Latest news with #SandeepBatra
India Today
3 days ago
- Business
- India Today
Stocks to watch on June 17: TCS, HCLTech, Zee, Biocon, Hyundai, ICICI Bank, NTPC
Even as tensions in the Middle East continue between Israel and Iran, the stock market saw gains on Monday, supported by strong performance in large-cap seemed focused on long-term growth despite the uncertain global environment. On Tuesday, several stocks will be in focus due to company announcements and other key include Tata Consultancy Services (TCS), HCL Technologies, Zee Entertainment, Biocon, Hyundai Motor India, ICICI Bank, NTPC, Vishal Mega Mart and Bata India on Sensex and Nifty. HCL TECHNOLOGIESHCLTech has entered into a strategic multi-year partnership with a large energy company based in Europe. The deal will see HCLTech building a new private cloud for and managing cloud and network services across its global operations. This move is expected to help handle its IT needs more efficiently and support its digital CONSULTANCY SERVICES (TCS)TCS has joined hands with the Council of Europe Development Bank (CEB) to improve the bank's operational systems. As part of this partnership, TCS will bring in its BaNCS platform for Reconciliations. This technology will use artificial intelligence to simplify and automate the bank's transaction matching and data checking BANKThe Reserve Bank of India has approved the reappointment of Sandeep Batra as Executive Director of ICICI Bank for another two years. His new term will begin on December 23, 2025. The reappointment is subject to approval from the bank's MEGA MARTPromoter firm Samayat Services is set to sell up to Rs 9,896 crore worth of shares in Vishal Mega Mart through block deals, according to a report by CNBC-TV18. The size of the sale has increased from an earlier plan of Rs 5,057 crore. The floor price for the share sale has been fixed at Rs 110 per has launched its qualified institutions placement (QIP) process to raise funds. The floor price for the issue is set at Rs 340.20 per share. As per reports, the company plans to raise around Rs 4,500 crore through this QIP. The money is likely to be used to support business growth and reduce NTPC has said it will consider raising up to Rs 18,000 crore through bonds. The decision will be taken in a meeting scheduled for June 21. The funds will be used for business needs, including project financing and working MOTOR INDIAHyundai has started production of passenger vehicle engines at its plant in Talegaon, Maharashtra. The move is part of the company's plan to expand its manufacturing base in ENTERTAINMENTThe board of Zee Entertainment has approved the issue of up to 16.95 crore fully convertible warrants to entities in the promoter group. These warrants will be issued on a preferential basis at a price of Rs 132 each, helping the company raise a total of Rs 2,237.44 crore. The funds may be used for future business needs and INDIAThe Bata Group has announced a new global CEO. Panos Mytaros will take over the top role, replacing Sandeep Kataria, who led the company since 2020. Mytaros brings global experience and is expected to lead the company through its next phase of growth. advertisement
News18
4 days ago
- Business
- News18
Stocks To Watch: Zee Ent, Asian Paints, NTPC, Vedanta, Sona BLW, HCL Tech, And Others
Last Updated: Stocks to watch: Shares of firms like Zee Ent, Asian Paints, NTPC, Vedanta, Sona BLW, HCL Tech, and others will be in focus on Tuesday's trade Stocks to Watch Today, June 17, 2025: Despite ongoing geopolitical tensions between Israel and Iran, Indian equity markets extended gains on Monday, led by strong buying in large-cap stocks. Investors continued to bet on long-term fundamentals despite global uncertainty. In today's trade, shares of Zee Entertainment, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor, and others will be in focus due to key corporate developments. Top Stocks in Focus ICICI Bank The Reserve Bank of India has approved the extension of Sandeep Batra's term as Executive Director for two more years. Jet Airways The company stated that financial results for FY24 and FY25 are yet to be finalised, as liquidation proceedings are currently underway. Tanla Platforms The board approved a share buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share through the tender offer route. NTPC NTPC's board will meet on June 21 to consider raising up to Rs 18,000 crore via bonds or non-convertible debentures (NCDs). The company has begun producing passenger vehicle engines at its Talegaon plant in Maharashtra starting June 16. The company plans to raise Rs 2,237.44 crore from promoter group entities, increasing promoter shareholding to 18.4%. Sona BLW Precision Forgings Following Chairman Sunjay Kapur's demise, the board will meet soon to elect a new chair. CEO Vivek Vikram Singh will continue leading operations. Biocon Biocon launched a qualified institutional placement (QIP) to raise Rs 4,500 crore by issuing up to 139 million new shares (11.6% of its current equity base) at a floor price of Rs 323.2. Mphasis The IT firm announced a strategic partnership with