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Stocks in News: RIL, TCS, Vedanta, Lupin among others As on : 07-Sep-23  08:32

Reliance Industries (RIL): RIL said that its subsidiary Reliance Retail Ventures received the subscription amount of Rs 8,278 crore from Qatar Holding LLC (QIA) and allotted 6,86,35,010 equity shares to QIA.

Tata Consultancy Services (TCS): TCS announced that it has entered into a strategic partnership with the Digital unit of JLR to transform, simplify, and help manage its Digital estate, and build a new future-ready, strategic technology architecture that will support the latter's Reimagine strategy. As a part of the new partnership, TCS will deliver a broad range of services spanning application development & maintenance, enterprise infrastructure management, cloud migration, cybersecurity and data services.

Vedanta: A wholly owned subsidiary of the company, in the name of Sesa Iron and Steel has been incorporated on 6 September 2023 for growth projects and to undertake expansion of its operations.

Lupin: Global pharma major Lupin forged a unique collaboration with Mark Cuban Cost Plus Drug Company (Cost Plus Drugs), a pioneer in affordable medicines, and the COPD Foundation, dedicated to enhancing the lives of COPD patients. This collaboration aims to bolster access to healthcare by expanding the availability of Tiotropium Bromide Inhalation Powder, 18 mcg/capsule, to COPD patients in the US.

AU Small Finance Bank: AU Small Finance Bank has entered into bancassurance tie-up with: Star Health and Allied Insurance Company for Health Insurance solution to Bank's customers. The bank has also entered into bancassurance tie-up with Bajaj Allianz Life Insurance Company for Life Insurance solution to bank's customers.

Responsive Industries: The company announced a contract with Indian Railways for the Garib Rath initiative.

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