Stocks to watch, March 12: Infosys, Bharti Airtel, Kaynes Technology, IndusInd Bank, Godrej Agrovet, telecom stocks, RVNL, and more

At 7:54 AM, the GIFT NIFTY futures were trading at 22,557, up 39 points, or 0.17%. This suggests that the NIFTY50 index will open 8 points lower.

"The shareholding of 69.94%, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the company's wholly owned subsidiary (i.e., Airtel Limited), post receiving requisite regulatory and corporate approvals. The above is an internal reorganisation of shareholding in the bank and has no impact on the ownership of the bank," Bharti Airtel said in the filing.

The deal involves the acquisition of land and a building held by Darshita Southern India Happy Homes to serve as a delivery centre for TCS, according to a regulatory filing.

The filing said there would be a call option to acquire 100% equity shares in the entity after two years.

Godrej Agrovet's board decided to acquire the stake to make Creamline, which is also into manufacturing and selling milk and its products under the 'Godrej Jersey' brand, into a wholly owned subsidiary against cash, as per an exchange filing.

Besides, Shruti Shibulal, daughter of Infosys co-founder and former CEO SD Shibulal, on Tuesday bought the IT major's shares worth ₹494 crore through an open market transaction.

Apart from this purchase order, a separate 35-year service order is also a part of the long-term agreement, a company statement said.

The project is scheduled to be completed within 18 months from the date of signing of the contract, a regulatory filing said.

Besides, RVNL has emerged as the lowest bidder (L1) for a project from NHAI. The cost of the project is ₹554.64 crore.

ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL).

The decision was taken by the Board of Directors of PB Fintech Ltd. in a meeting held on Tuesday.

IndusInd Bank CEO and Managing Director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week. The final number will be known after the external agency, which the bank has appointed, finalises its report by early April.

Reliance Jio Infocomm was the frontrunner with 476.58 million broadband subscribers, followed by Bharti Airtel (289.31 million) and Vodafone Idea (126.38 million).

Reliance Jio added 3,906,123 wireless subscribers, while Bharti Airtel saw a net addition of 1,033,009 subscribers during the period. Vodafone Idea lost 1,715,975 wireless subscribers, according to the data.

BSNL and MTNL lost 316,599 and 896,988 wireless subscribers.

The changes are part of the company's 'One Team with Customers' philosophy by deepening integration with top global clients through dedicated account teams, Tata Technologies said in a statement.

Under the agreement, Supreme will have exclusive access to Orbia Wavin's leading water management technologies in India and SAARC countries, the company said in a statement.