Stocks in the news: Paytm, Latent View, Reliance Ind, Sun Pharma, IRB Infra and Laurus Labs

Paytm: The company, which got listed on domestic bourses last week, said its gross merchandise value — or payments made to merchants through its platform — jumped 131 per cent to $11.2 billion last month from a year earlier.

Reliance Industries: After missing two self-imposed deadlines, billionaire Mukesh Ambani’s Reliance Industries Ltd has shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of $15 billion as the Indian firm focuses on new energy business.

Latent View Analytics: The company, whose Rs 600-crore initial public offer (IPO) attracted a record 338 times bids, will make market debut on Monday. The IPO, which was sold from November 10 to November 12, had received subscription for 572.18 crore shares worth Rs 1.12 lakh crore. This was more than five times the demand for India’s largest-ever IPO from Paytm.

Sun Pharmaceutical Industries: The drug maker is recalling over 1.10 lakh bottles of a generic medication used to treat erectile dysfunction in men in the US market due to a manufacturing error.

IRB Infrastructure Developers: The company said that its shareholders have passed a resolution which will enable capital inflow of Rs 5,347 crore into the company.

Laurus Labs: The company said it has signed an investment agreement with Immunoadoptive Cell Therapy Private Limited (ImmunoACT), an advanced cell and gene therapy company, to acquire 26.62 per cent stake on fully diluted basis for about Rs 46 crore.

Industries: The company said its arm Renuka Investments and Finance has completed the acquisition of 5.2 crore shares of Ryker Base for a consideration of Rs 167.54 crore.

Vedanta: The company said the Supreme Court has permitted the government to go ahead with the proposal to divest its complete stake in Hindustan Zinc Ltd in the open market. Hindustan Zinc is a subsidiary of Vedanta Ltd.

Cadila Healthcare: Drug firm Zydus Cadila said it has received approval from the US health regulator to market Decitabine injection, used to treat certain types of cancers, in the American market.

Route Mobile: The Communication Platform as a Service (CPaaS) provider, said it has raised Rs 867.49 crore via Qualified Institutional Placement (QIP). The QIP saw interest from a mix of international and domestic investors and several existing and new shareholders participated in the QIP, a statement said.

Developers: Realty firm Parsvnath Developers has tied up with Unity Buildwell to develop a 4 lakh square feet luxury retail mall in West Delhi and both partners expect rental income of at least Rs 100 crore annually from this project.

IT stocks: US-based IT firm Cognizant has said it expects its revenue to grow 8-11 per cent in annual constant currency terms during 2022-24.

Spencer’s Retail: RP Sanjiv Goenka group company Spencer’s Retail’s growth driver will be large format stores as it expects massive headroom for growth in retail when Indian modern retail to double its size over the next couple of years, company officials said on Sunday.

MTNL: The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 970 crore, according to documents uploaded on the DIPAM website.

Kesoram Industries: B K Birla Group flagship Kesoram Industries board on Saturday approved to raise fund up to Rs. 2,500 crore to lower the cost of borrowing to replace high-cost NCDs and OCDs.

PNB: A vulnerability in the server of Punjab National Bank allegedly exposed the personal and financial information of its about 180 million customers for about seven months, according to cyber security firm CyberX9.

SBI: State Bank of India (SBI) is yet to return Rs 164 crore of undue fee charged from the account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) towards digital payments during April 2017 and December 2019, a report said.

NMDC: Workers of state-owned NMDC have urged the government to “re-examine” its decision to demerge the company’s under-construction Nagarnar Steel Plant (NSP) coming up near Bastar in Chhattisgarh.

ONGC: The petroleum ministry’s proposal to give away

‘s biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company, which has said that the government should empower and give the company a level-playing field rather than giving away its prime assets to the private sector on a platter.

Maruti Suzuki India (MSI): The automaker has ruled out getting back into the diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023, according to a senior company official.