The benchmark indices had risen more than 5% the previous session, mirroring upbeat global indications, and the market continued to go north for a third straight session. Every sectoral index finished in the green. For the first time since August 18, the BSE Sensex ended above 60,000, climbing 322 points to 60,115, while the Nifty50 gained 103 points to 17,936.
Stocks in News
Tata Consultancy Services
Tata Consultancy Services has been chosen by C&S Wholesale Grocers, Inc., a market leader in supply chain solutions and wholesale grocery supply in the United States, to create its new operations platform on Google Cloud. By doing this, C&S will lessen its carbon footprint and improve the customer experience.
Gujarat Apollo Industries
A joint venture partnership between the business and PFH BV, situated in Belgium, has been established. They will start selling agriculture and farming equipment and their parts.
HDFC Life Insurance company
Through a block deal, Abrdn Plc is most likely to sell 4.3 crore shares, or 2% of the stock in HDFC Life. According to sources cited by CNBC-TV18, Standard Life was the previous name of Abrdn. Abrdn currently owns 3.72 percent of HDFC Life and has the ability to raise up to $313 million through the sale of shares.
Krishna Institute of Medical Sciences
A 51 percent equity share in Spanv Medisearch Lifesciences was bought by the business (Kingsway Hospitals).
For the purpose of launching a jointly branded house buyer ecosystem, the private lender established a partnership with real estate platform Square Yards. The “Open Doors” platform will make sure that for customers, the entire process of looking for and purchasing their own dream home is hassle-free, effective, and enjoyable.
The steel manufacturer revealed that crude steel production increased by 22% to 16.76 lakh tonnes in August of this year. In the same month last year, the privately owned steel giant produced 13.77 lakh tonnes.
Ujjivan Small Finance Bank
Prior to merging with its parent business, the private lender announced its QIP with a floor price of Rs 21.93 per share in order to comply with regulatory requirements. In order to comply with regulatory regulations, the lender announced in February of this year that it would raise up to Rs 600 crore by issuing shares to qualified institutional purchasers.
Happiest Minds Technologies
In order to increase its capacity in the National Capital Region to 450 seats, the IT solutions provider announced the expansion of its Noida campus (NCR). The unveiling comes after Happiest Minds’ acquisition of a 1,600-seat building in Bengaluru in July of this year, which was announced as their new office location.
The domestic rating agency Icra has reportedly removed a negative outlook from the private sector lender’s rating, while maintaining an overall rating of AA-. Icra has changed the lender’s revised outlook from “rating watch with developing implications” to “stable.”