Stocks in news: IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel
IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel will be in focus due to various news developments.
Bank Of India
Bank Of India has received a demand notice of just over Rs 1,000 crore from the assessment unit, Income Tax department, pertaining to AY 2016-17.
Indian Oil Corp
Indian Oil and Panasonic Energy have signed a binding term sheet to draw a framework for formation of a JV for manufacturing cylindrical lithium-ion cells in India in anticipation of expanding demand for batteries for two-and three-wheel vehicles and energy storage systems in the Indian market.
Infosys
Infosys received orders from the income tax department for assessment years 07-08 to 15-16, 17-18 and 18-19 during the quarter. As per the orders, the company expects a refund of Rs 6,329 crore.
Read more: Here's the trade setup for today's session
Zomato
The company has received an order for FY19 raising demand of GST of Rs 11 crore along with applicable interest.
GRSE
Garden Reach Shipbuilders and Engineers continued to maintain an upward financial growth and has achieved an annual turnover to the tune of Rs 3,400 crore for FY24, the highest ever in the history of the company.
HDFC Bank
HDFC Bank is lookinf to sell its 100% stake in HDFC Education and Development Services through a Swiss challenge method.
NTPC
NTPC said that its Barauni thermal power station stage-I comprising two Units of 110 MW each will be permanently discontinued with effect from March 31, 2024.
JSW Steel
JSW Steel's subsidiary JSW Vijayanagar Metallics has
