Hindustan Zinc | Vedanta Group firm released its Q1 business update, showcasing a mixed performance across various production metrics. It reported a mined metal production of 263 kilo tonnes, marking a 2% increase year-on-year but a 12% decrease quarter-on-quarter. Saleable metal production stood at 262 kilo tonnes, up 1% rise YoY and a 4% dip QoQ.
Zomato | Food delivery aggregator said it’s its wholly-owned subsidiary, Zomato Financial Services, has decided to withdraw its application for a non-banking financial company registration with the RBI. The application, initially submitted on April 29, 2022, has been voluntarily withdrawn.
HDFC Bank | The bank released June quarter shareholding where FII holding has declined to 54.83%. FII Holding had to fall below 55% for an increase in MSCI weightage, which will result in inflows of nearly $3 billion to $4 billion. The foreign investment ceiling in HDFC Bank is currently at 74%.
Avenue Supermarts | The company’s standalone revenue from operations for the quarter ending June 30, 2024, stood at ₹13,711.87 crore, marking an 18.32% increase from ₹11,584.44 crore in Q1 FY24. As of June 30, 2024, the total number of stores stood at 371, including one store in Rajkot, Gujarat, which is temporarily closed to customers.
Kotak Mahindra Bank | The Private sector lender issued a clarification in response to a show-cause notice received from SEBI regarding allegations of short-selling Adani Enterprises’ stock prior to a report by Hindenburg Research. The notice also involves entities related to Hindenburg, Kingdon, and K India Opportunities Fund Ltd – Class F.
IEX | The company reported robust growth in electricity trading volumes for June 2024, marking a significant year-on-year increase of 24.7%. The exchange achieved an electricity volume of 10,185 MU for the month, with the total volume, including certificates, reaching 10,677 MU, up by 19.4% compared to the previous year.
M&M Financial Services | According to the company’s update, disbursements in June 2024 totalled approximately ₹4,370 crore, marking a modest 3% year-on-year increase. For Q1 of FY25, disbursements reached around ₹12,730 crore, reflecting a stronger 5% year-on-year growth trajectory.
YES Bank | The bank reported a nearly 1% sequential growth in loans and advances at nearly ₹2.30 lakh crore in the April-June quarter, up from nearly ₹2.28 lakh crore in the quarter ended March 31, 2024. YES Bank’s deposits dipped slightly by 0.5% to almost ₹2.65 lakh crore in the quarter ended June 30 from nearly ₹2.67 lakh crore in the previous quarter.
