Here’s a look at the key Indian stocks set to make headlines on Thursday, July 17, with major announcements from companies like IHCL, NTPC, Tech Mahindra, and HDFC Bank, as benchmark indices closed marginally higher on Wednesday.
Indian Hotels (IHCL) Eyes Expansion
Tata Group’s hospitality arm, Indian Hotels Company Ltd (IHCL), has made a significant move. The company acquired over 3.3 lakh equity shares in its wholly-owned subsidiary, ELEL Hotel and Investment Ltd, for more than Rs 165 crore.
This strategic investment is geared towards the development of Taj Bandstand, as ELEL Hotel and Investment holds the leasehold rights for the prime land parcel at Bandstand Bandra.
NTPC Powers Up Renewable Goals
State-run power giant NTPC is set for a major boost in its green energy initiatives. The government has permitted the company to invest up to Rs 20,000 crore for adding renewable energy capacity.
This increased allocation, up from the previous limit of Rs 7,500 crore, aims to help NTPC achieve its ambitious goal of 60 GW renewable energy capacity by 2032.
NLC India’s Green Investment
Following a similar trend, the government has also given the green light for state-run NLC India to invest Rs 7,000 crore in its subsidiary, NIRL. This funding is dedicated to enhancing the country’s renewable energy capacity.
The decision is expected to help NLC India add 10.11 GW of renewable energy capacity by 2030, contributing to a total of 32 GW by 2047.
Tech Mahindra’s Strong Q1 Performance
IT services major Tech Mahindra reported impressive financial results for the April-June quarter. The company’s consolidated net profit surged by 33.9 percent, reaching Rs 1,140.6 crore.
Revenue from operations also saw a healthy increase, climbing 2.65 percent to Rs 13,351.2 crore compared to the same period last year.
ITC Hotels Records Jump in Profit
ITC Hotels Ltd showcased strong performance in the first quarter ended June 30, 2025. The company announced a substantial 53 percent jump in its consolidated net profit, which stood at Rs 133.71 crore.
This profit growth was supported by a rise in consolidated revenue from operations, which reached Rs 815.54 crore for the quarter.
SBI Plans Major Fundraising
India’s largest public sector bank, State Bank of India (SBI), has announced plans to raise significant funds. The bank intends to raise up to Rs 20,000 crore through the issuance of Basel III compliant Additional Tier 1 and Tier 2 Bonds.
These bonds will be offered to domestic investors during the current fiscal year (FY26), pending government approval where necessary.
HDFC Bank Considers Bonus and Dividend
HDFC Bank is set to hold a crucial board meeting on July 19. During this meeting, the board will deliberate on two key proposals for its shareholders: the declaration of a special interim dividend for the financial year 2025-26 and the issuance of bonus shares.
Any decision on bonus shares will, of course, require approval from the bank’s shareholders.
Indian Overseas Bank Adjusts Lending Rates
Indian Overseas Bank has revised its Marginal Cost of Funds-based Lending Rates (MCLR). The bank announced a reduction of 50 basis points across all tenors, effective immediately from July 15.
For instance, the overnight MCLR is now 8.15 percent, down from 8.25 percent, and the one-month tenure MCLR has been revised to 8.40 percent from 8.50 percent.
- Indian Hotels is investing Rs 165 crore to develop Taj Bandstand.
- NTPC and NLC India received government approval for significant renewable energy investments.
- Tech Mahindra and ITC Hotels reported strong Q1 profit growth.
- HDFC Bank to consider bonus shares and a special dividend.
These developments highlight active corporate strategies and government support driving movement in the Indian stock market.
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Here’s a look at the key Indian stocks set to make headlines on Thursday, July 17, with major announcements from companies like IHCL, NTPC, Tech Mahindra, and HDFC Bank, as benchmark indices closed marginally higher on Wednesday.
Indian Hotels (IHCL) Eyes Expansion
Tata Group’s hospitality arm, Indian Hotels Company Ltd (IHCL), has made a significant move. The company acquired over 3.3 lakh equity shares in its wholly-owned subsidiary, ELEL Hotel and Investment Ltd, for more than Rs 165 crore.
This strategic investment is geared towards the development of Taj Bandstand, as ELEL Hotel and Investment holds the leasehold rights for the prime land parcel at Bandstand Bandra.
NTPC Powers Up Renewable Goals
State-run power giant NTPC is set for a major boost in its green energy initiatives. The government has permitted the company to invest up to Rs 20,000 crore for adding renewable energy capacity.
This increased allocation, up from the previous limit of Rs 7,500 crore, aims to help NTPC achieve its ambitious goal of 60 GW renewable energy capacity by 2032.
NLC India’s Green Investment
Following a similar trend, the government has also given the green light for state-run NLC India to invest Rs 7,000 crore in its subsidiary, NIRL. This funding is dedicated to enhancing the country’s renewable energy capacity.
The decision is expected to help NLC India add 10.11 GW of renewable energy capacity by 2030, contributing to a total of 32 GW by 2047.
Tech Mahindra’s Strong Q1 Performance
IT services major Tech Mahindra reported impressive financial results for the April-June quarter. The company’s consolidated net profit surged by 33.9 percent, reaching Rs 1,140.6 crore.
Revenue from operations also saw a healthy increase, climbing 2.65 percent to Rs 13,351.2 crore compared to the same period last year.
ITC Hotels Records Jump in Profit
ITC Hotels Ltd showcased strong performance in the first quarter ended June 30, 2025. The company announced a substantial 53 percent jump in its consolidated net profit, which stood at Rs 133.71 crore.
This profit growth was supported by a rise in consolidated revenue from operations, which reached Rs 815.54 crore for the quarter.
SBI Plans Major Fundraising
India’s largest public sector bank, State Bank of India (SBI), has announced plans to raise significant funds. The bank intends to raise up to Rs 20,000 crore through the issuance of Basel III compliant Additional Tier 1 and Tier 2 Bonds.
These bonds will be offered to domestic investors during the current fiscal year (FY26), pending government approval where necessary.
HDFC Bank Considers Bonus and Dividend
HDFC Bank is set to hold a crucial board meeting on July 19. During this meeting, the board will deliberate on two key proposals for its shareholders: the declaration of a special interim dividend for the financial year 2025-26 and the issuance of bonus shares.
Any decision on bonus shares will, of course, require approval from the bank’s shareholders.
Indian Overseas Bank Adjusts Lending Rates
Indian Overseas Bank has revised its Marginal Cost of Funds-based Lending Rates (MCLR). The bank announced a reduction of 50 basis points across all tenors, effective immediately from July 15.
For instance, the overnight MCLR is now 8.15 percent, down from 8.25 percent, and the one-month tenure MCLR has been revised to 8.40 percent from 8.50 percent.
- Indian Hotels is investing Rs 165 crore to develop Taj Bandstand.
- NTPC and NLC India received government approval for significant renewable energy investments.
- Tech Mahindra and ITC Hotels reported strong Q1 profit growth.
- HDFC Bank to consider bonus shares and a special dividend.
These developments highlight active corporate strategies and government support driving movement in the Indian stock market.
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