Stocks in News Today: The Nifty futures contract traded on the Singapore Exchange indicated a negative opening for domestic equities. The contract was trading at 18,599, down 65 points or 0.35% from its previous close.
South Indian Bank
South Indian Bank has finalized the candidates for the post of MD & CEO of the bank. The lender will submit an application to RBI for approval for the same.
The central government proposed to sell up to 3% stake in state-owned Coal India through Offer for Sale (OFS) on June 1.
The government has appointed Amarendu Prakash as the chairman of SAIL.
Laurus Labs further invests in cell and gene therapy company ImmunoACT. The company will hold 33.86% stake after the completion of the transaction.
Vedanta Resources, the parent company of Mumbai-listed mining company Vedanta Ltd, said it has repaid $400 million in debt, taking the gross debt to $6.4 billion.
GATI CEO Pirojshaw Aspi has resigned from his post with immediate effect.
Lupine receives USFDA approval for Abbreviated New Drug Application for Obeticholic Acid Tablets.
Tata Steel Mining, a subsidiary of Tata Steel, signed an agreement with French cleantech Metron to design an energy management platform.
Promoter Aberdeen on Wednesday sold its entire stake in HDFC Life through a bulk deal.
Adani Green Energy
PTI reported that Adani Green Energy Ltd may approve a proposal to raise up to $1 billion in the next few weeks.