Last Updated:
Govt OFS in IRFC sees strong demand, Vedanta forms realty arm, LIC CFO quits, Tata Motors PV plans up to Rs 40000 crore capex, Bandhan Bank hikes FD rates.
Stocks To Watch Today, June 25.
The Indian equity market is likely to see a gap up opening with Gift Nifty traded above 82 points or 0.34 per cent to 24,105.
The falling crude oil prices and winding up of the Iran-US tensions in West Asia have led to a positive and conducive sentiment among investors, with the benchmark indices gaining the upward momentum.
Sensex surged 1 per cent to close 76,991 on Thursday. Nifty also followed suit to end Wednesday’s session by 197 points higher or 0.83 per cent to 24,021.
IRFC: OFS
The government’s Offer for Sale (OFS) in Indian Railway Finance Corporation (IRFC) attracted strong interest from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday.
Vedanta: Sets Up Real Estate Subsidiary
Vedanta has incorporated a wholly owned subsidiary, Vedanta Property Platforms Ltd (VPPL), in Mumbai. The new company will undertake real estate development and related business activities.
HCL Technologies: Announces Two AI Partnerships
HCL Technologies unveiled two strategic collaborations aimed at expanding its AI-powered offerings for the telecom and enterprise technology sectors.
LIC: CFO Steps Down
Life Insurance Corporation of India (LIC) said Chief Financial Officer and Key Managerial Personnel Sunil Agrawal has resigned from his position to pursue better career opportunities.
Tata Steel: Infuses $172 Million Into Singapore Unit
Tata Steel has invested $172 million (₹1,625.29 crore) in its wholly owned Singapore-based subsidiary, T Steel Holdings Pte. Ltd, as part of a previously approved multi-billion-dollar investment programme.
Bharat Forge: Acquires 90% Stake in RS Aerostructures
Bharat Forge’s wholly owned subsidiary, BF Industrial Solutions Ltd, has completed the acquisition of a 90% stake in RS Aerostructures Ltd by purchasing 36 lakh equity shares. The company has now become a step-down subsidiary.
Reliance Industries: Karkinos Crosses One Lakh Screenings
Karkinos Healthcare, a wholly owned step-down subsidiary of Reliance Industries, said it has screened more than one lakh women across India through HPV DNA testing, marking a milestone in cervical cancer prevention.
Tata Motors PV: Plans ₹40,000 Crore Investment
Tata Motors Passenger Vehicles plans to invest between ₹37,500 crore and ₹40,000 crore over the next five years to expand manufacturing capacity by nearly 45% and launch multiple new models, targeting annual sales of over 1.2 million units.
Swiggy: Leadership Changes at Instamart
Swiggy’s quick-commerce arm Instamart is undergoing a leadership transition, with Chief Operating Officer Ankit Jain and Chief Business Officer Hari Kumar stepping down. The company has identified a successor for one of the roles, who is expected to join in the coming weeks.
Bandhan Bank: Hikes Fixed Deposit Rates
Bandhan Bank has increased interest rates on select fixed deposits by up to 20 basis points. Senior citizens can now earn up to 7.95% on deposits with a tenure of two years to less than three years.
Torrent Power: Raises ₹3,800 Crore
Torrent Power has raised ₹3,800 crore through the issuance of non-convertible debentures (NCDs).
Equitas Small Finance Bank: Approves ₹1,750 Crore Fundraising
Equitas Small Finance Bank’s board has approved a proposal to raise up to ₹1,750 crore through a combination of debt and equity to support future business expansion.
Hindustan Copper: Secures Forest Clearance
State-owned Hindustan Copper has received forest clearance from the Rajasthan government for mining operations at the Chandmari copper mine.
About the Author
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I…Read More
Read More
Source link
[ad_3]
