Zomato, TCS, IndusInd Bank among top stocks to watch out for on April 5

Apr 5, 2022

By: Bhakti Makwana

Zomato

The Competition Commission of India has ordered a detailed probe against Zomato and Swiggy for alleged unfair business practices with respect to their dealings with restaurant partners.

Credit: BCCL

IndusInd Bank

The bank informed exchanges that its net advances rose 13 percent year-on-year to ₹2.39 lakh crore at the end of March 2022 quarter. Meanwhile, deposits increased by 15 percent year-on-year at ₹2.93 lakh crore.

Credit: Hindustan-Zinc

Tata Consultancy Services

The IT major has signed a material multi-year contract with a large American company expanding its long-standing partnership to accelerate their cloud transformation journey. Also, it has entered into a deal with Canadian firm Payments Canada to transform its payment system.

Credit: Hindustan-Zinc

Hindustan Zinc

The company announced that its metal production grew percent year-on-year in FY22.

Credit: Hindustan-Zinc

InterGlobe Aviation

IndiGo has appointed former IAS officer RK Singh as principal advisor to managing director Rahul Bhatia with immediate effect.

Credit: BCCL

Vedanta

The mining giant reported a rise of 8 percent year-on-year in its production of aluminium and zinc and that of iron ore by percent during the quarter ended March 31, 2022.

Credit: Vedanta

3i Infotech

The company has secured a cloud transformation deal for its NuRe platform from one of the large commercial banks in the Asia-Pacific region for approximately ₹6.04 crore.

Credit: BCCL

Piramal Enterprises

The company's subsidiary Piramal Pharma has acquired an additional stake of 5.55 percent in Yapan Bio for ₹20.35 crore taking the overall stake in Yapan to 33.33 percent.

Credit: BCCL

SBI Cards and Payment Services

Private equity firm Carlyle Group will sell all of its stake in the firm for ₹2,558 crore via block trade.

Credit: BCCL

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