Stocks to Watch: Paytm, Adani Transmission, Hero MotoCorp, Coal India, ONGC | Rare Techy

One97 Communication: Reserve Bank of India(RBI) has asked Paytm Payments Services Limited to resubmit its application to operate as a payment aggregator. Banking regulator pauses online merchant onboarding by Paytm Payments Services. One97 Communications had proposed to transfer the payment aggregator services business it was doing to Paytm Payments Services (PPSL) in December 2020 to comply with RBI’s payment aggregator (PA) guidelines but the banking regulator had rejected the application.

Adani Transmission: Adani Group companies are seeking licenses to expand their power distribution business to more areas of Mumbai, including the country’s largest container port JNPT. In an advertisement published in several newspapers in the city on Saturday, Adani Electricity Navi Mumbai (AENM) said it has approached the Maharashtra Electricity Regulatory Commission (MERC) for a distribution license in several pockets of the Mumbai Metropolitan Region and its registered parent Adani. Delivery.

Hero of MotoCorp: Hero MotoCorp has announced that it will hike the prices of its motorcycles and scooters soon. The price hike will vary by model and specific market and will be effective from December 1, 2022. As announced by the company, the product will see a price hike up to ₹1,500. This will be the fourth time Hero Motorcycles will get a price hike. The last price increase was announced in September this year. the price increased to ₹1,000 then.

Coal India: Coal India Limited on Friday said it has clocked 400 million tonnes of coal production the fastest for a fiscal year in the company’s history. It is expected that coal production will increase further in the coming months until it reaches its target of 700 MT in FY23. Last year, Coal India had produced 342 MT on November 24 and had achieved a record time output of 400 MTs, 31 days earlier compared to December 25. This year, the same production quantum was achieved 31 days ahead compared to last year.

ONGC: The government-appointed gas price review panel, headed by Kirit Parikh, is likely to recommend a price cap for natural gas produced from the state-owned company’s legacy fields to help moderate CNG and pipeline cooking gas rates while keeping the pricing formula for difficult fields. not change. The panel, tasked with recommending “fair prices for end consumers” while ensuring “a market-oriented, transparent and credible pricing regime for India’s long-term vision of ensuring a gas-based economy”, may choose to recommend. two different price regimes, officials said.

TIL Ltd: Heavy equipment manufacturer TIL on Sunday announced that it has decided to bring in a strategic investor – Indocrest Defense Solutions, which is part of the Gainwell Group – to increase authorized capital into its business. According to a statement shared with the stock exchange by TIL, the quantum of funds to be invested by Gainwell Group was not mentioned.

Muthoot Finance: Muthoot Finance Ltd has announced the 29th series of public issue of non-convertible debentures (NCDs). The face value of each NCD is ₹1,000. The issue will open on November 28 and will close on December 19. However, there will be an option to close the issue at an earlier date or at an extended date, as decided by the board of directors or the NCD committee.

Gateway Distriparks: Integrated inter-modal logistics operator Gateway Distriparks has plans to invest at least ₹500 crore by fiscal year 2025 to fuel its growth plans, including vertical rail expansion, among others. With the greenfield land container depot in Jaipur and the acquisition of the ICD terminal in Kashipur, which is expected to be completed in the next few months, GDL is looking to add a total of five ICDs by FY25, company chairman and Managing Director Prem Kishan said. Dass Gupta has said.

L&T Finance: L&T Finance Holdings Limited announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited. Have (i) received approx. ₹3,484 crores as consideration for sale; and (ii) also realized a cash balance surplus of approx. ₹764 crores in L&T Investment Management Limited, the asset manager for L&T Mutual Fund (LTIML) according to definitive documents.

Pipe of Venus: BNP Paribas Arbitrage on Friday bought 6.5 lakh shares of Venus Pipes & Tubes for ₹42 crore through open market transactions. According to the block deal data available with BSE, BNP Paribas Arbitrage purchased 6,50,000 shares, amounting to a 3.2 percent stake in the company. The shares are acquired at the average price ₹650 each, take the value of the transaction to ₹42.25 crore.