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    Stocks in the news: Rain Industries, Voda Idea, IndiGo, Bharat Forge and IFCI

    Synopsis

    Rain Industries and Stovec Industries will announce their earnings for quarter ended on December 31, 2021.

    us stocksAgencies
    Stocks in buzz: HUL, Coal India, Cupid, MMTC, Cadila Healthcare, Gillette, Linde India, NHPC, Marks & Spencers and more
    Nifty futures on the Singapore Exchange traded 291 points, or 1.79 per cent higher at 16,528, signaling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

    Hindustan Unilever: The leading FMCG firm announced the separation of the position of Chairman of the Board and the CEO & Managing Director, and has appointed Nitin Paranjpe as a Non-Executive Chairman of the company.

    Coal India:
    The state-owned coal miner is considering offering more than 100 closed, discontinued mines to the private sector on revenue sharing basis in due course of time, the coal ministry said.

    Vodafone Idea: The telecom player announced a collaboration with A5G Networks, with a view to spurring industry 4.0 and smart mobile edge computing in India. The two companies have jointly set up a pilot private network in Mumbai utilizing existing 4G spectrum.

    InterGlobe Aviations: The budget carrier IndiGo said it has partnered with online travel services firm MakeMyTrip for its holiday offerings for both domestic and international travelers.

    Bharat Forge: The auto component major said it will acquire JS Autocast Foundry India. The company, along with its subsidiary, BF Industrial Solutions, has entered into a definitive agreement to acquire JS Autocast Foundry India (JS Auto).

    Cadila Healthcare: The Zydus group said its listed entity would now be known as Zydus Lifesciences as part of new brand identity. The Ahmedabad-based group is present in 55 countries, with 36 manufacturing plants, 8 R&D centres, 1,400 research scientists and 23,000 employees worldwide.

    Minda Industries: The auto parts manufacturing firm has acquired additional stake in two companies namely YA Auto Industries, and Auto Components, and bought fresh shares in Samaira Engineering, and SM Auto Industries.

    IFCI: The Infrastructure term lender approved allotment of preferential shares to the government in lieu of capital infusion of Rs 100 crore in the company. The decision was taken at EGM of the shareholders of the company.

    Kirloskar Ferrous Industries: The Competition Commission of India (CCI) approved acquisition of stake in ISMT Ltd by Kirloskar Ferrous Industries Ltd. The metal player proposes to acquire sole control of ISMT pursuant to subscription of a preferential allotment and an open offer to acquire up to 25.05 per cent of the emerging voting capital of the target.

    Gillette India:
    The insurance behemoth Life Insurance Corporation of India bought 2,000 equity shares in the personal products maker via open market transactions on February 23. With this, LIC's stake in the company stands at 5 per cent.

    Rain Industries: The coal miner along with Stovec Industries will announce their earnings for quarter ended on December 31, 2021.

    Linde India: The industrial gases manufactutuer clocked 19.4 per cent growth in consolidated profit to Rs 67.8 crore for the quarter ended December 2021. It board has declared a total dividend of Rs 13.50 per share for the year ended December 2021.

    NHPC: The state-owned hydro power giant said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years.

    Marks & Spencer: The British retailer announced the launch of its homeware collection in India across its select stores and the website, apart from e-commerce channel partners AJIO and Myntra. The company is targeting urban consumers through its homeware collection.

    MMTC: A JV between state-owned MMTC Ltd and Switzerland-based bullion brand PAMP SA, said it is aiming at a revenue of Rs 1,000 crore from the eastern region in the next five years. It forayed into the eastern market, launching the first store in Kolkata.

    Cupid: The personal products player firm has received a purchase order from United National Population Fund (UNFPA) for suppry of Male condoms worth Rs 4.25 crore and water-based lubricant worth Rs 1.01 crore.

    Vesuvius India: The engineering services for metal player reported a 19 per cent fall in the net profit to Rs 13.14 crore in the December 2021 quarter impacted by higher raw material cost and employee expenses. It has declared dividend at Rs 8 per share for the financial year ended December 31, 2021.

    Arihant Capital Markets:
    The board members of the financial services player on March 3, will consider an interim dividend for the financial year 2021-22 and sub-division of face value of equity shares of the company from Rs 5 per share to Re 1 per share.




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    (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
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