Indian Express News Feed

Zee Ent, Hindalco, Devyani, Tata Power, Paytm, Wipro, and Other Stocks to Monitor

<p><strong>Stocks To Watch On February 21:</strong> The Nifty rebounded sharply in the last hour of trading on Tuesday, closing at all-time highs and extending its winning run to six sessions in a row. Due to a number of news events, shares of Whirlpool of India, Hindalco, ZEE, Devyani International, and Wipro, among others, will be the subject of attention in today’s trading.</p>
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<p><strong>Wipro:</strong> To provide customers with more AI services and support, Wipro and IBM are expanding their cooperation.</p>
<p><strong>Zee Entertainment:</strong> According to reports, Sebi discovered during its investigation into the Zee founders that over Rs 2,000 crore may have been embezzled from the business. This amount is almost 10 times more than what the investigators had originally calculated.</p>
<p><strong>Hindalco:</strong> The Aditya Birla group’s Hindalco Industries, a fully owned subsidiary of Atlanta-based Novelis Inc., has submitted an initial public offering (IPO) application in the US.</p>
<p>Yum Restaurant India would sell up to 4.4% of Devyani International via block agreements today. Rs 153.50 per share is the floor price.</p>
<p>Signed a five-year contract renewal with Rolls-Royce until 2029 on behalf of TVS Supply Chain Solutions. The relationship is being extended for Rolls-Royce’s Power Systems business unit’s cutting-edge Parts Distribution Centre (PDC) in Singapore, which serves the Asia Pacific region.</p>
<p><strong>Paytm:</strong> In order to move its Bharat Bill Payment System (BBPS) from Paytm Payments Bank (Paytm PB), One97 Communications, the company that runs the Paytm brand, has increased its emphasis on forming relationships with banks.</p>
<p><strong>Reliance, Tata Power:</strong> The government is in negotiations to invest approximately Rs 44,000 crores each in nuclear power, a non-carbon-emitting energy source that provides less than 2% of India’s total electricity generation, with at least five private companies, including Reliance Industries (RIL), Tata Power, Adani Power, and Vedanta.</p>
<p>December quarter net for ABB India increased 13% year over year to Rs 345 crore. Operational revenue increased by 35% to Rs 2,757 crore.</p>
<p>The board of Union Bank of India has approved raising up to Rs 3,000 crore under the QIP method.</p>
<p><strong>HDFC Life:</strong> On Tuesday, the company’s international division, HDFC Life International, announced the introduction of a complete US dollar student health insurance plan for students studying overseas. The plan is called “Global Student Health Care.”</p>
<p><strong>PNB Housing Finance:</strong> Unveiled a limited-time fixed-rate offer for older persons that carries higher interest rates up to 8.3% for a 23-month term. The previous rates were 7.75 percent.</p>