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    Stocks in the news: Asian Paints, ZEEL, Axis Bank, L&T, Airtel and Piramal Enterprises

    Synopsis

    RBL Bank, SBI Life Insurance and AU Small Finance Bank will report their quarterly earnings today.

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    Allcargo said it has acquired about 13 per cent stake in express distribution and supply chain solutions provider Gati.

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    NEW DELHI: Nifty futures on the Singapore Exchange traded 21.50 points, or 0.18 per cent, higher at 12,212.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

    Asian Paints, , L&T: Alembic Pharma, CEAT, Ujjivan Small Finance Bank, Asian Paints, Axis Bank, L&T, CreditAccess Grameen, , SBI Life Insurance and AU Small Finance Bank will report their quarterly earnings today.

    Zee Entertainment: Media and entertainment firm Zee Entertainment Enterprises reported a 38 per cent fall in its consolidated net profit for October-December quarter at Rs 348.60 crore, mainly on account of decline in advertising revenue.

    Bharti Airtel: The Department of Telecom (DoT) has approved Bharti Airtel's proposal to approve up to 100 per cent foreign direct investment (FDI) in Bharti Airtel from the 49 per cent allowed earlier .

    Allcargo Logistics, Gati: The company said it has acquired about 13 per cent stake in express distribution and supply chain solutions provider Gati.

    Piramal Enterprises: The company has raised Rs 3,650 crore through a rights issue, priced at Rs 1,300 apiece.

    Reliance Power: The company said one of its lenders Axis Bank has initiated insolvency process against its subsidiary Vidarbha Industries Power Ltd for a claim of Rs 553.28 crore.

    Tejas Networks: Domestic telecom gear maker Tejas Networks posted a consolidated loss of Rs 112.06 crore in the third quarter ended December 31, mainly on account of dip in sales.

    Usha Martin: The company said it filed an appeal with the Appellant Tribunal against an order related to ED attaching Rs 190 crore worth of immovable assets of its wire ropes business at Ranchi.

    Reliance Capital: The company appointed Dhananjay Tiwari as its chief executive officer.Tiwari has been appointed as an additional director of the company to hold office till the conclusion of the ensuing annual general meeting, the company said in a regulatory filing.

    HDFC Asset Management Company: The company reported a 45 per cent jump in profit after tax (PAT) at Rs 352.5 crore for the three months ended December 31, 2019.

    ICICI Prudential Life Insurance: The company posted marginal growth in profit in the third quarter ended December 2019 but key performance metrics did well

    Havells India: Consumer electrical goods maker Havells India posted 2.81 per cent increase in its consolidated net profit at Rs 201.22 crore for the quarter ended December 31, 2019.

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