Stocks: GIFT The Nifty on the NSE IX closed 27.5 points, or 0.14 percent, higher at 19,857.5, indicating that Dalal Street got off to a good start on Wednesday. Here’s a list of stocks that will be in the spotlight today for various reasons.
Titan Company
Titan’s acquisition of an additional 27.18% share in CaratLane Trading has been authorized by the Competition Commission of India. Titan will buy the shares from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti.
TCS
The US Supreme Court denied the company’s motion to review the orders of the US Court of Appeals in the Epic Systems Corporation case. It upheld the District Court of Wisconsin’s punitive damages verdict of $140 million. As a result, the business plans to record a balance provision of approximately $125 million as an extraordinary item in its financial statements for the third quarter and the nine months ending December 2023.
Reliance Industries
Mukesh Ambani, chairman and managing director of Reliance Industries, stated at the Bengal Global Business Summit that the business intends to invest 20,000 crore in West Bengal over the next three years. It also intends to construct a compressed biogas plant in the state.
Airtel
The Indian National Space Promotion and Authorization Centre (IN-SPACe) has given the low earth orbit (LEO) satellite company OneWeb, sponsored by Bharti, the regulatory clearances it needs to begin offering commercial broadband services in India.
Adani Enterprises
Through a deal with Elbit Systems, Israel, Adani Defence Systems and Technologies would acquire a 44% share in Atharva Advanced Systems.
Bank of Baroda
The Life Insurance Corporation of India now owns more than 5% of the public bank. By purchasing 24.39 lakh bank shares, LIC increased its overall ownership position from 4.984% to 5.031%.
BPCL
The company’s board meeting on November 29 will discuss an interim dividend.
Maruti Suzuki India
According to the major in automobiles, the board of directors will convene on November 24 to discuss giving Suzuki Motor Corporation preference over 1,23,22,514 equity shares of the business.
Wipro
The business and Nvidia established a partnership to provide AI-driven strategies, products, and services that would enable healthcare organizations to embrace generative artificial intelligence more quickly.
