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Stocks in News Today

June 7, 2022

NMDC: The country’s largest iron ore miner has made a sharp reduction of Rs 1,100 per tonne in the price of lump ore and Rs 1,000 in case of fines. The prices are effective from June 5, 2022.

Tata Power: The Tata group’s arm has partnered with real estate company Kolte-Patil Developers (KPDL) to set up e-charging stations across its projects in Pune, Mumbai and Bengaluru for convenience of electric vehicle owners.

SBI Cards and Payment Services: The credit and debit card firm said its board has approved a proposal to raise Rs 2,500 crore by issuing non-convertible debentures (NCDs) to fund business growth.

Canara Bank: The state-owned lender has revised their lending rates leading to an increase in EMIs linked to the respective benchmarks.

Max Ventures & Industries: The holding company said it will acquire Accord Hotels and Resorts, which owns a 10-acre land parcel in Noida, for Rs 306 crore.

Angel One: The domestic brokerage firm, formerly Angel Broking, crossed the 10-million customers mark in May, more than doubling its customer base over the past 12 months. In May alone, it added over 0.47 million new customers, taking its overall customer base to 10.10 million.

IRB Infrastructure Developers: The construction firm said it has offered Vadodara Kim Expressway, being developed under Hybrid Annuity Model (HAM), to IRB InvIT Fund.

HLE Glascoat: The industrial equipment company informed exchanges that the board has approved sub-division of existing one equity share of face value Rs 10 each, into fully paid up into five equity shares of Rs 2 each, and also fund raising up to Rs 350 crore.

Future Retail: The National Company Law Tribunal (NCLT) will hear Amazon’s petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail on June 10.