Stocks in news: Vedanta, LIC, Reliance, GMR Airports, Vodafone Idea

Markets staged a strong rally on Monday and ended with gains of over a percent. In today's trade, shares of Vedanta, LIC, Reliance, GMR Airports, Vodafone Idea among others will be in focus due to various news developments.

LIC
Insurance behemoth Life Insurance Corporation of India (LIC) on Monday announced the launch of a month-long campaign for revival of individual lapsed policies.

Vedanta
Vedanta board to consider second interim dividend on August 21. Record date for the same has been set as August 27.


GMR Airports
GMR Airports said it has served notice for the voluntary redemption of its non-convertible bonds (NCBs) in line with the provisions of the bond trust deed dated November 17, 2023.

Reliance
Reliance Consumer announced its entry into the healthy functional beverage category with a majority stake acquisition in a joint venture with Naturedge Beverages.

Vodafone Idea
Debt-ridden Vodafone Idea is looking to raise funds from non-banking sources to maintain continuity of its capex plan, a top official of the company said.

Glenmark Pharma
Drug makers Glenmark, Alembic Pharmaceuticals and Sun Pharma are recalling products in the US due to manufacturing issues, according to the US health regulator.

Hindustan Zinc
Hindustan Zinc, a subsidiary of Vedanta, on Monday announced the setting up of a 10 MTPA tailings reprocessing plant as part of the Company’s overall growth plan to double the capacity.