Stocks to Watch: TCS, NDTV, IEX, Adani Power, IDFC, ONGC | Rare Techy

Tata Consulting Services: IT major Tata Consultancy Services on Wednesday said that it has bagged a deal from Rail Delivery Group to design, develop, implement, and operate the UK’s Rail Data Marketplace. The contract between TCS and RDG (Rail Data Marketplace) is for a period of six years with the possibility of extension. “Built on TCS Dexam, the Rail Data Marketplace can not only provide data related to the railway industry but can also present important face-to-face data sources for passengers and operators and help improve the experience for users.

HDTV: After taking over RRPR Holdings, the promoter company of NDTV holds 29.18% equity in the broadcaster, Adani Group through its subsidiary Vishvapradhan Commercial Pvt. Ltd (VCPL) may push to nominate its directors on the NDTV board. And although the open offer did not attract investor interest for the second live session on Wednesday, Adani Group has become NDTV’s largest single shareholder, taking a step closer to seizing control of the company, the founders of the proxy advisory firm said. .

Daya Adani: Deadline to complete ₹7,017 crore deal to buy thermal power assets of DB Power Ltd. has been extended by one month, until December 31, 2022, according to a statement from Adani Power on Monday. The company had previously pushed back the deadline for completion by a month, to November 30, 2022. “The parties to the proposed transaction have agreed to further extend the long stop date to December 31, 2022, to achieve closure/completion,” a BSE filing said. .

Indian Energy Exchange: The Indian Energy Exchange (IEX) is ready to seek shareholders’ approval through postal ballots to buy back shares for up to ₹98 crore, news agency PTI reported on November 30. At its meeting on November 25, the board of directors approved a cash offer to buy back equity shares at par value ₹1 each with a maximum price ₹200 per share for an aggregate amount of up to ₹98 in.

ONGC / Reliance: Kirit Parikh’s committee on gas prices on Wednesday submitted its report to the petroleum ministry. The panel has recommended a floor price of $4 per million British thermal units and a cap or ceiling price of $6.5 per mmBtu for gas from old or legacy fields. State-run ONGC and OIL mainly operate legacy fields in the country. The panel also recommended that domestic gas prices should be linked to international prices. It has proposed to remove the price cap in the next 3 years.

HDFC: Markets regulator Sebi has approved the acquisition of IDFC Asset Management Company Limited (IDFC AMC) by a consortium comprising Bandhan Financial Holdings Limited, GIC and ChrysCapital. In a release on Wednesday, IDFC AMC said the proposed deal has been cleared by Sebi. Last month, the Reserve Bank of India (RBI) approved the deal and the Competition Commission of India (CCI) gave its clearance in August.

Manali Petrochemical: Manali Petrochemicals Ltd, an integrated producer of polyols, has ‘closed the acquisition’ of Penn Globe Ltd which is based in Great Britain, the market leader in foam control agents, for an enterprise value of GBP 21 million, said the company in the city center on. Wednesday The “entire” acquisition was transacted through AMCHEM Specialty Chemicals Private Limited, Singapore, the company said in a statement.

Tamil Nadu Mercantile Bank: Private lender Tamilnad Mercantile Bank (TMB) on Wednesday said it has been authorized by the Reserve Bank of India to conduct government business on behalf of the banking regulator. An agreement in this connection was signed by the bank with the RBI in Mumbai to appoint TMB as an ‘agency bank’ of the RBI to conduct the business of government institutions.

Gateway Distriparks: Sukabumi-based logistics firm, Gateway Distriparks, said it will start export-import (EXIM) and domestic container train services at ICD Kashipur from December 4, 2022. The company operates a fleet of 31 rakes and will run services between ICD Kashipur and maritime. ports of Mundra, Pipavav and Nhava Sheva. “The acquisition of ICD Kashipur remains in progress and is expected to be completed by the end of December 2022,” the company said.

Zomato: Alipay Singapore, an arm of Alibaba Group Holding Ltd, is selling a 3.07% stake in online food delivery giant Zomato for ₹1,631 crore via open market transactions on Wednesday. Alipay Singapore Holding Pte offloaded around 26,28,73,507 shares, aggregating to 3.07% stake in the company, according to bulk deal data available with the National Stock Exchange (NSE).