Buzzing Stocks Today: Tata Power, Bank of Baroda, SpiceJet, TCS and More – A Closer Look
In a major step towards bolstering India’s electric vehicle (EV) infrastructure, Bridgestone India has announced a strategic partnership with Tata Power to deploy EV charging stations at its dealerships nationwide. Under this groundbreaking collaboration, Tata Power will deploy cutting-edge 25/30 kWh capacity DC fast chargers, capable of recharging a four-wheeler in just one hour. This means up to 20-24 vehicles can be seamlessly charged in a single day. What’s more, these chargers will operate 24/7, ensuring round-the-clock accessibility for EV owners.
IDFC First Bank
IDFC First Bank, a prominent private sector lender, recently garnered Rs 3,000 crore in equity capital and is now setting its sights on securing a similar sum through debt capital, specifically Tier II bonds. This strategic move is intended to fuel the bank’s continued expansion and development.
Bank of Baroda
The Reserve Bank of India (RBI) has instructed Bank of Baroda to temporarily suspend new customer registrations for its Bob World mobile application. The directive also includes a mandate to ensure that existing app users face no disruptions during this suspension period.
In a significant development, the National Company Law Tribunal (NCLT) has called upon SpiceJet, the renowned low-cost airline, and its aircraft lessors, Aircastle and Wilmington, to closely examine the implications of a recent government notification. This notification, issued just last week, effectively lifted aviation lease agreements from the protective umbrella of the Insolvency and Bankruptcy Code (IBC).
As we approach TCS’s much-anticipated Q2 2023 earnings release on October 11, market analysts are expecting a subdued performance in terms of constant currency (cc) revenue growth compared to the previous quarter. The prevailing concerns over global macroeconomic conditions have continued to impact client spending across various sectors, contributing to this anticipated softness.
The Adani Group, helmed by billionaire Gautam Adani, has achieved a significant milestone by securing approval from a consortium of leading banks. The conglomerate is set to receive a substantial syndicated loan, valued at approximately $3.5 billion, earmarked for the purpose of refinancing the debt incurred during the acquisition of Ambuja Cements Ltd. This move marks a pivotal moment in addressing the Ambuja Cements debt.
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