Future Retail, Jet Airways, Adani Enterprises and other hot stocks on January 6

Jan 6, 2022

By: Rounak Jain

Future Retail

The Delhi High Court stayed the arbitration with Amazon citing the latter’s suppression of material facts from India’s competition commission in 2019, merely a day after a single-judge bench refused to intervene in the matter.

Credit: BCCL

Jet Airways

Its acting chief executive officer Sudhir Gaur has stepped down ahead of the airline’s relaunch, and will be replaced by Captain PP Singh.

Credit: BCCL

Adani Enterprises

Bagged a contract to supply 1 million tonne overseas coal to the state-run NTPC, said media reports.

Credit: Adani-Enterprises

Hero MotoCorp

Naveen Munjal-led Hero Electric has sought an injunction to prevent Hero MotoCorp from using the word ‘Hero’ in its upcoming electric vehicle.

Credit: Hero-MotoCorp

Vodafone Idea

Suffered a setback as the Delhi High Court stayed on order that prevented TRAI from taking an adverse action against the company for its port out policies.

Credit: BCCL

Bharti Airtel

Its African subsidiary has received $159 million out of $176.1 million from the sale of tower assets in Tanzania.

Credit: BCCL

Contd...

The telco also formed a joint venture with the US-based Hughes Communications to provide satellite broadband services in India.

Credit: BCCL

HDFC Bank

Sold ₹2,188 crore worth of distressed loans to asset reconstruction companies over the first three quarters of 2021-22 in a bid to clean up its balance sheet, said reports.

Credit: BCCL

NHPC

Signed an agreement with Green Energy Development Corporation of Odisha to develop 500MW floating solar power projects across water reservoirs in the state.

Credit: NHPC

IPO frenzy returns as equity markets bounce back – ₹52,000 crore worth IPOs lined up in 2022 so far