Latest news with #SatPalBhanoo
News18
9 hours ago
- Business
- News18
Stocks To Watch: HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, And Others
Last Updated: Stocks to watch: Shares of firms like HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, and others will be in focus on Monday's trade Stocks to Watch on June 9, 2025: Markets wrapped up the week on a positive note, gaining nearly a percent, supported by favorable domestic cues. In today's trade, shares of HDFC Bank, Suzlon Energy, Tata Steel, BEL, and MCX, among others, will be in focus due to various news developments. The capital markets regulator, SEBI, issued a corrigendum to its interim order in the insider trading case involving IndusInd Bank. Ambuja Cements In its latest annual report, Adani Group's Ambuja Cements highlighted that it contributes nearly 30% of the cement used for India's homes and infrastructure, making it the country's second-largest cement producer. Airtel Telecom operator Airtel has approached over 40 banks, as well as the RBI and NPCI, proposing a collaborative effort to curb digital frauds. The company aims to establish a unified front for sharing intelligence on known fraudulent financial domains. Reliance Infrastructure plans to 'turbocharge' its defense vertical in the coming years, focusing on aircraft upgrade programs. The company recently became the first private sector firm to independently execute a comprehensive aircraft upgrade program, traditionally dominated by public sector units and OEMs. It's targeting opportunities worth Rs 5,000 crore over the next seven to ten years. HDFC Bank's MD and CEO, Sashidhar Jagdishan, has been named in a complaint filed by the Mehta Family through Lilavati Kirtilal Medical Trust. The complaint alleges he received Rs 2.05 crore to harass a current trustee's father. HDFC Bank has dismissed the allegations as baseless and part of an attempt to derail loan recovery efforts. The Government has appointed Sat Pal Bhanoo as the CEO and MD of LIC for a three-month term starting Sunday. This comes after Siddhartha Mohanty completed his tenure, with the Ministry of Finance conveying the instructions on Saturday. Infosys Infosys announced that the Director General of GST Intelligence (DGGI) has closed pre-show cause notice proceedings against the company for FY 2018-19 to FY 2021-22, involving Rs 32,403 crore in GST claims. Tata Steel Tata Steel UK's annual £150 million export to the US faces a potential setback due to compliance issues in the UK-US steel trade agreement. The company has temporarily halted melting and pouring steel in the UK as it transitions Port Talbot from blast furnaces to an electric arc furnace, a requirement for tariff-free trade under current rules. Aditya Birla Group Aditya Birla Group's Indian paints venture has filed an antitrust complaint against Asian Paints for allegedly abusing its market dominance, according to Reuters. The complaint could trigger a legal clash between the two sector rivals. Suzlon Energy Promoters of Suzlon Energy may sell about 20 crore shares in a potential Rs 1,300 crore block deal next week, likely at a 2% discount to the current market price. This update comes after Suzlon reported a nearly five-fold jump in net profit in Q4FY25. Lupin Lupin has received tentative approval from the US FDA for its generic version of Oxcarbazepine Extended-Release (ER) Tablets in 150 mg, 300 mg, and 600 mg strengths. The drug, equivalent to Supernus Pharmaceuticals' Oxtellar XR, will be manufactured at Lupin's Nagpur facility in India. Nazara Technologies Nazara Technologies has completed the acquisition of gaming and entertainment company Smaaash Entertainment Pvt. Ltd. for Rs 126 crore, turning it into a wholly owned subsidiary, the company announced on June 6. Location : New Delhi, India, India First Published: June 09, 2025, 07:40 IST News business » markets Stocks To Watch: HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, And Others
Economic Times
10 hours ago
- Business
- Economic Times
Stocks in news: HDFC Bank, Suzlon Energy, Tata Steel, BEL, MCX
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets ended the week on a firm note, gaining nearly a percent, supported by favorable domestic cues. In today's trade, shares of HDFC Bank Tata Steel , BEL, MCX among others will be in focus due to various news Bank will pursue legal remedies in response to allegations made by the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has called on financial sector regulators to suspend and prosecute the bank's Managing Director and CEO, Sashidhar markets regulator Sebi has issued a corrigendum to its recent interim order in the IndusInd Bank insider trading Energy's promoters, the Tanti Family and Trust, are likely to offload 20 crore shares in a block deal on Monday, according to reports. Adani Group firm Ambuja Cements -- the second largest cement producer in the country -- contributes to nearly 30% of the cement used for India's homes and infrastructure, the company said in its latest annual reportTelecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by MD Sat Pal Bhanoo has been entrusted with the financial and administrative powers and functions of LIC's CEO and MD for 3 months with effect from June announced the start of operation of the third phase of part capacity of 53.57 MW of the 300 MW Karnisar Solar Power Project, BikanerHindustan Copper Ltd (HCL) said it has signed a Memorandum of Understanding (MoU) with has signed a memorandum of understanding (MoUs) during an official delegation visit to Sweden and Denmark, aiming to strengthen its marine engineering portfolio and explore opportunities in expedition cruise received a Securities and Exchange Board of India (Sebi) nod to launch electricity derivativesTata Electronics and Bharat Electronics Ltd (BEL) signed a memorandum of understanding (MoU) to jointly explore semiconductor and advanced electronics solutions.