AI company Sixfold to offer generative AI solutions for insurance underwriters. Vishal Mega Mart Promoter entity Samayat Services LLP plans to sell around 10% stake via a block deal, aiming to raise USD 588 million. Asian Paints On Monday, Reliance Industries sold 8.5 million shares of Asian Paints at Rs 2,207 per share via the open market. ICICI Prudential Mutual Fund acquired the same number at the same price. Last week, RIL had offloaded 35 million shares (3.64% stake). HCL Technologies HCLTech entered into a strategic partnership with European energy firm to modernize its cloud infrastructure. Ramkrishna Forgings Promoters will infuse fresh capital through warrants priced nearly three times the market value. An EGM is scheduled for June 28 for shareholder approval. Lupin Lupin signed a licensing and supply agreement with Sino Universal Pharmaceuticals to launch Tiotropium DPI (18 mcg/capsule) in China to treat COPD. Nazara Technologies The board has approved the allotment of 50 lakh shares (face value Rs 4) at Rs 990 per share via preferential allotment to Axana Estates LLP, raising Rs 495 crore. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. tags : stocks to watch Location : New Delhi, India, India First Published: June 17, 2025, 08:19 IST News business » markets Stocks To Watch: Zee Ent, Asian Paints, NTPC, Vedanta, Sona BLW, HCL Tech, And Others
Time of India
4 days ago
- Business
- Time of India
RBI approves extension of ICICI Bank ED Sandeep Batra's term by 2 years
The Reserve Bank on Monday approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two years. RBI has, vide its letter dated June 16, 2025, approved the re-appointment of Batra as ED of the bank from December 23, 2025, to December 22, 2027, ICICI Bank said in a regulatory filing. The approval of the shareholders for the re-appointment will be sought in due course of time, it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Batra has been responsible for Corporate Centre since July 2018. He is responsible for Corporate Communications, Finance, Human Resources, Legal, Customer Service & Secretarial Groups. He is also administratively responsible for risk function, internal audit and compliance groups, as per the ICICI Bank annual report for FY24.
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Business Standard
12-06-2025
- Business
- Business Standard
ICICI commits ₹550 cr for Tata Memorial's cancer care centre in Vizag
ICICI Bank and Tata Memorial Centre launch advanced cancer block treat 3,000 patients annually Chennai ICICI Bank will collaborate with Tata Memorial Centre (TMC) to construct an eight-storied building at the Homi Bhabha Cancer Hospital and Research Centre (HBCHRC) in Visakhapatnam to 'serve' 3,000 patients annually, said the lender on Thursday. The bank has committed more than Rs 550 crore for the building that will spread over 3.9 lakh square feet and have the latest in medical technology. ICICI Foundation Block for Child and Blood Cancer will serve 3,000 patients annually at HBCHRC, which has a capacity of 6,200 patients. Designed as one of the largest specialised cancer facilities in India, the new building will house over 215 beds. It is expected to be completed by 2027, subject to necessary approvals. ICICI Foundation for Inclusive Growth, the CSR arm of ICICI Bank, will oversee its implementation. The foundation stone was unveiled by Pradeep Kumar Sinha, chairman of ICICI Bank. Sandeep Batra, executive director of ICICI Bank, and Sudeep Gupta, director of Tata Memorial Centre in Mumbai, attended the event. 'We are honoured to partner with TMC in a mission towards cancer care, that aligns with our philosophy of strengthening critical health care infrastructure in the country. This project reflects our commitment to enabling accessible and high-quality medical care for individuals in need,' said Sinha., Batra said: 'Two years ago, we announced our partnership with TMC by committing Rs 1,200 crore to set up three new blocks at its centres in Visakhapatnam, Navi Mumbai, and New Chandigarh. Recognising TMC's latest requirements, we are pleased to enhance our commitment to ₹1,800 crore.' Umesh Mahantshetty, director of HBCHRC, said: 'We are grateful to ICICI Foundation for their generous donation, which will significantly contribute to the advancement of cancer treatment and research. The partnership with ICICI Foundation is a testament to the collective efforts of our institutions in providing top-notch care and improving cancer outcomes for patients across the country.' 'At HBCHRC Visakhapatnam currently, we have been registering approximately 200 new paediatric cancer and 350-400 haematolymphoid cancer patients every year in the past three years. With the new block added, we will be able to augment the existing services substantially including expansion of bone marrow transplant programme and also initiate immunotherapy,' said Girish Chinnaswamy, professor and head, paediatric oncology, Tata Memorial Hospital, Mumbai. ICICI Bank's commitment of Rs 550 crore for the Visakhapatnam hospital is part of the expanded contribution of ₹1,800 crore.
