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    Stocks in the news: PFC, Bandhan Bank, YES Bank, DLF and InterGlobe Aviation

    Synopsis

    Here's a look at the top stocks that may hog the limelight in today's session.

    stock-market-1--GettyGetty Images
    Markets regulator Sebi said it is examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries.
    Nifty futures on the Singapore Exchange were trading 46 points, or 0.43 per cent, up at 10,834.50, indicating a positive start for the Nifty50 on Thursday.

    Asian peers including Hang Seng, Nikkei and Shanghai were also trading in green in the morning trade. On Wall Street, the Dow Jones Industrial Average gained 1.09 per cent to 24,635.88 points on Wednesday, the S&P 500 advanced 1.01 per cent to 2,663.44 and the Nasdaq Composite added 1.41 per cent to 7,130.79.

    Here's a look at the top stocks that may hog the limelight in today's session:

    DLF: Realty major DLF on Wednesday said its group CFO Saurabh Chawla has resigned from the company to explore new professional opportunities. Ashok Kumar Tyagi, the company's whole-time director, would be the new group chief financial officer (CFO), DLF said in a filing to the BSE.

    PFC, REC: Moody's reviews PFC and REC for downgrade, according to ET NOW.

    United Bank of India: The lender on Wednesday raised deposit rates across select maturities by 0.25 per cent. With the increase, fixed deposit rate for one-year tenure will increase to 6.5 per cent from existing 6.35 per cent. The interest rate for fixed deposits between 1-3 years will increase to 6.25 per cent from 6 per cent. The bank has revised the rate of interest on domestic term deposits for less than Rs 1 crore, with effect from December 14, 2018.

    Eicher Motors: Motorcycle manufacturer Royal Enfield Wednesday launched its Interceptor INT 650 and Continental GT 650 models for the Punjab and Chandigarh markets.

    Strides Pharma Science:
    The company announced that its step‐down wholly owned subsidiary, Strides Pharma Global, Singapore, has received approval for Lidocaine Ointment USP 5% from the United States Food & Drug Administration (US FDA). Lidocaine Ointment is a generic version of Xylocaine Ointment of AstraZeneca Pharmaceuticals LP.

    Bandhan Bank: Bandhan Bank would add another 40 branches by December 31, taking the total number to 978, the Kolkata-based lender's founder and CEO C S Ghosh said on Wednesday. In other news regarding Bandhan Bank, its retail banking head Rahul Johri and MFI lending chief Prasanta Kumar Sahu have left the bank recently to set up their own microfinance venture.

    Pricol: Pricol, an automotive component manufacturing company, and Israel-based Pointer Telocation Ltd, a developer, manufacturer and operator of mobile resource management, signed a letter of intent (LoI) Wednesday for a joint venture to provide advanced telematics and IoT solutions in India and countries in South East Asia.

    Lupin: Drug maker Lupin said a court in Europe has upheld a decision to impose a fine of 40 million euros (over Rs 325 crore) on the company by European Commission (EC) in a litigation over blood pressure lowering drug Perindopril.

    Sun Pharma: Markets regulator Sebi said it is examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries.

    InterGlobe Aviation: Morgan Stanley upgraded InterGlobe Aviation to ‘Overweight’ from ‘Equalweight’ and raised the price to Rs 1311 from Rs 790 earlier.

    YES Bank: The board will meet today to recommend name for new chairman for RBI approval. Last month, Yes Bank said its board on December 13 will recommend names for new chairman to be approved by the RBI as well as consider appointment of independent directors.





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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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