WATCH OUT FOR STOCKS IN NEWS

Watch out for the below mentioned stocks in news which are likely to be on spotlight for today the 16-April-2025 : - Tata Consultancy Services: The Andhra Pradesh government has allotted 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for a symbolic price of just 99 paisa. According to sources, TCS plans to invest Rs 1,370 crore in its Vizag unit and create 12,000 jobs. IndusInd Bank: The private lender has received a report from an external agency identifying discrepancies related to derivative deals. The report has quantified the negative impact of these derivative deals, as of June 2024, at Rs 1,979 crore. The agency has assessed an adverse impact of 2.27 per cent on the bank’s net worth as of December 2024 due to these discrepancies. ICICI Prudential Life Insurance Company: The private life insurance player reported a 122.3 per cent YoY to Rs 386.3 crore, while net premium income grew 10.7 per cent YoY to Rs 16,369.2 crore. The company also declared a final dividend of Rs 0.85 apiece. Value of new business grew 2.4 per cent YoY to Rs 795 crore, while VNB margins expanded to 22.5 per cent. Vedanta: Cairn Oil & Gas has acquired 7 new blocks in the Open Acreage Licensing Policy (OALP) Round IX auction. These newly awarded blocks include 4 onshore and 3 shallow water blocks located in the hydrocarbon basins of Cambay, Saurashtra, and Mumbai. With this addition, Cairn’s portfolio now comprises 69 blocks across the country.