These 5 large-cap stocks are in the news on September 5
Let's find out why these 5 large caps are in the news on Monday.
Bank of Baroda: The bank has raised Rs 2474 crore through Unsecured Rated Listed Basel III additional tier 1 perpetual non-convertible bonds Series XIX and allotted 7.88%, 2474 bonds having a face value of Rs 1 crore. These perpetual bonds carry no maturity date and they can be treated as equity rather than debt. Even as such bonds are not redeemable, they pay a steady flow of interest forever. At 10:25 am the share price is up by 2.59% and the scrip is trading at 134.50.
Tata Consultancy Services (TCS): The IT company and South Western Sydney Local Health District have launched Neonatal Care and Me, an app for the parents of preterm babies, designed and developed by TCS. The app has been developed by TCS Interactive, in collaboration with experienced nursing and allied health clinicians from neonatal intensive care units and special care nurseries at hospitals across South Western Sydney Local Health District. At 10:25 am the share price is up by 0.49% and the scrip is trading at 3144.90.
Wipro: The IT firm has partnered with Cisco to accelerate cloud transformation for customers. The partnership will enable Wipro customers to deploy Wipro FullStride Cloud Service to enable a fully automated hybrid-cloud stack, reducing the implementation time and enhancing the user experience. At 10:25 am the share price is down by 0.20% and the scrip is trading at 407.
NTPC: The company has received 13 bids for divesting up to a 5-10% stake in NTPC Green Energy (NGEL). The bidders include ArcelorMittal, Brookfield, and Canada Pension Plan Investment Board. The winners will be finalised by the end of the month (September). NTPC Green Energy is a wholly-owned subsidiary of state-owned power giant NTPC. The expression of interest for stake sale of 5 to 10% in NGEL was invited in June this year. At 10:25 am the share price is up by 1.73% and the scrip is trading at 164.50.
Steel Authority of India (SAIL): The steel manufacturer has supplied the entire DMR grade speciality steel for the nation’s first indigenously built Aircraft Carrier INS Vikrant. In a major feat and towards building an ‘Atmanirbhar Bharat’, SAIL has supplied about 30000 tonnes of the speciality steel for building this first swadeshi Aircraft Carrier for the Indian Navy which is commissioned on September 02, 2022, at Cochin Shipyard. At 10:25 am the share price is up by 1.58% and the scrip is trading at 80.45.
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