Stocks to watch: Bandhan Bank, TCS, Kotak


NEW DELHI : Here are the top 10 actions that will be in the spotlight today:

Bandhan Bank: The Reserve Bank of India (RBI) has authorized Bandhan Bank as the agency bank of the RBI to undertake business with the government. The appointment would allow Bandhan Bank to undertake government business on behalf of the RBI. With this, Bandhan Bank joins the ranks of a few other private sector banks slated to be incorporated as RBI agency banks.

TCS: Tata Consultancy Services (TCS) will expand its partnership with Celcom Axiata Berhad, one of Malaysia’s leading telecommunications providers, to transform the latter’s business support systems using TCS HOBS and TCS TwinX hosted on Microsoft Azure.

ITC Ltd: Welcomhotel, operated by ITC, has announced the launch of its 107-key property in Bhubaneswar. The company said the hotel was opened by Odisha Chief Minister Naveen Patnaik on November 1.

Kotak: Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Limited (KIAL), has signed an agreement with Sify Technologies Ltd, to invest up to ??1,000 crore ($ 135 million) in Sify Infinit Spaces Ltd (SISL), a wholly owned subsidiary of Sify.

Addiction: Reliance Retail announced on Monday that the country’s first outdoor rooftop theater, where people can drive their cars to watch the movies, will open from November 5 at its upscale Jio World Drive mall in Mumbai.

CGSB: The Petroleum Department asked Oil and Natural Gas Corp. Ltd (ONGC) to cede 60% of its stake as well as operating control in India’s largest oil and gas fields of Mumbai High and Bassein to foreign companies, according to an Oct. 28 letter to the state. – owned business.

HDFC: Mortgage lender Housing Development Finance Corp (HDFC) on Monday reported stand-alone net income of ??3,780 crore for the quarter ended September 30, 2021 (T2FY22). This is a 32% increase over ??2,870 crore over the same period last year as dividend income skyrocketed.

JSW steel: JSW Steel announced Monday that its subsidiary, JSW Steel USA, has started the Phase II upgrade of its sheet metal plant in Baytown, Texas, United States. The project, which is expected to be completed by 2023, is being carried out by its subsidiary JSW Steel (USA) Inc.

IPO: The IPO of Fino Payments was 77% underwritten on day 2 of the tender on Monday. The IPO of SJS Enterprises was subscribed at 26% on the first day. The initial public offering of Sigachi Industries crossed the first day with 9.5 subscriptions. Policybazaar’s IPO was subscribed at 54% on Day 1.

CNC: NCC Ltd has received a new order for ??442 crore (excluding GST) in October. The order relates to the mining division and is received from a state government agency and does not include any internal orders.

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