The Indian benchmark indices are expected to open on a flat note today as SGX Nifty rose 4 points to 17,090 level amid mixed global cues. On Monday, the Indian market closed higher in volatile trade backed by gains in Reliance Industries, Kotak Bank and HCL Tech. Sensex ended up 153 points higher at 57,260 and Nifty gained 27 points to 17,053.
Here is a look at stocks that are likely to remain in news today.
Go Fashion: Go Fashion India will make its debut on the BSE and the NSE today. The company sold its shares in the range of Rs 655 -- 690 between November 17 -- 22 to raise Rs 1,013. The Reserve Bank of India RBI has approved Life Insurance Corporation LIC to raise its stake in the bank by up to 9.99%, according to Kotak Mahindra.
Asian Paints will invest around 960 crore to expand the manufacturing capacity of its facility in Ankleshwar in Gujarat. The company has inked a Memorandum of Understanding with the Gujarat government about the proposed expansion of the manufacturing capacity of paint from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85,000 MT.
After New Delhi cleared shipments of other shots, the Indian pharmaceutical firm is in talks with partners to export domestically made doses of Russia's COVID 19 vaccine, Sputnik.
Coal India: The state-owned firm said it has approved an interim dividend of Rs 9 per share. The company has set December 7 as the Record Date for the payment of the Interim Dividend on equity shares for the Financial Year 2021 -- 22.
IndusInd Bank top executives of Bharat Financial Inclusion Ltd BFIL, a wholly owned subsidiary of IndusInd Bank, resigned from the company last week, the bank said. The lender said that it has appointed an executive director and another person to oversee day-to- day operations of the company. BFIL's managing director and chief executive, Shalabh Saxena, and its executive director and chief financial officer Ashish Damani are all set to join rival microfinance lender Spandana Sphoorty.
IRCTC: The online bus ticketing platform redBus has entered the rail ticketing market with the launch of redRail, a rail ticket booking service in collaboration with IRCTC Indian Railway Catering and Tourism Corp as their authorised partner.
Punjab National Bank: The public sector bank will invest as a promoter in Open Network for Digital Commerce by buying over 9 per cent of the company, which is yet to be incorporated. The Open Network for Digital Commerce ONDC Ltd has a mandate to develop an open network for digital commerce.
Ujjivan Small Finance Bank: The private lender said that RBI has added another director to the bank's board, PN Raghunath.
Reliance Capital: The Reserve Bank of India RBI has replaced the board of Reliance Capital Ltd. RCL because of the defaults by RCL in meeting its various payments obligations to its creditors and serious governance concerns that the Board has not been able to address effectively.