Stocks in the news: Adani Green, RIL, GAIL, Karnataka Bank, Tata Elxsi and Dr Reddy’s Labs

Stocks in the news: Adani Green, RIL, GAIL, Karnataka Bank, Tata Elxsi and Dr Reddy's Labs

Nifty futures on the Singapore Exchange traded 36.5 points, or 0.25 per cent, lower at 14,459.50, in signs that Dalal Street was headed for a muted start on Tuesday. Here are a few stocks which may buzz the most in today’s trade:

Adani Green: The Competition Commission of India (CCI) said it has approved acquisition of share capital in Adani Green Energy by a subsidiary of Total SE. “Commission approves acquisition by Total SE through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited,” the regulator said in a tweet.

GAIL: The nation’s largest gas distribution firm will on Friday consider buyback of shares with a view to returning surplus cash to shareholders, the biggest being the Government of India.

RIL: Reliance Retail will exit direct sale of packaged food, grocery and FMCG goods on its e-commerce platform JioMart by roping in kirana stores as franchise partners that will sell these products to consumers in their respective neighbourhoods. This marks a shift in strategy that dierentiates it from other big online grocery platforms such as Big Basket, Amazon and Grofers.

Karnataka Bank, Tata Elxsi: Karnataka Bank, Tata Elxsi, Hathway Bhawani Cabletel, Steel Strips Wheels, Ind Bank Housing and HPL Electric & Power are some of the companies that will announce their December quarter results today.

Dr Reddy’s: Dr Reddy’s Laboratories (DRL) announced the start of its phase 3 clinical trial of Russia’s Sputnik V Covid-19 vaccine after receiving clearance from the independent Data and Safety Monitoring Board (DSMB). DSMB’s clearance is based on the safety data from the phase 2 clinical trial.

Care Ratings, Crisil and Icra: The Securities and Exchange Board of India (Sebi) has asked the Competition Commission of India (CCI) not to entertain a complaint by ratings agency Brickworks, which moved the CCI alleging predatory pricing by its peers.

Future Retail: E-commerce major Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal.

Fortis Healthcare: Markets regulator Sebi slapped Rs 1 lakh fine on Fortis Healthcare Holdings — the erstwhile promoter entity of Fortis Healthcare Ltd — for disclosure lapses.

Burger King: Eastspring Investments India Consumer Equity Open Fund sold 2.75 million shares of Burger King India at Rs 154.92 through a bulk deal on the National Stock Exchange today.

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