Indian benchmark indices closed with modest gains on Thursday after the US Fed cut interest rates by 50 basis points. The BSE Sensex rose 236.57 points (0.29%) to end at 83,184.80, while the NSE Nifty50 gained 38.25 points (0.15%) to close at 25,415.80. Here are the stocks expected to remain in the spotlight today:
NTPC
NTPC has received board approval for an investment of ₹11,130.98 crore in the Darlipali Super Thermal Power Project, Stage-II (1x800 MW), and ₹9,790.87 crore in the Sipat Super Thermal Power Project, Stage-III (1x800 MW).
Axis Bank
SEBI has restrained Axis Capital, a subsidiary of Axis Bank, from undertaking new assignments as a merchant banker, arranger, or underwriter for any issue of securities in the debt segment. Axis Capital has 21 days to respond to SEBI's observations.
Infosys
Infosys has agreed to invest ₹17 crore in SpaceTech startup GalaxEye Space Solutions through its Infosys Innovation Fund.
Tata Power
Tata Power and Singapore-based Indonesian mining company Adaro International are seeking compensation from each other over a coal supply agreement dispute. Adaro has claimed $106 million, while Tata Power has counterclaimed $229.947 million.
IDFC First Bank
The Reserve Bank of India has approved the re-appointment of V Vaidyanathan as Managing Director and Chief Executive Officer of IDFC First Bank for three years, effective from December 19, 2024.
The Phoenix Mills
Casper Realty, a subsidiary of The Phoenix Mills, has been declared the highest bidder for two city-centric plots in Mohali, Punjab, with a combined bid value of approximately ₹891 crore.
Prestige Estates Projects
Prestige Estates has issued corporate guarantees of ₹545 crore to secure credit facilities for Techzone Technologies and Thomsun Realtors.
AU Small Finance Bank
AU Small Finance Bank has partnered with Niva Bupa Health Insurance Company to offer health insurance products to its customers.
Indian Overseas Bank
Indian Overseas Bank will receive a refund of ₹123.9 crore from the Income Tax Department for the Assessment Year 2021-22.
Reliance Infrastructure
Reliance Infrastructure's board has approved issuing up to 12.56 crore equity shares or warrants convertible into equity shares at ₹240 per share through preferential allotment, raising up to ₹3,000 crore via equity shares to qualified institutional buyers.
Geojit Financial Services
Geojit Financial Services' board has approved a rights issue at ₹50 per share, with a rights entitlement ratio of one equity share for every six equity shares held by eligible shareholders. The company had earlier approved a ₹200 crore rights issue in July.
Rane Holdings
Rane Holdings has acquired the remaining 51% stake in its joint venture, Rane NSK Steering Systems (RNSS), from NSK Ltd, Japan. RNSS will now be a wholly-owned subsidiary, renamed Rane Steering Systems.
IIFL Finance
The Reserve Bank of India has lifted restrictions on IIFL Finance’s gold loan business, allowing the company to resume various gold loan operations.
Sandur Manganese and Iron Ores
The Karnataka State Pollution Control Board has granted Consent for Operation for Sandur Manganese and Iron Ores' manganese and iron ore mines, enhancing manganese ore production from 0.43 MTPA to 0.55 MTPA.