Stocks to watch: Axis Bank, Yes Bank, Dish TV, Adani Enterprises, Wipro

axis Bank: Has emerged as the leader in buying Citi’s consumer business in India, beating rivals Kotak Mahindra Bank And indusind bank, Axis and Citi have signed an exclusivity agreement to hold bilateral talks as the Wall Street bank has already informed others of its decision.

Yes Bank: a promoter group unit of Dish TV India Limited A fresh suit was filed before the Bombay High Court on Monday against its largest shareholder Yes Bank Ltd, questioning the legal validity of bank-owned shares in the satellite-TV provider.

Adani Enterprises: Received Letter of Award (LOA) from Uttar Pradesh Expressway Industrial Development Authority for three Greenfield Ganga Expressway projects. project cost is over 17,000 crore and is India’s largest expressway project awarded to a private company under Public-Private Partnership (PPP) framework.

telcoThe Department of Telecom has asked the Finance Ministry to consider refunding the input tax credit deposited by telecom companies under the Goods and Services Tax regime. Though GST rules allow companies to claim refunds for taxes paid on inputs, telecom infrastructure is specifically excluded.

Wipro: It will acquire Austin, Texas-headquartered Edgil for $230 million, a move that will bolster the IT major’s game in the cybersecurity services space. Edgil’s experienced cyber security and risk management professionals will allow Wipro to enhance its cyber security and risk consulting capabilities for the benefit of its clients.

VedantaNatural resources conglomerate Vedanta has acquired Nicomet, a leading nickel and cobalt producer in Goa, for an undisclosed amount. With the acquisition, Vedanta became India’s only producer of nickel. The move is a step in the company’s mission towards making India self-reliant in critical minerals.

Eicher MotorsBullet motorcycle maker Royal Enfield has recalled 26,300 units of its most popular motorcycle, the Classic 350, as a “precautionary measure” due to a possible brake problem. The case pertains to a J1A motorcycle manufactured between 1 September 2021 and 5 December 2021.

Escorts Limited: Shareholders of the agricultural machinery and construction equipment major have approved a preferential allotment of around 94 million shares to Japan’s Kubota Corporation, which is seeking majority control of the Indian partner and become a joint promoter.

CCL ProductsThe Ontario Pension Board on Monday sold 694,026 shares of coffee producer CCL Products to IMCO Emerging Markets Public Equity. 399.20 each.

RailTel Corporation: The company has received work order from Defense Research & Development Organization for expansion and augmentation of CIAG network capacity at a total cost. 68.31 crores. The entire work is to be completed in a period of seven months.