HDFC Bank, SREI Infra, ONGC, Airtel and other stocks to watch out for as markets tumble across the world

Oct 5, 2021

By: Rounak Jain

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RBI has superseded the board of the company due to corporate governance issues and defaults.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

Contd...

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: MM-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

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