Stocks to watch, June 29: HDFC Bank, REC, PFC, Persistent Systems, Kotak Bank, Waaree Energies, Pricol
Persistent Systems has announced the acquisition of German digital engineering firm Nagarro to expand its global AI-led engineering capabilities. Additionally, the article highlights major corporate restructuring and mergers involving Indian firms like PFC, REC, and Astral Ltd.
Why it matters
These corporate moves signal significant consolidation and strategic expansion within the Indian IT and power financing sectors.
Persistent Systems on Saturday said it will take over German digital engineering company Nagarro, a move that will create a global AI-led digital engineering powerhouse with USD 2.9 billion in revenue run-rate. The domestic equity market is expected to open lower on Monday, June 29. The GIFT NIFTY futures suggest that the NIFTY50 index will open 11 points lower.
The article provides factual reporting on corporate announcements and market expectations without editorializing.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in