Yes Bank share price: Stocks in the news: Wipro, Tata Steel, Hero Moto, Yes Bank and Indian Hotels

Snifty futures on the Singapore Stock Exchange traded 85.5 points, or 0.47 percent, lower at 17,710.5, suggesting Dalal Street was heading for a negative start on Wednesday. Here are a dozen stocks that could be buzzing the most in today’s trading:

Wipro: IT services company and UK company Finastra announced a partnership in India to drive digital transformation for commercial banks in India. This multi-year partnership makes Wipro the exclusive implementation and go-to-market partner for all banks in India for Finastra’s Fusion Trade Innovation and Fusion Corporate Channels.


:
The two-wheeler major said he teamed up

Build charging infrastructure for electric two-wheelers in the country. The two companies will initially set up a charging infrastructure in the existing station network of Hindustan Petroleum Corporation (HPCL).

: The steelmaker has raised Rs 2,000 crore through the issuance of NCDs as the Board has approved the allotment of 20,000 non-convertible debentures with a face value of Rs 10,000 each to identified investors on a private placement basis. The NCDs are to be listed on BSE’s Wholesale Debt Market (WDM) segment.

: The private lender said its board has approved the sale of around Rs 48,000 worth of stressed assets to JC Flowers ARC, which has emerged as the sole bidder for the portfolio. The US-based asset recovery firm emerged as the base bidder for Yes Bank’s proposed sale of its identified stressed loan book in July this year.

Company: The hotel group signed its second hotel in Dharamshala, Himachal Pradesh under the SeleQtions brand. As a franchise hotel managed by Sohum Hotels and Resorts, the operating hotel will be rebranded under the IHCL SeleQtions brand.

: The drugmaker said it has introduced the cancer drug lenalidomide in capsule form to the US market. The Ahmedabad-based company launched its generic product after receiving approval from the United States Food and Drug Administration (USFDA).

IT I: The state-run telecommunications equipment maker said its board will meet on September 28 to consider allocating shares to the Indian president. The government will inject funds into the company under the revival package.

: The low-cost airline said it has asked 80 of its pilots to take three months of unpaid leave. The move is a temporary measure to rationalize costs. The pilots who were forced to take unpaid leave are from the airline’s Boeing and Bombardier fleets.


NBCC (India):
The state-run construction company said it secured total business of Rs 274.77 crore in August, in an exchange filing on its monthly business update.

: The Reserve Bank has rejected a recommendation from a recently listed private lender to appoint B. Vijayadurai as part-time non-executive chairman. The bank had recommended to RBI on August 20 the appointment of B. Vijayadurai as part-time non-executive chairman.

: An individual on Tuesday sold 3.38 percent stake in a pesticide and agrochemical company for over Rs 98.44 crore through open market transactions, according to bulk business data. The Quant Mutual Fund acquired 5,000 shares of the company on both the NSE and the BSE. Other buyers have not been identified.

: Mahindra & Mahindra announced that it would acquire an additional 17.41 percent of the shares in the diesel engine manufacturer

(KIL) at Rs 296 crore. The acquisition increases the company’s stake in Swaraj Engines from 34.72 percent to 52.13 percent.

: Pramod Kumar Jaiswal has tendered his resignation as the company’s plastic products chief financial officer for personal reasons. Jaiswal will hold his current position as CFO until October 31, 2022.

: The metal products company has announced the resignation of RN Maloo as Chief Financial Officer. The company released Maloo from his duties effective September 20.

: The explosives maker has received an order worth around Rs 4.27 billion from Israel Aerospace Industries (IAI) to manufacture warheads, and the ordered items are expected to be delivered by May 2023. The company also won an order worth Rs. 5.47 crore for the production and supply of launch vehicle engines.

Lycis: Veteran investor Vijay Kishanlal Kedia has sold 3.9 lakh shares, or 2.02 percent stake, in the company through open market transactions. This reduced his share in the company to 3.95 percent, after previously 5.97 percent.

: The casting and forging company has won the tender for the supply of railway wheels to the railway department for monobloc wheels in its favor. It has already provided two shipments of wheels and became one of the suppliers of this Indian government railway wheel requirement.

https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-the-news-wipro-tata-steel-hero-moto-yes-bank-and-indian-hotels/articleshow/94338395.cms Yes Bank share price: Stocks in the news: Wipro, Tata Steel, Hero Moto, Yes Bank and Indian Hotels

Russell Falcon

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