The Indian market is likely to open higher on Tuesday following gains in global markets. As of 7:00 am, the SGX Nifty was trading 28.50 points or 0.25 percent higher at 11,552.50, indicating a positive start for Sensex and Nifty50.
OSE | The Bank’s Board of Directors has recommended the names of S Janakiraman and Ashwini Kumar Tewari for the position of Managing Director of the bank.
HDFC Bank | The bank’s advances as of September 30, 2020 increased 16 percent to Rs 10.4 million lakh, while deposits increased 20 percent to Rs 12.3 million lakh, year-over-year. The CASA index stood at 42 percent versus 39.3 percent, year over year.
HDFC Ltd | The company’s individual loan approvals in the first quarter of fiscal year 21 were up 9 percent year-over-year, but disbursements were down 5 percent year-on-year.
IndusInd Bank | Bank advances as of September 30, 2020 increased 2 percent to Rs 2 lakh crore from Rs 1.97 lakh crore, while deposits increased 10 percent to Rs 2.28 lakh crore, year over year. The CASA index was 41.4 percent versus 40.4 percent, year-over-year. (Image: Company)
Tata motors | JLR’s retail sales increased 50 percent to 1,13,569 vehicles in Q2FY21 compared to 74,067 vehicles in Q1FY21. However, sales fell 11.9 percent year-on-year. (Image: Reuters)
Britannia Industries | The board of the company has approved the issuance of an obligation of nominal value of Rs 29 each to the members of the company for each share of capital by using the General Reserve of the company and the payment of a dividend of 12, 50 rupees.
Sobha | In Q2FY21, the company achieved a total sales volume of 8,91,700 square feet valued at Rs 690 crore, with a total average realization of Rs 7,737 per square foot.
CreditAccess Grameen | The company has launched a QIP issue at Rs 707.69 per share.
Infibeam avenues | The company has signed a definitive agreement with Jio Platforms and its affiliates.
Escorts | The company completed the acquisition of Rs 2 crore equity shares of KBT from KBT, constituting 40 per cent of KAI’s share capital at Rs 45 per share for an added value of Rs 90 crore.
Majesco | The company will consider a fully paid equity share buyback proposal on October 8.
Sterlite Technologies | The company approved the appointment of Mihir Modi as CFO.
