The main benchmark indices are likely to start the day cautiously given the underlying nervousness in our markets. At 8:00 a.m., the SGX Nifty November futures were trading at 17,874 from Wednesday’s Nifty spot close of 17,899. Meanwhile, here are the top stocks to focus on in trading today. Two new listings: Paytm and Sapphire Foods will debut on the stock exchanges today. Paytm’s trading debut is not expected to be as big a hit as its startup counterparts Nykaa and Zomato. Gray market activity suggests the stock may trade closer to or even fall below its issue price of Rs 2,150 per share. Read More Steel and oil and gas companies. READ MORE ITC: Plans to Outsource and List its Wholly-owned Software Services Business – ITC Infotech – in the coming months with a valuation of Rs 20,000-25,000 crore. HCL Technologies: Named a Leader in IDC MarketScape – Worldwide Managed Multicloud Services 2021 Vendor Assessment. According to the report, through its portfolio of cloud services, HCL can help companies migrate and modernize corporate structures, processes and IT environments for operation in a cloud model. Key building blocks include HCL’s end-to-end portfolio of managed multi-cloud services from transformation to operations, the ecosystem operating model, industry-based solutions and automation, frameworks and accelerators. Zomato: Has completed the closure of its UK branch, Zomato UK. The grocer is reportedly in talks to invest up to $ 500 million in Grofers. Infosys: Makes New Investments to Prepare American Workforce for Tomorrow’s Opportunities. The company is committed to providing 500 Salesforce technology job seekers with entry-level digital careers by 2022. In addition, in collaboration with Bloomberg Media, it has launched a new “Bloomberg Digital Economy Index” that creates unique data and AI-powered content for business leaders. Phoenix Mills: Canada Pension Plan Investment Board (CPPIB) has completed its first tranche of Rs 787 billion investment in the subsidiary of Plutocrat Commercial Real Estate Private Limited (PCREPL) on a private placement and share purchase basis. Under the agreement, CPPIB has committed to investing Rs.1,350 billion in the company. PNB Home Finance: The Securities Appellate Tribunal (SAT) has allowed the home finance company to withdraw its Rs.4,000 billion appeal related to the Carlyle Deal. KPI Global Infrastructure: Received a new contract to execute a 1.80 MWdc solar power project from Shabnam Petrofils Private Limited, Surat, in the company’s Captive Power Producer (CPP) segment. Camlin Fine Sciences: Board of Directors approves further acquisition of up to 35 percent of the shares in the subsidiary Dresen Quimica SAPI DE CV (“Dresen”) from its joint venture partner Controladora De Servicios Riso SAPI de CV through its newly established wholly-owned subsidiary in Mexico namely, CFS de Mexico Blends, SAPI DE CV (CFS Blends) for consideration of $ 8.50 million. The company (together with CFS Blends) now holds 98.50 percent of the shares in Dresen. Panchsheel Organics: The Management Board has set December 3, 2021 as the record date to determine the entitlement of the entitled shareholders to issue bonus shares at a ratio of 1: 1. F&O banned stocks: BHEL, Indiabulls Housing Finance, IRCTC, National Aluminum (Nalco), SAIL and Sun Tv are now F&O banned. Dear Readers, Business Standard has always endeavored to provide up-to-date information and commentary on developments that are of interest to you and have far-reaching political and economic implications for the country and the world. Your encouragement and constant feedback to improve our offering has only strengthened our determination and commitment to these ideals. Even in these troubled times resulting from Covid-19, we continue to strive to keep you updated with credible news, authoritative views, and concise comments on current affairs. However, we have a request. In the fight against the economic effects of the pandemic, we need your support even more so that we can continue to offer you high-quality content. Our subscription model has had an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve our goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are dedicated. Support quality journalism and subscribe to Business Standard. Digital editor
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