Stocks in news: General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla

economictimes.indiatimes.com:

General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla among others will be in focus due to various news developments.

General Insurance Corp
The government has proposed to sell 6.78% stake in General Insurance Corporation of India via offer for sale (OFS) and has set the floor price for the issue at Rs 395 per share.

ONGC
ONGC is considering setting up a multibillion dollar refinery and petrochemical project in the nation’s most populous state to bolster its business as fuel demand expands.

SpiceJet
Delhi airport operator DIAL has asked SpiceJet to clear its dues at the earliest, PTI reported, even as the airline asserted that there are no immediate concerns regarding payments.

ZEE Entertainment
The Ministry of Corporate Affairs grants approval for extension for holding AGM for the company.

NHPC
State-owned NHPC said it has re-entered a memorandum of understanding (MoU) with the Department of Water Resources (WRD).

Cipla
MK Hamied resigned as Vice Chairman and Non-Executive Director of the company with effect from October 29, 2024 due to age and health.

AU SFB
AU SFB has submitted an application to RBI for voluntary transition from a Small Finance Bank to Universal Bank.

GSK Pharma
GSK Pharma received an income tax refund of Rs 222.23 crore for assessment year 2022-23.