Jio Financial Services: Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, will be dropped from Nifty50, other indices, on September 7, the stock exchange NSE said on Tuesday. Shares of JFSL got listed on the stock exchanges on August 21 due to its spin-off from parent Reliance Industries. During the AGM, RIL announced that JFNSL will enter the insurance segment to offer life, general and health insurance products.
Tata Consultancy Services: Indian technology major Tata Consultancy Services on Tuesday said it has entered a multi-year partnership with agriculture and bio-energy company Lantmännen Ekonomisk Förening (Lantmännen) to transform its IT infrastructure. TCS on Tuesday said they will harmonise Lantmännen's digital workplace to support hybrid working for all users, and transform Lantmännen's global service desk to deliver 24x7 multi-lingual support. Vedanta: Vedanta Resources Ltd (Vedanta) on Tuesday said it will restart copper operations in Zambia after a government decision in favour of the company.
In a statement, the metal and mining giant said: "The ownership and management of Konkola Copper Mines (KCM) has been returned to the company following a historic decision by the Government of the Republic of Zambia". KCM is a world-class asset having reserves of 16 million tonnes of contained copper. It has a copper grade of 2.3 per cent, the company said.
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