Stocks to keep an eye on include Airtel, RIL, M&M, Nazara Tech, IDBI Bank, and Burger King.

Nifty futures were trading 88.50 points higher at 16,813.50 on the Singapore Exchange, indicating that the benchmark indices were off to a strong start.

The following are the top stocks to watch in today’s trading session:

According to a filing with the Securities and Exchange Commission, Bharti Airtel’s board of directors approved a Rs 21,000 crore rights issue at Rs 535 per share on Sunday. According to the record date, one equity share is issued for every fourteen equity shares held by shareholders eligible to receive rights.

The government plans to sell Reliance Industries (RIL) shares held by the Specified Undertaking of the Unit Trust of India (SUUTI) and will soon appoint an intermediary to manage it. The government intends to sell approximately 8 lakh shares of RIL, which will generate approximately Rs 180 crore.

Gregg Saretsky has been appointed as a special advisor to IndiGo, where he will work closely with the airline’s executive leadership team to accelerate operational and commercial improvement opportunities. Saretsky was appointed as a non-executive director to the board of InterGlobe Aviation, IndiGo’s parent company, in October of last year.

TATA Steel to invest Rs. 8,000 crores

According to T V Narendran, CEO and Managing Director, Tata Steel plans to invest Rs 8,000 crore in its India operations in the current fiscal year. According to him, the funds will be used primarily in fiscal year 2022 to complete the expansion of the Kalinganagar plant, as well as to expand mining operations and the recycling business.

Kishore Biyani’s Future Retail filed an appeal with the Supreme Court after the Delhi High Court ordered it to suspend its Rs 24,713 crore deal with Reliance Retail, arguing that the order of the Singapore-based Emergency Arbitrator should be enforced.

The term of UCO Bank’s MD and CEO, Atul Kumar Goel, has been extended by two years. Nazara Technologies paid Rs 186.41 crore for Hyderabad-based OpenPlay. According to an announcement by Nazara’s Board of Directors, the company has approved the acquisition of OpenPlay Technologies from its existing shareholders, Sreeram Reddy Vanga and Unnati Management Consultants, in one or more tranches for Rs 186.41 crore.


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