Latest news with #BaNCS
Business Upturn
6 hours ago
- Business
- Business Upturn
Top stocks to watch today, June 17: HCLTech, TCS, Godrej Properties, Hyundai Motor India, Mphasis and more
Indian benchmark indices started the week on a strong note despite global uncertainties and geopolitical tensions. On Monday, June 16, 2025, the BSE Sensex climbed 677.55 points (0.84%) to end at 81,796.15, while the NSE Nifty50 gained 227.90 points (0.92%) to close at 24,946.50. Today, several stocks will be in focus due to company announcements. Stocks to Watch on June 17, 2025 HCLTech: The IT services firm has secured a multi-year deal to manage private cloud and network operations for German utility company TCS: Tata Consultancy Services will deploy its core banking solution, BaNCS, for the Council of Europe Development Bank. Godrej Properties: The company has acquired a 16-acre land parcel in Pune's Upper Kharadi area. The estimated development potential from the project is approximately ₹3,100 crore. Biocon: The biopharma company has launched a Qualified Institutional Placement (QIP) with an aim to raise up to ₹4,500 crore. The indicative floor price is set at ₹323.2 per share. DLF: Credit rating agency ICRA has upgraded DLF Cyber City Developers Ltd's long-term rating to AAA. The outlook has been revised from positive to stable. Zee Entertainment: The company plans to raise up to ₹2,237 crore through the issuance of warrants to promoter entities at ₹132 per share. Sona BLW Precision Forgings: The board has reaffirmed its confidence in CEO Vivek Vikram Singh, who will continue to lead business operations. A new chairperson will be appointed soon. Hyundai Motor India: The company has commenced engine production at its Talegaon manufacturing facility in Maharashtra. Mastek: The digital engineering firm has won a contract to provide cybersecurity training to the NHS Board and Senior Information Risk Owners (SIRO) in the UK. Mphasis: The company has partnered with AI underwriting firm Sixfold to support digital transformation in the insurance sector. Tanla Platforms: The board has approved a buyback of up to 20 lakh shares worth ₹175 crore at a maximum price of ₹875 per share. Axiscades Technologies: The company has entered into a joint development agreement with Europe-based Indra for defense product innovation. Asian Paints: Reliance has offloaded 85 lakh shares of Asian Paints to ICICI Prudential at ₹2,207 per share through a block deal conducted on June 12. Vodafone Idea (VMM): Promoters are reportedly preparing to sell shares worth ₹9,900 crore via block deals. The floor price is expected to be at a 12% discount to the current market price. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
India Today
6 hours ago
- Business
- India Today
Stocks to watch on June 17: TCS, HCLTech, Zee, Biocon, Hyundai, ICICI Bank, NTPC
Even as tensions in the Middle East continue between Israel and Iran, the stock market saw gains on Monday, supported by strong performance in large-cap seemed focused on long-term growth despite the uncertain global environment. On Tuesday, several stocks will be in focus due to company announcements and other key include Tata Consultancy Services (TCS), HCL Technologies, Zee Entertainment, Biocon, Hyundai Motor India, ICICI Bank, NTPC, Vishal Mega Mart and Bata India on Sensex and Nifty. HCL TECHNOLOGIESHCLTech has entered into a strategic multi-year partnership with a large energy company based in Europe. The deal will see HCLTech building a new private cloud for and managing cloud and network services across its global operations. This move is expected to help handle its IT needs more efficiently and support its digital CONSULTANCY SERVICES (TCS)TCS has joined hands with the Council of Europe Development Bank (CEB) to improve the bank's operational systems. As part of this partnership, TCS will bring in its BaNCS platform for Reconciliations. This technology will use artificial intelligence to simplify and automate the bank's transaction matching and data checking BANKThe Reserve Bank of India has approved the reappointment of Sandeep Batra as Executive Director of ICICI Bank for another two years. His new term will begin on December 23, 2025. The reappointment is subject to approval from the bank's MEGA MARTPromoter firm Samayat Services is set to sell up to Rs 9,896 crore worth of shares in Vishal Mega Mart through block deals, according to a report by CNBC-TV18. The size of the sale has increased from an earlier plan of Rs 5,057 crore. The floor price for the share sale has been fixed at Rs 110 per has launched its qualified institutions placement (QIP) process to raise funds. The floor price for the issue is set at Rs 340.20 per share. As per reports, the company plans to raise around Rs 4,500 crore through this QIP. The money is likely to be used to support business growth and reduce NTPC has said it will consider raising up to Rs 18,000 crore through bonds. The decision will be taken in a meeting scheduled for June 21. The funds will be used for business needs, including project financing and working MOTOR INDIAHyundai has started production of passenger vehicle engines at its plant in Talegaon, Maharashtra. The move is part of the company's plan to expand its manufacturing base in ENTERTAINMENTThe board of Zee Entertainment has approved the issue of up to 16.95 crore fully convertible warrants to entities in the promoter group. These warrants will be issued on a preferential basis at a price of Rs 132 each, helping the company raise a total of Rs 2,237.44 crore. The funds may be used for future business needs and INDIAThe Bata Group has announced a new global CEO. Panos Mytaros will take over the top role, replacing Sandeep Kataria, who led the company since 2020. Mytaros brings global experience and is expected to lead the company through its next phase of growth. advertisement
Business Standard
14-05-2025
- Business
- Business Standard
TCS partners with Khan Bank, Mongolia
TCS to deploy its TCS' BaNCS to modernize Khan Bank's core banking platform Tata Consultancy Services (TCS) has entered into a strategic alliance with Mongolia's Khan Bank to help modernize its core digital banking platform and transform its banking operations. Leveraging the flagship TCS BaNCS Global Banking Platform (GBP), Khan Bank is set to embark on a digital transformation program to streamline processes, improve efficiency, and enhance customer experience. Khan Bank is a leading Mongolian national commercial bank with 548 branches spanning the country. It provides comprehensive banking and financial services to over 82 percent of Mongolia's total population (2.9 million customers). Khan Bank has been an existing customer for TCS' BaNCS platform for close to 25 years. Building on this long-standing partnership, the TCS BaNCS Global Banking Platform will help the Bank streamline and modernize several critical business functions, including the Customer Information File (CIF), trade finance, treasury, international payments, and loans and deposits. The TCS BaNCS product suite will be deployed across Khan Bank's operations including a consolidated treasury management platform supporting the wide range of asset classes offered by the bank, alongside real-time monitoring, risk exposure analysis, and advanced reporting capabilities. TCS BaNCS, an innovative and adaptive digital-first core banking solution, which has proven to support several leading global banks, will help Khan Bank enhance its digital portfolio, reduce time to market, and streamline operations. The solution will help accelerate time-to-market for new products and services allowing Khan Bank to fast-track response to customer demands and roll out new innovative offerings. TCS will help the bank in scaling its digital banking operations, in turn ensuring that the bank's services seamlessly reach a wider customer base contributing to its pure digital bank strategy.
