Market Commentary - Stock Alert
TCS, LTIMindtree, NTPC, Delhivery to be watched As on : 22-Jun-23  08:39

Tata Consultancy Services (TCS): TCS and Nest, UK's largest workplace pension scheme, announced the expansion of their long-standing partnership to focus on digitally transforming Nest's scheme administration services, delivering enhanced member experiences and furthering the scheme's mission of delivering better retirement outcomes for people across the UK. The contract value was signed for ?840 million with an initial tenure of 10 years. The total maximum estimated value of the contract, if extended to the entirety of its eighteen-year tenure, will be ?1.5 billion.

LTIMindtree: The company launched Canvas.ai, an enterprise-ready generative AI platform designed to accelerate the concept-to-value journey for businesses using mindful AI principles. Canvas.ai guarantees up to 40-50% reduction in time and effort for app modernization and cloud migration programs.

NTPC: The meeting of the board of directors of the company is scheduled on 24 June 2023 to consider and approve issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ('Bonds/NCDs') up to Rs.12,000 crore.

Delhivery: Global private equity firm Carlyle is reportedly planning to sell a stake of 2.53% it holds in Delhivery via block deal. The deal size will be of around 1.84 crore shares, amounting to $86 billion, as per reports.

Kalpataru Projects International: The board of directors of the company has approved the issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures of Rs. 300 crore on private placement basis.

JK Tyre & Industries: India Ratings and Research (Ind-Ra) has upgraded the company's Long-Term Issuer Rating to 'IND A+' from 'IND A'. The rating outlook has also been revised to Stable from Negative.

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