Stocks to watch: Stocks of 13 companies will be monitored in the stock market on Wednesday, October 1. Important business updates and announcements related to them have come. Let’s know which stocks will be in focus.
The Reserve Bank of India (RBI) has imposed a fine of ₹ 31.8 lakh on the Indian Overseas Bank for not following the Targets and rules of the priority sector lending (PSL). The fine was imposed after notice and investigation to the bank.
Pharma company has received its General Rivaroxaban Oral Suspension (1 Mg/Ml) from US FDA. This will be used in children to reduce the risk of treating and re -treatment of VTE (venous thrombombolism).
Adaani Total Gas CFO Parag Parikh resigned from September 30.
Oil India and Gail India
Oil India and Gail India have signed MOU to increase cooperation in natural gas. Its purpose is to increase the reach of clean energy in India.
ICICI Lombard General Insurance
The ICICI Lombard has received a GST order of ₹ 1,901 crore from the Additional Commissioner, CGST & Central Excise Palghar for a period of July 2017-March 2022. This includes interest. This is applicable to co-interaction premium and re-insurance commission.
The company has received a GST tax demand of ₹ 2,379 crore at the Coiny’s Premium and Reinstance Commission. The company is preparing to challenge it.
The government company signed the MoU to increase cooperation in the mobility sector with Etihad Rail and its subsidiary NICC LLC in UAE. The agreement was reached during the Global Rail Transport Infrastructure Exhibition and Conference in Agu Dhabi.
Atlanta Limited along with IRCON International signed a sub-contract of ₹ 2,485 crore + GST for the construction of 34.8 km of Bhandara-Gadchiroli Expressway in Maharashtra.
LG Balakrishnan & Bros Ltd
Some of the company’s IT systems affected the malware attack, but the operation is safe and not affected. Officers have been informed and prevention measures have been implemented.
Suryoday Small Finance Bank
Sunrise Small Finance Bank reported that it had received ₹ 313.89 crore under the Credit Guarantee Fund for Macro Units (CGFMU) Scheme from the National Credit Guarantee Trustee Company (NCGTC). This was the first interim claim of the bank’s 2023-24 base year. The bank clarified that the claim is part of the general business process.
Ashish Pandey on Tuesday took over as Managing Director (MD) and Chief Executive Officer (CEO) of the Union Bank of India.
Stocks to Buy: Tata Motors, Vedanta and Brokerage Bulish on BEL, advised to buy; Know full details with target
The ownership of Bhavish Aggarwal will raise Rs 880 crore by issuing preferred shares to the subsidiary Ola Cell of Ola Electric.
Government Housing Finance Company Hudco approved a loan of Rs 92,710 crore in the first half. Loan dispenser in Q2 has increased by 43.6% to Rs 13,026 crore on an annual basis.
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