Stocks to watch: Adani Ports, Maruti, ITC, Bajaj Auto, PNB, Titan

axis Bank: The private sector lender posted a 7.3% rise in its net interest income, after market hours on Tuesday ₹7,900 crore in the three months ended September. Net profit up 86% ₹3,133.3 crore during the period due to short provisions.

Zee Entertainment: The Bombay High Court on Tuesday ruled that Invesco demands that Zee Entertainment Enterprises Ltd convene a special shareholders’ meeting to remove Managing Director Puneet Goenka and reconstitute the board. Meanwhile, the National Company Law Tribunal will hear whether Zee should be ordered to convene a shareholders’ meeting on Wednesday.

Kotak Mahindra Bank: Private sector lenders Axis Bank and IndusInd Bank have made binding offers to buy Citi’s consumer business in India, valued at around $2 billion, said people with knowledge of the matter. The US bank, led by CEO Jane Fraser, is looking to exit consumer banking in 13 countries, including India.

IRB Infrastructure Developers: will rise ₹5,347 crore from Spanish infrastructure group Ferrovial SA and Singapore’s sovereign wealth fund GIC, in the biggest ever equity funding by an Indian road developer. Ferrovial’s subsidiary to invest up to Sintra Global SE ₹3,180 crore for 24.9% stake in IRB Infrastructure, while GIC will invest up to Rs. ₹2,167 crore for 16.9% stake.

IDFCIDFC Financial Holding Company has written to IDFC First Bank informing it of its value unlocking plans. IDFC Financial Holding holds 36.50% equity in IDFC First Bank. The lock-in period of five years for IDFC Limited as the promoter of the bank expired on September 30, 2020. Subsequently, RBI has clarified that IDFC Limited may exit as the promoter of IDFC First Bank.

Cadila HeathcareThe Center has negotiated the pricing of Zydus Cadila’s Covid-19 vaccine ZyCoV-D and is set to bring it into the public immunization program within weeks. This would mean starting to vaccinate children aged 12 years and above with identified co-morbidities.

Dr Lal Pathlabs: On Tuesday it said it has agreed to acquire Sequoia Capital-backed Suburban Diagnostics in a cash deal. The company is purchasing Suburban Diagnostics’ income before tax, depreciation and amortization (EBITDA) at an enterprise value of 18.5X its fiscal 2012 audited earnings. at least it works ₹925 crores with a limit of ₹1,150 crore, the company informed the exchanges.

Bajaj Finance: Post-market hours consolidated net profit on Tuesday ₹1,481 crore for the September quarter, up 53.4% ​​year-on-year. Net interest income up 28% ₹5,335 crore from ₹4,162 crore years. Gross NPA was 2.45% versus 2.96% per quarter, while Net NPA was 1.10% versus 1.46%.

CiplaReported consolidated net profit of : ₹711 crore for the quarter ended September, up 7% year-on-year, aided by strong performance in domestic and international markets. Revenue was up 0.28% ₹5,519.8 crore.

power grid: The state-run utility firm said that the high voltage direct current (HVDC) power transmission link connecting the three states of Chhattisgarh, Tamil Nadu and Kerala has started commercial operation.