Stocks in the news: TCS, Axis Bank, JSW Steel, HDFC Life and Tata Consumer

Tata Consultancy Services: The IT major has been selected by C&S Wholesale Grocers Inc, an industry leader in supply chain solutions and wholesale grocery supply in the United States to build its new operations platform on Google Cloud. This will help C&S reduce its carbon footprint and enhance customer experience.

Axis Bank: The private lender announced a tie-up with real estate platform Square Yards to launch a co-branded home buyer ecosystem. The ‘Open Doors’ platform will ensure that the complete journey from searching to buying one’s own dream home becomes a hassle-free, efficient and delightful experience for customers.

JSW Steel: The steel producer reported a 22 per cent jump in crude steel production in August this year to 16.76 lakh tonne. The private steel major had produced 13.77 lakh tonne in the year-ago month.

Tata Consumer Products: The Tata Groups’ FMCG major said it has entered the health supplements segment with the launch of a plant-based protein powder. Tata GoFit, a health supplement range for women, is a plant-based easy-to-mix product formulated with the goodness of gut-friendly probiotics.

HDFC Life Insurance Company: UK-based investment company Abrdn is planning to sell up to 4.3 crore sales or 2 per cent of private insurance player outstanding shares through a block deal to raise over Rs 2,425 crore. The shares are offered in the price band of Rs 564.1 to Rs 578.55, which is a discount of up to 2.5 per cent on the scrip’s close on Monday in the block deal.

RBL Bank: The private sector lender said domestic rating agency has removed an adverse outlook on its rating, while affirming the overall ratings at AA-. The lender’s revised outlook has been put at “stable” by Icra as against the earlier “rating watch with developing implications.”

Technologies: The IT solutions company announced the expansion of Noida campus to take its capacity to 450 seats in the National Capital Region (NCR). The launch follows the announcement of Happiest Minds’ new office space acquisition of a 1,600-seater property in Bengaluru in July this year.

Ujjivan Small Finance Bank: The private lender launched its QIP with a floor price of Rs 21.93 per share to meet the regulatory requirement ahead of merger with its parent company. In February this year, the lender had informed raising of up to Rs 600 crore by issuing shares to qualified institutional buyers in order to meet the regulatory requirements.

Krishna Institute of Medical Sciences: The medical and healthcare services company acquired a 51 percent equity stake in Spanv Medisearch Lifesciences (Kingsway Hospitals).

LIC Housing Finance: The mortgage lender said Ashwani Ghai has taken charge as its chief operating officer. Ghai was earlier working as the executive director for strategy at the parent LIC of India.

Gujarat Apollo Industries: The engineers and construction company has entered into a joint venture agreement with Belgium-based PFH BV. They will enter into the business of agricultural and farming machinery and components.

Future Enterprises: The lenders of cash strapped Future Group firm have appointed an auditor for conducting a forensic audit of the debt-ridden firm. However, the filing did not mention the period for which the forensic audit would be conducted.


Kshitij Polyline: The board of plastic files and folder player is looking to enter e-commerce space and increase its product range which will be useful for various institutions.