Time of India
10 hours ago
- Business
- Time of India
Stocks in news: HDFC Bank, Suzlon Energy, Tata Steel, BEL, MCX
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets ended the week on a firm note, gaining nearly a percent, supported by favorable domestic cues. In today's trade, shares of HDFC Bank Tata Steel , BEL, MCX among others will be in focus due to various news Bank will pursue legal remedies in response to allegations made by the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has called on financial sector regulators to suspend and prosecute the bank's Managing Director and CEO, Sashidhar markets regulator Sebi has issued a corrigendum to its recent interim order in the IndusInd Bank insider trading Energy's promoters, the Tanti Family and Trust, are likely to offload 20 crore shares in a block deal on Monday, according to reports. Adani Group firm Ambuja Cements -- the second largest cement producer in the country -- contributes to nearly 30% of the cement used for India's homes and infrastructure, the company said in its latest annual reportTelecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by MD Sat Pal Bhanoo has been entrusted with the financial and administrative powers and functions of LIC's CEO and MD for 3 months with effect from June announced the start of operation of the third phase of part capacity of 53.57 MW of the 300 MW Karnisar Solar Power Project, BikanerHindustan Copper Ltd (HCL) said it has signed a Memorandum of Understanding (MoU) with has signed a memorandum of understanding (MoUs) during an official delegation visit to Sweden and Denmark, aiming to strengthen its marine engineering portfolio and explore opportunities in expedition cruise received a Securities and Exchange Board of India (Sebi) nod to launch electricity derivativesTata Electronics and Bharat Electronics Ltd (BEL) signed a memorandum of understanding (MoU) to jointly explore semiconductor and advanced electronics solutions.
Hans India
a day ago
- Business
- Hans India
Sat Pal Bhanoo to hold charge as MD & CEO of LIC for next 3 months
Life Insurance Corporation of India Managing Director Sat Pal Bhanoo has been entrusted with the financial and administrative powers and functions of the state-owned life insurer's CEO & MD, with the term of incumbent Siddhartha Mohanty ending on June 7, according to an LIC statement issued on Sunday. "Sat Pal Bhanoo, Managing Director, LIC of India has been entrusted with the financial and administrative powers and functions of the Chief Executive Officer and Managing Director of the Life Insurance Corporation of India (LIC) for a period of three months with effect from June 8, 2025 up to September 7, 2025 or till assumption of charge of the post by the regular incumbent, or until further orders, whichever is the earliest," the LIC statement said. The arrangement has been made as per the letter of the Ministry of Finance's Department of Financial Services, dated June 7, the statement said. LIC is currently undergoing a leadership transition. Ratnakar Patnaik and Dinesh Pant have been appointed as the two new Managing Directors from June 1 to replace their outgoing colleagues as part of a broader reshuffle within the LIC's top management. Pant, who was an Executive Director in LIC, has been appointed to the post till May 2027. Patnaik, who was the Chief Investment Officer, has been appointed till March 2028. LIC made a net profit of Rs 48,151 crore for the financial year 2024-25 as compared to Rs 40,676 crore for the year ended March 31, 2024, thereby registering an increase of 18.38 per cent. The Board of Directors have recommended a final dividend of Rs 12 per share for the financial year 2024-25, subject to approval of shareholders. The country's largest life insurer registered a new business premium to the tune of an impressive Rs 2,26,669.91 crore in FY25, which includes a record Rs 62,404.58 crore from individual new business. Individual new business premium for FY25 registered a growth of 8.35 per cent year-on-year basis, the figures showed. However, the group premium during the financial year fell by a marginal 0.40 per cent, to Rs 1,64,265.34 crore from Rs 1,64,925.89 crore last year. For FY25, LIC sold 1.78 crore new policies, despite the introduction of new surrender value norms effective from October 1, 2024.
