Stocks in the news: Wipro, Canara Bank, Vedanta, Voltas, L&T and CESC

Nifty futures on the Singapore Exchange traded 55.5 points, or 0.33 per cent higher at 16,675, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

Larsen & Toubro: National Investment and Infrastructure Fund (NIIF) is in advanced negotiations with

(L&T) to invest up to Rs 4,000 crore in Hyderabad Metro, as the conglomerate looks to focus on its core engineering activities and deleverage the balance sheet.

Canara Bank: Veteran investor Rakesh Jhunhunwala has picked up 1.59 per cent stake in Canara Bank worth Rs 407 crore according to Tuesday’s closing price.

Wipro: The IT major said it will open a new delivery centre in Sherwood, Arkansas, and expects to hire up to 400 people in the next two years in the US state.

HDFC Bank, : The largest private lender has divested more than 2 per cent stake in Central Depository Services (India) Ltd (CDSL) in tranches during June-August this year, garnering nearly Rs 223 crore from the sale.

Vedanta: Moody’s Investors Service has upgraded

NSE 4.54 % Resources’ senior unsecured notes to B3 rating from Caa1 and has changed its outlook to ‘stable’ from ‘negative’ on the back of improving operating and financial metrics and also on account of firm commodity prices.

The Tata group’s cooling products maker Voltas on Tuesday said it has launched an exclusive online Web Store Voltas Lounge to cater to its online buyers. Its website,, would be a one-stop solution for customers looking to buy Voltas or Voltas Beko products online, the Tata group firm said in a statement.

PFC, NHPC: The state-owned Power Finance Corporation (

) said it has signed a pact with NHPC Ltd to lend funds for the development of hydro projects. NHPC is engaged in the development of hydropower in India and has also diversified into solar and wind power.

Bank of India: The state owned lender is planning to raise Rs 3,000 crore equity capital through a qualified institutional placement (QIP) offer to fuel business growth and meet regulatory compliance, sources said.

CESC: The electric utility player has informed the bourses that the board of directors of the Company has fixed Monday, September 20, 2021 as the Record Date for determining the eligibility of Shareholders with regard to the sub-division of each equity. The stock with face value of Rs 10 will be split in 1:10, with each share of a face value of Re 1.

Tata Power: A 100 per cent subsidiary of the Tata Group’s energy producer, Tata Power Renewable Energy Limited (TPREL), has announced commissioning of 150 MW Solar Power project in Village Loharki, Rajasthan.

Karnataka Bank: The private lender has clarified about new reports on its plan to raise Rs 6,000 crore through Debt. In its regulatory filing, the Bank said that “We request you to note that the Bank has disseminated the notice of annual general meeting wherein the resolution no.11 seeks approval of the shareholders.

Gillette India:
The personal products maker has announced a dividend of Rs 36 per equity shares for the financial year ended on June 30, 2021. The divided shall be paid between November 27, 2021 to December 17, 2021, on approval of the members at the annual general meeting.

REITs, InvITs:
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the NSE.

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