Stocks In The News | Trade Nivesh

Trade Nivesh | Reliance Home, Bharat Fin, Tata Comm, Graphite India and Shoppers Stop

TRADE NIVESH: Nifty futures on the Singapore Exchange were trading 19.50 points, or 0.16 per cent, higher at 11,962.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: 

Bharat Financial Inclusion: Vanguard Group offloaded Bharat Financial Inclusion’s shares worth Rs 298 crore through open market transactions. Vanguard Emerging Markets Stock Index Fund sold 16,54,969 shares worth Rs 148.83 crore. Vanguard Total International Stock Index Fund also offloaded 16,59,481 shares for Rs 149.24 crore. 

Gaurav Mercantiles: The company will consider a preliminary proposal to acquire the digital content business of Quintillion Media, a company owned and controlled by Raghav Bahl and Ritu Kapur, operated under the name and style of ‘The Quint’. 

Reliance Home Finance: CARE Ratings (CARE) has revised rating for non-convertible debentures (NCOs) of Rs 400 crore issued on private plaoemenl basis to D . CARE has stated this action is primarily due to rescheduling of non-convertible debentures 

Shoppers Stop: Aditya Birla Sun Life MF has bought 2 per cent stake in company on June 28, Reuters reported. 

Tata Communications: Managing Director and Group Chief Executive Officer Vinod Kumar has resigned from all positions in the company, the firm said. 

Jaiprakash Associates: NCLAT has called out lenders of Jaypee Infratech for engaging in “backdoor negotiations” with the Adani Group after the committee of creditors rejected a revised resolution plan proposed by NBCC. 

Graphite India: Karnataka state government has granted permission to close Bengaluru plant. 

Kalpataru Power Transmission: The company has signed a definitive agreement with Tano India Private Equity Fund II to acquire 19.94 per cent stake in Shree Shubham Logistics for Rs 64.66 crore. 

OIL, Vedanta and RIL: State-owned Oil India Ltd (OIL) Tuesday won 12 out of 32 oil and gas exploration blocks offered in latest auction while Vedanta Ltd walked away with 10 and Oil and Natural Gas Corp (ONGC) got eight blocks. 

BHEL: The PSU said D Bandyopadhyay will take additional charge of CMD till Nalin Shinghal joins the company. 

Allahabad Bank, PNB, UCO BankNSE 0.00 % and Corporation Bank: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on the four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts. 

Bharti Airtel: Bharti Airtel and Bharti Enterprises have injected about Rs 325 crore in Airtel Payments Bank, as per regulatory documents. 

Mindtree: Construction major Larsen & Toubro, which holds over 60 per cent stake in Mindtree, said Tuesday it has made payments to shareholders who tendered their shares successfully in the recently-concluded open offer. 

DCM Shriram Industries: Senior managing director and promoter Tilak Dhar has passed away, the company stated in a filing. 

Trading suspension: Geodesic, J K Pharmachem, Gujarat Perstorp Electronics, Maharashtra Krishna Valley Development Corporation, Global Securities, Teem Laboratories, Gujarat Narmada Flyash, Blazon Marbles, Softrak Venture Investments and Rane Computers Consultancy have their shares suspended from trading after investor complaints.