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Stocks in News Today

July 18, 2022

Tata Steel : Tata Steel has planned a capital expenditure of Rs 12,000 crores for its India and Europe Operations during the current financial year.

HDFC Bank: HDFC Bank reported a 20% year on year rise in its net profits at Rs 9195.99 crores for Q1FY23 as compared to Rs 7729.64 for Q1FY22. The NII (Net Interest Income) Increased by 14% to Rs 19481.4 crores compared to last year’s at Rs 17009.0 crores.

Indian Oil : Indian Oil has launched a bikers cafe for the bikers on their expedition to the himalayas. This move was solely to retain its number position in the oil market.

Jindal Steel : Jindal Steel reported a multifold jump in net profits to Rs.2773 crores. The company reported a total profit of Rs. 14.25 crores in the april-june period last year.

Vedanta : Vedanta is planning to bring two coal blocks in Odisha to operations in the fiscal year.

Spicejet : A plea has been filed in the Delhi High Court to stop all operations of Spicejet Airlines because of serial malfunctions reported by the airline.

Vodafone Idea : The company’s shareholders have approved an equity allocation worth 436.21 crore to its promoter entity, the Vodafone Group.

Maximus International Limited : The company has drawn up an over Rs 25 crore expansion plan for East African operations, over the next 2-3 years.

Yes Bank : The RBI has approved the appointment of Prashant Kumar as the Interim MD & CEO of Yes Bank for a period of 3 months.