Indian markets are likely to open steady on Thursday ahead of the announcement of the Reserve Bank of India’s bi-monthly monetary policy later in the day. The central bank is expected to cut key repo rate by 25 basis points. Among the stocks in the news today, SBI approved selling 8.25 percent stake in UTI AMC while Bharti Airtel approved raising of $3 billion.
Here are the top stocks to watch out for today:
SBI board approves diluting up to 8.25 percent stake in UTI AMC, which goes for an initial public offering.
Bharti Airtel board approves raising $4 billion through equity dilution and debt funding.
Reliance Industries: Reliance Jio’s new tariffs will be 40 percent higher, with up to 300 percent more benefits.
Karnataka Bank reports to the RBI a fraud of Rs 40.39 crore in the credit facilities to Hanung Toys and Textiles.
A joint venture of Tata Power and ICICI Bank acquires Manoj Gaur's biggest power plant at Prayagraj in Uttar Pradesh—Renascent Power Ventures.
HUDCO says its two borrowing agencies have defaulted in repayment of their dues.
A unit of Gayatri Projects is selling 5.95 percent stake in Sembcorp Energy For Rs 410 crore.
HDFC AMC plans to use Greenshoe option for the sale of 0.86 percent more stake via an offer for sale.
Vedanta board approves raising up to Rs 3,000 crore via NCDs.
Hindalco Industries launches India’s first all-aluminium freight trailer, which can ferry a wide range of materials.