Stock Market up-date: Vi, Zomato, Wipro India

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Stocks To Keep Your Eye On : Vi, Zomato, Wipro, Lupin, Welspun India

The stock market indicates a gap-down start for standard indices on Monday because at 8:45 NIFTY futures on SGX were trading 166 points lower at 17,435.

Here is some stock that is traced in today’s session:

  • Dish TV: Dish TV which is a direct-to-home services provider, facade some special notice from its shareholders which is to withdraw their managing director Jahavar Goel and four other directors. The Annual General Meeting of Dish TV was organized to be taken on 27 September 2021, has been after an extension of time for holding the AGM of the company. 
  • Vodafone Idea: Debt-ridden telecom utilizes VI declared to have recorded a crest speed of 3.7 gigabits per second (Gbps), highest by any operator in India, during 5G trials in Pune. The company also declared to have recorded 1.5 Gbps download speed in the mid-band range in Gandhinagar and Pune.
  • Welspun India: The company is searching to invest up to Rs.800 crore on the volume build-up of their home textiles and flooring businesses over the upcoming two years. One of the biggest home textiles manufacturers Welspun India would invest Rs.656.5 crore on its home textiles business evolution during FY’22-23.
Stock Market Graph
Stock Market Graph

Zomato: The Zomato declared it did not release the exit of its co-chairman, Gaurav Gupta, to the stock exchange as he was not designated as key managerial personnel, nor was he a supporter of the company. Rejoining to an explanation sought by BSE, Zomato is an official filing said, we would like to submit that Mr. Gaurav Gupta is not designated as key managerial personnel under the Companies Act, 2013, and the Listing Regulations.

Cadila Healthcare: Drug firm Zydus Cadila on Saturday declared it has received approval from the US health regulator to market Vortioxetine Tablets, used to treat depression, in the American market.

MAS Financial Services: Non-banking economic company MAS Financial Services on Friday declared it has raised Rs.100 crore via personal placement of market-linked non-convertible debentures (MLDs). The lender has granted 1000 MLDs of a face value of Rs.10,00,000, lumping up to Rs.100 crore.

Wipro: IT technologies great Wipro stated the launch of the Wipro-Google Cloud Innovation Arena at a Bengaluru to accelerate the adoption of cloud services. This cloud collaboration space will provide in-house technical expertise, ensure seamless cloud adoption, and accelerate revolution to drive business transformation for customers, a statement said.

Zee Entertainment Enterprises: BlackRock Inc. took more than Rs.3.01 lakh equity shares in the company via open market transaction, increasing shareholding to 5.01% from 4.98% earlier.

Lupin: The US FDA has wind up its inspection of the Goa-based facility of Lupin with seven observations, the drugmaker said in a regulatory filing yesterday. The monitoring made by the US FDA assumes significance as the plant had earlier received a warning letter from the American regulatory body.

Motilal Oswal Financial Services: The company intends to concern 1,000 secured principal-protected market-linked redeemable non-convertible debentures of the face value of Rs 10 lakh each, amounting to Rs.100 crore on a private placement basis, in one or more tranches.

Bajaj Holdings & Investment: Bajaj Holdings and Investment announced an interim dividend of Rs.90 per equity share of Rs.10 each.

Intellect Design Arena: The company announced a planned partnership with Resurs Bank for a new cloud-based banking platform. intelligence will be implementing its microservices-based digital banking compound IDC and iKredit460 to advance processes and operations.

Sobha: Leader Financial Officer Subash Mohan Bhat has resigned. He will carry on with his position till a new CFO is appointed.

Rail Vikas Nigam: The Rail Vikas Nigam traped an Rs.1,035 crore contract for the Indore Metro Rail project.

Shipping Corp: India’s government has approved a plan to form a new unit after the demerger. The ensuing unit will be a hundred-dollar subsidiary of the company.

© By Business Standard 2021

Also Read: 4 GST Tax Slabs and GST Filing – GST Guide

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