Stocks in the news: YES Bank, SpiceJet, Thomas Cook, HDFC and Indiabulls Realty
Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead.
YES Bank: The private lender will complete its capital raising process by the end of December and hopes to hit the gas on the growth engines of the bank, CEO Ravneet Gill told ET in an interview.
Thomas Cook: Travel services provider Thomas Cook India said the sale of the company to China's Fosun does not include regions of India, Sri Lanka and Mauritius.
ZEEL: VTB Capital, the investment management arm of Russia-based state-run financial services giant VTB Group, has begun a process to sell 10.71 per cent in Zee Entertainment to recover loan dues.
Indiabulls Real Estate: The company said it has sold its property in London to a promoter group firm for 200 million pounds (about Rs 1,830 crore) as part of its plan to focus on the India business and cut debt.
SpiceJet: Promoter and chief Ajay Singh has pledged around 2.78 per cent shares towards securing a credit facility for the airline.
DHFL: Bankers working on debt resolution at DHFL are likely to reject a revival plan offered earlier by the company after the Centre on Friday ordered a probe into alleged financial irregularities against the stressed financier’s promoters, the Wadhawan family.
HDFC, BEL and IOB: HDFC, IOB, BEL, Godrej Agrovet, Varun Beverages, HSIL, VST Industries, Mahindra Logistics and Care Ratings are among some of the firms that will declare Q2 earnings later in the day.
Bank of India: The bank is is looking to sell 27 per cent in Star Union Dai-ichi Life Insurance Company to raise around Rs 1,200 crore, valuing the company at around Rs 3,800 crore. It is also looking to offload stakes in BSE, NSDL and Equifax to raise a total of Rs 1,800 crore
Berger paints: The company plans to soon acquire the remaining 3.59 per cent stake in STP, taking the total shareholding in the construction chemical company to 95.53 per cent.
Maruti Suzuki: The country's largest car maker Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead as many of the challenges that led to slowdown in the auto industry still exist, a senior company official has said.
MTNL: Telecom Minister Ravi Shankar Prasad has directed BSNL and MTNL to implement VRS guidelines quickly and initiate proactive measures to monetise assets in a time-bound manner, while making it clear that they have to become more aggressive in the telecom market, sources said.
Lemon Tree: Hospitality firm Lemon Tree Hotels is looking to open three more properties under its upscale Aurika Hotels and Resorts brand across the country by the end of 2021.
Unichem Laboratories: The drug firm reported a narrowing of its consolidated net loss to Rs 22.20 crore for the quarter ended September 30, 2019.
Escorts: Engineering and farm equipment maker Escorts reported a consolidated net profit of Rs 101.5 crore for the second quarter ended September 2019.
Manappuram Finance: A committee of board of directors will meet next week to consider raising Rs 200 crore via issue of securities.
JSPL: Jindal Steel and Power Ltd's (JSPL) rail mill at Raigarh is expected to reach its 100 per cent capacity utilisation by the end of this fiscal, a senior company official has said.