Stocks to watch: Airtel, Biocon, Hero MotoCorp, TVS Motor, Zee

Aviation Sector: about 6.7 million passengers took to the sky In August, compared to 5.01 million in July, according to the latest data from the Directorate General of Civil Aviation (DGCA).

Bank: the government wants settling NS ₹2 trillion worth of bad loans and provisions have been made in the next five years ₹30,600 crore guarantee for return of security receipts issued by the newly formed National Asset Reconstruction Company Limited (NARCL) against stressed assets.

Bharti Airtel: Chairman Sunil Mittal said on Thursday that the telco to select For the moratorium, introduced in the telecom relief package, and aggressively redirected cash flow to network. Telco has Revised Some of its popular plans to add Disney+ Hotstar mobile subscriptions for your prepaid customers at no extra cost.

Biocon: The company’s arm, Biocon Biologics, on Thursday said it will offer a nearly 15% stake to Serum Institute Life Sciences (SILS) at a post-money valuation of about $4.9 billion. SILS is a unit of Serum Institute of India.

Hero Motocorp: company will make a upward revision Ex-showroom prices of its motorcycles and scooters from 20 September 2021. According to a statement issued by the company, the price hike is necessary to offset the impact of the continued rise in commodity prices.

JM Financial: The company’s arm JM Financial Products Limited has planned to raise up to ₹500 crore through public issue of bonds. The unit will issue installment I of secured, rated, listed, redeemable, non-convertible debentures of face value ₹1,000 each with an original issue size of ₹100 crores. There will be an option to retain the oversubscription up to ₹400 crores, in total ₹500 crores.

JSW Steel: The steel maker said on Thursday that it has raised $1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market. JSW Steel said in a statement that it has become the first company in the steel sector globally to issue USD-denominated Sustainability Linked Bonds (SLBs).

Saregama India: The company plans to raise funds till ₹750 crore by way of additional issue of securities through options such as private placement, preferential issue, public issue or qualified institutional placement, it said in a regulatory filing.

TVS Motor Company: The two-wheeler maker has acquired a majority stake in Swiss e-mobility solutions provider EGO Movement. TVS through TVS Motor (Singapore) Pte has acquired 7,719,786 common shares and 1,401,072 preferred shares in the Swiss company at CHF 1.825 per share. Ltd.

Zee: The Board of Directors of ZEE Entertainment Enterprises Limited on Thursday said that it is strongly condemnation of The allegations leveled by some proxy advisory firms against its former non-executive directors, Ashok Kurian and Manish Chokhani.