The Indian market is likely to open flat on Thursday as investors fret over IMF’s comment that the economy is in the middle of a “significant” slowdown. Moreover, the SGX Nifty, an indicator of the opening for the Nifty50, was trading at 12,233.50 at 7:20 am, indicating a flat start for the domestic market. Among the stocks in the news today, Bharti Infratel has extended the deadline for the merger with Indus Towers to February 24 while HCL Technologies announced an expansion in Canada with the opening of a Global Delivery Center. Here are the stocks to watch out for today:
Bharti Infratel: Bharti Infratel has extended the deadline for merger with Indus Towers to February 24.
Yes Bank: Brickwork Ratings downgraded lower Tier II Bonds, upper Tier II Bonds, hybrid Tier I Bonds and innovative perpetual debt instruments.
HCL Technologies: The company has set up a global delivery centre (GDC) in Moncton, New Brunswick in Canada.
Federal Bank: The bank’s board has approved an investment of Rs 22 lakh in Kerala Infrastructure Fund Management.
IDBI Bank: CARE has assigned the rating of ‘CARE A+/ Stable’ for Basel III compliant Tier II Bonds & ‘CARE A1+’ for Certificate of Deposit.
United Breweries: The company denied CNBC-TV18 report that Dutch major Heineken may increase the stake.
Bharti Airtel: African subsidiary Airtel Africa intends to raise about $37.5 million through the IPO of its local business Airtel Malawi.
Piramal Enterprises: Board will consider raising up to Rs 2,750 crore by issuing bonds on private placement basis.
Coffee Day: The company has disclosed that the promoter shareholding is down to 3.7 crore shares from 11.4 crore shares.
TVS Motor Company: It has launched TVS NTORQ 125 Race Edition scooter in Nepal.