Yes Bank stock price: Stocks in the news: SBI, Yes Bank, UPL, Equitas Bank and NBCC

Nifty futures on the Singapore Stock Exchange traded 132.5 points, 0.85% higher at 15,803, signaling Dalal Street was heading for a positive start on Thursday. Here are a dozen stocks that could buzz the most in today’s trading:

National Bank of India: The country’s biggest lender raised the minimum interest rate for home loans to 7.55% effective Wednesday. The move follows a 50 basis point hike in the repo rate to 4.90% by the Reserve Bank of India (RBI) last week. In May, RBI also raised the repo rate by 40 basis points.

UPL: The agrochemical major said it acquired a 100% stake in Punjab-based Kudos Chemie through its wholly owned subsidiary as part of a bankruptcy settlement process. The bench of the National Company Law Tribunal Chandigarh has given its approval to UPL’s resolution plan submitted under the Insolvency and Bankruptcy Code for the revival of Kudos Chemie.

Yes Bank:
Nearly completing its transformation journey since the implementation of the restructuring measures in March 2020, the private lender aims to recoup over Rs 5,000 crore in the current financial year, the lender said in its 2021 annual report. -22.

NBCC (India):
The state-run construction company got a total turnover of Rs 330.35 Crore in the month of May 2022, through various projects.

Equitas Small Finance Bank:
The private lender said the Reserve Bank of India had approved its proposal to reappoint managing director and CEO Vasudevan PN for a year. In its letter dated June 15, 2022, RBI endorsed the proposal to reappoint Vasudevan PN as Managing Director and Chief Executive Officer of the bank, for a period of one year.

EKI energy services: The carbon credit developer and provider said it has set up a wholly-owned subsidiary in Singapore. The subsidiary, EnKing International, will offer climate advisory and consulting services for carbon asset management through its comprehensive suite of sustainable solutions.

Overseas Indian Bank: The state-run lender said its board had approved the raising of equity of up to Rs 1,000 crore through the issuance of shares through various modes. The board approved the bank’s capital plan for 2022-23.

Titanagarh Carts: PSU, which is in talks with the Italian government for support to strengthen its operation in Europe, is confident of turning its branch around there by next year.

Usha Martin: Promoter entities Peterhouse Investments and PACs sold 63,000 shares of the company via open market trades on June 14 and 5. Thus, their stake in the company is reduced to 1.91%, against 1.94% earlier.


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