Stocks to Watch: Yes Bank, RIL, Bharti Airtel, Vodafone, TCS, Adani Enterprises2 min read . Updated: 17 Jan 2020, 08:05 AM IST
Here’s a list stocks that may be in news on Friday
New Delhi: Here’s a list stocks that may be in news on Friday:
Bharti Airtel and Vodafone Idea: The Supreme Court on Thursday rejected the plea of Bharti Airtel Ltd and Vodafone Idea Ltd to review its 24 October judgement that had asked them and other telecom operators to pay dues amounting to around ₹92,000 crore in the 14-year-long dispute over the companies’ adjusted gross revenues. The telcos are exploring further options, including filing of a curative petition.
Reliance Industries: Mukesh Ambani-led Reliance Jio Infocomm added 5.6 million mobile subscribers in November, replacing Vodafone Idea as the country’s largest mobile services provider. The Reliance Industries (RIL) subsidiary ended the month with 369.93 million subscribers, grabbing a 32.04% market share.
Yes Bank: Moody's Investors Service on Thursday placed Yes Bank Ltd's long-term foreign currency issuer rating of B2 under review, with the direction uncertain. Considering the delay in capital raising, the ratings agency also downgraded Yes Bank's Baseline Credit Assessment.
Reliance Communications: The 17th meeting of Committee of Creditors of Anil Ambani- led Reliance Communications Ltd is scheduled to be convened on 17 January. The lenders of insolvent firm are working closely with the resolution applicants to improve the terms of their offers.
Adani Enterprises: The Central Bureau of Investigation on Thursday filed a case of criminal misconduct against Adani Enterprises for alleged irregularities in the supply of coal to Andhra Pradesh Power Generation Corporation.
HDFC Ltd: HDFC ERGO Health erstwhile Apollo Munich Health Insurance will merge with HDFC ERGO through a share swap deal. The board of director of HDFC ERGO and HDFC ERGO Health at its meeting on January 15, approved a scheme of arrangement and amalgamation between the two entities, HDFC Ltd said in a regulatory filing.
IL&FS Group: The National Company Law Appellate Tribunal (NCLAT) will provide a formula for proceeds distribution among the creditors of debt-ridden IL&FS group firms, PTI reported. The NCLAT-bench headed by Justice S J Mukhopadhaya said its formula would balance the interests of all stakeholders, including creditors.
GMR Infrastructure: The Supreme Court on Thursday lifted the suspension on environmental clearance on GMR Goa International Airport Ltd, a subsidiary of GMR Infrastructure Ltd, to construct new greenfield airport at Mopa.
Wipro: Wipro Ventures, the investment arm of Wipro Ltd, will invest $150 in early to mid-stage companies building innovative enterprise software solutions in areas such as cyber security, application development, analytics, cloud infrastructure, test automation and artificial intelligence (AI), according to a regulatory filing.
Q3 Earnings: HCL Tech Ltd, Reliance Industries Ltd, TCS, ICICI Lombard General Insurance Company Ltd will release their earnings for December quarter today.