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    Stocks in the news: TCS, Kotak Mahindra Bank, DHFL, Airtel and Indian Bank

    Synopsis

    Kotak Bank said the RBI has approved the re-appointment of Uday Kotak as MD of the bank for a further period of three years.

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    HDFC Bank said it has approved the appointment of Sanmoy Chakrabarti as the Chief Risk Officer (CRO) for three years.
    Nifty futures on the Singapore Exchange traded 31 points, or 0.23 per cent, lower at 13,560.50, in signs that Dalal Street was headed for a negative start on Tuesday. Here are a few stocks which may buzz the most in today's trade:

    Indian Bank: The bank said it has raised Rs 560 crore by issuing Basel III compliant bonds on private placement basis.

    TCS: IT services major Tata Consultancy Services (TCS) on Monday said it has expanded its strategic partnership with Star Alliance, the world's largest airline alliance. TCS' partnership with Star Alliance spans over 15 years and multiple geographies.

    Kotak Mahindra Bank: Private sector Kotak Mahindra Bank (KMB) said the Reserve Bank of India (RBI) has approved the re-appointment of Uday Kotak as managing director of the bank for a further period of three years.

    DHFL: US-based Oaktree on Monday pipped Piramal Enterprises and Adani Group to emerge as the highest bidder for DHFL after fresh bids were invited under the insolvency process, according to sources.

    ICICI Securities: The broking firm has announced the launch of a zero brokerage plan ‘ICICIdirect Neo’, which offers unlimited trading with zero brokerage on all futures trades and flat Rs. 20 per order for intraday and options trades.

    JSW Steel: JSW Steel raised $250 million by selling bonds overseas. The bond sale is an extension to its earlier issuance in October, when the steel maker raised $500 million.

    Bank of Maharashtra: The bank said it has raised over Rs 200 crore through private placement of Basel III-compliant tier II bonds.

    HDFC Bank: HDFC Bank said it has approved the appointment of Sanmoy Chakrabarti as the Chief Risk Officer (CRO) for three years.

    Vodafone Idea, Bajaj Finance: Vodafone Idea and Bajaj Finance, the lending and investment arm of Bajaj Finserv Group, have teamed up to facilitate easy access to smartphones at "affordable" EMIs, along with 6 months and 1-year prepaid plans from the telco.

    Bharti Airtel: Telecom major Bharti Airtel is of the view that average revenue per users (ARPUs) would have touched Rs 200 already had the pandemic not happened, and believes that the company should get there in the next few months, according to a latest Goldman Sachs report.

    Burger King India: Quick service restaurant Burger King jumped 130.67 per cent on its debut on Monday, from its issue price of Rs 60. Also, Basant Maheshwari Wealth Advisers picked up 24,31,959 shares of the company at Rs 112.79 per share.

    Tech Mahindra: Tractor to software conglomerate Mahindra Group’s IT arm Tech Mahindra is liquidating Pininfarina Engineering, a unit of its Italian subsidiary Pininfarina SpA, citing strategic irrelevance of the business and poor market visibility.

    Godrej Properties: Realty firm Godrej Properties on Monday said it has been ranked first among listed global residential developers by Global Real Estate Sustainability Benchmark (GRESB).

    Thomas Cook (India): Travel services firm Thomas Cook India on Monday said it along with its arm SOTC has collaborated with WelcomHeritage Hotels to introduce holiday experiences across India.

    DHFL: DHFL erstwhile promoter Kapil Wadhawan has sent a proposal to repay the entire outstanding dues of the mortgage lender. Wadhawan in his proposal had claimed that lenders will not have to take a haircut as per his plan.

    Snowman Logistics: Adani Logistics continued to trim its stake in Snowman Logistics as it sold another 12,45,956 shares in the company at Rs 62.21 per share.

    S Chand & Co: Everstone Capital Partners II LLC sold a total of 4,00,000 shares of S Chand & Co at Rs 71.30 per share. It held 9.38 per cent stake in the company at the end of September quarter.

    G G Engineering: TCG Funds 1 bought 100,500 shares of G G Engineering at Rs 99.50 per share.




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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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