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Stocks in the news: Wipro, Vodafone Idea, PNB, Zomato and Cadila – Economic Times

Nifty futures on the Singapore Exchange traded merely 133 points, or 0.76 per cent lower at 17,468.50, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade:

Wipro: The IT services major announced the launch of the Wipro-Google Cloud Innovation Arena in Bengaluru to accelerate adoption of cloud services.

Tata Consultancy Services: In a big boost to the Kerala government’s bid to attract investment, leading IT services provider TCS has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi.

Hero MotoCorp: The leading two-wheeler maker is going full throttle to launch a Harley-Davidson model with retro styling as it looks to enter a very profitable segment in the premium motorcycle space.

Vodafone Idea: The debt-ridden telecom operator claimed to have recorded a peak speed of 3.7 gigabit per second (gbps), highest by any operator in India, during 5G trials in Pune.

Cadila Healthcare: The drug firm Zydus Cadila said it has received approval from the US health regulator to market Vortioxetine Tablets, used to treat depression, in the American market. The company has received final approval from the US Food and Drug Administration (USFDA) to market Vortioxetine tablets.

Zomato: The online food delivery platformit did not disclose the exit of its co-founder Gaurav Gupta to the bourses as he was not designated as a key managerial personnel, nor was he a promoter of the company.

Sobha: The realty firm announced the appointment of Yogesh Bansal as the company’s chief financial officer. The company informed that the Board of Directors at the meeting appointed Yogesh Bansal as the Chief Financial Officer.

IDBI Bank: Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said.

Dish TV:
The direct-to-home service provider is facing a special notice from its shareholder Yes Bank to remove its Managing Director Jawahar Goel along with four other directors, has sought an extension of time for holding the annual general meeting of the company.

Bank: The state owned private lender slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent.

Force Motors: The auto player has pointed out unscientific and “ill-founded prejudices” against diesel-powered commercial vehicles and has sought free movement of such vehicles inside cities.

Garments: The Telangana government and Kitex group from Kerala signed a memorandum of understanding (MoU) for setting up two integrated fibre to apparel manufacturing clusters.

Welspun India: The textiles player has said it is looking to invest around Rs 800 crore on capacity expansion of its home textiles and flooring businesses over the next two years.

Hindustan Copper: The state-owned metal player is taking requisite actions to increase the output from its mines and is also in the process of augmenting the mining capacity through expansion projects.

MAS Financial Services: The non-banking financial company said it has raised Rs 100 crore through private placement of market-linked non-convertible debentures (NCDs).

Moneyboxx Finance:
The NBFC said it has raised Rs 7.5 crore by way of term loan from DCB Bank for on-lending to individuals for agri and allied activities.