Stock Market Snapshot 11 June 2024

Mphasis Javelina selects HPE Greenlake cloud with HPE Alletra Storage, to Accelerate IT Transformation And Strengthen Security environment for its Healthcare Clients.

Persistent Systems announced a long-term Strategic Partnership Agreement with Google Cloud For expanded reach across the US, India, UK, and Australia.

Reliance Power becomes debt free on standalone basis; clears pending dues.

GitHub has partnered with Infosys to launch its first GitHub Center of Excellence (CoE). The collaboration aims to speed up the process of software production partnering with Global System Integrators.

PVR lnox likely is partnering with EazyDiner to offer Its customers up to a 25% discount on popcorn, Pepsi and more for payments made via EazyDiner.

Bharat Petroleum Corporation likely plans to set up A new 12 million metric tonnes per annum refinery in The country.

State Bank Of India and other public sector lenders likely are urging the government to allow them to offer incentives to bolster deposits, which have slumped, hitting credit flows.

Jubilant FoodWorks Limited – Domino’s announced The opening of its 2000th store in the country.

LTTS and the Indian Institute of Technology Hyderabad have announced a collaboration aimed At fostering industry and academia advancement in The domains of Advanced Driver Assistance Systems & Cellular Vehicle-to-Everything communication.

Tata Technologies accelerates Mitsubishi Electric lndia”s digital transformation journey.

Transformers & Rectifiers (India) Ltd launches Rs 500 crore QIP; floor price set at Rs 699.95/share.

Edelweiss Financial: Brickwork Ratings has revised The ratings assigned to the NCO program of Rs 344.81 crores of the Company to BWR A+/Rating on Watch with negative implications and to the Principal Protected Market Linked Debentures program of Rs 352.78 crores of the Company to BWR PP-MLD A+/Rating on watch with negative implications .

Firstsource Solutions: The Board has approved the appointment of Mr. Sohit Brahmawar as President & Chief Operating Officer (Senior Management Personnel) w.e.f. 10th June 2024 in place of Mr. Prashanth Nandella, President & Chief Operating Officer.

RVNL emerges as the L1 Bidder (Rs 138 crore) from Central Railway for “OHE modification work for Up- gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Amla­ Nagpur Section to meet 3000 MT loading target’.

UPL: Fitch has downgraded UPL Corporation Ltd’s (wholly owned subsidiary) Long-Term Issuer Default Rating (IDR) to ‘BB’, from ‘BB+’. The Outlook is Negative. Fitch has also downgraded UPL Corp’s senior unsecured rating and the ratings on the senior unsecured notes to ‘BB’, from ‘BB+’. The senior unsecured notes have a Recovery Rating of ‘RR4’.

Siemens-RVNL Consortium bags an order of Rs 394 crore from Bangalore Metro Rail Corporation Ltd.

Karnataka Bank has appointed Mr. Niranjan Kumar, as the Chief Human Resources Officer of the Bank with effect from 10th June 2024.

Kaya: KME Holdings Pte. Ltd., a material wholly owned material subsidiary of the Company has Divested its entire shareholding in Kaya Middle East FZE, another material wholly owned subsidiary (step-down) to Humania GCC Holding Ltd.

Raymond: Raymond Realty has been selected for The redevelopment of another residential project – MIG VI CHS Ltd situated in Bandra East, Mumbai; Revenue potential of this project is Rs 2,000 crore.

PTC Industries Ltd partners with leading entities under OTIS scheme in the Indian Defence and Aerospace sector to advance the ‘Make in India’ initiative.