Nifty futures on the Singapore Exchange were trading 43.50 points, or 0.41 per cent, higher at 10,665.50, indicating a positive start for the Nifty50. Here’s a list of stocks that may hog limelight in today’s session:
Infosys: The IT major named Jayesh Sanghrajka as the interim chief financial officer to succeed M D Ranganath. The Bengaluru-based company, in a regulatory filing, said the board is in the process of selecting the next CFO.
IOC, ONGC and OIL: government is considering a plan to sell shares worth $2 billion in Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and Oil IndiaNSE 0.17 % Ltd (OIL) to help meet this year’s divestment target, according to people familiar with the matter. This would be on top of the proceeds generated from a likely Rs 10,000-crore share buyback by these companies.
Jet Airways: The board of Tata Sons is likely to meet here Friday to vet a proposal to buy out the cash- strapped Jet Airways, which sent its share prices soaring over 26 percent, according to people familiar with the development.
HDFC: India’s largest mortgage lender is set to raise up to $1 billion through its maiden dollar bond sales which is likely to hit the market in January, three people with the direct knowledge of the matter, told ET.
Kotak Mahindra Bank: ING Mauritius Investments I sold 1.27 cr shares of Kotak Mahindra BankNSE 2.86 % on Thursday at an average price of Rs 1,130 per share, NSE block deal data showed. TFL Pension Fund bought 6.25 lakh shares, Government of Singapore bought 95.57 lakh shares and Aberdeen Asset Management Asia bought 25.63 lakh shares, data showed.
IDFC Bank: Domestic ratings agency Icra has downgraded the long-term ratings of the youngest private sector lender IDFC Bank on profitability concerns. Downgrading the bank, the agency said profitability of the bank will remain weak in the medium- to near- term even after the planned merger with Capital First and added that high cost wholesale liabilities are also a concern.
Tata Investment Corporation: The board of directors will consider proposal for buyback of equity shares of the company, at its meeting to be held later in the day.
Bharat Road Network: Infrastructure firm Bharat Road Network (BRNL) reported more than 43 per cent fall in its standalone net profit at Rs 4.43 crore during the quarter ended September 30, 2018. The company had clocked Rs 7.86 crore net profit during the same quarter a year ago, BRNL said in a BSE filing.
NHPC: State-run hydro power giant NHPC's board has approved buy back of 21.42-crore equity shares at Rs 28 apiece, aggregating Rs 600 crore.
YES Bank: Former SBI chairman O P Bhatt has resigned from the panel set up by Yes Bank to find a successor to its MD and CEO Rana Kapoor, the private sector bank said Thursday. Bhatt, who was an external expert on the Search and Selection Committee (S&SC), resigned with "immediate effect" as "there may be a potential conflict of interest", the bank added.
Tourism Finance Corporation of India: SREI Infrastructure Finance, Supreme Infrastructure India, Tourism Finance Corporation of India. are among a few companies which will announce their quarterly earnings later in the day.
Unichem Labs received Establishment Inspection Report (EIR) for post marketing adverse drug experience inspection by USFDA.
