The Economic Times daily newspaper is available online now.

    Stocks in the news: Reliance Ind, ICICI Bank, Future Retail, Indiabulls Housing, YES Bank, Biocon and NBCC

    Synopsis

    Lupin, Marksans Pharma, Aurobindo Pharma and Alembic Pharmaceuticals are recalling products in the US market.

    Buy-Sell---ThinkStockThinkStock Photos
    Puravankara Group plans to launch 11 residential projects with a total saleable area of around 10.23 million sqft this fiscal
    Nifty futures on the Singapore Exchange traded 41.5 points, or 0.39 per cent higher at 10,629.50, in signs that Dalal Street was headed for a positive start on Monday. Here are a few stocks which may buzz the most in today's trade:

    ICICI Bank: The bank’s board will meet on Wednesday to discuss a proposal to raise funds by issuing equity shares to strengthen its financial position. While announcing its earnings for the fourth quarter and fiscal ended March 2020, ICICI Bank had said it will look at further strengthening the balance sheet as opportunities arise.

    Lupin, Aurobindo Pharma, Alembic Pharmaceuticals: Indian drug firms like Lupin, Marksans Pharma, Aurobindo Pharma and Alembic Pharmaceuticals are recalling products in the US market, as per the latest enforcement report by the USFDA. While Lupin and Marksans Pharma are recalling diabetes drug, Aurobindo and Alembic are recalling psychiatric medication in the US market.

    YES Bank: The private lender will auction properties of Thapar Group's Avantha Holdings and Oscar Investments Ltd of Singh brothers alongside those of some individuals later this month to recover loan dues of over Rs 1,000 crore.

    Reliance Industries: After raising billions of dollars from the likes of Facebook and Intel for its digital business, billionaire Mukesh Ambani's RIL has launched JioMeet video conferencing app with unlimited free calling that is being seen as a rate war on rival Zoom. Meanwhile, reports suggest the company is also planning to increase its network of aviation fuel stations by 50 per cent.

    Future Retail: Amid talk of a possible Reliance Retail-Future Group deal, Amazon’s stake in a Kishore Biyani holding company has emerged as an issue that needs to be resolved, said people familiar with the development. Reliance Retail and Amazon are competitors. Amazon owns around 3.5 per cent in Future Retail Ltd (FRL).

    Puravankara: Bengaluru-based realtor Puravankara Group plans to launch 11 residential projects with a total saleable area of around 10.23 million sqft this fiscal, even as the coronavirus pandemic continues to impact the sector.

    Coal India: State-owned Coal India suffered an average daily production hit of 56 per cent during the three-day strike by workers against the government's move to open the sector to private players, an official said. Meanwhile, CIL and NLC India will jointly develop solar power assets of 3,000 MW with a likely investment of around Rs 12,000 crore, sources said on Saturday.

    IHCL: Hospitality major Indian Hotels Company Ltd (IHCL) said it is adaptable to disruptive challenges and has defined a five-point strategy to navigate through the current challenging times.

    NBCC, Sadbhav Infra: NBCC, Suzlon Energy: IFB Industries, NBCC, Sadbhav Infrastructure, Suzlon and Dynamic Industries are slated to announce their March quarter results on Monday.

    Indiabulls Housing Finance: The HFC has sold Rs 4,000 crore loan portfolio to Oaktree. The deal structure is such that Oaktree will subscribe to NCDs issued by the builders and the money so generated will be used to pre pay loans granted by Indiabulls. The company reported an 86 per cent plunge in consolidated net profit at Rs 137 crore for the March quarter due to higher provisioning.

    Biocon: Biotechnology major Biocon aims to list its biosimilar unit in the next two-three years depending upon market conditions, as per the company's Annual Report for 2019-20.

    Federal Bank: The company is focusing on safer gold loans amid the coronavirus pandemic and hopes to grow faster than last year in the segment as demand for other credit slows down, a top official has said.

    NLC India: The government on Saturday said NLC India’s Director, Power has been asked to immediately proceed on leave till the finalisation of the enquiry into the explosion of the boiler at thermal power plant.

    Jaiprakash Associates: Debt-ridden Jaiprakash Associates on Saturday informed that its Managing Director (Cement) Sunny Gaur has resigned from the company.

    AstraZeneca Pharma India: The drug firm on Saturday said it has received approval from Drugs Controller General of India (DCGI) for Dapagliflozin tablets for treatment of patients suffering from heart failure with reduced ejection fraction.

    IL&FS Transportation Networks: The company on Friday said one of the lenders of its Spain-based subsidiary, Elsamex has filed a plea for declaration of insolvency of the company.

    National Fertilizers: The company has achieved 21.57 per cent growth in fertilizer sale at 12.85 lakh MT in first quarter (April-June) of this financial year (FY21), as compared to the sales of 10.57 lakh MT made by the company in the first quarter of 2019-20. This is an all time high fertilizer sale, breaking all previous records.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in