Stocks in the news: YES Bank, RIL, Vodafone Idea, NBCC, AB Capital
Here are a few stocks which may buzz the most in today’s trade.
Reliance Industries: Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks. The statement came a day after Bharti Airtel and Vodafone Idea Ltd announced a hike in call and data charges from next month.
Vodafone Idea: Vodafone Idea, India's third-largest telecom service provider, is seeking about Rs 7,000 crore in tax refunds for past years even as it faces fresh statutory dues liability - running into thousands of crore - that has put the income tax department in a bind, sources privy to the development said.
Meanwhile, Vodafone Idea and Bharti Airtel lost over 49 lakh users in September this year, while rival Reliance Jio added 69.83 lakh new users to its network, as per data from sectoral regulator TRAI.
YES Bank: Yes Bank on Tuesday reported a lower net profit of Rs 1,084.03 crore for 2018-19 compared to Rs 1,720.28 crore announced earlier due to higher non-performing assets assessed by the Reserve Bank.
NBCC: State-owned NBCC on Tuesday said it has bagged a Rs 500-crore project from the environment ministry to develop National Museum of Natural History in the national capital.
Central Bank of India: Central Bank of India has reported an increased net loss of Rs 6,430.48 crore for 2018-19 due to NPA divergence after assessment of higher bad loans by the Reserve Bank. The net NPA divergence -- the difference between the NPAs reported by the bank and that assessed by the RBI -- was at Rs 2,565 crore for 2018-19. Central Bank of India had reported a net loss of Rs 5,641.48 crore in 2018-19 earlier.
Infosys: Infosys on Tuesday clarified that recent media reports, which claimed that the company is hit by a fresh whistleblower complaint, refer to substantially the same charges made in the plaint that was disclosed by the IT firm last month. Stock exchanges last week had sought clarification from the company over the media reports that suggested the company was 'hit by another whistleblower complaint against Salil Parekh'.
SBI Life: Private equity firm Carlyle Group on Tuesday divested 3 per cent stake in SBI Life Insurance for over Rs 2,800 crore through an open market transaction. Carlyle Group, through its entity CA Emerald Investment, had acquired 9.2 per cent stake in the life insurer in March.
AB Capital: Aditya Birla Health Insurance, a part of Aditya Birla Capital, is expecting to grow its business by 80 per cent during the current financial year, a company official said on Tuesday.
In the first half of this fiscal, the company's business stood at Rs 315 crore, which is 78 per cent higher compared to the previous first half. Last year, the company registered a business of Rs 500 crore.
Sterling Biotech: The National Company Law Appellate Tribunal has granted 30 days more to the promoters of Sterling Biotech to settle dues of creditors, failing which liquidation process of the company will start.
Reliance Capital: Anil Ambani-led Reliance Capital on Tuesday said its shareholding in a wholly-owned subsidiary, Reliance General Insurance Company Limited (RGIC), has been transferred to IDBI Trustee Services. The shareholding has been transferred upon invocation of pledge by the IDBI Trustee Services, Reliance Capital said in a stock exchange filing.