Action is seen on the shares of the stock companies of the listed companies of the stock market or the decisions taken by the government. Some companies announce their decisions after market close and some companies make their decisions public during market hours. Sometimes such information about companies is also filtered from other sources, which has a favorable or unfavorable effect on their stocks. Keeping this in mind, we provide daily information about such stocks or companies in the form of Buzzing Stocks for the investors, which will be in the headlines or focus during the market today due to some reason.
IL&FS Transportation Networks | The company has entered into a Share Purchase Agreement (SPA) with Axis Trustee Services (as a trustee of Roadstar Infra Investment Trust and others) for sale of 100% stake in subsidiary Sikar Bikaner Highway. The total sales are of Rs 375.5 crore which will be received in the form of units of the trust.
One 97 Communications (Paytm) | Munish Ravinder Verma has resigned as a non-executive, non-independent director of the company due to personal commitments and other ex-occupations.
Infibeam Avenues | The Board has approved the appointment of Sunil Bhagat as the Chief Financial Officer of the company in place of Hiren Padhya.
Zomato | The food delivery giant has bought a 16.66 per cent stake in Mukund Foods Pvt Ltd, a food robotics company, for $5 million in cash. The board also approved the grant of loans to Grofers India up to $150 million in one or more installments.
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EKI Energy Services | The firm is in final rounds of discussions with some European oil and gas majors to supply free improved cookstoves to rural country homes to reduce their carbon footprint and generate carbon offsets.
Infosys | On April 13, the board will consider the financial statements and dividends for the period ended March 2022.
Dhampur Sugar Mills | The board will consider the payment of interim dividend for the financial year 2021-22 on March 21. The record date for interim dividend will be March 31.
Shyam Metals and Energy | The company announced an expenditure of Rs 990 crore to increase the capacity to 2.85 MTPA. This capital expenditure will be in addition to the existing expenditure of Rs 3,000 crore.
Genus Paper & Boards | The company has successfully commenced production of Duplex Paper from a production line at the new facility in Muzaffarnagar, Uttar Pradesh. The Muzaffarnagar unit has manufacturing facilities for production of kraft paper and duplex paper.
Ducon Infratechnologies | The board will review the proposal to convert the non-core business into a proposed separate wholly owned new subsidiary on March 22.
ITC | The company has bought 1,040 compulsorily convertible preference shares of Rs 10 each in Mother Sparsh Baby Care. With this, its stake in Mother Sparsh has gone up to 16 percent.
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