21 Oct , 2021 By : Kanchan Joshi
Following are the top 10 stocks that will be in news today:
Reliance Industries: Reliance Jio may invest in Google-backed Dunzo by participating in the hyperlocal delivery startup’s new fundraising round of $200-250 million, two people aware of the development said.
Yes Bank: The lender is finalizing the paperwork to sue satellite television operator Dish TV India Ltd over its refusal to hold a special shareholders meeting, three people aware of the matter said.
Future Retail: The company must take part in arbitration over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, rejecting the Indian retailer's bid to avoid the process. Amazon is trying to block Future's $3.4 billion sale of its retail assets to Reliance Industries.
Bandhan Bank: Bandhan Financial Holdings has offered to buy Future Group's stake and acquire a controlling interest in Future Generali India Life Insurance Company-a three-way joint venture between the Future Group, Industrial Investment Trust (IIT) and Italian insurance and asset management giant Generali, an ET report said.
Tata Communications: The company reported a consolidated net profit of Rs425.38 crore in the September quarter as compared to Rs384.48 crore a year ago. Consolidated revenue fell to Rs4,174 crore from Rs4,401 crore a year ago.
Mindtree: The company has announced the resignation of Dayapatra Nevatia from the position of executive director and chief operating officer. His last working day will be 3 January.
Jindal Stainless (Hisar): The company has commissioned a precision strip mill having a capacity of 26,000 tonnes per annum at its plant in Hisar. In July, JSL had announced investing Rs450 crore for expansion of its Specialty Products Division.
L&T Finance Holdings: The company reported a 10 percent decline in its consolidated net profit to Rs223 crore for the quarter ended September. Its total income during July-September 2021 fell to Rs3,134.46 crore as against Rs3,508.91 crore in the year-ago period, LTFH said in a regulatory filing.
PNB Housing Finance: The mortgage lender will consider issuance of non-convertible debentures worth up to Rs20 billion in tranches on a private placement basis.
Havells India: The consumer electrical goods maker on Wednesday reported a 7.34 percent decline in its consolidated net profit to Rs302.39 crore for the quarter ended September, compared to Rs326.36 crore in the year-ago quarter. Its revenue from operations rose 31.65% to Rs3,238.04 crore.
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