Infosys, auto stocks, RBL Bank and Star Health to be watched out for on December 10
Dec 10, 2021
Credit: BCCL
Infosys
The information technology (IT) major has announced its collaboration with Packable, a leading e-commerce company to strengthen its direct to consumer e-commerce offerings for its brand partners.
Credit: BCCL
Through the collaboration with Packable, Infosys will integrate its flagship human-centric...
...digital commerce platform, Infosys Equinox, with Packable IQ.
Credit: BCCL
Automobile companies
The government is planning to provide incentives worth ₹76,000 crore towards setting up over 20 semiconductor design, components manufacturing and display fabrication units over the next six years, said a report by The Economic Times (ET).
Credit: BCCL
Bajaj Electricals
The company has authorised some of the directors and officials to review the corporate structure of the company to unlock growth and value creation for all business segments.
Credit: RBL Bank
RBL Bank
The lender is seeking buyers for its ₹105 crore loan exposure to Future Corporate Resources, which holds a majority stake in Future Coupon, a 51:49 joint venture with Amazon, said a report by ET.
Credit: RBL Bank
The decision to sell it comes after a delay in the two-stage merger of 19 Future Group companies with...
...Future Enterprises, followed by a slump sale to Reliance Group entities.
Credit: RBL Bank
HFCL
Reliance Industries has increased its stake in HFCL, the country's largest integrated telecom network provider, to 5 percent by investing ₹138 crore in the company’s qualified institutional placement (QIP) that concluded on Thursday, said a report by ET.
Credit: BCCL
Go Fashion
SBI Mutual Fund acquired 15 lakh shares in the women’s bottom wear brand at ₹1,172 per share. At the same time, India Advantage S4 I sold 15 lakh shares.
Credit: Karur Vysya Bank
Karur Vysya Bank
The private sector bank has appointed Ramshankar R as its chief financial officer effective from February 10, 2022.
Credit: Karur Vysya Bank
Weizmann
The company has approved to buy back over 14.12 lakh shares at a price of ₹60 per share. Shares of the company closed at ₹56.50 on December 9.
Credit: Weizmann
IPO Watch
Star Health and Allied Insurance company will get listed on exchanges today. Shares of the insurer may see a weak listing as indicated by its poor premium in the grey market, which is in discount. Metro Brands IPO opens today; Last day to subscribe to Shriram Properties.
Credit: Pixabay