Vodafone Idea Share price: Stocks in the news: ONGC, Happiest Minds, Voda Idea, ICICI Pru Life and Adani Power

Handy futures on the Singapore Exchange traded 39.5 points, or 0.26 percent higher at 15,401.5, indicating Dalal Street was off to a positive start on Tuesday. Here are a dozen stocks that may be buzzing the most in today’s trading:

Oil and natural gas company: Ministry of Petroleum and Natural Gas has agreed to extend the additional compensation of the post of Chairman and General Manager (CMD) to Alka Mittal, Director (HR), for a period of two months from July 1 to August 31, 2022, or until the appointment of a permanent official to the post.

life insurance: The private life insurance company announced a record bonus of Rs 969 crore for policyholders in FY2022, up 12 percent from the previous fiscal year. This is the company’s 16th consecutive annual bonus and the highest ever to date.

Adani Power:
The utility completed the acquisition of 100 percent shares in SPPL and EREPL for approximately Rs 609 crore. On June 7, 2022, they had signed a share purchase agreement to acquire 100 percent shares of two companies – Support Properties (SPPL) and Eternus Real Estate (EREPL) from their respective shareholders.

Vodafone idea: The board of directors of the debt-ridden telecom company is scheduled to meet on June 22 to consider a proposal to raise funds amounting to Rs 500 crore from Vodafone Group. The fundraising will take place through the issuance of shares or convertible warrants on a preferential basis to one or more entities belonging to the Vodafone Group.

Happiest Mind Technologies: Morgan Stanley Investment Funds has sold shares of an IT company for Rs 105 crore through an open market transaction. According to the bulk deal data available from BSE, Morgan Stanley Investment Funds Emerging Leaders Equity Fund has sold 13,14,055 shares, representing a 0.9 percent stake in the company.

Bank of India:
The state-owned lender is considering raising up to Rs 2,500 crore in new equity as it is necessary to increase the public interest in the bank to 25 percent to meet regulatory standards. Currently, the public shareholding in

stands at 18.59 percent.

Ashok Leyland: The commercial vehicle manufacturer and flagship of the Group has strengthened its portfolio for CNG-powered Intermediate Commercial Vehicle (ICV) with the launch of its ecomet STAR 1115 truck in the Gross Value Weight (GVW) category of 11.44 tonnes.

Suven Life Sciences:
The pharmaceutical company has informed exchanges that its Board of Directors will meet on June 24 to consider raising funds through issuance of rights-based shares to the company’s existing shareholders.

IDBI bank: Property of Great Indian Tamasha Company – corporate guarantor of Great Indian Nautanki Company – has been put up for sale due to non-payment of loans taken from

, and . According to a public statement from IDBI Bank, the properties are to be sold through e-auction next month.

Bharat Forging: The auto parts maker has decided to consolidate its electric vehicle business initiatives under Kalyani Powertrain (KPL), a wholly owned subsidiary, for better strategic alignment.

LIC Housing Financing: The mortgage lender said it has raised its prime lending rate by 60 basis points. With this increase, the new interest rates, which apply from 20 June, on home loans will come into effect from 7.50 percent.

HUDCO: Fitch Ratings has the ratings of

at the ‘BBB-‘ level, that is, at the sovereign level. The rating agency has also revised the outlook of ‘Stable’ from ‘Negative’. The rating action follows the change in the outlook of the Government of India’s rating to ‘stable’ from negative on June 10, 2022.

Fineotex Chemical: The specialty chemicals company said its board of directors will meet on June 24 to decide on raising funds by issuing shares. This is subject to shareholder and regulatory approvals.

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