Here is a list of top 10 stocks that are likely to be in focus on Friday:
Future RetailAccording to a filing, Sadashiv Nayak, CEO of debt-ridden Future Retail Ltd, has resigned from the position seven months after his appointment. Future Group CEO Kishore Biyani has been reappointed as executive chairman of the company for three years, a regulatory filing said on Thursday.
VedantaMining giant Vedanta Ltd on Thursday said its board has approved a proposal to source 580 MW of green energy for its pan-India operations.
Hindustan ZincMining firm Hindustan Zinc Limited (HZL) on Thursday said it would invest 350 crore to develop 200 megawatt (MW) renewable energy capacity through a special purpose vehicle. The project will be carried out through a Special Purpose Vehicle (SPV) on Build-Own-Operate (BOO) basis under Group Captive norms, HZL said in a statement.
ONGC, Reliance IndustriesThe government on Thursday more than doubled the price of natural gas, which is used to generate electricity, make fertilizer, convert to CNG and pipe it into home kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the country’s largest gas field of ONGC’s basin, will hit a record high of US$ 6.10 per million British thermal units (mmBtu) from the current US$ 2.90 per mmBtu. Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Oil.
Ruchi SoyaPatanjali Ayurved-owned Ruchi Soya on Thursday fixed the issue price of its follow-on public offer at the upper limit of its price band. 650 per equity share to be raised 4,300 crores. Ruchi Soya forayed into capital markets with its FPO on March 24 4,300 crore as it aims to become a debt free company.
Hero Motocorp: Income Tax Department has detected the alleged illegal business expenditure of more than 800 crores, After the raids on Hero MotoCorp and two other groups, 60 crore “unaccounted” cash was used to buy land and play some shell companies in Delhi, officials said on Thursday.
auto stockMonthly auto sales figures will start coming from Friday. M&M, Maruti, Tata Motors will remain in focus.
lupinePharma major Lupine Ltd on Thursday said the USFDA has issued 13 comments to its US-based wholly-owned subsidiary Novel Laboratories, Inc., following an inspection.
Adani EnterprisesAdani Enterprises on Thursday said it has received a letter of award from NHAI for developing a section of National Highway 48 under the government’s Bharatmala project.
Exide IndustriesExide Industries announced its investment on Thursday 6,000 crore in Karnataka. This is for the establishment of one of the largest giga factories for advanced cell chemistry technology.
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