Stocks to Watch: Maruti, Reliance, PNB, Sun Pharma, Paytm – Mint

Maruti: Maruti Suzuki India has ruled out getting back into the diesel segment as it believes sales of such vehicles would continue to decline with the onset of the next phase of emission norms in 2023.

In August 2019, RIL and Saudi Aramco had signed a letter of intent for the latter to potentially acquire a 20% stake in the Ambani-led firm.

ONGC: The petroleum ministry’s proposal to give away ONGC’s biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company, which has said the government should empower and give the company a level-playing field rather than giving away its prime assets to the private sector on a platter.

Paytm: One97 Communications Ltd., the parent of Paytm, reported an overall gross merchandise value for October.

Punjab National Bank: A vulnerability in the server of Punjab National Bank allegedly exposed the personal and financial information of its about 180 million customers for about seven months, according to cyber security firm CyberX9.

Cadila Healthcare: Drug firm Zydus Cadila has said that it has received approval from the US health regulator to market Decitabine injection, used to treat certain types of cancers, in the American market.

FMCG stocks: The repeal of India’s three controversial farm laws may impact sourcing plans of food companies and the recently introduced production-linked incentive scheme in food processing, industry executives said.

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