Stocks in news: Reliance Infra, VST Industries, IDFC First Bank, NTPC, Vodafone Idea
Synopsis
Stocks in news: Domestic markets remained almost unchanged in a volatile session. Reliance Infra plans to raise Rs 3,014 crore, NTPC approves Rs 9,701 crore investment, and SBI extends $50 million support to Maldives. RBI re-appoints V Vaidyanathan as IDFC First Bank CEO. Vodafone Idea faces scrutiny after a significant stock fall.
The Board of Reliance Infrastructure approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece.
NTPC
The Board of NTPC approved an investment of Rs 9,701 crore in Sipat Super Thermal Power Project, Stage-III (1x800 MW).
SBI
SBI has subscribed the $50 million government Treasury Bills issued by Maldives Government for one more year.
IDFC First Bank
The RBI approved re-appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for 3 years with effect from December 2024 to December 2027.
Radhakishan Damani has sold another 1 lakh shares in VST Industries at an average price of Rs 439.05 per share.
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The Reserve Bank lifted restrictions imposed on the gold loan business of the company and allowed it to resume sanctioning, disbursal, assignment, securitization, and sale of gold loans.
Infosys
Infosys to invest Rs 17 crore in spacetech startup for earth observation, GalaxEye Space Solutions.
Vodafone Idea will be in focus on Friday as the stock saw a significant fall of 19% on Thursday following Supreme Court rejection of pleas seeking correction of alleged errors in the adjusted gross revenue.
AU Small Finance Bank
AU Small Finance Bank said it has joined hands with Niva Bupa Health Insurance Company to prioritise the health of its one crore-plus customers.
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