Paytm, HDFC Bank, Lupin among stocks to watch out for on March 14

Mar 14, 2022

Credit: BCCL

Paytm

The Reserve Bank of India (RBI) has asked Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the bank.

Credit: BCCL

...Contd

The bank has also been directed to appoint an information technology (IT) audit firm to conduct a comprehensive system audit of its IT system.

Credit: BCCL

Gail (India)

The company’s board has approved the payment of the second interim dividend of ₹5 a share for the financial year FY22.

Credit: GAIL

Lupin

The pharma major announced approval of new drug Vigabatrin for Oral Solution USP by the US. The product will be manufactured at Lupin’s facility in Goa, India.

Credit: Wikipedia

Jubilant FoodWorks

Pratik Rashmikant Pota has resigned as the chief executive officer (CEO) and whole-time director of the company.

Credit: Wikipedia

HDFC Bank

RBI has lifted restrictions on the business generating activities planned under the Bank’s Digital 2.0 programme.

Credit: Wikipedia

SAIL

The company has scheduled its board meeting on March 16 to consider a proposal for a second interim dividend.

Credit: Wikipedia

CESC

Torrent Power has completed the acquisition of wind energy firm Surya Vidyut from CESC. Surya Vidyut was a wholly-owned subsidiary of CESC with a total capacity of 156 megawatts (MW).

Credit: BCCL

Power Finance Corporation

The company informed that it has paid ₹887 crore to the government as an interim dividend for the financial year 2021-22.

Credit: BCCL