The market extended its journey north for the third straight session as benchmark indices rose more than half a percent in the previous session and followed positive global signals. All sector indices closed green. The BSE Sensex closed above 60,000 points for the first time since August 18, rising 322 points to 60,115, while the Nifty50 rose 103 points to 17,936.
Stocks in News
Tata Consultancy Services
C&S Wholesale Grocers, Inc, a leader in supply chain solutions and food wholesalers in the United States, has selected Tata Consultancy Services to build its new operational platform on Google Cloud. This will help C&S reduce its environmental footprint and improve the customer experience.
Gujarat Apollo Industries
The company has entered into a joint venture agreement with Belgium-based PFH BV. They will be engaged in agricultural and agricultural machinery and parts.
HDFC Life Insurance Company
Abrdn Plc is likely to sell 4.3 crore shares or 2 percent shares of HDFC Life through a block deal. Abrdn was previously known as Standard Life, CNBC-TV18 reports, citing sources. Abrdn, which can raise up to $313 million through the sale of shares, currently owns 3.72 percent of HDFC Life.
Krishna Institute of Medical Sciences
The company acquired a 51 percent stake in Spanv Medisearch Lifesciences (Kingsway Hospitals).
Ash bank
The private lender announced a partnership with real estate platform Square Yards to launch a co-branded ecosystem for home buyers. The ‘Open Doors’ platform will ensure that the entire journey from the search to the purchase of their dream home becomes a hassle-free, efficient and enjoyable experience for customers.
JSW Steel
The steelmaker reported a 22 percent increase in crude steel production in August this year to 16.76 lakh tons. The private steel major had produced 13.77 lakh tons a year ago.
Ujjivan Small Finance Bank
The private lender launched its QIP at a rock bottom price of Rs 21.93 per share to comply with regulatory requirements prior to the merger with the parent company. In February this year, the lender had announced an increase of up to Rs 600 crore by issuing shares to qualified institutional buyers to meet regulatory requirements.
Happiest Minds Technologies
The IT solutions company announced the expansion of the Noida campus to bring capacity to 450 seats in the National Capital Region (NCR). The launch follows Happiest Minds’ announcement of new office space acquisition of a 1,600-seat property in Bengaluru in July this year.
RBL Bank
The private sector lender said domestic rating agency Icra has removed the negative outlook for its rating while confirming overall ratings on AA-. The lender’s revised outlook has been set to “stable” by Icra compared to the earlier “rating watch with implications in development”.
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