Tata Motors, Kotak Mahindra Bank, IndusInd Bank among stocks to watch out for on July 5

Jul 5, 2022

By: Bhakti Makwana

Kotak Mahindra Bank

The Reserve Bank of India imposed a monetary penalty of ₹1.05 crore on the bank for non-compliance with certain directions issued by the central bank.

Credit: BCCL

Tata Motors

The automaker is witnessing strong demand for its vehicles across commercial vehicles and passenger vehicles despite ongoing geopolitical, supply and inflation concerns.

Credit: BCCL

Vedanta

The company said that its alumina production in Q1FY23 at Lanjigarh refinery increased marginally on year to 4.85 lakh tonnes.

Credit: BCCL

IndusInd Bank

The Reserve Bank of India imposed a monetary penalty of ₹1 crore on the bank for non-compliance with certain directions.

Credit: BCCL

Tata Consultancy Services

The IT major said a US court reduced the compensatory and punitive damages demanded from the company to $420 million in a lawsuit filed by Epic Systems Corporation.

Credit: BCCL

Cipla

The US Food and Drug Administration has issued a warning letter to the drugmaker, citing two observations relating to violations of good manufacturing practices at its Indore facility.

Credit: BCCL

Muthoot Finance

The gold loan-focussed NBFC has received an approval from RBI to open additional 150 branches across the country.

Credit: BCCL

Tata Steel Long Products

The company has completed the acquisition of state-owned Neelachal Ispat Nigam for ₹12,100 crore.

Credit: BCCL

Marksans Pharma

The company will hold a meeting on July 8 to consider the proposal for share buyback.

Credit: Marksans-Pharma

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