Stocks to watch: The benchmark stock indices are expected to see a flat start to trading on Wednesday, September 11. At 7:58 AM, the GIFT Nifty futures were trading 0.09% lower at 25,090 levels. This, as per publicly available information, signals that the NIFTY50 will open 7 points higher.
Here is a list of stocks that may trade actively in today's session.
InterGlobe Aviation: IndiGo has paid the reduced penalty of ₹70 lakh imposed by regulator BCAS on the airline in connection with the incident of passengers having food on the Mumbai airport tarmac in January this year.
The Bureau of Civil Aviation Security (BCAS) had imposed a fine of ₹1.2 crore on the airline on January 18 for the incident that happened on January 14.
Hindustan Zinc: Vedanta group firm Hindustan Zinc (HZL) on Tuesday said it has supplied zinc for the country's heaviest transmission steel pole structure weighing over 200 metric tonnes.
The company said that its top-quality zinc has been used in the galvanization process for the transmission steel pole structure.
HDFC Bank, Axis Bank: The RBI has imposed penalties totalling ₹2.91 crore on
Axis Bank and
HDFC Bank for certain deficiencies in statutory and regulatory compliance.
In a statement on Tuesday, the Reserve Bank of India (RBI) said a penalty of ₹1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions on 'Interest Rate on Deposits', 'Know Your Customer (KYC)' and 'Credit Flow to Agriculture—Collateral-free agricultural loans'.
Ramco Systems:
Ramco Systems announced the release of version 6.0 of its Aviation Software—"a revolutionary product release designed to transform M&E and MRO operations with AI-driven insights, advanced automation, and seamless integration."
Ashoka Buildcon: The company, as per news reports, said its wholly-owned subsidiary, Viva Highways Ltd (VHL), has monetised land in Hinjewadi, Pune, for ₹453 crore.
Persistent Systems: The company on Tuesday, September 10, said it has entered into an asset purchase agreement with SoHo Dragon (‘Soho’) on September 10, 2024, to acquire select assets from Soho. This transaction is subject to customary closing conditions.
The assets being acquired include select employees, contractors, and a customer contract. The annual revenue from these assets is estimated to be $9.3 million.
Oil-linked stocks such as upstream and downstream companies, tyre and paint companies will be in focus today as oil prices loitered around three-year lows on concerns over a weak demand outlook.
Reliance Industries (RIL): Reliance Retail Ventures Limited (RRVL) (Reliance Retail), has announced a 50/50 partnership with Delta Galil Industries, Ltd. (listed on the Tel Aviv Stock Exchange), a global name in the manufacturing and marketing of branded and private label intimate, activewear, loungewear, and denim for men, women, and children.
Infosys:
Infosys, the domestic IT services firm, and Proximus Group, Belgium’s leading digital services and communication solutions provider, on Tuesday, September 10, announced a strategic collaboration to help unlock new business opportunities.
Oil India, ONGC: These stocks will be in focus as Oil India (OIL), ONGC Videsh (OVL) & Khanij Bidesh India (KABIL) signed a memorandum of understanding (MoU) with IRH, UAE, for global cooperation in critical mineral supply chain.
Jubilant Pharmova on Tuesday announced that, Jubilant HollisterStier LLC (‘JHS’) has received a communication from the USFDA, through which the regulatory agency intimated that pursuant to its audit of JHS’s contract manufacturing facility located at Spokane, Washington (USA) from May 28,2024 to June 6, 2024, it has determined the inspection classification of the facility as “Voluntary Action Indicated”.
Jubilant HollisterStier LLC is a subsidiary of Jubilant Pharmova.
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