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Stocks to watch: Torrent Power, Asian Paints, RIL, HCL Tech among shares in focus today amid Israel-Iran conflict

Stocks to watch: Torrent Power, Asian Paints, RIL, HCL Tech among shares in focus today amid Israel-Iran conflict

Mint3 days ago

Ahmedabad-based Torrent Power announced that its fully-owned subsidiary, Torrent Green Energy, has been awarded a 300 MW wind power project by the Solar Energy Corporation of India (SECI).
ICICI Bank announced that the Reserve Bank of India has approved the reappointment of Rakesh Jha as the bank's Executive Director for a two-year term, starting from September 2.
Approximately 3.5 crore equity shares of Asian Paints, held by Reliance Industries Limited through Siddhant Commercials Limited, were sold today at a price of ₹ 2,201 per share. Following the sale, Siddhant Commercials is left with a remaining holding of 87 lakh equity shares in Asian Paints.
DCM Shriram announced that its board has given the green light to acquire the entire 100% stake in Hindusthan Specialty Chemicals.
Chiswick Investment Pte. Ltd, an affiliate of Singapore's sovereign wealth fund GIC, initiated a block deal on Thursday (June 12) to divest a 3.6% stake in Genus Power Infrastructures, with the possibility of increasing the sale by an additional 2.28%.
On Thursday, Swedish luxury automaker Volvo Cars named HCL Tech as one of its key strategic partners for engineering services.
NTPC notified the stock exchanges that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1 (3x660 MW), has successfully completed its trial run.
Canara Bank's board has given the green light to a capital raising plan of up to ₹ 9,500 crore through bonds for the financial year 2025–26.
A private sector bank stated that the Reserve Bank of India (RBI) has given its approval for the reappointment of Pralay Mondal as the bank's managing director and CEO for an additional three-year term, starting from September 15, 2025.
The non-banking financial company announced that it has secured ₹ 2,000 crore by way of a Qualified Institutions Placement (QIP).
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

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UAE-based Indian doctor announces Rs 6 crore aid for Air India crash victims
UAE-based Indian doctor announces Rs 6 crore aid for Air India crash victims

Time of India

time16 minutes ago

  • Time of India

UAE-based Indian doctor announces Rs 6 crore aid for Air India crash victims

UAE-based Indian doctor and philanthropist Dr Shamsheer Vayalil has announced Rs 6 crore in financial aid for the families of medical students and doctors affected by the Air India plane crash in Ahmedabad last week. The ill-fated aircraft struck the BJ Medical College's Atulyam hostel complex during lunch hour, reducing student residences and the dining hall to rubble. All but one of the 242 passengers and crew on board the Boeing 787-8(AI 171) and another 29 persons, including five MBBS students, on the ground were killed when the London-bound aircraft crashed, moments after it took off from the Sardar Vallabhbhai Patel International Airport. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Announcing the relief from the UAE capital of Abu Dhabi, Dr Shamsheer, founder and chairman of Burjeel Holdings and managing director of VPS Health, said he was deeply shaken when he saw the aftermath of the crash. (Join our ETNRI WhatsApp channel for all the latest updates) As someone who had lived in similar hostels during his medical education at Kasturba Medical College in Mangalore and Sri Ramachandra Medical College in Chennai, the images struck a chord, he said. Live Events "I saw the footage from the mess and the hostel, and it truly shook me. It reminded me of the places I once called home, the corridors, the beds, the laughter, the pressure of exams, and the anticipation of a call from family," he said. "No one expects a commercial aircraft to come crashing into that world," he added. "Those students started the day thinking about lectures, assignments, and patients. Their lives ended in a way none of us could ever imagine. It hit close. Too close," he said. Dr Shamsheer's relief package includes Rs 1 crore for each of the four deceased students' families, Rs 20 lakh each for five seriously injured students, and Rs 20 lakh each for the families of doctors who lost loved ones. The financial assistance will be delivered in coordination with the Junior Doctors' Association at BJ Medical College, ensuring that those in need receive support swiftly. This is not the first time Dr Shamsheer has responded to such a crisis. In 2010, following the Mangalore air crash, he provided financial assistance and employment opportunities to affected families at Burjeel Holdings, a leading healthcare provider in the Middle East.

Who is Luca de Meo, reported to be Kering's new CEO?
Who is Luca de Meo, reported to be Kering's new CEO?

Time of India

time18 minutes ago

  • Time of India

Who is Luca de Meo, reported to be Kering's new CEO?

