NMDC, Tata Motors, Maruti Suzuki, HDFC Bank, Info Edge
NEW DELHI: Here are the ten main actions that could be in the spotlight today.
Axis Bank: The private sector lender will continue to focus on developing its subsidiaries to enable these companies to gain prominence in their respective segments, Managing Director Amitabh Chaudhry said in his FY21 annual report. “… our objective remains to further develop the subsidiaries so that they gain greater market share in their respective activities,” Chaudhry said in his message to shareholders. The bank has eight national subsidiaries, one in the UK and another. declining subsidiary in the United States.
HDFC Bank: India’s most valuable lender, HDFC Bank, saw its retail loan disbursements plummet, but overall loan growth remained stable. The lender said its retail disbursements were down 30% from the previous quarter, resulting in a sequential contraction in outstanding personal loans of 1%. The overall loan portfolio showed modest growth of 1.3% sequentially.
India Pesticides: The company’s shares debuted on the stock market on Monday. The share listed at ₹350, a premium of 18.24% on its issue price of ₹296 piece. the ₹The initial public offering (IPO) of 800 crore was subscribed 29 times.
Information edge: One of the major players in the Zomato food delivery app, said it was downsizing its Offer for Sale (OFS) size during Zomato’s IPO at ₹375 crore, half of ₹750 crore as expected earlier. The Securities and Exchange Board of India (SEBI) has given the green light for delivery platform Zomato Ltd to raise funds via an initial public offering (IPO), a person familiar with the development told Mint.
Infosys: The IT major shut down 21.86,000 fully paid-up shares of ₹5 each and NIL fully paid shares of ₹5 each, redeemed from June 25 to 28.
Oil stocks: Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as Opec +, called off oil production talks and set no new date to resume them, after clashed last week when the UAE rejected a plan for an eight-month extension of production restrictions, meaning no deal to boost production has been reached.
Maruti Suzuki India: The country’s largest automaker said Monday its total production rose to 1,65,576 units last month, as various states eased restrictions on the covid. The company produced a total of 40,924 units in May this year, said Maruti Suzuki India (MSI). in a regulatory file.
NMDC: Government to sell 7.49% stake in NMDC Ltd through an Offer to Sell (OFS) which could help it earn around ₹3,800 crore for his divestment kitty. “The sale offer at NMDC opens tomorrow for non-commercial investors. Retail investors can bid on Wednesday. Govt. would sell 4% of its shares with a Green Shoe option at 3.49%, “the secretary of the investment and public asset management department, Tuhin Kanta Pandey, tweeted on Monday.
Tata Engines: The company said on Monday that it plans to raise prices for its line of passenger vehicles due to rising input costs. The auto major did not share details on the timing of the expected price hike, but noted it would happen “shortly.”
Yes Bank: Loans and advances from the lender decreased slightly by 0.4% for ₹1.63 lakh crore at the end of June, according to bank data on Monday. Loans and advances amounted to ₹1 63 914 crore as of June 30 compared to ₹1,64,510 crore over the period last year, registering a marginal 0.4% year-on-year decline, Yes Bank said in a regulatory filing.
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