Stocks to watch: Bajaj Finance, IDFC, DMart, RIL, IndusInd Bank, Vedanta, M&M Financial

IDFC Ltd, IDFC First Bank

The boards of IDFC First Bank Ltd and IDFC Limited approved their merger proposal.

Avenue Supermarts Ltd (DMart)

In the latest financial report, DMart revealed a remarkable 18.12% year-on-year (YoY) increase in revenue, amounting to Rs 11,584.44 crore.

Reliance Industries Ltd

Reliance Industries' telecom subsidiary, Reliance Jio, has launched an internet-enabled feature phone called JioBharat. This device is priced at Rs 999 and aims to assist 2G users in India to transition to a 4G network.

IndusInd Bank

IndusInd International Holdings Limited (IIHL) has announced that its board has given approval to raise up to $1.5 billion. The purpose of this capital raise is to increase IIHL's shareholding in the lender from the current 15% to 26% and to fund the acquisition of Reliance Capital.

Bajaj Finance Ltd

Bajaj Finance Ltd has announced that its assets under management (AUM) have increased by 32% to reach Rs 2,70,050 crore as of June 30th, compared to Rs 2,04,018 crore recorded on June 30th, 2022.

Mahindra & Mahindra Financial Services Ltd

Mahindra & Mahindra Financial Services reported that its disbursement for the month of June was Rs 4,250 crore, showing a 12 percent year-on-year increase.

Vedanta Ltd

In the case of Zinc India, Vedanta saw the highest-ever mined metal production in the first quarter at 257kt, up 2 per cent YoY on account of higher ore production

Hero MotoCorp

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, collaborated with American motorcycle maker Harley-Davidson to introduce the Harley-Davidson X440 in the Indian market.

Tanla Plaforms Ltd

Tanla Platforms Ltd has successfully finalized the acquisition of the entire paid-up share capital of ValueFirst Digital Media Private Limited, as outlined in the share purchase agreement dated June 8, 2023.