Gucci owner Kering is planning to appoint Luca de Meo , currently CEO of French carmaker Renault , as its new chief executive officer , according to a report in newspaper Le Figaro. Below are some facts about the potential new head of the French luxury group, whose brands include Gucci, Saint Laurent, and Bottega Veneta. Who is he? De Meo, 58, is from Milan, Italy, and has more than 30 years' experience working in the automotive sector . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Duong Bau Tram 1: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo He graduated from the Luigi Bocconi Commercial University with a degree in business administration. De Meo has been praised by commentators for his strategic vision and ability to revive struggling brands. He decided to step down from Renault to take on new challenges outside the automotive sector. Live Events Career De Meo began his career at Renault in the early 1990s, before moving to Toyota Europe in the late 1990s. In 2002, he joined the Fiat Group, where he held leadership roles across several brands including Lancia, Fiat, Abarth and Alfa Romeo. He played a key role in the relaunch of the Fiat 500 city car and the revival of the Abarth brand. In 2009, he moved to the Volkswagen Group as marketing director, a role that covered both the Volkswagen brand and the group as a whole. In 2012, he was appointed to the board of Volkswagen's premium brand Audi AG, responsible for sales and marketing. From November 2015 to January 2020, he served as chairman of Volkswagen's Spanish unit SEAT, overseeing a resurgence in the Barcelona-based company's sales and boosting its prominence within the Volkswagen group. He also sat on the supervisory boards of Ducati and Lamborghini, and chaired the board of Volkswagen Group Spain. In July 2020, he became CEO of Renault S.A., later also taking on the role of chairman and joining the company's board. He turned around the French automaker in his five years at the helm, overhauling its two-decade-long strategic alliance with Nissan and doubling down on hybrid motors while shifting towards electric vehicles. Between November 2023 and March 2025, he was CEO of Ampere, Renault's electric vehicle and software unit. He has also served as President of the European Automobile Manufacturers' Association (ACEA) since January 2023. What's the challenge? De Meo would take the helm of Kering at a time when the group's underwhelming performance of recent years has cast doubt on the effectiveness of its current strategy and leadership.

Iran-Israel war: Govt to meet stakeholders this week to assess impact on Indias trade
Iran-Israel war: Govt to meet stakeholders this week to assess impact on Indias trade

Mint

time23 minutes ago

  • Mint

Iran-Israel war: Govt to meet stakeholders this week to assess impact on Indias trade

New Delhi, Jun 16 (PTI) The government is closely monitoring the situation arising from the Iran-Israel conflict, and a meeting with shipping lines, container firms, and other stakeholders will be held this week to assess the impact on the country's overseas trade and address any issue, a top official said on Monday. Commerce Secretary Sunil Barthwal said that the impact of the war on India's trade will depend on how the situation unfolds over a period of time. "We are watching the situation. We are also calling a meeting (this week) of all the shipping lines, the container organisations and the concerned departments, and stakeholders to understand from them that what are the kind of issues they are facing and how we can sort it out," he told reporters here. Exporters have stated that the war, if escalated further, would impact world trade and push both air and sea freight rates. They have expressed apprehensions that the conflict is expected to impact movement of merchant ships from the Strait of Hormuz and Red Sea. Nearly two-thirds of India's crude oil and half of its LNG imports pass through the Strait of Hormuz, which Iran has now threatened to close. This narrow waterway, only 21 miles wide at its narrowest point, handles nearly a fifth of global oil trade and is indispensable to India, which depends on imports for over 80 per cent of its energy needs. According to think tank GTRI, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India's fiscal management. Meanwhile, Israel's June 14-15 strike on Houthi military leadership in Yemen has also heightened tensions in the Red Sea region, where Houthi forces have already attacked commercial shipping. For India, this poses another serious risk. Nearly 30 per cent of India's west-bound exports to Europe, North Africa, and the US East Coast travel through the Bab el-Mandeb Strait, now vulnerable to further disruption, the GTRI has said. Indian export consignments gradually started moving through the Red Sea route but now again it may get impacted. Cargo ships had gradually returned on Red Sea routes, saving them 15-20 days while moving to US and Europe from India and other parts of Asia. The present conflict that began with an attack on Israel on October 7, 2023 had brought cargo movement through Red Sea routes to a halt due to attacks by Houthi rebels on commercial shipping. After the US intervened with attacks on the rebels, the firing on commercial ships stopped. Last year, the situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, escalated due to attacks by Yemen-based Houthi militants. Around 80 per cent of India's merchandise trade with Europe passes through the Red Sea and substantial trade with the US also takes this route. Both these geographies account for 34 per cent of the country's total exports. The Red Sea strait is vital for 30 per cent of global container traffic and 12 per cent of world trade. India's exports to Israel have fallen sharply to USD 2.1 billion in 2024-25 from USD 4.5 billion in 2023-24. Imports from Israel came down to USD 1.6 billion in the last fiscal from USD 2.0 billion in 2023-24. Similarly, exports to Iran of USD 1.4 billion, which were at the same level in 2024-25 as well as in 2023-24, could also suffer. India's imports from Iran were at USD 441 million in FY25 as against USD 625 million in the previous year. The conflict adds to the pressure world trade was under after the US President Donald Trump announced high tariffs. Based on the tariff war impact, the World Trade Organisation (WTO) has already said that the global trade will contract 0.2 per cent in 2025 as against the earlier projection of 2.7 per cent expansion. India's overall exports that had grown 6 per cent on year to USD 825 billion in 2024-25.

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