person aware of the development. Other things on the agenda include updates on the insolvency process since the first meeting held on 30 December, discussion on resolution strategy for the mortgage lender, and an update on its operations.

Jaiprakash Power Ventures: Lenders to Jaiprakash Power Ventures Ltd, lead by ICICI Bank, have approached the National Company Law Tribunal (NCLT) to withdraw their application for starting of bankruptcy proceedings, according to a regulatory filing. The Ahmedabad bench of NCLT allowed the withdrawal after the lenders and corporate debtors of the Jaypee Group company approved a resolution plan.

Adani Group: Billionaire Gautam Adani-led group is exploring acquisition of Vidarbha Industries Power (VIPL), a subsidiary of Reliance Power which supplies electricity to Adani Electricity Mumbai, according to a report in The Economic Times. The Adani Group and Anil Ambani-led Reliance Power are at an early stage of negotiations, the report said quoting sources privy to the discussion.

JSW Steel: The company posted a 5% year-on-year decline in crude steel production. JSW Steel reported 4.02 million tons of crude steel production in the third quarter of FY20, against 4.23 million tons in the same quarter of the previous fiscal.

ICICI Bank: The ICICI bank has approached the Bombay High Court seeking effect to its “termination of appointment" of Chanda Kochhar as its Managing Director and CEO, and also sought recovery of various amounts from her. In a monetary suit filed on 10 January, the bank sought dismissal of Kochhar's petition and said the issue can be decided in a commercial suit.

Realty stocks: Providing partial relief to homebuyers, the Supreme Court on Monday issued a notice to the Centre on the petition filed by homebuyers against the amendment of the Insolvency and Bankruptcy Code (IBC) 2016 which introduced a minimum threshold for filing an application with the National Company Law Tribunal (NCLT) against a defaulting developer.

IRCTC: Ministry of Railways has given its approval to IRCTC to operate Ahmedabad-Mumbai Central Tejas Express for 6 days a week. This train will have its inaugural run on 17 January and will start its commercial run from 19 January.

Syndicate Bank: The public sector lender has reduced the MCLR by 20-35 bps for various tenures. The new interest rates will be effective 15 January onward.

Lakshmi Vilas Bank: The private sector lender has appointed D Krishnakumar, Vice President, Risk Department as the Chief Risk Officer (CRO) with effect from 14th January, whose tenure will be for a period of two years. The move follows the resignation of Srinath.M, Senior Vice President & Chief Risk Officer, who was relieved from the services of the Bank on 13th January.

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