{"id":124661,"date":"2019-06-26T10:50:42","date_gmt":"2019-06-26T10:50:42","guid":{"rendered":"https:\/\/www.bnreport.com\/stocks-in-the-news-dhfl-ifci-icici-lombard-sbi-life-ntpc-and-bharti-airtel\/"},"modified":"2019-06-26T10:50:42","modified_gmt":"2019-06-26T10:50:42","slug":"stocks-in-the-news-dhfl-ifci-icici-lombard-sbi-life-ntpc-and-bharti-airtel","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/stocks-in-the-news-dhfl-ifci-icici-lombard-sbi-life-ntpc-and-bharti-airtel\/","title":{"rendered":"Stocks in the news: DHFL, IFCI, ICICI Lombard, SBI Life, NTPC and Bharti Airtel"},"content":{"rendered":"

NEW DELHI: Nifty futures on the Singapore Exchange were trading 20 points, or 0.17 per cent, lower at 11,772.50, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in todays trade:<\/p>\n

Bharti Airtel: <\/strong>The telecom major has prepaid over Rs 22,000 crore of rupee-denominated domestic loans to multiple banks using a majority of the carriers Rs 25,000-crore rights issue proceeds, people familiar with the matter said.<\/p>\n

ICICI Lombard:<\/strong> American private equity firm Warburg Pincus on Tuesday sold 3.15 per cent stake in insurance company ICICI Lombard General Insurance to raise about Rs 1,577 crore, according to NSE data.<\/p>\n

SBI Life:<\/strong> Shares of SBI Life Insurance will be available at Rs 670 apiece to retail investors on Wednesday through an offer-for-sale, lower than their IPO price of Rs 700 per share two years ago. But analysts are not bullish on the stock in the near term.<\/p>\n

Dewan Housing Finance:<\/strong> DHFL managed to meet just 40 per cent of its Rs 375-crore repayment commitment toward commercial papers, highlighting the cash-flow stress at the embattled mortgage lender that is selling assets to repay debt.<\/p>\n

Dr Reddy's, Torrent and Aurobindo Pharma:<\/strong> Novartis has won a US federal court order preventing rival generic makers Dr Reddy's Laboratories, Mylan Pharmaceuticals, Torrent Pharma and Aurobindo Pharma, among others, from making or selling a Gilenya copy in the United States, at least until a patent dispute is resolved.<\/p>\n

Adani Power:<\/strong> The company said it will acquire GMR Chhattisgarh Energy Ltd (GCEL) as the consortium of lenders has approved its resolution plan.<\/p>\n

Asian Paints:<\/strong> State-owned LIC has sold over 1.92 crore shares, representing about 2 per cent stake of Asian Paints<\/a>, through open market transaction.<\/p>\n

IFCI:<\/strong> Long-term infrastructure term lender IFCI will exit the National Stock Exchange (NSE) by selling the remaining stake of over 2 per cent in the bourse.<\/p>\n

Reliance Power:<\/strong> The company said ICRA has revised ratings of its wholly-owned subsidiary Sasan Power Ltd citing deterioration in financial risk profile of the group. The company, however, strongly disagreed with the ratings assigned.<\/p>\n

Persistent Systems:<\/strong> The IT firm said its German subsidiary will acquire Youperience GmbH for up to 6.8 million euros (about Rs 53.6 crore).<\/p>\n

TV Today Network:<\/strong> HDFC Mutual Fund has increased its holding in media firm TV Today Network by 2.14 per cent stake through open market transaction.<\/p>\n

Nestle India:<\/strong> FMCG major Nestle has introduced MAGGI Fusian, a range of Asian flavor inspired noodles, to cater to evolving consumer preferences.<\/p>\n

Orchid Pharma:<\/strong> NCLT has approved Gurgaon-based Dhanuka Laboratories Rs 1,116-crore resolution plan to take over debt-ridden Orchid Pharma in what could be termed as yet another case resolved under the Insolvency and Bankruptcy Code (IBC).<\/p>\n

Reliance Industries:<\/strong> The second largest company by market value is set to raise $1.85 billion Read More \u2013 Source<\/strong><\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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