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    Stocks in the news: RIL, HDFC, Bharti Airtel, YES Bank, InterGlobe Aviation, TVS Motor and SpiceJet

    Synopsis

    NTPC said it will raise Rs 1,000 crore on July 31 through issuance of bonds on private placement basis for funding capital expenditure..

    interest-rate-volatility-geGetty Images
    IndiGo started FY21 with a record quarterly loss, compared to a record profit a year earlier as the Covid19 pandemic continued to batter its busines.
    Nifty futures on the Singapore Exchange traded 19 points, or 0.17 per cent lower at 11,215, in signs that Dalal Street was headed for a tepid start on Thursday. Here are a few stocks which may buzz the most in today's trade:

    Reliance Industries, HDFC: RIL, HDFC, Dabur India, Piramal Enterprises, Cholamandalam Investments & Finance, JM Financial, Laurus Labs, Max Financial Services and Tata Communications are scheduled to announce their June quarter earnings on Thursday.

    YES Bank, Reliance Infra: YES Bank has issued a notice of possession for Anil Ambani’s Reliance Group headquarters at Santacruz and two other offices in south Mumbai. In its notice, the bank said it was effecting recovery against a Rs 2,892-crore loan to Reliance Infrastructure.

    Bharti Airtel: Telecom major Bharti Airtel reported a consolidated net loss of Rs15,933 crore in the April-June quarter, its fifth in succession, mainly due to one-time expenses.

    InterGlobe Aviation: IndiGo started FY21 with a record quarterly loss, compared to a record profit a year earlier as the Covid19 pandemic continued to batter its business and the aviation industry as a whole.

    Karur Vysya Bank (KVB): The bank said B Ramesh Babu has assumed charge as the new Managing Director and Chief Executive Officer of the bank with effect from July 29, 2020.

    SpiceJet: The airline reported a net loss of Rs 807.1 crore in the fourth quarter of FY20, despite showing Rs 134.50 crore as compensation against grounded Boeing 737 MAX as other earnings, as against a profit of Rs 56.3 crore in the same quarter of the previous year as business was adversely impacted due to the coronavirus pandemic and the nation-wide lockdown that resulted in suspension of flight operations.

    Asian Paints, Ambuja Cements: At a time when Chinese investments in Indian equities are in the crosshairs, the People’s Bank of China increased stake by 25 per cent and 34.3 per cent in Asian Paints and Ambuja Cements, respectively, last financial year. The Chinese central bank held 30.9 lakh shares in Asian Paints and 62.8 lakh shares in Ambuja Cements or 0.32 per cent stake in each of the two companies, latest available annual reports of Nifty50 companies revealed.

    Omaxe: Realty firm Omaxe reported a consolidated net loss of Rs 126.39 crore for the quarter ending March. It had posted a net profit of Rs 20.82 crore in the January-March quarter of the previous year.

    Ceat: Tyres maker Ceat reported a loss for the April-June period as revenue contracted by over 36% due to the nation-wide lockdown during the quarter to contain the Covid-19 pandemic.

    NTPC: State-run power giant NTPC said it will raise Rs 1,000 crore on July 31 through issuance of bonds on private placement basis for funding capital expenditure, refinancing existing loans, among others.

    Eicher Motors: The company said its profitability for the first quarter of 2020-21 will be impacted due to the country-wide lockdown following the coronavirus pandemic.

    BPCL: The government has for the third time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by two months to September 30.

    Mahindra & Mahindra: Mahindra & Mahindra (M&M) introduced new affordable finance schemes for its customers for all its vehicles, which includes EMI starting as low as Rs 899 per lakh for personal utility vehicles (UVs).

    ITC: The Bombay High Court has restrained Godfrey Phillips (India) from manufacturing, distributing or selling its ‘Select’ cigarette brand with the ‘Flake’ trademark till further orders, granting relief to rival ITC which had claimed that it infringed upon its own ‘Flake Refined Taste’ brand.’

    Deepak Nitrite: State Street Global Advisors Asia Ltd A/C SSGA Funds Man on Wednesday bought 9,25,451 shares of Deepak Nitrite at Rs 632.36 per share.

    JK Paper: JK Paper reported a 97.84 per cent decline in consolidated net profit to Rs 2.66 crore for the June quarter, impacted by COVID-19 related disruptions.

    Chambal Fertilisers and Chemicals: The company reported a 76.82 per cent jump in consolidated net profit at Rs 298.38 crore for the first quarter of fiscal 2020-21 on strong sales. The company had posted a net profit of Rs 168.74 crore in the same quarter of previous fiscal, CFCL said in a regulatory filing.
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    Punjab National Bank:
    State-run lender Punjab National Bank on Wednesday said it has raised Rs 994 crore by issuing Basel III compliant bonds on a private placement basis.

    TVS Motor: TVS Motor posted a net standalone loss at Rs 139.07 crore for the quarter ended June 30. It had posted a net profit of Rs 142.30 crore in the corresponding quarter last year.

    Security and Intelligence Services (SIS): SIS reported a consolidated net profit of Rs 58 crore for the first quarter ended June, even as it has made Covid-19 related provision of almost similar amount.

    Indian Energy Exchange (IEX): IEX on Wednesday reported 6.34 per cent surge in its consolidated net profit to Rs 42.09 crore in the June quarter, mainly due to higher revenues.

    Kilpest India: Seven Canyons World Innovators Fund bought 1,70,000 shares of agri-business company Kilpest India, while Own Infracon and Varun Daga sold 1,00,000 shares each of the company at Rs 360 per share



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

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    (What's moving Sensex and Nifty Track latest market news, stock tips 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 .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    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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