Stocks in news: HDFC Bank, Suzlon Energy, Tata Steel, BEL, MCX
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Markets ended the week on a firm note, gaining nearly a percent, supported by favorable domestic cues. In today's trade, shares of HDFC Bank Tata Steel , BEL, MCX among others will be in focus due to various news developments.HDFC Bank will pursue legal remedies in response to allegations made by the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has called on financial sector regulators to suspend and prosecute the bank's Managing Director and CEO, Sashidhar Jagdishan.Capital markets regulator Sebi has issued a corrigendum to its recent interim order in the IndusInd Bank insider trading case.Suzlon Energy's promoters, the Tanti Family and Trust, are likely to offload 20 crore shares in a block deal on Monday, according to reports. Adani Group firm Ambuja Cements -- the second largest cement producer in the country -- contributes to nearly 30% of the cement used for India's homes and infrastructure, the company said in its latest annual reportTelecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial domains.Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027.LIC MD Sat Pal Bhanoo has been entrusted with the financial and administrative powers and functions of LIC's CEO and MD for 3 months with effect from June 8.NHPC announced the start of operation of the third phase of part capacity of 53.57 MW of the 300 MW Karnisar Solar Power Project, BikanerHindustan Copper Ltd (HCL) said it has signed a Memorandum of Understanding (MoU) with RITES.GRSE has signed a memorandum of understanding (MoUs) during an official delegation visit to Sweden and Denmark, aiming to strengthen its marine engineering portfolio and explore opportunities in expedition cruise vessels.MCX received a Securities and Exchange Board of India (Sebi) nod to launch electricity derivativesTata Electronics and Bharat Electronics Ltd (BEL) signed a memorandum of understanding (MoU) to jointly explore semiconductor and advanced electronics solutions.
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