RIL, Wipro, Paytm, Persistent Systems among stocks to watch out for on March 15

Mar 15, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Reliance Industries

RIL’ s subsidiary Reliance New Energy has announced the acquisition of assets of lithium battery technology firm Lithium Werks BV for $61 million.

Credit: BCCL

Anupam Rasayan India

The chemical company announced Afzal Malkani has resigned from the post of Chief Financial Officer of the company due to personal reasons. Meanwhile, the company has replaced Amit Khurana for the position with effect from March 15.

Credit: BCCL

RITES

The company has declared a third interim dividend of ₹7.50 per share.

Credit: BCCL

Wipro

The information technology (IT) services major has announced a contract from Speira, a leading global aluminium rolling and recycling company, to strengthen the technology infrastructure and cybersecurity requirements of Speira.

Credit: BCCL

Persistent Systems

The company has acquired US-based MediaAgility, which provides cloud-native application development and modernisation, analytics and artificial intelligence, cloud engineering, migrations, and managed services to its 35 plus enterprise service clients across the globe.

Credit: BCCL

Future Enterprises

The Securities and Exchange Board of India (SEBI) has reportedly imposed a penalty of ₹5 lakh on Future Enterprises for violation of disclosure norms pertaining to arbitration proceedings before the Singapore International Arbitration Centre (SIAC).

Credit: BCCL

Avantel

The company has received the supply order of Loco devices for implementation of RTIS phase – 2 (Real Time Train Information system) for an amount ₹125.68 crore.

Credit: BCCL

Indian Oil Corporation

Indian Oil Corp has reportedly bought 3 million barrels of Russian Urals, its first purchase since Russia invaded Ukraine.

Credit: BCCL

Paytm

A spokesperson of One 97 Communications, the parent entity of the digital payments giant Paytm has denied allegations of sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank. RBI has banned the firm from taking new customers last week.

Credit: BCCL

Paytm, HDFC Bank, Lupin among stocks to watch out for on March 14