Stocks in news today : 19 June 2025

and Infineon Technologies have signed a Memorandum of Understanding (MoU) to jointly develop application-ready EV solutions tailored to the Indian market. This strategic collaboration aligns with India’s rapid shift towards electrification, with EV sales growing by 25–30% year-on-year in 2024, including a 28% increase in electric two- and three-wheeler sales. The partnership strategically leverages design and integration expertise, enabling faster adoption of automotive-grade, cost-optimised, and safety-compliant subsystems across key mobility segments. Bolstering its customer-centric approach, VIDA - powered by Hero MotoCorp - is set to introduce a pioneering subscription-based Battery-as-a-Service (BaaS) model, redefining two-wheeler EV ownership and ushering in a new era of accessible, affordable electric mobility starting July 1, 2025. Along with a flexible ‘pay-as-you-go’ ownership model, this disruptive BaaS subscription solution will significantly reduce the upfront ownership cost, making electric mobility more affordable and accessible to a wider customer base. has acquired 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of India for an aggregate consideration of Rs 104.54 crore pursuant to the approval received from Reserve Bank of India on June 4, 2025. Consequent to this acquisition, JPBL has become a wholly owned subsidiary of the Company. EQUIPPP Social Impact Technologies has received approval from the Ministry of Corporate Affairs for incorporation of subsidiary Company in the name of ‘Equippp Technogen (SBU)’ on June 18, 2025. The Ministry of Corporate Affairs, has issued a Certificate of Incorporation for the same. In line with the earlier decision to build the IT business vertical in-house and hive off a Strategic Business Unit, EQUIPPP Technogen (SBU) has been incorporated.