Stocks in the news: Infosys, Wipro, Tata Motors, SJVN, RITES and Tata Elxsi

Stocks in the news: Infosys, Wipro, Tata Motors, SJVN, RITES and Tata Elxsi

Nifty futures on the Singapore Exchange traded 25.5 per cent points or 0.17 per cent higher at 14,626, in signs that Dalal Street was headed for a positive start on Wednesday.

Q3 results: Infosys, Wipro, CESC, GTPL Hathway, Amtek Auto and 5paisa Capital are some of the companies will would announce their quarter results on Wednesday.

Tata Elxsi: The company said its net profit has increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter.

Tata Motors: The company reported a 1 per cent rise in global wholesales, including Jaguar Land Rover, to 2,78,915 units in the third quarter of the current fiscal.

TechM: IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore).

SJVN: State-owned power producer SJVN said its board has approved a proposal to raise up to Rs 2,000 crore via bonds or debentures.

RITES: RITES said it has won a Rs 68 crore contract from National High-Speed Rail Corporation (NHSRCL). The contract relates to 487-km Mumbai-Ahemadabad High-Speed Rail Corridor.

Power Finance Corporation: The nation’s biggest lender to the power sector, will raise Rs 10,000 crore through bonds in two tranches. The first tranche of Rs 5,000 crore will open for subscription on January 15 and close on January 29, according to the company’s prospectus.

TCS: T major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE’s stake in Tata Consultancy Services Saudi Arabia for $12,471 (about Rs 9.13 lakh). In September 2013, TCS announced the creation of an all-women business process services centre in Riyadh (Saudi Arabia) in partnership with GE.

SpiceJet: The company has signed an agreement with Belgium’s Brussels Airport for providing seamless transportation of COVID-19 vaccines, according to an official statement issued on Tuesday. As a part of the Memorandum of Understanding (MoU), Brussels Airport would provide assistance to SpiceJet with regards to slots, networking contracts etc. for speedy delivery of vaccines, it noted.

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