Stocks In Focus on March 16: PNB, Zomato, Tata Motors & More

  • Investing.com
  • Stock Market News
Stocks In Focus on March 16: PNB, Zomato, Tata Motors & More

By Malvika Gurung

Investing.com -- Punjab National Bank (NS: PNBK ): The state-run lender has reported a fraud of Rs 2,060.14 crore in the NPA account of the power company IL&FS Tamil Nadu (NS: TNNP ) Power. The bank has already made provisions of Rs 824.06 crore.

Tata Motors (NS: TAMO ): The automaker plans on investing Rs 15,000 crore in the EV segment over the upcoming 5 years.

Zomato (NS: ZOMT ): The food aggregator has acquired a 16.66% stake in the food robotics company Mukunda Foods for $5 million, besides approving a loan amount of up to $150 million to Blinkit.

Paytm (NS: PAYT ): The fintech major’s non-executive, non-independent director Munish Ravinder Varma resigned from the position due to personal commitments and other preoccupations.

Future Retail (NS: FURE ): The company’s director Rahul Garg has resigned from the board of directors and other committees, w.e.f. March 14, 2022.

Shyam Metalics and Energy (NS: SHYE ): The steel company announced a fresh round of capex plans worth Rs 990 crore, for expanding its capacity by 2.85 MTPA, over the ongoing capex of Rs 3,000 crore.

Dhampur Sugar Mills (NS: DAMS ): The sugarcane processing company’s board will consider the proposal of interim dividend payment for FY22, the record date for which is set at March 31.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles