RIL, Bharti Airtel, HUL among stocks to watch out for on July 1

Jul 1, 2022

By: Bhakti Makwana

Reliance Industries

Reliance Brands has announced a strategic partnership with Pret A Manger, a global fresh food and organic coffee chain, to launch and build the brand in India.

Credit: BCCL

Bharti Airtel

The Competition Commission of India approved Google’s investment of nearly $1 billion for 1.28 percent in the telecom operator.

Credit: BCCL

Kotak Mahindra Bank

SEBI has fined Kotak Mahindra Asset Management Company and its MD Nilesh Shah, chief investment officer (debt) Lakshmi Iyer, and four other senior company officials for violation of mutual fund rules.

Credit: BCCL

Hindustan Unilever

The company’s CEO and MD Sanjiv Mehta will be appointed as president commissioner (non-executive chairman) of Anglo-Dutch FMCG major Unilever's Indonesia business.

Credit: BCCL

Indian Oil Corporation

The company said it will invest ₹740.2 crore in raising the capacity of its Digboi Refinery in Assam from 0.65 million tonne per annum to one million tonne per annum.

Credit: BCCL

Future Enterprises

The debt-ridden company has defaulted for the fifth time in June on payment of interest of ₹6.15 crore for its non convertible debentures.

Credit: BCCL

Punjab National Bank

The lender revised the base rate by 25 basis points across tenures with effect from July 1, 2022.

Credit: BCCL

Lupin

The pharma company received approval from USFDA for Paliperidone, a tablet mainly used to treat schizophrenia and schizoaffective disorder.

Credit: BCCL

Zydus Lifesciences

The company has received the final approval from the USFDA to market Lacosamide injection, which is used to treat partial-onset seizures.

Credit: BCCL

Novartis

The pharma firm said its division Sandoz Technical Operations has inaugurated a new manufacturing facility in Maharashtra.

Credit: Novartis

Indian moviegoers might stay home this August in spite of big releases, says survey