Key Stock Moves: ZEE, HDFC Bank, HCL Tech, Zomato, RVNL, and More: Indian stock markets rebounded strongly on Friday, gaining over 2% after a period of decline. Due to significant developments, today’s key companies, including ZEE, HDFC Bank, HCL Tech, Zomato, RVNL, and others, are in focus.
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HDFC Bank
HDFC Bank is finalizing the assignment of a ₹12,372 crore car loan portfolio, its second move in two months, to lower its credit-deposit ratio.
ZEE Entertainment
According to the company’s latest filing, Punit Goenka, the former Managing Director and CEO of Zee Entertainment, has officially withdrawn his consent for reappointment.
HCL Tech
SEBI has granted Roshni Nadar, Chairperson of HCL Tech, an exemption from making an open offer for her proposed indirect acquisition of shares and voting rights in the company.
Zomato
Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution, effective December 23. It marks a significant milestone for the food delivery giant.
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RVNL
RVNL has secured a Letter of Acceptance (LoA) from Eastern Railway for a significant infrastructure project, which includes earthwork, bridge construction, and track laying.
Indian Bank
The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar for the position of Managing Director of the Indian Bank.
Cochin Shipyard
Cochin Shipyard signed an MoU with Seatrium Letourneau USA, Inc. to design jack-up rigs and critical equipment for the Indian market.
VST Industries
VST Industries completed the sale of an immovable property in Hyderabad to ViNS Bioproducts and other entities, signifying a strategic asset liquidation.
Broader Market Implications
The developments in these companies could drive significant market movements, especially in sectors like technology, banking, logistics, and infrastructure. Investors are advised to track these stocks closely.
