Sunday, October 14, 2018

Top Stocks in focus: IndusInd Bank, Bandhan Bank, NALCO

IndusIand Bank in focus as the bank will release its Q2FY19 numbers. Read here

Bandhan Bank has received the SEBI’s exemption on one-year lock-in for equity shares held by promoter shares post the IPO.

NALCO received board’s approval for buy back of 67.3cr equity shares of the equity paid-up share capital at a price of Rs 75 apiece.

InfoEdge cut stake in Zomato to 27.68% from 30.91% after Zomato signed a definitive agreement to raise $210mn from existing shareholder Ali Baba Group’s Alipay Singapore Holding.

Saregama India establish its subsidiary in UAE for distribution of music players and pre-recorded songs player ‘Carvaan’.

GSS Infotech’s subsidiary GSS Infotech Inc inked a share purchase agreement for acquiring 100% shares of Nexii Labs Inc, USA.

United Breweries forayed into a non-alcoholic beverages segment with the launch of Kingfisher Radler.

Infosys acquired Fluido, the largest salesforce consulting partner in Nordics.

Tata Steel plans expansion of Bhushan steel plant.

8K Miles Software Services has taken legal action against Quantum Global Securities and Kumar Share Brokers for wrongfully and illegally transfering promoter Suresh Venkatachari's 25.7 lakh shares.

Results today: IndusInd Bank, Indiabulls Housing, Delta Corp, South Indian Bank, Network 18, Trident India, TV18.

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