Reliance, Bharat Forge, BPCL and other top stocks to watch out for on September 28

Sep 28, 2021

Credit: BCCL

Reliance Industries

In talks to buy a stake worth $200-250 million in Glance InMobi, a company that provides content for lock screens on Android smartphones.

Credit: BCCL

Bharat Forge

Its aerospace division has become the first entity to achieve Nadcap accreditation for the manufacture of metallic materials.

Credit: Bharat Forge

BPCL

Intends to invest ₹1 lakh crore over the next 5 years to boost petrochemical production capacity. Disinvestment planned to be completed by March 2022.

Credit: BCCL

Adani Enterprises

Its airport subsidiary has entered into an agreement with April Moon Retail to acquire a 74 percent stake and operate its duty-free outlets in airports.

Credit: Adani Enterprises

Allcargo Logistics

Reportedly considering selling a stake in its container shipping firm ECU Worldwide in a deal that values the firm at $1 billion.

Credit: Wikimedia

Maruti Suzuki

Has asked its component supplies to be ready for production of 1.6-1.8 lakh cars in October, as it tries to secure the supply of chipsets.

Credit: BCCL

RBL Bank

The Reserve Bank of India has levied a ₹2 crore penalty on the bank for violation of norms related to deposits and appointment of directors on board.

Credit: RBL Bank

HDFC

Looking to raise ₹6,000 crore via a private placement of non-convertible debentures.

Credit: HDFC

AGMs today

SAIL, Petronet, Indraprastha Gas, Future Retail, Zensar Technologies, NTPC, Kajaria Ceramics, Bharat Electronics.

Credit: Unsplash

IPO Watch

Paras Defence and Space Technologies IPO allotment to be announced today.

Credit: Flickr