Stocks in the news: HDFC Bank, IndiGo, CSB Bank, RIL, HDFC and VIP Ind

Stocks in the news: HDFC Bank, IndiGo, CSB Bank, RIL, HDFC and VIP Ind

Nifty futures on the Singapore Exchange traded 26.5 points, or 0.19 per cent, higher at 14,253.50, in signs that Dalal Street was headed for a positive start on Wednesday. Here are a few stocks which may buzz the most in today’s trade:

HDFC Bank: The country’s largest private sector lender HDFC Bank said the bank has witnessed a loan growth of 19 per cent to Rs 10,82,000 crore during the third quarter ended December 2020.

HDFC: Mortgage lender HDFC said it is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis to meet its business requirements.

InterGlobe Aviation: Budget carrier IndiGo will now be able to operate longer overseas routes with its 29 Airbus A320/A321neos, powered by modified P&W engines, getting extended diversion time operations (EDTO) approval from aviation regulator DGCA, according to a source.

Reliance Industries: Foreign brokerage firm Credit Suisse believes that global oil producer and refining giant Saudi Arabian Co, better known as Saudi Aramco, may revive its interest in buying the 20 per cent stake in Reliance Industries‘s energy business if global crude oil prices continue their upward trend.

Bajaj Finance: The Reserve Bank on Tuesday said it has imposed a penalty of Rs 2.5 crore on Bajaj Finance Limited, Pune for violation of various directions, including on recovery and collection practices.

CSB Bank: Private sector lender CSB Bank said SBI Mutual Fund has increased its stake in the bank to over 5 per cent. The stake of the fund house rose from 4.96 per cent to 5.01 per cent following the acquisition of an additional 86,993 shares.

VIP Industries: VIP Industries Ltd on Tuesday said its Managing Director Sudip Ghose has resigned from the company. His resignation will be effective from January 31, and Anindya Dutta will take over as the new Managing Director from February 1.

Tata Power: The company announced its partnership with SIDBI to provide a finance scheme to the MSME players in the rooftop solar segment.

Bandhan Bank: Private lender Bandhan Bank said that it has signed an agreement with the Indian Army to provide banking services to the personnel of the force.

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