Stocks to watch: HDFC Bank, Mahindra Logistics, Paras Defence, TCS

HDFC bank: India’s largest private lender HDFC Bank has partnered with India Post Payments Bank (IPPB) to offer its banking services in semi-urban and rural areas. Under the agreement, HDFC will cater to over 47 million customers of IPPB, most of whom (about 90 per cent) live in rural areas.

Siemens: A joint venture between Tata group company TRIL Urban Transport Limited and Siemens’ arm Siemens Project Ventures will develop the metro corridor for the Pune Metro under the Public Private Partnership (PPP) route. The joint venture has created a special purpose company named Pune IT City Metro Rail Limited.

Mahindra Logistics: Mahindra Logistics Limited (MLL), a third party logistics solutions provider, today announced the acquisition of Meru. Mahindra Logistics today said that the company has acquired 100 per cent equity share capital of Meru Mobility Tech Pvt Ltd, V-Link Fleet Solutions Pvt Ltd and V-Link Automotive Services Pvt Ltd from Meru Travel Solutions Pvt Ltd (MTSPL).

axis Bank: Private lender Axis Bank today said that the Reserve Bank of India today approved the re-designation of Rajiv Anand as Deputy Managing Director of the bank till August 3, 2022. The bank board had approved the refinance in its meeting on October 27, 2021. Anand has been appointed as Deputy MD.

Paras Defense: Paras Defense has been selected by the Defense Research Development Organization (DRDO) as one of the companies to hand over the technology of Border Surveillance System, the company informed the exchanges today.

JSW Steel / JSW Energy: Trade conglomerate JSW Group on Monday unveiled a new green initiative for its employees that will provide incentives on electric vehicle purchases with special provision for free charging stations and separate parking facilities in offices. The company’s Electric Vehicle (EV) policy, which aligns with India’s Nationally Determined Contribution (NDC) and the International Energy Agency (IEA)’s Sustainable Development Scenarios (SDS), will be applicable to its nationwide workforce with effect from January 1, 2022. Will be

TCS: Tata Sons Chairman N Chandrasekaran today said the group’s strategy going forward will be based on four themes, digital, new energy, supply chain resilience and health. “Our group companies are already adopting the above changes, and we are seeing strong performance,” Chandrasekaran said in a letter to employees. “Our new pilots and businesses, from 5G to TataNeu and Tata Electronics, are set to benefit from these four themes,” he said.

Oil India: The country’s second largest state-run oil explorer Oil India Limited is setting up a plant to produce green hydrogen at its Jorhat oil field in Assam, the company said in a statement.

Godfrey Phillips India: Cigarette maker Godfrey Phillips India on Monday announced the appointment of Sharad Agarwal as its Chief Executive Officer. Agarwal (50), who succeeds Bhishma Vadhera, will report to Bina Modi, chairman and managing director of Godfrey Phillips India, the company said in a statement.

Vedanta: Vedanta Ltd. on Monday said that a committee of directors has approved the extension of up to Rs. 1,000 crore through non-convertible debentures (NCDs) on private placement basis.