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Stocks in Focus: NTPC, RBL Bank, TCS, TVS Electronics & More

Published 23-08-2022, 10:46 am
© Reuters.
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By Malvika Gurung

Investing.com -- NTPC (NS:NTPC): The state-owned energy giant has successfully commissioned the first part of the 20 MW Gandhar Solar PV Project at Gandhar, Gujarat, on commercial operation. 

Tata Consultancy (NS:TCS) Services: The IT major informed that South Africa’s Absa CIB appointed it for aiding the digital transformation of the bank’s investment banking services, using the IT giant’s ‘BaNCS’ platform.

Bank of Baroda (NS:BOB): The public sector lender shall raise Rs 2,500 crore by issuing Basel III compliant AT-1 bonds in single or multiple tranches.

RBL Bank (NS:RATB): The private lender’s board has given a green signal for raising about Rs 3,000 crore to fund its business growth, subject to the approval of shareholders.

IIFL Finance (NS:IIFL): The board of directors of subsidiary IIF Home Finance has approved to allot 53.76 lakh equity shares to the subsidiary of Abu Dhabi Investment Authority.

TVS Electronics (NS:TVEL): The electronics company has executed a business transfer agreement with GTID Solutions Development to acquire their business and rights for Rs 2.25 crore, foraying into the mobile POS software solutions and authentication solutions space.

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