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Stocks in news: Wipro, Tata Motors, LTIMindtree, HDFC Bank, RR Kabel and more

Stocks in news: Wipro, Tata Motors, LTIMindtree, HDFC Bank, RR Kabel and more

Stocks to watch out for today: Tata Motors, Wipro, HDFC Bank, Biocon, BL Kashyap, Bluestar, LTIMindtree, NBCC, RR Kabel and more

Aseem Thapliyal
Aseem Thapliyal
  • Updated Sep 20, 2023 8:25 AM IST
Stocks in news: Wipro, Tata Motors, LTIMindtree, HDFC Bank, RR Kabel and more Stocks in news: Wipro, Tata Motors, LTIMindtree, HDFC Bank, RR Kabel and more
SUMMARY
  • Tata Motors said that it will hike the prices of its commercial vehicles by up to 3 per cent with effect from October 1.
  • The Reserve Bank of India has cleared the reappointment of Sashidhar Jagdishan as MD and CEO of HDFC Bank till October 26, 2026.
  • The board of Biocon has cleared the appointment of Peter Bains as the Group CEO, with effect from September 18, 2023.

Domestic equity market closed lower in the previous trading session. Sensex declined 241 points to 67,596, while Nifty fell 59 points to 20,192 on Monday.  Market was closed on account of Ganesh Chaturthi on Tuesday. 

Here’s a look at stocks that are likely to remain in news today. 

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HDFC Bank  

The Reserve Bank of India has cleared the reappointment of Sashidhar Jagdishan as MD and CEO of the lender till October 26, 2026. 

Torrent Pharmaceuticals, Cipla  

Torrent Pharmaceuticals is holding preliminary talks with Apollo Global Management for  a loan of up to $1 billion to help fund a planned bid for Cipla, reported Reuters. 

Reliance Industries 

Reliance Industries' arm Reliance Jio has launched JioAirFiber services, its integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across eight metro cities. 

Biocon 

The board of the pharma firm has cleared the appointment of Peter Bains as the Group CEO, with effect from September 18, 2023. He will report directly to Group Chairperson Kiran Mazumdar-Shaw. 

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BL Kashyap  

BL Kashyap has won a new order worth Rs 167 crore for civil and structure works for a SAM project. 

Bluestar  

AC maker Bluestar has launched a qualified institutional placement (QIP) of up to Rs 1,000 crore on September 18. The floor price has been fixed at Rs 784.5. 

LTIMindtree 

LTIMindtree has launched Testing as a Service for Oracle SaaS. Following the success of RELY - a comprehensive suite of assurance and compliance services platform for enterprise applications, this new product sets a new standard for Oracle SaaS testing. 

NBCC  

NBCC has won an order worth Rs 150 crore for planning, designing, and execution of upcoming works, including the construction of office buildings, residential campuses, and the redevelopment, repair, and renovation of KVIC Properties Pan India. 

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RR Kabel 

The wires and cables maker will list on the bourses on September 20. This is the the first company to list in the T+2 timeline. The IPO issue price was fixed at Rs 1,035 per share.  

Amber Enterprises India 

The company’s subsidiary ILJIN Electronics (India), and Gurgaon-based Nexxbase Marketing have inked a joint venture agreement for manufacturing, assembling and designing of wearables and other smart electronics products. Nexxbase is into the business of selling, distributing, marketing and advertising electronic products under its brand NOISE. The proposed JV firm will be 50% owned by ILJIN and 50% by Nexxbase.  

Wipro 

The IT firm has joined hands with ServiceNow to create Wipro CyberTransform - Intelligent ServiceNow Risk and Security Solutions. The solution will enable organisations to integrate their risk, compliance, and security postures more quickly and effectively. 

Tata Motors  

Tata Motors will raise prices of its commercial vehicles by up to 3 per cent. The price hike which will come into effect from October 1 will be applicable across the entire range of commercial vehicles. The move is aimed to offset the impact of past input costs, according to a company statement. 

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Also read: Adani Green Energy stocks in news on report Total likely to invest $300 million in new JV

Also read: RVNL, SAIL, Mazagon Dock, BEML, Bharat Dynamics shares to turn ex-dividend today

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Sep 20, 2023 8:25 AM IST
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