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Stocks in news: Infosys, BPCL, Lux Industries, Nuvoco Vistas and more

Stocks in news: Infosys, BPCL, Lux Industries, Nuvoco Vistas and more

Sep 07, 2021

On September 5, Sensex and Nifty closed at their lifetime highs. Sensex rose 166 points to end at 58,296 and Nifty gained 54 points to 17,377, driven by gains in index majors Reliance Industries and Infosys amid strong global cues and unabated foreign capital inflows

The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest have been received.

Uncertainty over bidder consortiums, process complexity can delay BPCL privatisation: Fitch Ratings

Sep 06, 2021

Affirming BPCL's rating at 'BBB-' with a negative outlook, Fitch said it continues to treat the potential divestment of the company by the Indian government as an event risk.

The virtual assistant offers services such as LPG booking, price and payment status, and delivery status of booked LPG cylinder and refill history

BPCL rolls out AI enabled chatbot 'URJA'

Aug 21, 2021

The chatbot is "an intelligent virtual assistant with AI/NLP (Natural Language Processing) capabilities and trained on more than 600 use cases," the company said in a statement

Finance Minister Nirmala Sitharaman

'Unglamorous but necessary': FM Sitharaman explains reason behind disinvestment delays

Aug 18, 2021

Concerning the privatisation of companies such as Air India, BPCL, and others, FM Sitharaman said it's her "very optimistic and effort-driven belief" that the government will be able to conclude the same by the year-end

BPCL has already launched 63 mobile dispensers which are serving customers in West Bengal, Bihar, Jharkhand, Odisha and Northeast states

BPCL launches door-to-door diesel delivery service

Aug 14, 2021

BPCL is expected to deliver diesel via mobile browsers and 9 Jerry can facilities spread across different areas of the Eastern Region of the country

This stake sale has been proposed in order to help BPCL's new owner avoid making an open offer for the two gas companies

BPCL yet to decide on stake sale in Petronet, Indraprastha Gas

Aug 13, 2021

BPCL holds 12.5% stake in Petronet and a 22.5% stake in city gas retailer, Indraprastha Gas Ltd (IGL). BPCL is a promoter of both these listed companies and holds board positions in both of them

Pandey noted that "we intend to do Air India privatisation, BPCL privatisation, Shipping Corp of India, Pawan Hans, BEML and Neelachal Ispat Nigam Ltd this year."

Disinvestment of PSUs back on track after COVID-induced setback: DIPAM Secy

Aug 11, 2021

Stressing that privatisation of Air India, BPCL, Shipping Corp of India, Pawan Hans, BEML and Neelachal Ispat Nigam Ltd would be completed this year, Pandey said change of ownership and control would give a lot of fillip to the valuations of the stock market listed companies

A separate joint venture of the firm with BP, called RBML Solutions India Ltd too has got a licence

RIL, Reliance-BP Mobility get fuel retailing licence: Centre

Aug 10, 2021

RIL already had a fuel retailing licence, under which it had set up over 1,400 petrol pumps in the country. But this licence was transferred to its subsidiary Reliance BP Mobility (RBML)

100% FDI under automatic route in oil, gas PSUs

Govt permits 100% FDI in oil, gas PSUs approved for strategic disinvestment

Jul 30, 2021

The Department for Promotion of Industry and Internal Trade (DPIIT) said in a press note that a new clause has been added to the FDI policy for the sector

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FY22 disinvestment on track despite Covid-19, LIC listing in Q4: Dipam Secy

Jul 28, 2021

Addressing Ficci’s Capital Markets Conference, DIPAM secretary Tuhin Kanta Pandey said, “Despite the problems and pushback from Covid, disinvestment is broadly on track”

Representative image

Kargil Vijay Diwas: BPCL provides dealerships, distributorships to martyrs' families

Jul 26, 2021

BPCL offered fuel station dealerships to 59 martyrs families and Bharatgas distributorships to 32 martyrs families. BPCL has also collaborated with writer and lyricist Manoj Muntashir to create a video showcasing a few lines and poems about the defenders of India