Stocks to Watch, Dec 11: TCS, Meesho, Cipla, Adani Enterprises, Adani Green, IT stocks, Petronet LNG, Tata Steel, Lloyds Metals, HUL

Chair Jerome Powell signalled at a news conference that the Fed would likely hold off on further rate cuts in the coming months while it evaluated the health of the economy. And in a set of quarterly economic projections, Fed officials signalled that they expect to lower rates just once next year.

The company has launched Yurpeak (tirzepatide), a once-weekly injectable therapy for obesity and type-2 diabetes mellitus, two of the country's most pressing health challenges, the Mumbai-based drugmaker said in a regulatory filing.

The company has the rights to distribute and promote Yurpeak -- the second brand of Lilly's tirzepatide in India, after Lilly received DCGI approval, it added.

The deal will make Tata Consultancy Services (TCS) among the top five Salesforce advisory and consulting firms globally.

It also strengthens its strategic positioning to drive AI-first, agent-driven transformation, an official statement said.

The Tata group company has signed a definitive agreement to completely acquire Coastal Cloud for an all-cash consideration of $700 million.

TotalEnergies, through its affiliate, TotalEnergies Renewables Indian Ocean Ltd, offloaded more than 2.86 crore (2,86,40,138) equity shares, representing a 1.74% stake in Adani Green Energy, as per the block deal data on the National Stock Exchange (NSE).

The shares were disposed of at an average price of ₹970 apiece, taking the transaction value to ₹2,778.09 crore.

Besides, the crisis-hit domestic carrier has submitted its revised flight schedule to aviation regulator DGCA after the government slashed its winter schedule by 10 per cent following the cancellation of thousands of flights.

The airline, which has been under DGCA's intense scrutiny for disruptions in services on account of crew shortage since the beginning of this month, was directed by the Directorate General of Civil Aviation to submit the revised schedule by 5 PM on Wednesday.

With this deal, the combined entity with AkzoNobel India Ltd (ANIL) makes JSW Paints, a 5-year-old firm, the third-largest player in the decorative paint segment.

"Pursuant to the completion of the aforesaid acquisition, the acquirer (JSW Paints) now holds 27,871,723 equity shares, representing 61.2 per cent of the paid-up equity share capital of the Company," ANIL said in a regulatory filing.

The promoters of the company have been reclassified from the 'promoter and promoter group' category of the company to the 'public' category, it added.

The partnership will assess collaboration across agri-inputs, digital advisory services, and value-chain development, according to a joint statement.

The companies believe they will be the main beneficiaries of a much more dynamic economic environment in India, said Unilever Chief Executive Officer Fernando Fernandez.

Indian consumption was significantly affected over the last three years due to double-digit food inflation, said Fernandez in a JP Morgan Fireside Chat.

The loan shall be utilised towards financing the Petrochemicals Project of 750 KTPA of Propane Dehydrogenation (PDH) and 500 KTPA of Polypropylene (PP), including propane and ethane handling facilities at Dahej, Gujarat, and other capital expenditure of the company.

The bonds have a coupon rate of 7.28% per annum, BoI said in a statement.

The base issue size was ₹1,000 crore with a green shoe option of ₹1,500 crore, it said.