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Dish TV India Ltd. recorded the resignation of Executive Director Rajeev Kumar Dalmia from the Board of Directors of the company and the committee.
Subsequently, the board has appointed three independent directors of the company with effect from Dec. 6, 2022.
The appointment of Sunil Kumar Gupta, Madan Mohanlal Verma and Gaurav Gupta shall be placed before the shareholders for their approval in terms of extant provisions.
Source: Exchange Filings
Vodafone Idea Ltd. shareholders have approved the issuance of shares worth Rs 1,600 crore to ATC Telecom Infrastructure Pvt. on a preferential basis, according to a regulatory filing.
This will enable Vodafone Idea Ltd. to clear their pending dues to ATC Telecom Infrastructure Pvt. by converting the amount into equity, if the amount remains unpaid in 18 months.
As many as 99.99% shareholders voted in favour of the "special resolution for issue of securities on a preferential basis" to ATC Telecom Infrastructure Pvt. at the Extraordinary General Meeting held on Nov. 21, 2022.
The stock was down 2.45%, as of 2:56 pm in trade on Tuesday. The trading volumes were two times the 30-day average.
Of the 21 analysts tracking the company, five suggest to 'hold' the stock and 16 recommend 'sell'. The return potential of the stock implies a downside of of 23.4% over the next 12 months.
Source: Bloomberg, Exchange Filings
Maruti Suzuki will recall 9,125 vehicles manufactured between November 2 and 28 on a suspected defect in a seat belt component.
Affected models are Ciaz, Brezza, Ertiga, XL6 and Grand Vitara.
Company to recall the suspected vehicles for inspection and replacement of the faulty part, free of cost.
Source: Exchange filing
SEBI has approved the IPO plans of Ahmedabad-based Concord Biotech. The issue will be a pure offer-for-sale.
IPO plans of Manoj Vaibhav Gems n Jewellers have also been approved. The issue will be a combination of offer-for-sale and fresh issue of shares.
Source: SEBI
The Indian benchmark indices, S&P BSE Sensex and NSE Nifty 50 remained muted in trade after opening lower following the mixed global cues.
As of 12:18 pm, NSE Nifty 50 was trading 0.51% lower at 18,606.40 points and S&P BSE Sensex was down 0.52% at 62,510.60.
Among Nifty 50 stocks, 11 stocks and 39 stocks declined.
Adani Enterprises Ltd., Hindustan Unilever Ltd., Bajaj Finance Ltd., Britannia and Bajaj Auto Ltd. were the top gainers on Nifty 50. Whereas, Tata Steel Ltd., Hindalco Industries Ltd., JSW Steel Ltd., UPL Ltd., and Eicher Motors Ltd. were the top laggards.
The broader indices slipped in red, however they were still outperforming their larger peers, with the mid-cap losing 0.46% while small-cap down by 0.22% in trade.
Fifteen out of the 20 sectoral measures complied by BSE Ltd. declined, with S&P BSE Metal and S&P BSE Information Technology losing the most.
Source: Bloomberg, Exchanges
The broader indices outperformed their larger peers, with the mid-cap and small-cap gauges losing 0.26% and 0.14%, respectively.
Eighteen of the 20 sectoral indices compiled by BSE declined with S&P BSE Information & Technology declining the most.
The market breadth is skewed in favour of the bulls. About 1,353 stocks rose, 916 fell and 142 stocks remained unchanged.
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