Stocks in the news: Lupin, Bank of Baroda, RIL, Infosys, Canara Bank, PNB

Stocks in the news: Lupin, Bank of Baroda, RIL, Infosys, Canara Bank, PNB

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Domestic stocks look set to open on a negative note on Monday, tracking weak trends in the Asian markets. Increased restrictions in Europe and likely fallout in Brexit negotiations may weigh on stocks. These shares may buzz during the day: Bank of Baroda: State-run Bank of Baroda on Sunday said it has completed integration of 3,898 branches of erstwhile Vijaya Bank and Dena Bank with itself.

ONGC: State-owned Oil and Natural Gas Corporation (ONGC) on Sunday opened India’s eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin.

Reliance Industries: Reliance Industries and its partner BP will get only $4.06 a unit for the new gas they have started to produce from the eastern offshore KG-D6 field even though they have discovered a higher rate in an open market auction, PTI reported quoting sources.

Coal India: Coal supply by state-run CIL to the power sector declined by 5.3 per cent to 277.46 million tonne (MT) in the April-November period of the ongoing fiscal.

Shipping Corporation of India: The government is likely to invite bids for privatising Shipping Corporation of India this week and buyers will have time till mid February to submit EoIs, an official said.

Public sector banks: Public sector banks (PSBs) are planning to raise about Rs 25,000 crore through a mix of equity and debt in the next three months to support credit pick up and meet regulatory requirement.

IOC: Union petroleum minister Dharmendra Pradhan on Saturday inaugurated a lube blending plant of Indian Oil Corporation (IOC) in Kolkata. With an investment of Rs 142 crore, the project generated nearly 72,000 man-days, a statement issued by the oil marketing PSU said.

IDBI Bank: IDBI Bank has raised Rs 1,435 crore through an issue of equity shares to 44 qualified institutional investors, according to a regulatory filing.

Canara Bank: State-run Canara Bank on Saturday said its exposure to Transstroy India Ltd is over Rs 678 crore under a consortium lending arrangement and the borrower was declared as a wilful defaulter earlier in 2018.

ICICI Bank: IIFL Finance on Saturday said its home loan subsidiary has tied up with ICICI Bank to provide affordable housing and MSME loans.

SAIL: SAIL’s steel plants in West Bengal will play a crucial role in achieving the objectives of government’s ‘Mission Purvodaya’, Steel Minister Dharmendra Pradhan said on Friday.

AU Small Finance Bank: Redwood Investments Ltd on Friday sold more than 1 crore shares of AU Small Finance Bank worth over Rs 1,247 crore through an open market transaction.

Infosys: IT services major Infosys on Friday said it has divested one-third of its holding in US-based Whoop for about $10 million (about Rs 73.5 crore).

PNB: State-owned Punjab National Bank (PNB) has raised a little over 54 per cent of the targeted fund mop-up through QIP, which closed on Friday with Rs 3,788.04 crore in the kitty.

Lupin: Drug firm Lupin said it has received approval from the US health regulator to market generic Colesevelam Hydrochloride tablets used for reducing elevated low-density lipoprotein cholesterol.

Credit: Stocks-Markets-Economic Times

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