Top Stocks in Focus Today
Here’s a brief of the fintech stock news for the day.
Radiant Cash Management:
The listing data for Radiant Cash Management’s IPO has been set for the 4th of January, 2023. Radiant Cash Management Services Limited shares will be listed and admitted to trading on the market in the list of the “B” category of securities, according to information presented on the BSE website.
On 3rd January 2023, a subsidiary of Reliance Retail Ventures Ltd announced that it would buy a 50% share in Gujarat-based Sosyo Hajoori Beverages Private Limited. The remaining interest in Sosyo Hajoori Beverages Pvt Ltd. will continue to be owned by the promoters, the Hajoori family (SHBPL).
In the 3rd quarter of this fiscal year, Vedanta’s overall aluminium production fell by 2% to 5,66,000 tonnes. In the previous year, the business produced 5,79,000 tonnes of aluminium overall.
Engineering and construction powerhouse Larsen & Toubro (L&T) announced that the Madhya Pradesh government had placed additional orders for its water and wastewater treatment services.
Mortgage lender HDFC Ltd. reported that in the third quarter that ended in December 2022, it issued loans worth $8,892 crore, which was 19% more expensive.
The DMart network is operated by Avenue Supermarts, which Radhakishan Damani owns. For the three months ending in December, operating revenue increased by 24.7% to 11,304.58.
On January 1, 2020, Venugopal Lambu joined Mindtree, according to his LinkedIn profile. He oversaw Mindtree’s ability to revolutionize the global market. On 3 January, he submitted his resignation. It has been just 2 months that the two entities merged.
RailTel Corporation of India:
In an effort to monetize its Wi-Fi initiative at more than 6,100 train stations nationwide, RailTel has partnered with a technology business, the company announced on Tuesday.
IIFL Finance announced plans to raise $1 billion through a public offering. According to a statement from IIFL Finance, the cash obtained through the issuance would be used for corporate expansion.
Multi Commodity Exchange:
The Multi Commodity Exchange of India (MCX) shares were purchased by Norges Bank, the Norwegian central bank, for more than 50 crores through an open market transaction.
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