Kotak Bank, Asian Paints, Go Fashion, Dr Reddy’s


Here is the list of the top 10 actions likely to be in the spotlight on Tuesday:

Kotak Mahindra: Private lender Kotak Mahindra Bank said today that Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the bank to 9.99%. While announcing reformed rules on the structure of private sector banks, the RBI said on Friday that equity holdings of non-promoters would continue to be capped at 10% for individuals and non-financial institutions.

Go fashionable: Go Fashion IPO is going to be listed today on both NSE and BSE. According to stock market experts, the public issue worth ??1,013.61 crore can have a magnificent listing today. They said the Go Fashion share price could open to four digits around ??1100 levels per action.

Asian paintings: The company announced on Monday that it would invest ??960 crore to expand the manufacturing capacity of its factory located in Ankleshwar, Gujarat. The company signed a Memorandum of Understanding with the Government of Gujarat to begin the proposed expansion of paint manufacturing capacity from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85 000 MT, Asian Paints said in a regulatory filing. The expansion is to be completed within the next 2-3 years for a total investment of ??About 960 crore on plant and machinery at going prices, he added.

At Dr Reddy: Dr Reddy’s Indian laboratories are in talks with partners to export domestically-made doses of the Russian COVID-19 vaccine, Sputnik, after New Delhi recently approved the shipment of other vaccines, the country said on Monday. company. As the main Indian distributor of Sputnik, sold only in the private market, Dr Reddy’s has struggled to compete with the vaccines the government distributes for free.

Addiction: Indians can now use WhatsApp to shop billionaire Mukesh Ambani’s JioMart through a new ‘type and chat’ option, as Reliance Industries Ltd. defies the dominance of Amazon.com Inc. and Flipkart, owned by Walmart Inc. Shipping is free and there is no minimum order value, according to JioMart users who have received invitations to order WhatsApp purchases with a tutorial and a 90 second catalog. can fill their baskets in the app and pay via JioMart or in cash upon receipt of their order.

Bank of Industry: Senior executives at Bharat Financial Inclusion Ltd (BFIL), a wholly-owned subsidiary of IndusInd Bank, resigned from the company last week, the bank said on Monday. The bank said it has appointed an executive director and another person to oversee the day-to-day operations of the company. BFIL Managing Director and Managing Director Shalabh Saxena and Executive Director and CFO Ashish Damani are expected to join rival microfinance lender Spandana Sphoorty.

Future group: Amazon and a lobby of at least 15,000 small businesses have written to the markets regulator, demanding the revocation of the conditional approval it granted to the ??24,713 crore agreement for Future Group to sell its retail assets to Reliance Industries Ltd. The US e-commerce giant and the Confederation of Indian Micro, Small and Medium Enterprises have written two separate letters to the Securities and Exchange Board of India (Sebi) on the matter.

HAL: Hindustan Aeronautics Ltd (HAL) will manufacture four light utility helicopters (LUH) in limited series by 2022-2023, the central government announced in Rajya Sabha on Monday. Responding to a question, Defense Minister Ajay Bhatt also said the government-owned aerospace giant will build eight more LUHs by 2023-24.

GNP: The state-owned Punjab National Bank (PNB) has announced that it will invest in Open Network for Digital Commerce as a promotional entity by acquiring more than 9% stake in the company, which has not yet been incorporated. Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce, PNB said in a regulatory filing.

Union Bank of India: The Reserve Bank of India imposed a monetary penalty worth ??1 crore on Union Bank of India for not classifying an account as fraud and late disclosure in the annual report. In a press release issued on Monday, the regulator said the bank had been sanctioned for failing to comply with certain provisions of the instructions issued by the RBI contained in “Reserve Bank of India (Fraud – Classification and Reporting by commercial banks and select FIs ) Directions 2016 “and” Guidelines on the sale of live assets by banks.

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