Trending Stocks: Ruchi Soya, L&T, Nalco, Hero MotoCorp and others in news today

Ruchi Soya Industries 

Follow-on public offer will open for subscription on March 24.

Hero MotoCorp

The Income Tax Department is conducting raids on multiple premises of Hero MotoCorp as part of a tax evasion investigation against the country’s largest two-wheeler automobile manufacturer.

Housing Development Finance Corporation (HDFC) 

The bank has approved retail home loans of over Rs 2 lakh crore during the period April 01, 2021, to March 21, 2022, the highest ever in a financial year.

L&T Finance Holdings Ltd 

LARSEN & TOUBRO LIMITED bought 212,17,957 shares in L&T Finance Holdings Ltd at Rs 83.52 per share on the NSE.

One97 Communications (Paytm) 

The company on Wednesday said its business fundamentals remain robust and it had no information that may have a bearing on the price-volume behaviour in the share price and which is not yet disclosed to the stock exchanges.

National Aluminium Company Ltd (NALCO)

INTEGRATED CORE STRATEGIES ASIA PTE LTD sold 92,38,350 shares in National Alum Co Ltd at Rs 121.96 per share on the NSE.

Filatex India 

The board on March 29 will consider the proposal for the buyback of fully paid-up equity shares of the company.

Seacoast Shipping Services 

The company has divested a 9,990 equity share of Rs 10 each held in Laxam Comtrade. Therefore the said company is no more existence of a subsidiary of the company.

CSB Bank

The Reserve Bank of India has approved the appointment of Pralay Mondal as interim Managing Director and CEO of CSB Bank. The appointment will be for a period of three months with effect from April 1, 2022, or till the appointment of a regular Managing Director & CEO in the bank, whichever is earlier.

ICICI Bank 

The bank has launched ‘Chennai Super Kings ICICI Bank Credit Card’ in collaboration with Chennai Super Kings (CSK).

GPT Infraprojects 

The company has bagged an order valued at Rs 118 crore. This contract is a joint venture of which GPT’s share is 51%.

Kotak Mahindra Bank 

The bank has subscribed 10 lakh equity shares of Open Network for Digital Commerce (ONDC) for a consideration of Rs 10 crore, translating into an equity shareholding of 7.84% in ONDC as of March 22, 2022.

Axis Bank 

The bank has invested Rs 10 crore in Open Network for Digital Commerce (ONDC). ONDC has allotted Axis Bank 10,00,000 equity shares of the face value of Rs 100 each for a consideration of Rs 10 crore on March 22, 2022.

Triveni Turbine 

Subsidiary Triveni Turbines DMCC has signed an agreement for the acquisition of 70% equity shares of TSE Engineering Pty Ltd (TSE). TSE is registered under the laws of South Africa and is engaged in high precision engineering repairs and servicing of machinery in sugar and other industrial plants in the South African Development Community (SADC) region.

Shriram Transport Finance Company 

The company has raised Rs 50 crore through the allotment of senior secured rated, listed, redeemable, Non-convertible debentures (NCDs) of the face value of Rs 10 lakh each on a private placement basis.

Nelco

Nelco and Omnispace announced a strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services. The collaborative effort will expand the reach of 5G using satellite communication throughout India and South Asia.

Fino Payments Bank 

The bank has become the official Digital Payments Partner of the Rajasthan Royals for Season 15 of India’s biggest premier cricket competition.

Tata Consultancy Services (TCS)

The Rs 18,000-crore share buyback programme of Tata Consultancy Services, India’s second-most valuable firm, was subscribed over 7.5 times.