Stocks in News: NTPC, LTIMindtree, TCS and Others

LTIMindtree

 

The technology consulting and digital solutions company launched an enterprise-ready generative AI platform, Canvas.ai, designed to hasten the concept-to-value journey for companies using mindful AI principles. Owing to the platform, clients can now responsibly build, manage, and use generative AI solutions.

Zee Entertainment

 

Indian media conglomerate Zee Entertainment has reached a settlement with markets regulator SEBI and paid Rs 7 lakh for an alleged violation of the insider trading norm in 2019.

NTPC

 

The nation’s largest power generation company said that its board members will conduct a meeting on June 24 in order to consider the issue of non-convertible debentures worth up to Rs 12,000 crore. This is subject to shareholder approval at the upcoming annual general meeting.

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Tata Consultancy Services

 

UK’s largest workplace pension scheme Nest and TCS expanded their time-honoured partnership in order to provide enhanced member experience by concentrating on digitally transforming Nest’s scheme administration services. TCS’ digital-first platform powered by BaNCSTM will aid in transforming scheme administration and provide a personalised experience. 840 million pounds were agreed upon for the contract’s initial 10-year term. If the contract is kept in place for the full 18-year term, its maximum estimated value will be 1.5 billion pounds.

HDFC Asset Management Company

 

SBI Mutual Fund has increased its shareholding in the asset management company by acquiring a 3.96%  stake through open market transactions on June 20. SBI has raised its shareholding to 6.9% which was 2.9% earlier.  While promoter entity Abdrn Investment Management was offloading its HDFC AMC shares, SBI Mutual Funds was one of the buyers.

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