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Stocks in the news: Lakshmi Vilas Bank, SpiceJet, Future Enterprises, IRB Infra and Hexaware – Economic Times

Nifty futures on the Singapore Exchange traded 35 points, or 0.30 per cent lower at 11,496.50 , in signs that Dalal Street was headed for a negative start on Wednesday. Here are a few stocks which may buzz the most in today’s trade:

Lakshmi Vilas Bank: The bank said due diligence on its proposed amalgamation with mid-sized non-banking lender Clix Capital Group is “substantially complete” and the parties are in discussions on the next steps.

Hexaware Technologies: IT firm Hexaware Technologies said market regulator Sebi has allowed extension of closure of its delisting offer to Sep 16.

SpiceJet: The budget carrier reported a net loss of Rs 600.5 crore for the first quarter ended June 30, owing to the suspension of flight operations due to the Covid-induced lockdown. It had posted a net profit of Rs 262.8 crore in the corresponding period of the previous financial year.

Future Enterprises: The company reported a consolidated net loss of Rs 322.92 crore for the quarter ended on June 30.The company had posted a consolidated loss of Rs 8.59 crore in the April-June quarter a year ago, Future Enterprises Ltd (FEL) said in a BSE filing.

IRB Infrastructure Developers: The company’s arm has entered into a pact with NHAI for executing a stretch of Vadodara-Mumbai Expressway in Gujarat at a cost of Rs 1,755 crore. The project falls under Bharatmala Pariyojna Phase 1

Dish TV: DTH service provider Dish TV said it has started shifting production of its set-top boxes (STBs) to India, with plans to produce 50 per cent in the country by the first quarter of 2021.

Sterlite Technologies: The company said it has teamed up with Bharti Airtel to build an optical fibre network for the telco across 10 telecom circles. The modern optical network will enable Airtel to deliver enhanced customer experience through scalability, reduced latency, and improved bandwidth, the company said in a statement.

Mcleod Russel: The auditor to debt-laden tea producer Mcleod Russel has said the company’s current liabilities have exceeded its assets, flagging an “uncertainty about its ability to continue as a going concern”.

Can Fin Homes: Canara Bank-promoted housing finance firm Can Fin Homes said CARE Ratings has reaffirmed its A1 plus rating on its commercial paper issue of up to Rs 4,500 crore.

Aurobindo Pharma: The company announced collaboration with the Biotechnology Industry Research Assistance Council (BIRAC), set up by the Department of Biotechnology for the development of coronavirus vaccine.

InterGlobe Aviation: Aviation regulator DGCA has commenced special safety audit of IndiGo and Vistara as part of its ongoing exercise to review and assess safety mechanism across domestic airlines in the wake of the recent Air India Express plane crash, a top official has said.

Max India: The company said its board has approved a capital reduction programme under which the company will buy back equity shares worth up to Rs 92 crore from public shareholders.

Exide Industries: Lead acid battery maker Exide Industries is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said.

Indiabulls Housing Finance: The company said Brickwork Ratings has assigned short-term rating of A1 plus to the company, signifying adequate degree of safety and low credit risk. The rating agency has reaffirmed the long-term rating at AA plus, suggesting high degree of safety and very low credit risk, according to a regulatory filing.

MCFL: Mangalore Chemicals and Fertilizers Ltd (MCFL) on Tuesday announced the appointment of Akshay Poddar as company’s chairman with effect from September 29.

Siti Networks: Cable TV distributor reported a consolidated net loss to Rs 45.81 crore for the first quarter ended on June 30, 2020. The Essel Group firm had posted a net loss of Rs 49.48 crore in April-June quarter a year-ago.

BSE: Deutsche Boerse, which sold 12,00,000 shares of BSE on Monday further sold 7,86,933 shares of the company at Rs 554.36 while Nippon India Smallcap Fund bought 5,46,650 shares of the company at Rs 554.