Stocks to Watch Today: ONGC's overseas arm ONGC Videsh has made an oil discovery in a recent...
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Stocks to Watch Today: ONGC's overseas arm ONGC Videsh has made an oil discovery in a recently drilled well Urraca-IX in the CPO-5 block, Llanos Basin, Colombia.
Meanwhile, here are some stocks to watch out for in trade today.
The Sensex and the Nifty indices are likely to open with nominal gains on Friday tracking strength in the US overnight and Asian markets this morning. As of 07:45 AM, the SGX Nifty futures were quoted at 15,650, indicating a gap-up of 90-odd points on the Nifty 50.
ONGC's overseas arm ONGC Videsh has made an oil discovery in a recently drilled well Urraca-IX in the CPO-5 block, Llanos Basin, Colombia.
Hero MotoCorp will increase ex-showroom prices of its motorcycles and scooters with effect from July 1 to partially offset the steadily growing input cost inflation.
The price revision will be up to Rs 3,000. The exact quantum of increase will be subject to the specific model and market.
In a first for an electric car in India, a Tata Nexon electric vehicle (EV) caught fire on Wednesday evening in a Mumbai suburb. This comes against the backdrop of numerous reports of fire mishaps involving electric two-wheelers. Tata Motors said it is investigating the incident and remains fully committed to all aspects of safety.
Vodafone Idea (Vi) will take a four-year moratorium on paying Rs 8,837 crore as AGR dues, in addition to the option it exercised last year. The telecom company also has the option to convert interest on the deferred amount into additional equity to the government.
Realty major Macrotech Developers on Thursday announced its entry into the Bengaluru market and has formed a joint venture to develop its first housing project with an estimated sales bookings value of Rs 1,200 crore.
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The Bombay High Court on Thursday dismissed the appeal filed by a Dish TV promoter entity against YES Bank the largest shareholder in the direct-to-home company paving the way for the latter to vote at the extraordinary general meeting (EGM), to be held on Friday.
Hindustan Unilever:
HUL will continue to increase the prices of its products as inflation remains high even as market growth has moderated and volume growth has declined, Nitin Paranjpe, chairman of the company, told shareholders at its 89th annual general meeting (AGM) on Thursday.
IT stocks will also be in focus as IT services and consulting firm Accenture beat Street expectations to clock a revenue of $16.16 billion in the quarter ended May 2022 (Q3).
The number, buoyed by cloud and digital transformation, was an increase of 22 percent over the $13.26 billion reported for the same quarter a year earlier.
The company has made further investments of Rs 20.95 crore in its wholly-owned Century Panels by subscribing to 2.09 crore shares through a rights issue.
The company's subsidiary First Energy has acquired two companies - Jalansar Wind Energy and Kanakal Wind Energy - which will become wholly-owned step-down subsidiaries of Thermax. Both the companies belong to the renewable energy sector. - business-standard
