Stocks in news: Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda
Markets remained volatile for yet another session and ended marginally in the green amid a lack of fresh triggers. In today's trade, shares of Wipro, HDFC Bank, Nazara Tech, Maruti Suzuki, Bank of Baroda among others will be in focus due to various news developments.
ADVERTISEMENT Wipro
About 18.05 crore shares of Wipro, amounting to a 1.72% stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange data.
Advait Energy
Ace investor Vijay Kedia on Wednesday bought 1 lakh shares in Advait Energy Transitions at a price of Rs 1,725 per share.
Bank of Baroda
Public sector lender Bank of Baroda has emerged as the highest bidder for the Jet Airways' 83,000 sq ft office space in commercial tower Godrej BKC in Mumbai's business district Bandra-Kurla Complex, ET reported.
HDFC Bank
In a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) said the claims made by the bank about a single loan are not consistent and it has never produced any official loan ledger or agreement in court regarding its transaction with the Trust.
NTPC
State-owned power giant NTPC raised $750 million through External Commercial Borrowing (ECB) to fund its business expansion.
ADVERTISEMENT
NIIT
ICICI Bank sold its entire 18.8% stake in NIIT Institute of Finance Banking and Insurance Training (NIIT-IFBI) for Rs 6 .1 cr to NIIT.
ADVERTISEMENT Zydus Life
Pharmaceutical company Zydus Lifesciences said it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for its active pharmaceutical ingredient (API) manufacturing facility located in Ankleshwar, Gujarat.
Maruti Suzuki NCLT approved the first motion application for the amalgamation of Suzuki Motor Gujarat, a wholly owned subsidiary, into Maruti Suzuki India.
ADVERTISEMENT
Nazara Tech
Axana Estates, Plutus Wealth Management and Junomoneta Finsol make an open offer to acquire 26% stake in Nazara Tech.
Sterlite Technologies
Sterlite Technologies has signed a Rs 2,631 crore agreement with BSNL for the BharatNet middle-mile network in Jammu and Kashmir and Ladakh telecom circles.
ADVERTISEMENT Angel One
Ketan Shah resigned as the chief sales and revenue officer - assisted business and whole time director of the company with effect from July 18.
NIBE
NIBE received a purchase order worth Rs 23 crore from infra and defence company for supply of Armor Plate MIL12560.
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
32 minutes ago
- Hans India
Tata announces Rs 1cr compensation
New Delhi: In the wake of the tragic Air India Flight 171 crash in Gujarat, the Tata Group has announced a compensation of Rs 1 crore each for the victims and their families. The crash, which has left the nation in mourning, has prompted an outpouring of grief and solidarity from across the country. N Chandrasekaran, Chairman of Tata Sons, expressed anguish over the incident, staying, Furthermore, the Tata Group has committed to covering the medical expenses of those injured in the crash.
Time of India
41 minutes ago
- Time of India
Groww FY25 profit triples; Qcomm growth beyond metros
Next Groww FY25 profit triples; Qcomm growth beyond metros Want this newsletter delivered to your inbox? Also in the letter: Groww triples FY25 profit, raises fresh funds at $7 billion valuation ahead of IPO By the numbers: Net profit rose 3X to Rs 1,819 crore in FY25. Revenue grew 31% to Rs 4,056 crore. Closed $200 million funding at a $7 billion valuation, led by Singapore's GIC with Iconiq Capital joining. ET first reported about the funding round on March 26. Catch up quick: The reverse flip impact: Why it matters: Also Read: S Quick commerce fuels niche D2C boom in smaller cities Uptick in revenue contribution: Shift from ecommerce: Qcomm expansion: Also Read: Centre's no MDR stance derails fintech's UPI monetisation plans Driving the news: Despite operating without MDR for several years, the payments industry hadn't given up hope that it would be reinstated, at least for large transactions, the chief executive of a major payment processor told us. A senior banker noted that reintroducing MDR was always going to be challenging after the government accustomed the merchant ecosystem to free digital payments. Tell me more: Indian digital businesses are innovating faster with Data + AI: Databricks founder India market: AI backing: Also Read: Other Top Stories By Our Reporters India needs infra to train larger AI models: Krutrim exec | Paytm, Mobikwik shares tumble after finance ministry rules out MDR on UPI transactions: HCLTech bags engineering deal from Volvo Group: Global Picks We Are Reading Happy Friday! IPO-bound fintech major Groww has reported a three-fold jump in its net profit for FY25. This and more in today's ETtech Morning Dispatch.■ No MDR: Fintechs face revenue loss■ Databricks founder on India■ Krutrim launches AI agent(L-R) Harsh Jain, Neeraj Singh, Lalit Keshre and Ishan Bansal, founders, GrowwBengaluru-based wealth platform Groww posted a sharp jump in profitability ahead of its public confidentially filed IPO papers with Sebi in May, aiming to raise $700 million– $1 billion. Its valuation has more than doubled from $3 billion in 2021, when it last raised a major round. In FY24, Groww had posted a net loss of Rs 805 crore due to a one-time Rs 1,340 crore tax payout linked to shifting its domicile from the US back to has pulled ahead as India's largest stockbroker by active NSE clients (13 million), outpacing rivals Zerodha and Angel One. Its financial performance makes it one of the most profitable IPO-bound fintechs in expansion of quick commerce into smaller