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Here is a list of top 10 stocks that will be in news today:
Titan: The Tata group firm said its sales in the April-June quarter were up nearly three-fold on a year-on-year basis, helped by a low base of the Covid-19 impacted quarter in the last year. "Sales in Q1FY23 grew 205 per cent YoY on a low base and clocked 3-year CAGR of 20.5% over Q1FY20," it said.
Bharti Airtel: Arm Bharti Airtel International (Netherlands) BV, which manages Airtel's Africa business, has raised tender offer to buy back up to $450 million (about ₹3,550 crore) of senior notes. The company had issued a tender offer to purchase $300 million worth of its 5.35% guaranteed senior notes of $1 billion due 2024. The offer commenced from June 21 and will expire on July 19.
Reliance Industries: The company's retail arm Reliance Retail has signed a long-term franchise agreement with US apparel major Gap Inc.The partnership will mark Gap’s return to India with its casual wear apparel brand.
Equitas Small Finance Bank: The lender said its gross advances grew by 22% from a year ago to ₹21,699 crore as of June 30. The bank's disbursements during Q1 FY23 rose by 156% to ₹3,238 crore as against ₹1,265 crore. Total deposits increased by 19% year-on-year to ₹20,386 crore.
Power Grid Corporation: The board of the state-owned company has approved two proposals to raise up to ₹11,000 crore through the issuance of bonds and term loans. The board approved a proposal to raise funds up to ₹6,000 crore from the domestic market through issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during FY2023-24 in up to 20 tranches.
NTPC/Gujarat Alkalies and Chemicals: The state-owned power giant's arm NTPC RE Ltd and Gujarat Alkalies and Chemicalshave inked a pact to collaborate for renewable energy and synthesising green chemicals.
Deep Industries: The company has received Letter of Awards from ONGC Limited, for charter hiring of two 1000 HP mobile drilling rigs for Ahmedabad asset for a period of three years. The total estimated value of the awards is around ₹150.24 crores.
Nykaa Fashion: FSN E-CommerceVentures, the company that owns Nykaa, has announced the launch of its underwear and athleisure brand for men, Gloot. Gloot products are made from a special fiber which enables them to have an 83% lower carbon footprint compared to a generic comparable fibre, the company said.
TVS Motor Company: The company has forayed into the premium lifestyle segment with the launch of 225-cc bike Ronin priced at ₹1.49 lakh, ex-showroom. The bike comes in three trims tagged at ₹1.49 lakh, ₹1.56 lakh and ₹1.69 lakh, respectively. It plans to sell around one lakh units of the model in the current financial year.
IndusInd Bank: The bank has tied up with MoEngage, an insights-led customer engagement platform, to deliver a differentiated digital experience across multiple customer journeys. As part of the partnership, Induslnd Bank will leverage MoEngage's technology platform to deliver 'Gen Z' digital banking experience to its customers.
