Market Commentary - Stock Alert
TCS, Wipro, Maruti Suzuki, Titan Company in action As on : 22-Nov-23  08:44

TCS: The United States Supreme Court on 20 November 2023 rejected the company?s petition to file an appeal against the orders passed by the US Court of Appeals, 7th Circuit, which confirmed the punitive damages award of $140 million passed by the District Court of Wisconsin. The company intends to make the balance provision of approximately $125 million in its financial statements as an exceptional item, for the third quarter and nine months ending 31 December 2023.

Wipro: Wipro announced a collaboration with NVIDIA to help healthcare companies accelerate adoption of generative artificial intelligence (gen AI) through AI-driven strategies, products, and services.

Maruti Suzuki India: A meeting of the board of directors of the company is scheduled to be held on 24th November 2023, to consider and approve allotment of 1,23,22,514 equity shares of the company to Suzuki Motor Corporation (SMC) on a preferential basis.

Titan Company: The Competition Commission of India (CCI) has approved acquisition of additional shareholding in CaratLane Trading Private (CaratLane) by Titan Company. The proposed combination relates to the acquisition by Titan of 27.18% share capital of CaratLane held by the Founder of CaratLane Trading Private Limited and his family members.

Colgate-Palmolive (India): The State Goods and Service Tax Officer, Chennai, has conducted a search at Chennai Warehouse of the Company from 16 November 2023 to 17 November 2023. The business operations of the company continued as usual.

BPCL: The meeting of the board of directors of the company is scheduled on 29 November 2023 to consider and approve declaration of interim dividend for the financial year 2023-24 and fixation of record date.

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