Business, Money & Banking

Stocks to Watch: Paytm, Adani Transmission, Hero MotoCorp, Coal India, ONGC

Stocks to Watch: Paytm, Adani Transmission, Hero MotoCorp, Coal India, ONGC

One97 Dispatches The Reserve Bank of India( RBI) has asked Paytm Payments Services Limited to resubmit the operation to operate as a payment aggregator. The banking controller put a pause on the onboarding of online merchandisers by Paytm Payments Services.

One97 Dispatches had proposed to transfer the payment aggregator services business accepted by it to Paytm Payments Services( PPSL) in December 2020 to misbehave with payment aggregator( PA) guidelines of the RBI but the banking controller had rejected its operation.

Adani Transmission An Adani Group company has sought a licence to expand its power distribution business into further areas of Mumbai, including the country’s largest vessel harborage JNPT. In an announcement published in several journals in the megacity on Saturday,

Adani Electricity Navi Mumbai( AENM) said it has approached the Maharashtra Electricity Regulatory Commission( MERC) for a distribution licence in some pockets of the Mumbai Metropolitan Region along with its listed parent Adani Transmission.

Idol MotoCorp Hero MotoCorp has blazoned that it’ll be adding the prices of its motorcycles and scooters soon. The price hike will vary as per specific models and requests and will be effective from December 1, 2022. As blazoned by the company,

products will see a price rise of over to ₹,500. This will be the fourth time idol Motorcycles will get a price hike. The last price increase was blazoned in September this time. The price was increased by over to ₹,000 also.

Coal India Coal India Limited on Friday said that it has clocked its quickest 400 million tonnes of coal product for any financial time in the company’s history. It expects coal product to increase further in the coming months to hit its target of 700 MT in FY23.

Last time, Coal India had produced 342 MT on November 24 and had hit the record time affair of 400 MTs, 31 days ahead compared to 25 December. This time, the same amount of product was achieved 31 days ahead compared to last time.

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