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Stocks to Watch: Hyundai Motor India, Paytm, Polycab and 9 Other Stocks in Action
- •Ujjivan Small Finance Bank board will meet on October 16 to consider a fund-raising proposal via preferential equity shares.
- •Polycab received relief from NCLAT as the tribunal stayed the NCLT order initiating the Corporate Insolvency Resolution Process.
- •Den Networks reported a 3.7 percent increase in second-quarter net profit to Rs 36.4 crore despite a slight dip in revenue.
- •Adani Enterprises and Jabil signed an agreement to form a 50:50 joint venture for data center hardware business.
- •Hyundai Motor Group announced plans to invest 15.5 billion dollars in India by 2032 across manufacturing and R and D.
Key Questions Answered
The National Company Law Appellate Tribunal (NCLAT) has stayed the National Company Law Tribunal (NCLT) order that initiated the Corporate Insolvency Resolution Process (CIRP) against Polycab, providing the company with significant legal relief.
Hyundai Motor Group plans to invest $15.5 billion in India by the year 2032. This capital will be directed towards manufacturing, research and development, strengthening the local supply chain, setting up a new investment entity, and increasing production capacity.
Bharat Electronics Limited (BEL) secured new orders worth Rs 533 crore since September 17. These orders include communication equipment, avionics, cybersecurity solutions, drones, jammers, software solutions, upgrades, spares, and services.
