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Stocks in news: HDFC Bank, Torrent Pharma, Cipla, RIL, Biocon, Tata Motors

GIFT Nifty on the NSE IX traded 11 points, or 0.05 per cent, lower at 20,089, signaling that Dalal Street was headed for muted start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons.

The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as MD and CEO of the lender till October 26, 2026.

Torrent Pharma, Cipla
Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, Reuters reported.

Read more: Here’s the trading setup for today’s session

Reliance Industries’ arm Reliance Jio launched JioAirFiber services, its integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across 8 metro cities.

Biocon‘s Board has approved the appointment of Peter Bains as the Group CEO, with effect from September 18, 2023. He will be reporting directly to Group Chairperson Kiran Mazumdar-Shaw.

Union Bank Of India
The union government has extended Nitesh Ranjan’s term as Executive Director of the bank for a further period of two years.

Tata Motors
Tata Motors announced that it will increase prices of its vehicles, effective 1 October 2023, up to 3%.

NBCC was awarded a work order worth Rs 150 crore, which includes repair and renovation of KVIC Properties Pan India.

LTIMindtree has launched Testing as a Service for Oracle SaaS. Following the success of RELY – a comprehensive suite of assurance and compliance services platform for enterprise applications, this new offering sets a new standard for Oracle SaaS testing.

Bluestar launched a QIP of up to Rs 1,000 crore on September 18. The floor price for the same has been fixed at Rs 784.5.

BL Kashyap
BL Kashyap has secured a new order worth Rs 167 crore for civil and structure works for a SAM project.

Jindal Steel
Jindal Steel has appointed Naveen Jindal as non-executive director and chairman from October 1.

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