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Stocks to watch: Bajaj Auto, Infosys, Wipro, Ruchi Soya, M&M, SBI Card, PNB

Here are the top stocks to track in today s session: Bajaj Auto:Bajaj Auto has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore. Wipro: Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021. In another update, the company has inked $700 million takeover deal with Metro AG and over 1,300 staff from German company would move to the Indian firm. Punjab & Sind Bank: The Centre, in a first move of its kind, has issued Rs 5,500 crore in zero-coupon bonds for recapitalising Punjab and Sind Bank and allowed it to park the paper in its held-to-maturity category at face value rather than the discounted market rate.

Stocks in focus: Wipro, Antony Waste, Ruchi Soya, Majesco, Adani Logistics, Reliance Capital

Stocks in focus: Wipro, Antony Waste, Ruchi Soya, Majesco, Adani Logistics, Reliance Capital
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Sebi imposes Rs 1 lakh fine on Reliance Capital for regulatory violations

Markets watchdog Sebi on Tuesday imposed a fine of Rs 1 lakh on Reliance Capital Ltd for violation of Depositories and Participants Regulations back in 2010. As per the regulations, depository participants are restricted from delegating their function to any other person, without the prior approval of the depository. During an investigation, Sebi found that in the process of investor grievance redressal mechanism, there were certain complaints against Reliance Capital (noticee) as a depository participant. The replies to those complaints were given by Reliance Securities Ltd (RSL) in the capacity of a depository participant. The regulator conducted an inspection of Reliance Securities on August 13-14, 2012 for the duration of April 2010 to March 2012.

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