Stocks to Watch: TCS, Maruti, Paytm, Wipro, PB Fintech, Eicher
Tata Consultancy Services: The IT services giant has launched its AWS generative AI practice to help customers harness the full potential of artificial intelligence (AI) and AWS generative AI services to transform different parts of their value chain and achieve superior business outcomes. Separately, the company faces $210 million penalty in DXC lawsuit.
Maruti Suzuki: India’s largest carmaker Maruti Suzuki India Ltd on Monday said it will raise prices beginning 1 January, setting the stage for similar hikes by rival automakers. The company attributed the move to higher commodity costs and steep inflation, but did not specify the quantum of price hike for specific models.
Wipro: The software services company has helped Stockholm Exergi AB, Stockholm's energy company, build a new information technology (IT) infrastructure, helping it take a significant step towards achieving its and Stockholm City's overall climate transformation targets, it said in an exchange filing. Eicher Motors: Has launched a new Himalayan motorbike at an introductory price of ₹2.69 lakh to 2.84 lakh, ex-showroom India, and the Royal Enfield Shotgun 650 which is available at an ex-showroom price of ₹4,25,000.
One 97 Communications: Warren Buffett’s Berkshire Hathaway has exited listed fintech company One 97 Communications (Paytm’s parent) in an open market transaction. The firm has booked a loss of ₹507 crore on its total investment in Paytm made five years ago.
HDFC Bank: The private sector lender has said that its board has appointed Harsh Kumar Bhanwala as additional independent director of the bank for three years, effective 25 January 2024. The bank's board has also appointed V Srinivasa Rangan as executive director (whole-time Director) for
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