NEW DELHI Here is a list of the top ten stocks that may appear in the news on Wednesday:
ICICI Values: ICICI Bank will sell up to 2.21% stake in the ICICI Securities brokerage arm through an offer to sell. The minimum sale price as of Wednesday has been set at ₹440 each, which they can bring to the bank at least ₹313 crore.
Yes Bank: Brickwork Ratings has upgraded the rating of the Subordinated Perpetual Bonds Level I (Basel II) of Yes Bank Limited to BWR BB + / Stable. The improvement influences the improvement of the bank’s capitalization ratios, strong shareholder base and experienced board members, according to the rating agency.
JSW Steel: The company reported 3% growth in its crude steel production to 13.32 lakh tonnes (LT) for November 2020. JSW Steel’s production stood at 12.90 LT in the corresponding month last year.
Tata Steel: S&P Global Ratings revised the company’s outlook to ‘stable’ from ‘negative’ and affirmed the rating to ‘B +’.
Tata Motors: Jaguar Land Rover Automotive Plc, a wholly owned subsidiary of Tata Motors India, is raising $ 500 million through an overseas bond sale as it seeks to lower financing costs and cover its business expenses, according to a report in Economic times.
NBFC: Non-bank lenders have seen a good increase in loan collection efficiency in the September quarter after setbacks in the first three months of the fiscal year, according to Icra. Most companies have reported collection efficiencies of between 85% and 95% in September, compared to 70% in August and 65% in July for non-bank finance companies, the rating agency added.
Indian Bank: State-owned Indian Bank has raised ₹Rs 1,048 crore by issuing bonds on a private placement basis. The bank has successfully raised Tier I capital funds through the private placement of additional Tier I perpetual bonds that are Basel III compliant adding to ₹1,048 crore, Indian Bank said in a regulatory filing.
TCS: Bank Hapoalim, Israel’s largest bank currently managing more than 30% of total bank guarantees in the country, has been registered as the anchor customer of Tata Consultancy Services’ (TCS) new transformative digital bank guarantee platform.
IRB Infra: Acuite Ratings & Research has assigned the ‘AA- / Stable’ rating to the total value of banking facilities ₹Rs 2,600 crore from IRB infrastructure developers.
Kalpataru power transmission: The company’s board of directors has approved a capital investment of approx. ₹207 crore for the purchase of land and will also incur approx. ₹170 crore for construction, municipal charges, taxes and other approvals for the development and construction of a corporate office of approximately 1,79,000 square feet of leasable area near its existing office in Santacruz, Mumbai.
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