Home Tech Stocks to watch: Tata Stock, AEL, Vedanta, JSW Infra, ICICI Sec, Jio...

Stocks to watch: Tata Stock, AEL, Vedanta, JSW Infra, ICICI Sec, Jio Fin | market news

10
0
Stocks to watch: Tata Stock, AEL, Vedanta, JSW Infra, ICICI Sec, Jio Fin | market news

Stocks to watch, Thursday, October 10, 2024: GIFT Nifty futures rose by almost 100 points at 25,201, compared to Nifty futures' close of 25,083, indicating a wider opening for Indian markets on Thursday.

In the meantime, here are some stocks worth focusing on today:

Click here to connect with us on WhatsApp


Adani companies: The company has launched the Qualified Institutional Placement (QIP) offer at a floor price of Rs 3,117 per share. The company aims to raise up to Rs 16,600 crore to fund various projects, including airport expansion. SBI Capital Markets, Jefferies India and ICICI Securities are the lead book managers for this issue.


what about: As part of its liquidity management strategy, the company paid out $869 million to bondholders ahead of maturity in 2027 and 2028. This move is expected to reduce the company's interest costs.


JSW infrastructure: The company has received a letter from the Maharashtra Maritime Board regarding the construction of a multi-purpose port in Palghar district. The project, costing around Rs 4,259 crore, is expected to create 1,500 jobs and is in line with JSW's growth plan to significantly expand production capacity by FY30.


ICICI securities: The National Company Law Tribunal has approved the delisting of ICICI Securities following a plan that would make it a wholly owned subsidiary of ICICI Bank. Shareholders will get 67 shares of ICICI Bank for every 100 shares of ICICI securities held by them. The objections of the minority shareholders are dismissed.


Jio Financial Services: Jio Payments Bank, part of Jio Financial Services, has received a mutual fund distribution license from AMFI, enabling it to directly distribute mutual fund plans. This is in line with Jio Financial Services' broader strategy to expand in the financial services sector, including setting up a joint venture with BlackRock.

Dad's Magazine: Shares of Tata group companies will be in the spotlight following the death of the company's chairman emeritus Ratan Naval Tata on Thursday, October 10.


HDFC Life Insurance: The insurer plans to raise Rs 1,000 crore through non-convertible debentures to support the company's growth. The issue will be unsecured and listed on the National Stock Exchange.


Star Health and Allied insurance: The company is undergoing a forensic investigation following a major data breach that affected 31 million customers. Star Health is cooperating with authorities and has taken legal action against the platform that facilitated the data leak.


Ola Electric: Following a surge in consumer complaints, the Ministry of Heavy Industries has asked the Indian Automotive Research Association regarding Ola Electric's compliance with regulatory norms.


IRB Infrastructure Developer: The company plans to raise up to $200 million by issuing foreign currency notes to meet financing needs. The Board of Directors has authorized the Management Committee to oversee fundraising activities.


G Entertainment Entertainment: An Independent Commission of Inquiry (ICC) constituted by ZEEL found “no material irregularities” in the company following an investigation by SEBI into the alleged diversion of funds. This follows an investigation into allegations of diversion of funds worth over Rs 2,000 crore by retired chairman Subhash Chandra and managing director and CEO Punit Goenka.


IDFC: Swiss financial services firm UBS Group has bought 0.51% stake in IDFC for around Rs 88 crore. The transaction comes after IDFC First Bank announced its merger with IDFC Limited


TAC information: The cybersecurity company added 200 new customers, including Microsoft and Lenovo, and aims to add 10,000 customers globally by March 2026.

Previous articleMatt Barrie exposes everything that's wrong with Australia
Next articleJamie Foxx celebrates daughter Annelise's 16th birthday with tribute: 'You're a force to be reckoned with'