Infosys, Jindal Steel, PSU banks and other stocks in focus on June 8

Jun 8, 2021

By: Rounak Jain

Infosys

It has partnered with Archrock, Inc., a US-based company, to digitise and provide mobile tools for its field service technicians. Archrock is a leading natural gas compression service provider in the US.

Credit: Infosys

Jindal Steel and Power

It reported an increase in steel production in May 2021 to 13.71 lakh tonnes as compared to 10.44 lakh tonnes a year ago. Sales rose by 7 percent to 10.58 lakh tonnes, year-on-year.

Credit: Jindal-Steel-and-Power

PSU Banks

Indian Overseas Bank, Central Bank of India and Bank of India are buzzing on reports on privatisation being considered by the government.

Credit: Unsplash

Earnings today

Engineers India, Galaxy Surfactants, Hester Biosciences, Ion Exchange India, Max Financial Services, Petronet LNG, PTC India Financial Services, Suven Pharmaceuticals, Wonderla Holidays.

Credit: Pixabay

Indiabulls Housing Finance

It has partnered with the Central Bank of India to provide retail and MSME loans. 20 percent of the loans will be on Indiabulls’ books while the rest will be with the Central Bank of India.

Credit: Indiabulls-Housing-Finance

Punjab National Bank

It has been fined ₹2 crore by the Reserve Bank of India for violating guidelines related to fraud management – more specifically, the penalty is for delayed reporting and data inaccuracy.

Credit: BCCL

Bank of India

It has been fined ₹4 crore by the Reserve Bank of India for not complying with KYC and anti-money laundering norms.

Credit: BCCL

Union Bank of India

It reported an 83 percent increase in its March 2021 quarter net profit to ₹1,330 crore. However, net interest income fell 18 percent to ₹5,403 crore, year-on-year.

Credit: Union-Bank-of-India

Shriram Transport Finance

It has announced a fundraising of ₹2,000 crore via qualified institutional placement, with the floor price set at ₹1,433 per equity share.

Credit: Shriram-Transport-Finance

Surya Roshni

It has received a ₹171 crore order for coated line pipes from Indradhanush Gas Grid for its gas grid pipeline project.

Credit: Surya-Roshni

Mark Zuckerberg falls off Glassdoor's top 100 CEOs list for the first time since 2013, as his employee-approval rating on the website drops