paytm share price: Stocks in the news: Paytm, Vodafone Idea, Mahindra Lifespace, NMDC, MSTC, RIL and Petronet LNG

0
NEW DELHI: Nifty futures on the Singapore Stock Exchange traded 37 points, or 0.21%, down to 17,502, signaling Dalal Street was heading for a muted start on Monday. Here are a handful of stocks that could buzz the most in today’s trading:

: Digital financial services company One97 Communications (Paytm), which operates under the

brand, on Sunday denied any connection to the merchants who are under the scanner of the Law Enforcement Branch in the Chinese loan application case.

Vodafone idea: Deficit

(Vi) has prepaid a short-term loan of around Rs 2,700 crore to SBI in a bid to boost lenders’ confidence as it urgently seeks new bank funds to secure equipment supply deals for 5G networks and also clear some of his close ₹15,000 crore trade debts including dues to tower companies, network equipment vendors and other vendors.

Mahindra Lifespace Developers: The property company is aiming for a 2.5-fold increase in its annual sales bookings to Rs 2,500 crore over the next three years thanks to better housing demand, its managing director and CEO Arvind Subramanian said.

Tata Group Shares: Former Tata Sons chairman Cyrus Mistry was killed in a car crash in Palghar on Sunday. The Shapoorji Pallonji Group, controlled by the late Pallonji Mistry and his family, owns around 18% of Tata Sons, the holding company of the $113 billion Tata empire.

: The government is likely to launch preliminary tenders for the strategic sale of NMDC’s Nagarnar steel plant by the end of March, an official has said. The official said that the under construction NMDC steel plant in Chhattisgarh is expected to go into operation this month, and once the splitting process is completed, DIPAM will proceed with the privatization of the Nagarnar steel plant.

Petronet LNG: India’s largest gas importer will invest Rs 40,000 crore over the next five years to expand import infrastructure as well as embark on new business to increase profitability to Rs 10,000 crore. Petronet, which operates two LNG import facilities at Dahej in Gujarat and Kochi in Kerala, is looking to get into the petrochemical business, according to the company’s latest annual report.

: Public e-commerce service provider MSTC aims to expand its offering to private players and has partnered with companies such as

, , , and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and that it will have to develop smart ways to meet new challenges.

Birla Company: MP Birla Group plans to increase its cement production capacity by 50 percent to 30 million tonnes per year by 2030, the company said in its latest annual report. The company, which commissioned a new unit at Mukutban with an investment of Rs 2,744 crore, plans to set up new units and expand the production capacity of existing units.

Adani Group Shares: Adani Group reportedly contacted CreditSights, highlighting its plan for systemic capital management, improved net debt-to-operating profit ratio and a diversified loan portfolio to assuage debt concerns raised earlier by a research firm Singapore-based global marketplace, people familiar with the case told ET.

Hinduja Global Solutions: NXTDIGITAL shareholders have voted in favor of its merger with Hinduja Global Solutions, the company announced on Friday. A total of 99.99% of non-promoting shareholders vote in favor of the Scheme of Arrangement between NXTDIGITAL and Hinduja Global Solutions, NDL said in a statement.

Spice spray: The airline has received an extension of up to three months to hold its annual general meeting for the fiscal year ending March 2022. Now, the annual general meeting (AGM) for the last fiscal year will be held no later than December 31, 2022.

Trust Industries:

is in talks to acquire brands such as CavinKare’s Garden Namkeens, in addition to other brands such as Lahori Zeera and Bindu Beverages in a bid to bolster its fast-moving consumer goods (FMCG) game, ET officials told ET. people familiar with development.

Bharti:

has launched a pilot project in partnership with TP Northern Odisha Distribution to offer bill payment solutions to more than two million registered utility customers, a senior executive at India’s second-largest telecom operator has said.

Share.

Comments are closed.