Wipro, SBI, Asian Paints, IDBI Bank among stocks to watch out for on June 15

Jun 15, 2022

By: Bhakti Makwana

Wipro

The IT company said it expects to quadruple employee count in Norway to 350 from 85 in the next two years and increase investment there locally to help clients capitalize on digital transformation.

Credit: BCCL

State Bank of India

The largest state-owned lender raised deposit rates by 15-20 basis points across three maturity buckets.

Credit: BCCL

Asian Paints

The paint maker has acquired 51 percent stake in Weatherseal Fenestration for ₹18 crore, which is now a subsidiary of the company.

Credit: BCCL

IDBI Bank

The lender has raised interest rates by up to 25 basis points on retail term deposits of less than ₹2 crore.

Credit: BCCL

Ashok Leyland

The company’s UK-based electric mobility arm, Switch Mobility, expects an orderbook pipeline of 1,000 electric buses by FY23.

Credit: BCCL

PNB Housing Finance

The company will raise up to ₹2,000 crore by issuing bonds on a private placement basis.

Credit: BCCL

Cipla

The pharma company and not-for-profit research and development organization DNDi launched child-friendly 4-in-1 anti-retroviral treatment for young children living with HIV in South Africa.

Credit: BCCL

Life Insurance Corp

The insurer giant has raised its stake in Hindustan Unilever, Hero MotoCorp and non-banking finance company Capri Global Capital through open market purchases over the last few months.

Credit: NTPC

NTPC

The power generating company will begin commercial operations of its 15 megawatt (MW) solar capacity at Kawas Solar Project in Gujarat.

Credit: NTPC

GR Infraprojects

The company’s subsidiary has executed the concession agreement with the National Highways Authority of India for a project worth ₹1,368 crore.

Credit: GR-Infraprojects

US stock market indexes jump to close best week since November as investors cheer tech earnings