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    Stocks in the news: Maruti, M&M, ONGC, Dr Reddy’s Labs, Infibeam and Route Mobile

    Synopsis

    Dr Reddy's Laboratories on Saturday said it has inked a pact with Glenmark Pharmaceuticals to acquire its select anti-allergy brands.

    Agencies
    Gautam Adani's roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL

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    Nifty futures on the Singapore Exchange traded 4 points, or 0.03 per cent higher at 12,997, in signs that Dalal Street was headed for a muted start on Tuesday. Here are a few stocks which may buzz the most in today's session:

    Maruti Suzuki India, Tata Motors, Bajaj Auto, Hero MotoCorp: Auto makers will be in focus as they will announce their sales for the month of November. Emkay Global, in a note, said wholesale growth should be robust for tractors, two-wheelers and car makers, supported by healthy retails and a favorable base.

    Mahindra & Mahindra: Regulatory hurdles and valuation issues are hobbling a change of control in SsangYong Motors while Indian vehicle maker Mahindra & Mahindra is battling against time to revive the ailing Korean venture.

    Oil & Natural Gas Corp, Oil India: Energy stocks such as OPEC members and its allies are holding a virtual meeting on Monday and Tuesday to finalise an expected extension to production cuts as the coronavirus pandemic continues to weigh on global demand.

    Dr Reddy’s Laboratories, Glenmark Pharmaceuticals: Dr Reddy's Laboratories on Saturday said it has inked a pact with Glenmark Pharmaceuticals to acquire its select anti-allergy brands in Russia, Ukraine, Kazakhstan and Uzbekistan.

    DHFL: Billionaire Gautam Adani's roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money.

    Infibeam Avenues: BSE-listed global financial technology solutions provider Infibeam is demerging its businesses to pursue independent growth strategies.

    DLF: Realty major DLF has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in the last few months, PTI reported.

    Indostar Capital: Alternative asset manager Brookfield and private equity player Everstone promoted non-banking finance company IndoStar Capital Finance is looking to fully exit from corporate lending business by March 2022, PTI reported citing the company’s executive vice-chairman and chief executive R Sridhar.

    Route Mobile: Route Mobile, a cloud communications platform service provider, is eyeing two acquisitions in areas of conversational AI and virtual contact centre, and the process of "due diligence" is currently on, PTI reported citing the company’s CEO.

    HCC: Hindustan Construction Company, in a joint venture with Vensar Constructions Company (VCCL), has bagged two orders totaling Rs 236 crore from the Northeast Frontier Railway, HCC said in a statement on Monday.

    JSW Steel: Domestic steel major JSW Steel is in the process of acquiring land at Jagatsinghpur in Odisha where it has proposed to set up a 13.2 MTPA greenfield steel plant, PTI reported citing a top company official.

    Aurobindo Pharma: Aurobindo Pharma expects to commercialise its vaccine manufacturing facility in Hyderabad by April-May next year, PTI reported citing a top company official.

    Ruchi Soya: Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna will be on the board of soya food brand Nutrela-maker Ruchi Soya that was recently acquired by Patanjali Ayurved.

    LIC Housing Finance: Blackrock Emerging Market Fund Inc sold over 47 lakh shares of LIC Housing Finance in a bulk deal on Friday. On the other hand, Integrated Core Strategies (Asia) PTE bought over 58 lakh shares of the company

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