RIL, SBI, HDFC Bank, ONGC among stocks to watch out for on June 29

Jun 29, 2022

By: Bhakti Makwana

Reliance Industries

Mukesh Ambani has resigned as the director of Reliance Jio effective June 27, and appointed his eldest son Akash Ambani as the chairman of the board.

Credit: BCCL

SBI, ICICI Bank, HDFC Bank

All the lenders have acquired 9.54 percent stake each in Perfios Account Aggregation Services Private (Perfios AA).

Credit: Route-Mobile

Oil and Natural Gas Corporation

The state-run company announced that four of the seven passengers and two pilots have died after a helicopter fell into the Arabian Sea on Tuesday.

Credit: Route-Mobile

Jet Airways

The airline is expected to sign a deal for new planes for its flight in the next few weeks.

Credit: Route-Mobile

Ruchi Soya

Edible oil firm Ruchi Soya Industries said the name of the company has been changed to Patanjali Foods with effect from June 24.

Credit: Route-Mobile

Jammu & Kashmir Bank

The bank has approved raising of equity capital up to ₹500 crore in one or more tranches, and another ₹1,500 crore through debentures on a private placement basis.

Credit: Route-Mobile

Novartis India

Novartis AG will cut as many as 8,000 jobs under a plan to save at least $1 billion by 2024 and boost the pharmaceutical giant’s performance.

Credit: Route-Mobile

Route Mobile

The firm’s board approved the proposal of buyback of equity shares at a price of ₹1,700 crore per share, totalling up to ₹120 crore.

Credit: Route-Mobile

V-Mart Retail

ICRA reaffirmed the credit rating of the firm and revised the outlook to positive from stable for the long term bank limits.

Credit: V-Mart-Retail

Although FII flows have reversed, retail investor confidence remains low thanks to macro concerns