2024-04-01 06:12:08
Stocks to watch-
◆ HDFC Bank: The lender plans to sell its 100% stake in HDFC Education and Development Services through the Swiss challenge method. After the Swiss challenge process is over, the bank will decide on the purchaser.
◆ Bank stocks: The RBI authorised 11 banks to import both gold and silver in FY25 from April 1. Axis Bank, HDFC Bank, SBI, Karur Vysya Bank are among eligible buyers for gold and silver and Indian Overseas Bank, PNB and Union Bank of India can buy only gold.
◆ Infosys: The IT major expects a refund of Rs 6,329 crore from the Income Tax Department. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore. ◆ NTPC: The company has discontinued operations of 2x110 MW Barauni Thermal Power Station Stage-l permanently.
◆ JSW Steel: Unit JSW Vijayanagar Metallics commissioned 5 MTPA capacity hot strip mill at its Vijayanagar plant.
◆ Bank of India: The lender received a tax demand of Rs 564.4 crore from income tax department for AY18-19.
◆ Punjab National Bank: The board approved raising capital up to Rs 10,000 crore via compliant bonds, in one or more tranches during FY25.
◆ Torrent Power: The company has received letter of award from its distribution unit for setting up 150 MW grid-connected wind solar hybrid project with a cost of Rs 1,825 crore.
◆ Asian Paints: The board approved investment of Rs 200 crore in unit Asian Paints International.
◆ JM Financial: Atul Mehra ceases to hold office as Joint MD effective March 28 and Adi Patel redesignated as MD from Joint MD effective April
◆ Strides Pharma: The corporate insolvency resolution process against unit Strides Alathur has been stayed by the NCLT.
◆ Shriram Finance: The company approved and allotted NCDs on private placement basis. The issue size is Rs 733 crore with a greenshoe option of Rs 617 crore.
◆ Aurobindo Pharma: Unit CuraTeQ Biologics signed an agreement with Merck Sharpe & Dohme Singapore Trading for contract manufacturing operations.
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