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5 min read | Updated on September 03, 2025, 08:33 IST
SUMMARY
Stocks to Watch: Tata Consultancy Services (TCS) has expanded its strategic partnership with Tryg, a leading Scandinavian non-life insurance company that operates in Denmark, Sweden, and Norway.
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The GIFT NIFTY futures suggest that the NIFTY50 index will open 51 points lower. | Image: Shutterstock
As part of the seven-year €550M agreement, TCS will partner with Tryg to simplify and standardise operations across its three major markets and drive technological transformation to accelerate the company’s growth journey.
"This significant development will provide Adani Power with enhanced raw material security, reinforcing its leadership position in the sector," the company said in its press release.
The project comprises the extension of the runway along with the re-carpeting and strengthening of the existing runway and allied works for a quoted amount of ₹297 crore, exclusive of GST.
Entry into the African market will mark the first-ever overseas expansion of Indus Towers.
"The Board of Directors, at a meeting held earlier in the day, reviewed and deliberated on strategic opportunities to expand the company's footprint across select international markets," the company said in a statement.
The company has received approval to foray into African markets, beginning with Nigeria, Uganda, and Zambia, as these markets offer attractive prospects for revenue diversification, operational scalability, and long-term value creation, the statement said.
The acquisition brings together the power of TBO’s first-class technology platform and worldwide inventory with Classic Vacation’s vast network of luxury travel advisors and suppliers.
Classic Vacations delivered a revenue of $111 million and an operating EBITDA of $11.2 million in the fiscal year ended December 31, 2024.
SMBC is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG). It is among the leading foreign banks in India, and SMFG's wholly owned subsidiary, SMFG India Credit Company, is among the largest diversified NBFCs in India.
"The proposed combination relates to the acquisition of share capital and voting rights of Yes Bank by Sumitomo Mitsui Banking Corporation (SMBC)," the Competition Commission of India (CCI) said in a release.
This is because leading food company Britannia on Tuesday said a possible reduction of tax on food products under the proposed GST reforms could help increase consumption in the coming quarters and that the company will extend benefits to consumers.
Kotson’s Private Limited, established in 1978, is in the business of designing, manufacturing and supplying advanced transformer solutions, a regulatory filing stated.
Under this arrangement, DCM Shriram Chemicals will supply chlorine from its chlor-alkali plant to AIL's upcoming downstream chemicals facility at Jhagadia, Gujarat.
Both companies will establish a jacketed underground chlorine pipeline between their plants.
The company had reported a profit before exceptional items and tax of ₹8.14 crore for the April-June quarter a year ago, according to the regulatory filing from the company, which is part of the $23 billion JSW group firm.
The company has reported an overall loss of ₹1,366.41 due to exceptional items.
According to the company, pursuant to the shareholders' agreements (SHA) with the investors of Compulsory Convertible Preference Shares (CCPS), 16 crore shares have been converted.
The bank has concluded the issue of $500 million senior unsecured fixed-rate notes, having a maturity of 5 years and a coupon of 4.50% payable semi-annually, SBI said in a regulatory filing.
The bond is benchmarked against the five-year US Treasury and priced at a spread of 75 bps over the benchmark.
The bonds will be issued through the bank's London branch as of September 9, 2025, and listed on the Singapore Stock Exchange and NSE-IX Exchange, GIFT City, it said.
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