HDFC Bank: The largest private lender shared headline numbers for its June quarter, which showed loan growth moderation and contraction in its retail credit book. The overall advances grew at a modest pace of 14 per cent YoY and 1.3 per cent sequentially, taking its total loan book to Rs 11.5 lakh crore.
Tech Mahindra: The IT major said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform ‘VaccineLedger’ globally.
Maruti Suzuki: The country’s largest carmaker said its total production last month rose to 1,65,576 units as various states eased COVID related restrictions. The company had produced a total of 40,924 units in May this year, Maruti Suzuki said.
FMCG Stocks: The leading companies in the country are expecting their sales growth numbers in high double digit in the April-June quarter, a period when the broader market was severely impacted by the second wave of the COVID-19 pandemic.
IndusInd Bank: The private lender witnessed a 7 per cent growth in its net advances to more than Rs 2.11 lakh crore at the end of June this year, according to a regulatory filing. The net advances stood at Rs 1.98 lakh crore at the end of June 30, 2020.
NTPC: The state owned power producer said its subsidiary Vidyut Vyapar Nigam Ltd (NVVN) has floated a tender for deployment of hydrogen fuel cell buses in Delhi and Leh. The bid document sale commenced from June 30, 2021 and will continue till July 16, 2021, NTPC said.
Tata Motors: The homegrown auto major said it plans to increase prices of its passenger vehicle range due to increase in input costs. The auto major did not share details on the time frame of the intended price hike but noted that would happen “shortly”.
Info Edge: Food delivery platform Zomato has received markets regulator Sebi’s go-ahead to raise Rs 8,250 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 7,500 crore and an offer-for-sale to the tune of Rs 750 crore by
(India).
Raymond: The textile and apparels firm said CEO of its lifestyle business Joe Kuruvilla has decided to step down. Kuruvilla, who was with the company for a brief period of eight months, has cited personal reasons for this decision.
NMDC: The state-owned miner announced government plans to offload 4 per cent stake in the company through an offer for sale (OFS) which opens for subscription on Tuesday. The floor price for the offer shall be Rs 165 per equity share,
informed the stock exchanges.
Vodafone Idea: Limited visibility around tariff hike and lack of clarity on new funding could make Vodafone Idea “more dependent” on any form of government relief for improvement of its fundamentals, BofA Securities has said in its latest report.
Enterprises: The financial services player said its shareholders have approved a proposal for raising Rs 570 crore via preferential issuance of shares to a clutch of investors, including existing shareholders, to fund its business plans.
