RIL, Hindustan Zinc, L&T and Nestle among top stocks to watch out for on December 8

Dec 8, 2021

By: Bhakti Makwana

Reliance Industries

RIL has formed a $2 billion partnership with Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) for chemical production.

Credit: BCCL

Contd...

The joint venture will construct and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility.

Credit: BCCL

Larsen and Toubro

L&T has signed an initial agreement with the Saudi Arabian Oil Company (Aramco) to develop manufacturing capabilities in Saudi Arabia. Under the plan, L&T will build the region’s first heavy wall pressure vessels facility in the kingdom's Jubail Industrial City.

Credit: Brightcom-Group

Hindustan Zinc

The company has approved a total of $1 billion as interim dividend for distributing ₹18 per equity share.

Credit: Brightcom-Group

Vedanta

Vedanta, which holds a 64.92 percent stake in Hindustan Zinc, is expected to get nearly ₹4,937.68 crore in dividend payout.

Credit: Brightcom-Group

Brightcom Group

The digital marketing company has acquired MediaMint, which offers digital consulting and operations services, for ₹566 crore.

Credit: Brightcom-Group

Vodafone Idea, Bharti Airtel, RIL

The telecom regulator has directed telecom operators to allow mobile subscribers to send out an outgoing SMS to avail porting facilities irrespective of the tariff plan.

Credit: BCCL

SpiceJet

Madras High Court has admitted a plea to wind up the airline’s operations and take over its assets after it failed to pay dues. Court has asked to deposit $5 million in two weeks or face liquidation.

Credit: BCCL

Nestle India

Fast moving consumer goods (FMCG) major Nestle India has received an approval from the government for the production-linked incentive (PLI) scheme for processed fruits and vegetables.

Credit: Nestle

Tanla Platforms

The software company and Vodafone Idea has made a partnership wherein Tanla will be the exclusive provider of solutions to secure, encrypt and enhance performance for the entire international messaging traffic on the Vi network.

Credit: BCCL

IPO Watch

Shriram Properties IPO opens today, Tega Industries’ IPO allotment will be announced today.

Credit: BCCL

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