How Cyrus Mistry helped TCS unlock USD1 billion
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity Cyrus Mistry wanted TCS to tap into Tata Group's business. In FY14, the company made INR197.71 crore in revenue, including reimbursements, from Tata Group. By FY17, that amount had grown to INR2,400 crore. Here's how TCS worked its way deeper into Tata Group's business. Is Zomato under siege? Quick commerce may be the next telecom The aggressive expansion of Blinkit is
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India Today
2 hours ago
- India Today
Stocks to watch on June 13: Tata Group, RIL, HCL, Asian Paints, ICRA, ICICI Bank
Stock markets may remain under pressure on Friday, June 13, after a sharp fall in the previous session. The drop was mainly due to rising geopolitical tension in the Middle East and ongoing uncertainty over trade talks between the United States and news of Israel's attack on Iran has added to investor concerns and could weigh further on Dalal are the key stocks that will be in focus today:TATA GROUP STOCKSShares of several Tata Group companies such as Tata Motors, Tata Steel and Tata Chemicals are expected to remain in the comes after a tragic incident involving an Air India flight. Air India Flight AI171, which was carrying 242 people, crashed in Ahmedabad shortly after airline's parent company, Tata Group, has announced Rs 1 crore compensation for the families of those who lost their lives. They have also committed to covering full medical expenses for the injured and to help rebuild the affected medical college's infrastructure. This could have an impact on investor sentiment linked to the group's PAINTS AND RELIANCE INDUSTRIESReliance Industries has sold 3.50 crore equity shares of Asian Paints through its associate company Siddhant Commercials Limited. The shares were sold at Rs 2,201 each. After this deal, Siddhant Commercials still holds 87 lakh equity shares in Asian Paints. This large transaction could lead to some movement in both stocks power producer NTPC said that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1, has completed its trial run. The unit has now been added to NTPC's installed capacity. With this, NTPC's total standalone capacity stands at 60,926 MW, while its total group capacity is now 82,028 MW. The completion of this project is likely to improve NTPC's power generation capacity in the near GROUP COMPANIESThe Bhartia family, which promotes the Jubilant Group, is expected to sell small stakes in its listed companies. According to a report by CNBC-Awaaz, the family plans to sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through block deals. These deals may affect the stock prices of these companies during the trading BANKICICI Bank has received approval from the Reserve Bank of India for the reappointment of Rakesh Jha as Executive Director. His new term will begin on September 2 and last for two years. The confirmation of his reappointment brings clarity to the bank's BANKCanara Bank's board has approved a plan to raise up to Rs 9,500 crore through bonds in the financial year 2025–26. The fundraising will help the bank strengthen its capital position and meet future business services major HCLTech announced that it has been selected as one of the key engineering service providers by Volvo Cars. The company will work with Volvo from its Centre of Excellence in Gothenburg, as well as its global delivery centres. This partnership is likely to give a boost to HCLTech's position in the automotive engineering POWERTorrent Green Energy, a fully owned subsidiary of Torrent Power, has received a Letter of Award from the Solar Energy Corporation of India (SECI). The award is for setting up a 300 MW wind power project under Wind project must be completed within 24 months from the signing of the power purchase agreement (PPA). The expected investment in the project is about Rs 2,650 crore. This move will help Torrent Power expand its renewable energy agency ICRA has announced that it will acquire Bengaluru-based Fintellix, a company that offers risk and reporting solutions. ICRA will buy 100% of Fintellix for $26 million (in rupee equivalent), through a secondary purchase. The deal is subject to certain adjustments and terms under the Share Purchase Agreement. The acquisition is expected to support ICRA's growth in the technology-based financial services sector. advertisement
India Today
2 hours ago
- India Today
Stock market opening: Will Sensex, Nifty crash today over Israel-Iran conflict?
Stock markets are likely to open lower on Friday, June 13, as tensions rise in the Middle East after Israel launched military strikes on Iran. This development has led to nervousness in Asian markets and could drag Indian benchmarks Sensex and Nifty as of 8:20 am, Gift Nifty futures were trading at 24,629, indicating that the Nifty50 might open nearly 1% below Thursday's close of 24,888.2. This points to a weak start for the market as aviation, Adani Group, and Tata Group stocks will be in focus today. VLA Ambala, Sebi Registered Research Analyst and Co-Founder of Stock Market Today, said, 'We can expect Nifty to gain support between 24,750 and 24,670 and face resistance near 25,020 and 25,100 in the next market session.'The situation in the Middle East has affected global investor sentiment. The MSCI Asia ex-Japan index fell 0.4% early in the day, while investors rushed to safer assets like gold and the Swiss franc. Oil prices also jumped on fears that the strikes could affect supply from the region, which is known for producing large amounts of claimed that the strikes targeted Iranian nuclear sites, with the aim of stopping Iran from developing nuclear weapons. The United States said it was not involved in the attacks. The conflict has added pressure to global markets, which were already facing uncertainty due to trade talks between the U.S. and may find some relief from India's retail inflation data. The consumer price inflation fell to 2.82% in May. This is the lowest it has been in over six years and marks the fourth straight month that inflation has stayed below the Reserve Bank of India's 4% target. The latest data supports the RBI's recent decision to cut interest rates to boost stocks will be closely watched after a tragic plane crash in Ahmedabad on Thursday. An Air India flight crashed shortly after takeoff, killing nearly all 242 people on board. This is now considered the world's deadliest aviation disaster in the past ten years and the first fatal accident involving a Boeing 787 of Interglobe Aviation, which runs IndiGo, SpiceJet, and airport operator Adani Enterprises may see some pressure due to the incident. The crash also impacted global aviation stocks, with Boeing shares falling 5% in the U.S. Thursday, both the Nifty and the BSE Sensex closed about 1% lower, reflecting growing worries over international tensions and the unclear status of trade relations between the U.S. and terms of market activity, foreign investors sold Indian shares worth Rs 3,831 crore in the previous session. However, domestic institutional investors remained steady buyers, marking their 18th straight session of net The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
Hans India
4 hours ago
- Hans India
Tata announces Rs 1cr compensation
New Delhi: In the wake of the tragic Air India Flight 171 crash in Gujarat, the Tata Group has announced a compensation of Rs 1 crore each for the victims and their families. The crash, which has left the nation in mourning, has prompted an outpouring of grief and solidarity from across the country. N Chandrasekaran, Chairman of Tata Sons, expressed anguish over the incident, staying, Furthermore, the Tata Group has committed to covering the medical expenses of those injured in the crash.
