Stocks to Watch: RIL, TCS, Adani Enterprises, Adani Ports, Kotak Bank, SJVN

livemint.com:

Reliance Industries/TCS/Tata Communications: US chipmaker Nvidia Corp on Friday announced separate partnerships with Reliance and Tata group companies to help them develop AI-powered supercomputers, AI clouds and generative AI applications. While Reliance’s telecom and technology subsidiary Jio Platforms Ltd will build a framework for local-language deployment of generative AI, Tata Communications Ltd will build an AI cloud for its clients.

TCS will also use Nvidia’s AI computing infrastructure to develop generative AI applications for its clients. Adani Enterprises/Adani Ports: Adani Group promoter firm has increased its stake in two of the group’s listed companies as the conglomerate continues to work on the strategy to recover from the effects of the damaging reports.

The promoter group in stock exchange filings said it has increased its stake in flagship Adani Enterprises to 71.93% from 69.87%. In a separate stock exchange filing, the promoter group informed that it has also increased its stake in Adani Ports and Special Economic Zone Ltd from 63.06% to 65.23%.

Kotak Mahindra Bank: The RBI has approved the appointment of Dipak Gupta as interim managing director and chief executive officer of Kotak Mahindra Bank for a period of two months instead of four, indicating its intent to appoint a full-time chief during this period. The appointment of Gupta was necessitated by the sudden resignation of founder Uday Kotak effective 1 September.

The RBI approved Gupta’s appointment for a period of two months with effect from 2 September, Kotak Mahindra Bank said in a stock exchange filing. Rishabh Instruments/Ratnaveer Precision Engineering: As per notices, effective from Monday, September 11, 2023, the equity shares of Rishabh