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Stocks in the news: Vodafone Idea, RIL, Cadila Healthcare, PNB Housing and Voltas

Google is said to be exploring taking a minority stake in British telecom group Vodafone’s struggling India business.

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Last Updated: May 29, 2020, 12.31 PM IST
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Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries digital unit Jio platform
Nifty futures on the Singapore Exchange traded 91.50 points, or 0.96 per cent lower at 9,396.50 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks, which may buzz the most in today's trade:

Vodafone Idea: Google is said to be exploring taking a minority stake in British telecom group Vodafone’s struggling India business.

Reliance Industries: Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries digital unit Jio platforms, according to reports.

PNB Housing Finance: The HFC taken possession of about 19 acres and 138 unsold units of a Gurgaon-based project owned by Vipul LtdNSE following a default by the developer on a Rs 377 crore loan.

Voltas, Dilip Buildcon, Equitas: 3M India, Dilip Buildcon, Equitas, Everest Industries, Jagran Prakashan, Jubilant Life Sciences, KEC, Lemon Tree, Shipping Corporation of India, RCF, V-Mart and Voltas are slated to announce their financial results on Friday.

Karnataka Bank, Bank of India: RBI on Thursday imposed a penalty of Rs 5 crore on Bank of India for non-compliance with central bank's Income Recognition and Asset Classification norms. However, it charged Rs 1.20 crore from Karnataka Bank.

Pharma players: The government removed restrictions on the export of paracetamol APIs (active pharmaceutical ingredients).

Cadila Healthcare: The drug firm said its manufacturing facility at Baddi in Himachal Pradesh has received an establishment inspection report (EIR) from the US health regulator with no action indicated classification.

Ceat: Tyre maker Ceat reported a 19.58 per cent decline in consolidated net profit at Rs 51.72 crore for the fourth quarter ended March 31, 2020. It had posted a net profit of Rs 64.32 crore in January-March quarter a year ago.

Balkrishna Industries: Off-highway tyre manufacturer Balkrishna Industries Ltd (BKT) said its sales volume, revenue and profitability are likely to be impacted in the June quarter of the current financial year due to the closure of operations in April due to the nationwide lockdown.

HeidelbergCement India: The company posted 8.85 per cent rise in profit at Rs 66.29 crore for the fourth quarter ended March 2020 helped by cost optimisation efforts. The company had a net profit of Rs 60.90 crore in January -March a year ago, HeidelbergCement India said in a BSE filing.

NHPC: State-run hydro power giant NHPC on Thursday said its board has approved the proposal to foray into solar power business. NHPC is mainly into hydro power generation.

Sun Pharma, SPARC: Sun Pharmaceutical Industries and Sun Pharma Advanced Research Company (SPARC) said they have entered into a worldwide licensing pact for development and commercialisation of a novel molecule which can be used for potential treatment of atopic dermatitis, psoriasis and other auto-immune disorders.

Dollar Industries: Hosiery major Dollar Industries remained optimistic to register a growth of 8-10 per cent in revenue in the current fiscal, notwithstanding the slowdown in the economy in the wake of the coronavirus outbreak, an official said on Thursday.

Bulk deals: Among the key bulk deals on Thursday, YES Bank sold 1 crore shares of Reliance Naval. On the other hand, investor Satpal Khattar offloaded more than 40 lakh shares of Sequent Scientific in the open market. He had over 1 per cent stake in more than 15 companies as of March 31.


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