Stocks in the news: Infibeam Avenues, IndusInd Bank, Tata Motors, Britannia, Voda Idea and RIL

IndusInd Bank registered lukewarm performance on credit with loans and advances growing a meagre 2% to nearly Rs 2 lakh crore at the end of the September quarter,

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Tata Motors-owned Jaguar Land Rover (JLR) reported 11.9 per cent dip in sales in the second quarter this fiscal to 1,13,569 units.
Nifty futures on the Singapore Exchange traded 14 points, or 0.12 per cent higher at 11,538, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today's trade:

Infibeam Avenues: The company said it has signed a deal to license its ecommerce and payment software to Jio Platforms, Reliance Jio's digital platform venture. Infibeam Avenues is the Gandhinagar-headquartered parent of payment gateway company CCAvenue.

IndusInd Bank: Private lender IndusInd Bank registered lukewarm performance on credit with loans and advances growing a meagre 2% to nearly Rs 2 lakh crore at the end of the September quarter.


Britannia: The company board approved issue of a NCDs of the face value of Rs 29 by way of "bonus to the members of the company" for one paid-up equity share of face value of Re 1 (rupee one) each, by utilising its general reserve, Britannia Industries said in a regulatory filing. Besides, the board approved payment of dividend of Rs 12.50 per every by utilising its accumulated profits.

Tata Motors: Tata Motors-owned Jaguar Land Rover (JLR) reported 11.9 per cent dip in sales in the second quarter this fiscal to 1,13,569 units as compared to the same period previous year. The company's sales, however, improved by 50 per cent during the July-September quarter as against 74,067 units in April-June period of the current fiscal, JLR said in a statement.

Electrosteel Castings, Srikalahasti Pipes: The board of directors of Electrosteel Castings (ECL) and Srikalahasti Pipes (SPL) have approved the proposed scheme of amalgamation of the two companies. Post merger, the combined entity will become a leading manufacturer of ductile iron pipes.
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Sobha: The company has reported strong sales for the second quarter of FY21 despite the global outbreak of Covid-19, which has impacted the real estate sector the hardest.

Adani Ports and SEZ: The company said it has acquired 75% in Krishnapatnam Port Company for Rs 3,375 crore.

Vodafone Idea: Vodafone Group said its lenders, who had contributed in funding for Vodafone Idea’s rights issue, have approved the merger of Indus Towers with Bharti Infratel, and the two parties will now move NCLT to make the transaction effective.

HDFC: The housing finance major HDFC said its individual loan disbursements in the second quarter of 2020-21 reached 95 per cent of the level in the year-ago period and September saw the strongest recovery since the outbreak of coronavirus pandemic, suggesting business is returning to pre-crisis levels.
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HDFC Bank: The bank said it recorded a 16% growth in advances in the September quarter, while deposits climbed by a fifth.

SBI:
The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, recommended the names of Swaminthan Janakiraman and Ashwini Kumar Tewari for the posts of managing director at State Bank of India. Meanwhile, the bank is actively looking to hive off its digital platform Yono into a separate subsidiary, its chairman Rajnish Kumar said.

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RIL: Billionaire Mukesh Ambani's Reliance Industries has called off the proposed merger of his group's entertainment business with Sony Pictures Networks India following a strategic rethink.

Sterlite Technologies: Digital networks integrator Sterlite Technologies named Mihir Modi as its chief financial officer. He will lead all financial matters of the company and work closely with the executive committee and the board of directors, the company said in a statement.

Marico: The company said it has witnessed a partial revival in the consumer sentiment in the second quarter of the current fiscal after being impacted by the coronavirus pandemic.

Akzo Nobel: The company said business has recovered for it to 90-95% of the pre-Covid levels due to a rise in demand for mass-market products backed by rural recovery, pent-up demand and the upcoming festive season.



Angel Broking: BNP Paribas Arbitrage sold over 5.24 lakh shares of Angel Broking while Alphagrep Securities bought and sold almost the same number of shares at around Rs 280 per share. Earlier the stock debuted on the bourses at a 10 per cent discount to the issue price.

Aurionpro Solutions: The company bagged a Rs 30 crore order from the Transport Department of NCT, Delhi. The order entails supply, commission and operation of the Automated Fare Collection (AFC) System for the buses in Delhi for fleet size of over 4,000 buses, a statement said.
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