INSUBCONTINENT EXCLUSIVE:
Nifty futures on the Singapore Exchange were trading 88 points, or 0.81 per cent, down at 10,745.50, indicating a weak start for the Nifty50
Asian peers including Hang Seng, Nikkei and Shanghai Composite were also trading in the red in morning trade.
Here's a look at the top
stocks that may hog the limelight in today's session:
NBCC and Jaypee Infratech: State-owned NBCC, Kotak Investment, Singapore-based Cube
Highways and Suraksha group have been shortlisted as bidders for debt-laden Jaypee Infratech, according to a regulatory filing
Jaypee Infratech is undergoing insolvency proceedings in the NCLT.
Power Grid Corporation: The company has bagged a project to set up a
transmission system for evacuating electricity from the 1,320 MW Jawaharpur thermal power project and to construct a substation in Uttar
Pradesh.
Bharat Heavy Electricals Ltd: State-owned power equipment maker BHEL on Wednesday said its share buyback offer worth Rs 1,628 crore
would open on December 13.
Maruti Suzuki: Car prices are set to go up in the New Year with market leader Maruti Suzuki announcing that it
was working on increasing prices across its range of vehicles due to higher commodity costs and adverse foreign exchange movement.
Jet
Airways: India has allowed French airlines to operate flights to 29 destinations across the country through code share with Indian carriers,
up from four at present, a move that will primarily benefit cash-strapped Jet Airways
“Jet Airways and Air India had favoured this expansion from the Indian side and said that they would get passengers from
flights of
French carriers,” said a person aware of the matter, who did not wish to be identified.
Vodafone Idea: The telecom operator said that
conclusion of networks integration will reinforce its Internet of Things (IoT) business by helping the company tap into new areas like
agriculture, leveraging erstwhile Idea Cellular’s strong rural presence
“The company is focusing on NB-IoT (narrowband IoT) technology as it has the potential to drive mass deployment, helping to bring down
cost of devices that is crucial for India,” Nick Gliddon, VIL’s chief enterprise business officer told ET.
Tata Communications: UROS
Group, which focuses on turnkey IoT solutions and smart connectivity, has teamed up with digital infrastructure provider Tata Communications
to support the deployment of IoT and smart city solutions for large commercial and public sector organisations, globally.
Larsen Toubro
(LT): The company on Wednesday said its construction arm has bagged orders worth Rs 2,106 crore across various business segments in the
domestic market.
Tyre stocks: Tyre exports from India have been witnessing robust growth in the last three years and are poised to cross Rs
12000 crore during the current fiscal, industry body Automotive Tyre manufacturers Association (Atma) has said
Infosys: The IT major inaugurated its Technology and Innovation Hub in Hartford
Infosys also announced that it has hired more than 7,000 American workers in the last 18 months as part of its ongoing commitment to
accelerate the pace of digital innovation for American enterprises.
Power Finance Corporation (PFC): The Cabinet will consider the proposal
for PFC acquiring entire government holding in state-owned REC, which will fetch the government around Rs 15,000 crore.
