Stocks in Focus on Feb 22: HDFC Bank, Vedanta, IRCTC & More

  • Stock Market News
Stocks in Focus on Feb 22: HDFC Bank, Vedanta, IRCTC & More
Credit: © Reuters.

By Malvika Gurung -- HDFC Bank (NS: HDBK ): An order from the markets regulator SEBI against the private lender has been cancelled by the Securities Appellate Tribunal, in which the regulator had imposed a penalty of Rs 1 crore on the bank in a case on invoking securities pledged by BRH Wealth Kreators, a stockbroker.

Indiabulls (NS: INBF ) Group Companies: After raids conducted by the Enforcement Directorate at Indiabulls Finance Center in Delhi and Mumbai, shares of the company’s different stocks plunged on Monday.

Hero MotoCorp (NS: HROM ): A new position of chief growth officer has been created by the auto company, for boosting emerging opportunities post-Covid. Ranjivjit Singh was appointed as the Chief Growth Officer.

IRCTC (NS: INIR ): The state-owned company has partnered with Bank of Baroda Financial Services to present IRCTC BOB Contactless Credit Card on the RuPay platform with NPCI, stated a news report.

SBI (NS: SBI ) Life Insurance Company(NS: SBIL ): BNP Paribas (PA: BNPP ) Cardif, holding 0.2% share capital in the insurer, and a promoter, has requested to be reclassified as a public shareholder.

Vedanta (NS: VDAN ): The company’s group firm, Cairn Oil & Gas made an oil discovery in Rajasthan on Monday, notifying the government and the Directorate General of Hydrocarbons (DGH) of this discovery, which has been named ‘Durga’.

NHPC (NS: NHPC ): The state-owned hydropower giant’s 120 MW power station in Mashka, J&K, has resumed its power generation, after being under complete shutdown since September 2020.

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