Top stocks in focus: ONGC, InterGlobe Aviation, Hero MotoCorp, HDFC Bank, Tata Motors

30 Mar 2022 , 07:52 AM

The government will this week sell up to 1.5% of its stake in the country’s top oil and gas producer ONGC to raise about Rs3,000 crore.

InterGlobe Aviation Ltd, which operates India’s biggest carrier IndiGo has appointed Gaurav Negi as Chief Financial Officer effective April 01, 2022.

Hero MotoCorp will increase the prices of its motorcycles and scooters by up to Rs2,000 from April 5.

HDFC Bank has inked an agreement to invest Rs3 crore in the first tranche to acquire a stake in debt management company IDRCL. 

Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term.

Tata Steel has appointed Noel Naval Tata, a trustee on the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, its additional director and designated him as the vice-chairman.

Ruchi Soya Industries has rescheduled its board meeting on March 31 to fix issue price of its Rs4,300 crore FPO (follow-on public offer) in view of markets regulator Sebi’s direction to allow withdrawal of investors’ bids till Wednesday.

IDBI Bank to sell an entire stake of 20 crore equity shares in Ageas Federal Life Insurance.