HDFC Bank, SREI Infra, ONGC, Airtel and other stocks to watch out for as markets tumble across the world
Oct 5, 2021
Credit: BCCL
HDFC Bank
HDFC Bank reported a 15.4 percent increase in advances to INR 11.99 lakh crore at the end of September. Retail loans grew 13 percent while commercial and rural banking loans surged 28 percent.
Credit: BCCL
ONGC
Crude oil prices surged after OPEC+ hinted that it will continue on its trajectory of slow and steady increase in production. Brent crude gained over 3 percent to cross $81 per barrel.
Credit: ONGC
PVR and Nazara Tech
Reports suggest that the company has teamed up with Nodwin Gaming to stream gaming tournaments in its theatres. Nazara owns a majority stake in Nodwin.
Credit: PVR
SREI Infrastructure Finance
RBI has superseded the board of the company due to corporate governance issues and defaults. It has appointed Rajneesh Sharma, former chief general manager of Bank of Baroda, as the new administrator.
Credit: SREI Infrastructure Finance
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RBI also announced that it would initiate insolvency proceedings against SREI Infrastructure.
Credit: SREI Infrastructure Finance
Bharti Airtel
Its ₹21,000 crore rights issue opens today and will be live till October 21. Shareholders who held Airtel shares on September 28 will be entitled to subscribe to one share for every 14 shares held. There’s more…
Credit: BCCL
Airtel, Vodafone Idea
Govt is considering an out of court settlement, on the lines of its Vivad se Vishwas scheme, according to media reports. It is also suggested that the Govt may scrap existing spectrum usage charges, which would offer a major relief to telcos.
Credit: Airtel, Vodafone Idea
Tata Steel
Entered into a Memorandum of Understanding with Rail Vikas Nigam to implement infrastructure projects either on a nomination basis or through a special purpose vehicle.
Credit: Tata Steel
M&M Financial Services
Disbursements surged 23 percent in September 2021, while overall Q2 2021 disbursements jumped 60 percent, year-on-year. Collection efficiency stood at 100 percent in September.
Credit: M&M Financial Services
JSW Energy
Entered into a contract with Senvion India to give a 591MW boost to its wind energy projects via procurement of new turbines.
Credit: JSW Energy
HFCL
Bagged a ₹288 crore project from RailTel Corporation of India for setting up network infrastructure for the defence forces.
Credit: HFCL