RIL, PNB, Reliance Capital, Union Bank of India and other hot stocks on November 30

Nov 30, 2021

By: Bhakti Makwana

RIL

Mukesh Ambani’s Reliance Industries has reportedly tied up with Whatsapp to ease the shopping experience of customers at JioMart. It has introduced a new ‘tap and chat’ option for ordering groceries from the ecommerce platform.

Credit: BCCL

Reliance Capital

Anil Ambani’s financial services company is heading towards bankruptcy court.

Credit: BCCL

Reliance Capital

The Reserve Bank of India (RBI) said it will initiate bankruptcy proceedings against Reliance Capital and superseded the non-banking financial company’s board on governance concerns and payment defaults.

Credit: BCCL

Punjab National Bank

The public sector bank will invest in Open Network for Digital Commerce as a promoter entity by picking up over 9 percent stake in the company.

Credit: BCCL

Dr Reddy’s Laboratories

The pharmaceutical major said it is in talks with partners to export domestically made doses of Russia’s COVID-19 vaccine Sputnik.

Credit: BCCL

IndiaMART InterMESH

The B2B e-commerce firm has acquired a stake in trade receivable discounting system services firm M1xchange for ₹32.4 crore.

Credit: BCCL

Union Bank of India

RBI imposed a monetary penalty of ₹1 crore for violating certain provisions related to sale of stressed assets and reporting of frauds.

Credit: BCCL

Ratnamani Metals & Tubes

The company has received new domestic orders aggregating to ₹297.87 crore from the oil and gas sector that is to be executed between February 2022 and January 2023.

Credit: BCCL

James Warren Tea

The company has approved a proposal to buy back shares worth ₹24.86 crore at a price of ₹295 per share. The stock closed at ₹259 on November 29.

Credit: BCCL

IPO Watch

Go Fashion will list today; shares of the company are commanding a premium of ₹520 in the grey market. Star Health and Allied Insurance Company IPO to open today.

Credit: BCCL

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