Stocks News: Tata Communications, PVR, Adani Tranmission and other stocks in the news today | Company

NEW DELHI: SGX Nifty Trends Point to Positive Opening for Indian stock Exchange. The BSE Sensex jumped 491 points to 58,411, while the Nifty50 rose 126 points to 17,312.
US stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of America was the latest financial firm to post strong quarterly results, boosting optimism about corporate earnings season. The Dow Jones Industrial Average rose 550.99 points to 30,185.82, the S&P 500 gained 94.88 points to 3,677.95.
Stocks in the Asia-Pacific region traded higher on Tuesday after Wall Street rallied overnight.
The Reserve Bank of India sold $23.11 billion on a gross basis in August as it sought to stem the rupee’s slide against the U.S. dollar, according to data released Oct. 17 by the central bank. This follows a record July, when the RBI sold $38.77 billion to defend the rupee.
Actions in the news
Delta CorporationIndiabulls Housing Finance and India Cements – are on the NSE F&O ban list for October 18.
ICICI LombardSchaeffler India, Gujarat Fluorochemicals, Polycab India, L&T Technology Services, Tata Communications are among the companies that will report their quarterly results today.
Zee Entertainment Company: Invesco Developing Markets Fund will sell a 5.51% stake in the major media company on Tuesday in a block transaction that will net the investor up to $169.5 million, under the terms of the agreement. The stake will be discharged at a price range of Rs 250 to Rs 263.7 per share.
Star Housing Finance: The NBFC Board of Directors has approved the splitting of one share (par value Rs 10) into two fully paid shares (par value Rs 5) and the issuance of one free share for each fully paid share.
V-Mart Retail: The fashion retailer said it will acquire online marketplace LimeRoad, which will help it expand its presence in the omnichannel space. The company has signed a business transfer agreement with AM Marketplaces and certain other parties to acquire its LimeRoad business as a going concern. on a declining sales basis.
HeidelbergCement India: The cement maker reported an 88.23% drop in net profit to Rs 7.01 crore in the second quarter ended September 30, 2022, citing lower sales volume. The company had reported a net profit of Rs 59.56 crore in the prior year period.
PVR: Multiplex Operator Recorder reported a net loss of Rs 71.23 crore for the quarter ended September 30, 2022.
Oil India: The company is interested in obtaining a Petroleum Mining Lease (PML) in an area spanning 67 square kilometers in Jaisalmer and Bikaner under the Discovered Small Field policy.
Samvardhana Motherson: The Japanese company Sojitz Corp will sell 1.9% of the capital of Samvardhana Motherson as part of a global agreement.
Adani Transmission: The company saw a 13% increase in the number of power units sold during Q2FY23 as demand from the commercial segment continued to increase.