Wipro, Yes Bank, Tata Power among stocks to watch out for on June 9

Jun 9, 2022

By: Bhakti Makwana

Wipro

To undertake digital transformation for Petrobras, the largest publicly traded company in Brazil and one of the largest oil and natural gas companies in the world.

Credit: BCCL

Yes Bank

Plans to exit the reconstruction scheme formed by RBI and the government to save the ailing lender two years back as it seems to be back on its feet.

Credit: YES-Bank

Vedanta

The company plans to pledge 5.77 percent stake in Hindustan Zinc for a term loan of ₹8,000 crore.

Credit: Crompton-Greaves

Tata Power

Subsidiary Tata Power Solar has commissioned a 450 megawatt solar plant for Brookfield Renewable India in Rajasthan.

Credit: Crompton-Greaves

Future Enterprises

The debt-ridden Future Group firm has defaulted on payment of interest of ₹1.41 crore for its non-convertible debentures, which was due on June 6.

Credit: Crompton-Greaves

Bank of India

The bank increased its repo-based lending rate to 7.75 percent after the RBI hike repo rate by 50 bps to 4.9 percent.

Credit: Crompton-Greaves

Punjab National Bank

The bank raised its repo-linked lending rate to 7.4 percent after RBI's decision to hike repo rate.

Credit: Crompton-Greaves

Crompton Greaves Consumer Electricals

The company’s board will meet next week to consider raising up to ₹925 crore through debt securities.

Credit: Crompton-Greaves

Rail Vikas Nigam

The railway firm has entered into an agreement with Kyrgyzindustry for the execution of infrastructure projects in Kyrgyz Republic.

Credit: Rail-Vikas-Nigam

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