Stocks to watch: Infosys, Wipro, Vedanta

Infosys: Infosys Finacle announced that the Finacle Digital Banking Solution Suite for Financial Services will be available on Red Hat OpenShift and IBM Cloud. The tie-up will help banks drive business transformation, become more agile and fuel their growth with an on-demand portfolio of products and services.

Wipro: Wipro Limited has partnered with TEOCO to develop solutions that help communication service providers improve network automation, flexibility, efficiency and reliability. Together, Wipro and TOCO will provide CSPs with comprehensive solutions to plan, analyze, optimize and monitor next generation networks.

Vodafone Idea: Aditya Birla Group chairman Kumar Mangalam Birla is close to investing at least $150 million in Vodafone Idea Ltd in his personal capacity, two people aware of the matter said, to keep the group’s cash-strapped telecom business afloat. as an immediate remedy. Furthermore, in line with the ongoing 5G trials in India, Vodafone Idea and Ericsson have together demonstrated the power of 5G to transform the healthcare sector in India.

Vedanta: Vedanta Ltd on Tuesday said the board of its indirect wholly owned arm Sesa Mining Corp Ltd (SMCL) has approved the acquisition of Desai Cement Company Pvt Ltd. The acquisition will enhance the group’s portfolio with Cement and help develop additional synergies through vertical integration.

BEL: The Defense Acquisition Council headed by Union Defense Minister Rajnath Singh on Tuesday approved the proposals of ₹Rs 7,695 crore for modernization of armed forces under ‘Make in India’. Under the approvals, Lynx U2 Fire Control System will be acquired from Bharat Electronics Limited (BEL). This will enhance the possibilities of detection, tracking and engagement of naval warships.

SpiceJet: Crisil Ratings has withdrawn its ‘CRISIL D’ credit rating for SpiceJet Ltd, the international rating agency said in a press release, stating that the airline has not provided it with sufficient information to conduct a rating review.

SWSL: Sterling & Wilson Solar Limited (SWSL) on Tuesday said it has received shareholders’ approval for issue of equity shares on a preferential basis to Reliance New Energy Solar Limited (RNESL) at its Extraordinary General Meeting (EGM).

Tata Power: Tata Power will seek shareholders’ permission to amend a plan of arrangement to keep Tata Power Solar Systems Limited (TPSSL) as an independent entity, which will seek to merge it with itself through a postal ballot notice. Contrary to his earlier plan.

IL&FS: The National Company Law Tribunal (NCLT) has approved three proposed transactions of troubled IL&FS to sell its stake in ONGC Tripura Power to GAIL, its offshore unit IL&FS Prime Terminal FZC and Warora Chandrapur Ballarpur in United Arab Emirates (UAE). has given. Toll Road (WCBTRL).

Bharti Airtel: Telecom company has reported higher profit ₹Against 1,134 crores in Q2FY22 ₹283.5 crore in Q1FY22; its revenue increased ₹28,326.4 crore to ₹26,853.6 crore year-on-year.

BSE: BSE has signed an MoU with HDFC Bank to encourage and promote listing of Startups and SMEs across India. Through this MoU, HDFC Bank and BSE will evaluate banking and lending solutions for startups going through the listing process on the Start-up and SME platform.