Top 5 stocks in focus on October 30: HDFC Bank, Bharti Airtel to HSIL, here are the 5 newsmakers of the day
HDFC Bank, Bharti Airtel and HSIL that came in the news after the market was closed for trading and can have an impact on October 30, 2018.
Indian stock markets closed in the green on October 29, 2018. But there were certain stocks like HDFC Bank, Bharti Airtel and HSIL that came in the news after the market was closed for trading and can have an impact on October 30, 2018.
Here is the list of five such stocks:
HDFC Bank: The Reserve Bank of India has given its approval to reappoint Aditya Puri as managing director and chief executive officer of to HDFC Bank till October 2020.
Bharti Airtel: Bharti Airtel Ltd. in a clearance on the news that the company is delaying the planned initial public offering of its Africa unit. The company in its clearance has said preparations for the Africa unit IPO are proceeding according to plan and there have been no changes. The company remains “very confident” about the listing process, the representative said.
Reliance Communications: The telecom department (DoT) will challenge the telecom tribunal TDSAT's order allowing Reliance Communications to sell spectrum to Reliance Jio without providing the bank guarantee.
Allahabad Bank: The bank has raised Marginal Cost of Funds based Lending Rate (MCLR) of the Bank by 5 basis points or 0.05 per cent with effect from November 1, 2018.
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HSIL: The company has signed a distribution agreement with Formenti E Giovenzana of Italy, giving exclusive distribution rights to the company for India and other territories as may be mutually agreed. The company will be engaged in the distribution of kitchen and furniture functional hardware fitting products manufactured by the Italian company.