Time of India
29-05-2025
- Business
- Time of India
We are bullish on India's growing affluent base: HSBC India's Sandeep Batra
Sandeep Batra, HSBC India's Head of International Wealth and Premier Banking Recently, HSBC India received Reserve Bank of India nod to open branches in 20 cities, a first in over a decade for any foreign bank in India. With this, the overall tally of the number of branches for HSBC will go up to 46. For HSBC, India is one for the priority markets and we are looking to leverage the unique growth potential the country has to offer and is committed to presence particularly in premier banking, says HSBC India Head International Wealth and Premier Banking Sandeep Batra to Times of India. In the exclusive interview, Batra discusses the unique international capabilities, unique product proposition, customer centricity and more. You have recently received approval to roll out new branches in the country, what does this signify for the bank and its customers? India is a priority market for HSBC and this milestone reinforces our long-term commitment to the market and our confidence in the wealth opportunity in the country. With this expansion, we aim to deepen our connection with customers, offering them seamless access to international financial solutions. These new branches will serve as additional touchpoints for affluent, high net worth and ultra-high net worth clients, meeting both their domestic and international wealth and banking needs. This aligns with our strategy to cater to the evolving needs of the International Indian, who seeks a trusted banking partner to meet their global aspirations. How is HSBC different than your peers, especially in a competitive market like India? HSBC's differentiation lies in our global expertise and local insights. Our focus is on the affluent segment, where we see significant opportunities to stand out with a unique value proposition that often our competition cannot match. We provide unparalleled international access, catering to aspirations like overseas education, investing in holiday homes overseas, and exploring career opportunities in other countries. They require seamless, multi-geographic banking services, and we are uniquely positioned to deliver this through our premier banking offering. This coupled with our 170-year heritage in India and a strong balance sheet, positions HSBC as a trusted partner for India's rising affluent population. Could you tell us more about your international offerings? Also how does HSBC's presence in GIFT City enhance the wealth propositions? We have significant strength in our international offering. From account opening via a digital and frictionless journey before students arrive in their destination to single view of all HSBC accounts across the globe in one place, from competitively priced payments via Global Money Transfers to portability of their existing HSBC credit history to apply for a HSBC credit card in the new country, we offer an array of products. We constantly look for opportunities to serve our customers needs. For instance, in a recent study, we found 78% of India respondents either aspire to send their child overseas for study, or already have a child studying overseas. To cater to their needs, we launched Global Education Payments enabling Indian students and customers of the bank to pay fees directly to 600+ international universities and colleges. At GIFT City, HSBC has recently expanded operations enabling clients to avail of global offerings across foreign currency banking accounts, dollar-based fixed deposits, dollar-denominated investment products, among others. HSBC credit cards have gained significant interest in the market. How are you differentiating the product basket and what kind of growth have you seen in the last one year? In 2024, we revamped the credit card portfolio to complement the lifestyles of our customers, by introducing HSBC Prive Credit Card, HSBC Taj Credit Card and HSBC Live+ credit card, along with an enhanced HSBC Premier Credit card. Our research showed our customers are looking for experiences such as hotel stay, airlines, concerts and more. We are offering significant benefits and discounts for the card holders, including early access to exclusive experiences. We are seeing a lot of interest from the market, spends on HSBC credit cards grew by 33% y-o-y in 2024, significantly outpacing industry growth of 17%. We also recently launched our rewards platform, the HSBC Rewards Marketplace, featuring 20,000 offerings, real-time redemptions and partnerships with 15 leading airlines and five global hotel chains as transfer partners, to further elevate the rewards experience for our customers. You launched your Global Private Banking in 2023. Could you share the trends you are seeing in the HNI and UHNI segment? Our Global Private banking clients are internationally minded with an investment surplus of US$2 million and above. While core portfolio staples like mutual funds, bonds, Portfolio Management Services (PMS) continue to remain popular, Alternatives have emerged as a preferred asset class over last 5 years and sophisticated investors are actively considering large portion of their fresh investments in alternates. Private equity (mid-stage, pre-IPO), private credit and real estate are preferred. Clients today are looking for a partner that brings a holistic approach to wealth and multi-generational planning, and the ability to offerbusiness banking, credit and financing. With a strong international outlook, they value international banking services and seamless access to global wealth hubs – areas where HSBC's global presence and expertise provide a distinct edge. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
