Stocks to watch: Reliance Industries, L&T, Hindustan Zinc

Reliance IndustriesThe petchem major has entered into a $2 billion partnership with Abu Dhabi Chemicals Derivatives Company RSC Limited (Tazeez) for chemical production. The joint venture will build and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility with an investment of more than $2 billion.

Larsen And ToubroSaudi Arabia has signed a preliminary agreement with Saudi Aramco to develop manufacturing capabilities. Under the plan, Larsen will build the region’s first heavy wall pressure vessel facility in the state’s Jubail industrial city.

Hindustan Zinc: has declared an interim dividend totaling $1 billion, or 7,605.57 crore to its shareholders. The board of the company has approved the dividend of 18 per share, which means a dividend yield of 5.09% at its December 7 closing price. mother-father Vedanta Limited Which holds 64.92% stake, expects to get approx. 4,937.68 crore in dividend payment.

hero: The one-month lock-in period for anchor investors of FSN Commerce Ventures, which operates Nykaa, ends on Wednesday. hero’s 5,350 crore IPO was subscribed 82 times, with around 21.3 million shares sold to anchor investors. The share price almost doubled at the start of trading, but the listing 2018, 79% premium over the issue price 1,125, exceeding its market value 1 trillion.

SpiceJet Limited: has said that it is expecting a favorable outcome of its proposed appeal against a winding up petition ordered by the Madras High Court. The HC had ordered the closure of the airline on a petition filed by Credit Suisse over dues of $24 million. It had also directed an official liquidator to take over the assets of the airline. The order was later put on hold for three weeks following a petition by the airline on the condition that it deposit $5 million in court within two weeks.

Telecom Stock: The Telecom Regulatory Authority of India has directed telecom companies to immediately enable the facility of sending text messages or SMS short code 1900, which is used for porting from one carrier to another. It has said that the service which enables request for unique porting code should be made effective for all customers, prepaid and postpaid, irrespective of the tariff value of the offer or voucher.

Reliance CapitalA day after the NCLT accepted the Reserve Bank of India’s plea for insolvency resolution of Reliance Capital, the central bank on Tuesday said it has retained a three-member advisory committee to assist the newly appointed administrator of the troubled NBFC.

Vodafone Idea: Communications service provider has partnered with tonal platforms To encrypt the entire international message traffic on the Vi network, which are messages originating outside India and ending in India. The partnership will be hosted on a cloud based platform called Wisdom and is expected to help the telco delve deeper into the global enterprise market.

Nestle IndiaThe Center has approved the company’s proposal for its Production Linked Incentive (PLI) scheme in respect of processed fruits and vegetables. It had submitted its proposal in June for the food processing sector under eligible categories, ready to eat/ready to cook and processed fruits and vegetables.

NHPC: Chamera-I Power Station (3 X 180 MW), HP has approved Monetization by Securitization through Bidding Process of Return on Equity (RoE), and one or more Power Stations for further 05/10/ To monetize the RoE of 15 years in one go or rollover.