cities and towns is fuelling demand for niche direct-to-consumer (D2C) brands in categories ranging from intimacy products and sexual wellness to curly hair care and fitness accessories, where convenience and discreet delivery are key which sells intimacy products, gets almost a third of its revenue from non-metro regions, while men's sexual health and wellness brand Bold Care derives over 40% of its total revenue from tier II and III cities, company executives to Satish Meena, adviser at Datum Intelligence, a set of customers who previously shopped on ecommerce platforms are shifting to quick commerce for certain categories of products for instant gratification. Many consumers who haven't used ecommerce before are also trying rapid delivery because of its ease and brands focus on smaller cities, quick commerce platforms are also ramping up their presence in these regions. BigBasket said it is recording about 50,000 orders per day from tier-II cities, with tier-III cities contributing around 7,000 daily the finance ministry clarified that there was no plan to reintroduce the merchant discount rate (MDR) on payments via Unified Payments Interface (UPI), fintechs' monetisation plans went for a toss Stocks of listed payment firms dived a day after the ministry said such speculations were 'completely false, baseless and misleading'.This comes months after industry chatter grew about the government considering bringing back MDR, but only for large purchases. Industry insiders also pointed out that fintech firms have been encouraging customers to move to instruments like mobile wallets or prepaid payment instruments (PPIs) and credit cards, i.e. MDR-generating Ghodsi, founder, DatabricksDigital businesses in India are AI-hungry and ahead of global peers in terms of innovation with data and artificial intelligence (AI), Ali Ghodsi, founder and chief executive of Databricks, told the sidelines of the company's summit in San Francisco, Ghodsi said Databricks is bullish on Asian markets India, South Korea, Australia and New Zealand, which are moving faster than the rest of the world on AI because of the relaxed regulatory close the AI talent gap, Databricks also announced the free edition of its platform, along with a $100 million global investment in data and AI education. This initiative gives students, professionals, and institutions free access to Databricks tools and Aggarwal, founder, KrutrimOla's AI arm Krutrim is looking at getting the base infrastructure , from semiconductor to hardware, to be the fast and cost-effective model as the company scales up its AI services, said A Navendu, senior vice president and head of sold Paytm and Mobikwik shares on Thursday, a day after the Finance Ministry denied reports of charges on UPI transactions. Paytm shares dropped 10% in trade today, before recovering later. Mobikwik's market value dropped to Rs 2,121 crore, before recovering slightly to Rs 2,128 IT player HCLTech bagged an engineering services deal from Swedish truck maker Volvo Group, the third largest software services exporter announced on Thursday.■ The problem of AI chatbots telling people what they want to hear ( FT ■ Vibe coding is coming for engineering jobs ( Wired ■ Are we ready to hand AI agents the keys? ( MIT Technology Review
Time of India
an hour ago
- Time of India
Banashankari allottees await legal resolution
Bangalore Development Authority The hapless site allottees, who paid their hard-earned money to buy sites from the BDA, have to wait to construct their dream homes till the petition in the court is disposed – M Ravishankar, social activist Banashankari Affected Site Owners Federation (BASOF) on Wednesday urged the(BDA) Commissioner and Bangalore Deputy Commissioner to protect the rights of those who bought sites at Banashankari 6th Karnataka High Court has passed the judgment in favour of original land owners, who claimed the BDA has failed to fully develop the land. With this hundreds of people who bought sites at Banashankari 6th Stage Layout are in trouble as the High Court quashed proceedings over acquisition of 16 acres of with media persons at Press Club, Yogesh, convenor of BASOF, said that the affected site owners have decided to submit a memorandum to the Bangalore Deputy Commissioner and the BDA Commissioner to take legal measures to protect the interests of the site owners.'With the failure of the BDA to submit the documents in the honourable court, the future of around 350 site owners is at risk. Many people have already constructed buildings and have been paying property tax to the BDA,'' said said that he bought the site (30X40) from one of the allottees by paying around Rs 80 lakh more than a year ago. 'Now, the land owner is not allowing me to construct the building on the site claiming that the land belongs to him,'' he concern over the plight of the site allottees, M Ravishankar, a social activist, said the hapless site allottees, who paid their hard-earned money to buy sites from the BDA, have to wait to construct their dream homes till the petition in the court is disposed. 'The BDA cannot allot alternative sites to the victims till the court gives final judgment,'' he S, a retired employee, said that the BDA has allotted him a 30x40 site in 2002. 'Now, I am 84 years old. I want to construct my dream home but the land owner is not allowing me to go ahead with my plan. The BDA has sanctioned the building plan. I have been paying the property tax to the BDA all these years. I do not know whether I will be able to realise my dream of having my own house,'' rues Rudrappa.
