RIL, HDFC, SBI, Zomato among stocks to watch out for on June 16

Jun 16, 2022

By: Bhakti Makwana

RIL, Zomato

Jio-bp, a fuels and mobility joint venture between RIL and bp, and Zomato announced an agreement to support the food delivery giant Zomato to achieve a 100 percent electric vehicle fleet by 2030.

Credit: BCCL

State Bank of India

The country's largest lender has raised the minimum rate for home loans to 7.55 percent from June 15.

Credit: ONGC

Oil and Natural Gas Corporation (ONGC)

Fitch Ratings revised the outlook on the long-term issuer default ratings (IDRs) of ONGC and six other Indian government-related entities (GREs) to 'stable' from 'negative'.

Credit: ONGC


In order to clean up its books before the announced merger with its subsidiary bank, HDFC is reportedly in the final stages of selling four large distressed accounts.

Credit: BCCL


Fitch Ratings revised its outlook to ‘stable’ from ‘negative’ for nine India-based banks, including SBI, ICICI Bank and Axis Bank.

Credit: BCCL

RIL, Bharti Airtel, Vodafone Idea

The Cabinet has approved the 5G spectrum auction for telecom players, which will be part of the total 72097.85 MHz of spectrum that will be put on sale on 26 July.

Credit: BCCL

Indian Overseas Bank

The public sector lender's Board has approved raising up to ₹2,000 crore by issuing equity shares and bonds, in FY23.

Credit: BCCL


The company has invested ₹40 crore in specialty chemicals manufacturer, Kudos Chemie through its subsidiary USCL.

Credit: BCCL

Equitas Small Finance Bank

The private lender said that the RBI has approved the extension of the tenure of MD and CEO Vasudevan P N for one year.

Credit: BCCL

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