Stocks to watch: SpiceJet, Dish TV, Zomato, GMR, Zee, Vodafone Idea

SpiceJetLow-cost carrier SpiceJet on Wednesday said the company’s Chief Financial Officer Sanjeev Taneja has resigned amid mounting losses and rising incidents of flight. The airline posted a net loss of 789 crore for the first quarter ended June 30 as compared to a loss of Rs. 729 crore in the year-ago period, as the carrier’s business was severely hit by record high fuel prices and depreciation of Rs. Total revenue for the quarter under review came in 2,478 crore, as against 1,266 crore in the same quarter last year, SpiceJet said in a regulatory filing.

dish tv indiaDirect-to-home operator Dish TV on Tuesday said its chairman Jawaharlal Goyal will step down at the company’s upcoming AGM on September 26, 2022. Goyal, whose proposal for reappointment as Managing Director was rejected by the shareholders in an extraordinary meeting. (EGM) held in June this year has not applied again to continue as chairman. In a regulatory filing, Dish TV said: “Jawahar Lal Goel, Chairman and Non-Executive Director, will vacate his office at the upcoming AGM due to his reluctance to be re-appointed as Director.”

zomatoOnline food delivery platform Zomato has decided to focus its attention on three key areas of food ordering and delivery; The company’s chairman Kaushik Dutta said on Tuesday that the supplies are made to restaurants through ‘Hyperpure’ and Quick Commerce. Addressing shareholders at the company’s annual general meeting, Dutta said the move was part of a strategy to “focus on only those areas that have the potential to become meaningfully large businesses ten years from now”.

zee entertainment: The merger between the Indian unit of Japan’s Sony and Zee Entertainment to create a $10 billion TV venture would potentially hurt competition by having “unique bargaining power”, the country’s antitrust watchdog found in a preliminary review, Reuters According to an official notice seen by . The Competition Commission of India (CCI) notice dated August 3 told both the companies that the watchdog is of the view that further investigation is necessary.

GMR InfrastructureGMR Coal Resources Pte Ltd (GCRPL), a step-down subsidiary of GMR Power and Urban Infra Ltd, has entered into definitive agreements to sell its 30% equity stake in PT Golden Energy Mines TBK (PT GEMS) to PT Radhika. Public opinion for $ 420 million. Upon closure, GMR Coal Resources Pte Ltd will receive a gross return of $420 million

Vodafone IdeaVodafone Idea shareholders have approved the promotion of the company’s Chief Financial Officer Akshay Mundra as the new Chief Executive Officer, according to the voting results of the Annual General Meeting released on Tuesday. The company held its 27th AGM (Annual General Meeting) on ​​Monday in which 99.75% shareholders voted in favor of a special resolution to appoint “Akshay Mundra as the Chief Executive Officer of the company”. Mundra’s appointment comes at a time when the company is deeply in debt. 2 lakh crore and huge loss is happening.

NTPCShareholders’ approval has been received to increase NTPC to 12,000 crore through issuance of non-convertible debentures on private placement basis. The resolution was passed with the requisite majority in the Annual General Meeting held on Tuesday. As per the notice of the AGM, the funds to be raised in one or more installments (not exceeding 12) shall be used for capital expenditure, working capital and general corporate purposes.

Tata SteelTata Steel on Tuesday said it will invest over 65 million euros for hydrogen-based steelmaking in the Netherlands. Hydrogen has the ability to decarbonize steelmaking. Tata Steel has tied up with three firms McDermott, Daniels and Hatch for further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden.

ndtvAdani Group will launch its open offer on October 17 to acquire an additional 26% stake in media firm NDTV. Open offer to acquire 1.67 crore equity shares for which the price of 294 per share, will be closed tentatively on November 1, said an advertisement by JM Financial, which is managing the offer. If . Fully subscribed at the cost of 294 per share, the amount of the open offer will be 492.81 crores.

Indiabulls Housing Finance: Indiabulls to increase housing finance 1,000 crore by floating bonds in a public issue that opens on September 5. The Securities Issuing Committee of the Board of Directors of the Company, in a meeting held on 29th August, 2022, approved the public issue of Secured Redeemable Non-convertible Debentures. of base issue size 100 crore with the option to maintain oversubscription up to Rs. 900 crore, the company said in a regulatory filing on Tuesday. is within the shelf limit of the fundraising plan 1,400 crores.

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