Global Markets

PRE-MARKET INDIAN STOCKS NEWS: ONGC (ONGC IS) secured a licence from the US Treasury's OFAC to resume full operations in Venezuela

StockNow breaking-news AI analysis

ONGC resumes Venezuela operations under US licence, while Paytm faces a major stake sale. SpiceJet avoids immediate insolvency rulings through a settlement, and Lupin gains key US FDA approval.

News detail

Bharti Airtel (BHARTI IS) - Co.’s Airtel Payments Bank appointed Shabnam Sinha as chairperson for a three-year term beginning 1 October, replacing Sunil Bharti Mittal. (Economic Times) Lupin (LPC IS) - Co. secured final US FDA clearance for a generic version of Pitolisant tablets used in the treatment of excessive daytime sleepiness. (Economic Times) One 97 Communications (PAYTM IS) - Resilient Asset Management BV plans to sell as many as 19.2mln shares, equal to around 3% of the Co.’s outstanding share capital, through a block or bulk transaction worth up to INR 48.95bln. (Economic Times) ONGC (ONGC IS) - Co. received authorisation from the US Treasury's OFAC to restart full operations in Venezuela after years of reduced activity due to sanctions-related constraints. (Economic Times) SpiceJet (SJET IS) - India's NCLT postponed decisions on eight insolvency petitions brought against the Co. by aircraft lessors after it reached a last-minute agreement with one of them. (Economic Times) Zee Entertainment Enterprises (Z IN) - Co. named Ashish Mishra as Chief Marketing Officer as part of efforts to bolster marketing and deepen consumer engagement across its businesses. (Economic Times)

1 stocks

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.