Stocks to watch: TCS, NDTV, IEX, Adani Power, IDFC, ONGC | Daily News Byte

Tata Consulting Services: IT consulting services major Tata on Wednesday said it has secured an agreement 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 including a long-term option. “Building on TCS Dexam, the railway information marketplace can not only provide information related to the railway industry but also present important nearby sources of information to passengers and operators and help provide a better experience for users.

NDTV: Having taken control of RRPR Holdings, the NDTV promoter holding 29.18% stake in the broadcaster, Adani Group through its subsidiary Vishvapradhan Commercial Pvt. Ltd (VCPL) can promote the appointment of its directors on the NDTV board. And although the open offer did not attract investors’ attention for the second consecutive meeting on Wednesday, the Adani group became the single largest shareholder of NDTV, taking a step closer to control of the company, the founders of the proxy advisory firm said. .

Adani Power: Deadline for completion ₹DB Power Ltd. thermal power asset purchase contract. 7,017 million kip has been extended by another month, until December 31, 2022, according to a statement from Adani Power on Monday. Previously, the company extended the deadline for completion by one month, to November 30, 2022. “The parties to the proposed transaction have mutually agreed to extend the long hiatus to December 31, 2022, in order to achieve closing/completion.” The BSE filing said.

Indian Power Exchange: The Indian Energy Exchange (IEX) intends to seek shareholder approval through a postal vote to buy back shares worth up to ₹PTI news agency reported on November 30 that it is worth 98 million kip. In its meeting on November 25, the committee approved the financial proposal. Fresh for the purchase of shares of the face value of. ₹1 at the highest price ₹200 per share for total amount up to ₹98 billion.

ONGC/Reliance: The Kirit Parikh Committee on Gas Price Fixing on Wednesday submitted its report to the Oil Ministry. The committee 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. ONGC and OIL mostly operate legacy fields in the country. The committee also recommended that domestic oil prices should be linked to international prices. It is recommended to cancel the maximum price reduction in the next 3 years.

IDFC: Market 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 clearance in August.

Manali PetrochemicalsManali Petrochemicals Ltd, an integrated producer of polyols, has ‘closed the acquisition’ of Penn Globe Ltd, the UK market leader in foam control plants, for an enterprise value of GBP 21 million, the city-headquartered company said. Wednesday. The company said in a statement that the “all-in” acquisition was through AMCHEM Specialty Chemicals Private Limited, Singapore.

Tamilnad Commercial Bank: Private lender Tamilnad Mercantile Bank (TMB) on Wednesday said it has been granted permission by the Reserve Bank of India to conduct government business on behalf of the banking regulator. An agreement in this connection has been signed by the bank with the RBI in Mumbai for appointing TMB as a ‘representative bank’ of the RBI to conduct government agency business.

Door XayMumbai-based 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 provide services between ICD Kashipur and sea. Port Mundra, Pipavav and Nhava Sheva. “The acquisition of ICD Kashipur remains a work in progress and is expected to be completed by the end of December 2022,” the company said.

Somato: Alipay Singapore, a subsidiary of Alibaba Group Holding Ltd, has sold a 3.07% stake in online food delivery giant Zomato for ₹1,631 crore through open market trading on Wednesday. Alipay Singapore Holding Pte has closed about 26,28,73,507 shares, totaling a 3.07% stake in the company, according to the majority settlement data available on the National Stock Exchange (NSE).