Stocks to Watch: RIL, Tata Steel, Maruti Suzuki, Motherson, TVS Motors

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Reliance Industries: Reliance Industries Ltd (RIL) is joining hands with Brookfield Infrastructure Partners Lp and Digital Realty Trust Inc. in a three-way venture for setting up special purpose vehicles (SPVs) aimed at developing data centres in India. RIL will hold a 33.33% stake in the SPVs, a joint statement by the three partners said.

RIL will join a previously announced joint venture between Digital Realty and Brookfield Infrastructure, holding an equal stake in the partnership, the statement said on Monday. Digital Realty is a cloud and data centre solutions provider. Tata Steel: Tata Steel reported consolidated revenues of ₹59,490 crores for the quarter, with an EBITDA of ₹6,122 crores and an EBITDA margin of 10%.

The Profit after Tax stood at ₹525 crores, impacted by non-cash deferred tax charge related to the buy-in transaction at British Steel Pension Scheme, successfully derisking Tata Steel UK. During the quarter, the company invested ₹4,089 crores in capital expenditure, focusing on projects like the 5 MTPA expansion at Kalinganagar and the 0.75 MTPA EAF mill in Punjab. Maruti Suzuki: Country's largest carmaker Maruti Suzuki India (MSI) on Monday said it is recalling 87,599 units of S-Presso and Eeco models to check and replace faulty steering tie rods.

Maruti Suzuki India has announced to recall of 87,599 vehicles (S-Presso and Eeco) manufactured between 05 July 2021 and 15 February 2023. "Affected vehicle owners will be receiving communication from Maruti Suzuki authorized dealer workshops for inspection and replacement of the faulty part, free of cost," the company said in an exchange filing. Samvardhana Motherson: In its second international acquisition this month, auto parts maker Samwardhana Motherson