Stocks in Focus on Oct 7: Airtel, Nykaa, Britannia, NTPC, HFCL & More

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Stocks in Focus on Oct 7: Airtel, Nykaa, Britannia, NTPC, HFCL & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- HCL Technologies (NS: HCLT ): The IT major will train nearly 18,000 tech and consulting professionals on Google (NASDAQ: GOOGL ) Cloud to accelerate digital transformations globally.

Bharti Airtel (NS: BRTI ): The telecom company has launched its 5G services in 8 cities across the country, including Siliguri, Nagpur and Varanasi.

NTPC (NS: NTPC ): India’s largest energy conglomerate has signed an MoU with GE Gas Power to jointly reduce carbon emissions at its 645 MW Kawas gas power plant in Gujarat.

Britannia (NS: BRIT ): The FMCG giant has acquired a 51% controlling stake in the Kenya-based company Kenafric Biscuits for a cash consideration of Rs 9.2 crore.

Dabur: The Chyawanprash-manufacturer has warned that its operating margin could fall by 150-200 bps YoY in Q2 due to soaring inflationary pressures.

SBI (NS: SBI ) Cards: The credit card company has appointed Rashmi Mohanty as its MD & CEO for three years, starting Oct 6, 2022.

Nykaa (NS: FSNE ): The e-commerce company has announced entering a strategic alliance with the largest retail conglomerate in the Middle East, Apparel Group, foraying into the Gulf Cooperation Council (GCC) region. The new omnichannel entity will have a new brand name.

HFCL (NS: HFCL ): The telecom company has partnered with Qualcomm (NASDAQ: QCOM ) Technologies to design and develop 5G outdoor small cell products, aiding quicker rollout of 5G networks and better 5G user experience, among others.

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