Stocks to watch: IT shares, Asian Paints, Bharti Airtel, Parle and more on Dec 20

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Bharti Airtel: The telecom firm has completed the prepayment of all its spectrum dues from 2016, totaling ₹3,626 crore. This prepayment helps Airtel eliminate an interest burden of more than 8.65%. In total, Airtel has prepaid ₹28,320 crore of spectrum liabilities this calendar year.

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Asian Paints: The Paint Major’s Board of Directors approved the appointment of Ashish Rae, currently Associate Vice President - Project Sales as Associate Vice President - Retail Sales, Marketing & Commercial and as a Senior Management Personnel of the Company with effect from January 2, 2025. Further, Gagandeep Singh Kalsi, Associate Vice President - Strategy, Business Development, a Senior Management Personnel, will also handle Décor and Services with effect from December 23, 2024. The brief profile of Ashish Rae and Gagandeep Singh Kalsi is enclosed.

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Axis Bank: The lender is introducing changes to its credit card fees, effective December 20, 2024. Customers have started receiving notifications regarding these updates, which include a new redemption fee, revised interest rates, and additional transaction charges. These changes will impact both Axis Bank and Citi-migrated credit cards.

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Hyundai Motor India: The automobile company's board has approved and recommended the reappointment of Unsoo Kim as Managing Director for a period of three consecutive years with effect from January 25, 2025.

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Parle Industries: The leading FMCG company, is set to roll out price hikes of at least 5% across its product portfolio from January. This increase will apply to a wide range of items, including bread, biscuits, rusk, cake products, and snacks.

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IT stocks (Infosys, TCS, HCL Tech & more): Accenture on December 19 forecast annual revenue growth below Wall Street estimates on Thursday, hurt by weak enterprise spending on IT services. The company expects annual revenue to grow between 4% and 7%, compared with analysts' expectations of 5.63%, according to data compiled by LSEG. It had earlier forecast growth of between 3% and 6%.