Stocks to Watch: TCS, Bank of Baroda, MCX, Birla Corporation, EIH Associated Hotels and more
TCS: Tata Consultancy Services is set to report its earnings for the second quarter of the financial year on October 11. It is likely to report a muted July to September quarter, in continuation to the softness seen in the past two quarters.Bank of Baroda | The Reserve Bank of India (RBI) on on October 10 directed the state-run bank to immediately suspend any further onboarding of customers onto its ‘bob World’ mobile application. This decision stems from significant supervisory concerns observed in the manner in which customers have been onboarded onto this mobile application.MCX | The Multi Commodity Exchange said it will go live with the new Commodity Derivatives Platform with effect from Monday, October 16, 2023. The exchange has also planned to conduct mock trading on October 15 to allow members to participate, and validate setup and connection, for which a separate circular would be issued.Birla Corporation | MP Birla Group flagship said it is faces a ₹8.42-crore penalty for excess limestone production in Madhya Pradesh during 2000-01 to 2006-07 period without the requisite environmental clearance as stipulated by the Environmental Impact Assessment (EIA) notification of 1994.EIH Associated Hotels | The firm said Shib Sanker Mukherji has resigned as its chairman and director with effect from October 10, 2023, due to personal reasons.Akzo Nobel India | The company said it has received a demand order for the collection of Goods and Services Tax (GST) along with interest and penalty from the office of the Deputy Commissioner, Karnataka GST Department. The demand order cum penalty stands at Rs 9.95 lakh, it said in a regulatory filing.
