Stocks in news: TVS Motor, Wipro, Aster DM Healthcare, RVNL, ZEE

Lifted by favourable global sentiment and solid direct tax collection, Indian markets rebounded on Wednesday closing with modest gains. In today's trade, shares of TVS Motor, Wipro, Aster DM Healthcare, RVNL, ZEE among others will be in focus due to various news developments.

TVS Motor

The Board of TVS Motor approved a scheme of arrangement between the company and its shareholders, under which, it will issue and allot cumulative redeemable preference shares by way of bonus.

RVNL

RVNL emerged as the lowest bidder for a project worth Rs 167.28 crore of SER HQ-Electrical/South Eastern Railway.

Wipro

Wipro announced that Anne-Marie (Annie) Rowland has been appointed to the role of Capco’s Chief Executive Officer. Annie is currently Managing Partner of Capco’s business in the UK and Ireland and a member of Capco’s Global Leadership Team.

ZEE

Zee Entertainment Enterprises (Zee) is implementing a risk mitigation and business continuity plan to ensure that the company's operations don't get impacted due to external factors.

Reliance Power

Anil Ambani-led Reliance Power settled the debts owed to three banks - ICICI Bank, Axis Bank, and DBS Bank - last week.

LIC

State-run Life Insurance Corporation of India (LIC) said it has fired an employee, who has been banned by markets regulator Sebi in a front-running case after the incident was reported last year.

Aster DM Healthcare

Aster DM Healthcare announced its plan to sell the shares held by Affinity Holdings, a wholly owned subsidiary of the company in Aster DM Healthcare FZC to Alpha GCC Holdings.

NBCC (India)

NBCC (India) has been selected by the Ministry of External Affairs for providing project management consultant services for construction of chancery-cum-residential complex at CGI, Jeddah.