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Top 10 Company Updates -3rd November 2021




Here are the Top 10 Company Updates, one should make note of : 

Infosys

Infosys Finacle Digital Banking Solutions will soon be available on Red Hat OpenShift and IBM Cloud for finance related solutions.

This collaboration is said to facilitate the banks scale business transformation, become more agile and growth push with said on demand portfolio of services and products.

Wipro

Wipro has partnered up with TEOCO to develop said solutions to help communication service providers improve network automation, flexibility, efficiency and reliability. Together Wipro and TEOCO will provide CSPs with comprehensive solutions to plan, analyze, optimize and monitor next generation networks. 

Vodafone India

Aditya Birla Group Chairman, Kumar Mangalam Birla is close to investing around 150 Million $ in Vodafone Idea Ltd using personal resources. Also with the 5G trials going on in India, Vodafone Idea and Ericsson have partnered up to display the power of 5G to transform the healthcare sector in India.

Vedanta

Vedanta Limited this week have said the board its indirect wholly owned arm Sesa mining Corp Limited (SMCL) has approved the acquisition of Desai Cement Company Private Limited. This acquisition will enhance the group's portfolio with cement and help develop additional synergies through vertical integration.

Bharath Electronics Limited (BEL)

Union defense minister- Rajnath Singh's The Defense Acquisition Council, approved proposals worth Rupees 7,695 Crore for the complete Armed Office Modernization under the 'Make in India' campaign. Lynx U2 Fire Control System would be acquired from Bharath Electronics Limited (BEL). It will assist in detection tracking and engagement possibilities of Naval Warships.

Spicejet

Crisil has withdrawn its Crisil D rating to Spicejet limited stating that the airline giant has not provided required and adequate information to carry out rating system.

SWSL

Sterling and Wilson Solar Limited (SWSL) this week said that the concerned approval from shareholders was received to issue equity shares on a preferential basis to Reliance New Energy Solar Limited (RNESL) in its extraordinary general meeting.

Tata Power

Tata Power will seek shareholder's approval to amend scheme of arrangement to keep Tata Power Solar System (TPSSL) as an independent entity, contrary to its earlier plan to merge it with itself through a postal ballot notice.

IL&FS

The National Company Law Tribunal (NCLT) has approved the all crisis hit IL&FS three proposed transactions to divest its stake in ONGC Tripura Power to GAIL, its offshore entity IL&FS prime terminals FZC in the United Arab Emirates (UAE) and Warora Chandrapur Balarpur Toll Road (WCBTRL).

Bharati Airtel

Telecom Company has reported higher profit than estimated at Rupees 1,134 Crore in Q2FY22 against Rupees 283.5 Crore in Q1FY22. The revenue rose to Rupees 28,326.4 Crore from Rupees 26,853.6 Crore year on year.

BSE

BSE has signed MOU with HDFC Bank to encourage and promote listings of startup and SME's across India. Through this MOU, HDFC bank and BSE Shall evaluate banking and lending solutions for startups undergoing listing process on Start Ups and SME platform.


(source)



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