DCB Bank, Nestlé, Future Retail, KEC International, SBI

NEW DELHI: Top 10 stocks that could be in the news today.

DCB Bank Ltd: The private sector lender announced that it had acquired a minority interest of approximately 9% in the non-bank financier Techfino Capital Pvt Ltd (TCPL) for an undisclosed amount.

Nestlé India: Packaged food company Nestlé India reported a 14.65% increase in quarterly net profit in March to 602 million, slightly ahead of Street estimates, as the company reported a double-digit increase in domestic sales, and key brands reported strong growth, helped by domestic consumption.

The future of retail: Future Retail Ltd lenders intend to withdraw the lighter payment options offered to the company as part of a debt reform plan approved last week if it is 24,713 million asset sales to the Reliance group have passed, said a banker aware of the issue.

Gland Pharma: The shares of Gland Pharma, a specialist manufacturer of niche injections, were on fire, with the company’s prospects gaining momentum following the approval of the Sputnik V vaccine amid a rapid increase in vaccinations across the country.

Rossari Biotech Ltd: The board of directors of the company approved the allocation of 30,112,046 shares at a price of 996 piece aggregated at 2.99 million on a preferential basis over several non-promoter entities.

KEC International: The engineering, supply and construction company has secured new orders 1,245 million from its various companies, said in a regulatory document.

GE Power India Ltd: The company completed the acquisition of 50% of the issued and paid-in share capital of NTPC GE Power Services Pvt. Ltd, said in a regulatory record.

Indiabulls Housing Finance Ltd: The non-bank lender said it has entered into a strategic co-lending partnership with Homeowners Financing HDFC Ltd to provide home loans to homebuyers at competitive prices.

Hero MotoCorp Ltd: The two-wheeled manufacturer has decided to stop production of vehicles at its factories between April 22 and May 1, due to the increase in Covid-19 cases across the country. The company also collaborated with Gogoro Inc. to accelerate the transition to electric mobility in India.

State Bank of India: The creditor stated in a regulatory case that IRDAI imposed a penalty of 25 lakh for SBI General lnsurance Co. Ltd for non-compliance with the minimum obligations under the breach of Sec. 32D of the Law on Insurance, 1g38.

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