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Zomato, TCS, Wipro and other stocks are in the news today | Rare Techy


NEW DELHI: Trends in the SGX Nifty showed a positive opening for the broader index in India with a gain of 45 points. The BSE Sensex rose 418 points to 63,100, while the Nifty50 jumped 140 points to 18,758 on Wednesday.
Wall Street was higher on Wednesday after Federal Reserve Chairman Jerome Powell said the central bank could cut the rate of interest rate hikes again as soon as December. The S&P 500 rose 3.09% to end the session at 4,079.97 points. The Nasdaq gained 4.41% to 11,468.00 points, while the Dow Jones Industrial Average rose 2.18% to 34,589.24 points.
Stocks in Asia-Pacific traded higher, bringing in the optimism behind Wall Street’s rally.
Japan’s Nikkei 225 rose 1.13% while the Topix rose 0.25%. In South Korea, the Kospi rose 0.77% and the S&P/ASX 200 in Australia rose 0.82%.
Stocks in the news
Tata Consultancy Services: IT major Tata Consultancy Services has secured a deal from Rail Delivery Group to design, develop, implement and operate the UK Rail Data Marketplace. The contract between TCS and RDG (Rail Data Marketplace) is for a period of six years with the possibility of extension.
Indian Energy Exchange: The Indian Energy Exchange (IEX) is all set to seek shareholders’ approval through postal ballot to buy back shares worth up to Rs 98 crore. In a meeting on November 25, the board of directors approved a cash offer to buy back equity shares of face value Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount of up to Rs 98 crore.
Wipro: The IT services company has been launched Wipro Data Intelligence Suite runs on Amazon Web Services (AWS). The suite offers a reliable and secure means of migrating from existing platforms and fragmented legacy systems to the cloud.
Zomato: Alipay Singapore, the arm of Chinese e-commerce giant Alibaba, sold 26,28,73,507 shares or 3.07 percent stake in the online food delivery aggregator at an average price of Rs 62.06 each for Rs 1,631.39 crore through the transaction open market. Camas Investments, its wholly owned subsidiary holds 9.80 crore shares of the company.
Adani Power: The timeline for completion of the Rs 7,017-crore deal to acquire DB Power’s thermal power assets has been extended by one month to December 31, 2022. Earlier the company had extended the timeline for completion by one month to November 30. , 2022.
Reliance Capital: The Committee of Creditors (CoC) of Anil Ambani’s debt-laden company did not support all the binding offers received from bidders. According to the source, the lenders are of the opinion that the bid value offered by the bidder is too low.
Apollo Hospitals Enterprises: The hospital chain operator has received board approval to raise funds of up to Rs 105 crore via non-convertible debentures (NCDs). The company will issue 1,050 NCDs with a face value of Rs 10 lakh each.


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