Key market updates for September 23, 2024

Stocks to Watch Today: Vodafone Idea, HDFC Bank, Tata Steel, and More

HDFC Bank's Subsidiary to List Shares

HDB Financial Services (HDBFS), a subsidiary of HDFC Bank, is set to list its equity shares, including a fresh issue of ₹2,500 crore.

Vodafone Idea's Investor Meeting and Network Expansion

The company announced a $3.6 billion deal with Nokia, Ericsson, and Samsung to enhance its 4G and 5G networks.

IIFL Finance Downgrade Amid Gold Loan Concerns

CARE Ratings downgraded IIFL’s long-term instruments from “AA” to “AA-” following a dip in the gold loan portfolio.

Tata Steel Increases Odisha Plant Capacity

Tata Steel inaugurated a new blast furnace at its Kalinganagar plant, raising capacity from 3 to 8 million tonnes.

Mankind Pharma to Raise ₹10,000 Crore

Mankind Pharma plans to raise up to ₹10,000 crore via non-convertible debentures and commercial papers.

Reliance Infrastructure's ₹6,000 Crore Fundraising Plan

Reliance Infrastructure aims to raise over ₹6,000 crore, with ₹1,100 crore from promoters and ₹1,910 crore from Mumbai-based investors.

BHEL Secures ₹6,100 Crore NTPC Order

BHEL won a ₹6,100 crore order from NTPC for an EPC package for the 1x800 MW Sipat Supercritical Thermal Power Project.

Adani Total Gas Secures $375 Million Funding

Adani Total Gas, a joint venture between Adani Group and TotalEnergies, received $375 million in funding from global lenders

SpiceJet Raises ₹2,999.99 Crore

SpiceJet approved the issuance of 48.7 crore equity shares to qualified institutional buyers at ₹61.60 per share, raising ₹2,999.99 crore for expansion.

ONGC Videsh Signs Azeri Gas Field Deal

ONGC Videsh signed a significant agreement for non-associated gas in Azerbaijan’s ACG field, with estimated gas resources around 4 trillion cubic feet.