Tata Consultancy Services (TCS) has been named a leader in Everest Group-PEAK Matrix® for IoT services for the second consecutive year. In addition to this, it was also named a star performer for top quartile year-on-year improvement in its scores.

Larsen and Toubro Infotech has introduced LTI SafeRadius, a general data protection regulation (GDPR)-compliant return-to-work app to ensure workforce well-being as well as to enhance operational efficiency as employees return to work in a phased manner across industries.

Wipro Limited made an announcement today about the launch of its Digital Inspection Solution for enhanced workplace safety and experience. The solution is powered by IBM's integrated workplace management system (IWMS) IBM® TRIRIGA® and complements Wipro's present EngineeringNXT portfolio in the digital transformation of business operations.

Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, have informed the bourses of an investment of Rs 1,894.50 crore by L Catterton, giving it a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis.

Market indices such as Nifty and Sensex have been used as a barometer to measure the overall market performance in India for years now. But as we have witnessed from our own experiences, not only are the markets dynamic but so are the indices used to measure them. The sectors driving the market keep changing over different time periods. Different sectors perform differently in varying market conditions, thereby resulting in erratic stock performances. This also causes continuous changes in the weightage of various sectors in indices like Nifty that are free-float market capitalisation indices.

On June 09, 2020, Cipla Limited signed agreements to acquire shares signifying a stake of 21.85 per cent in GoApptiv Private Limited on a fully diluted basis.

Affle Limited informed the bourses about the signing of definitive contracts to acquire full control of Appnext, Singapore as well as 100 per cent IP of Appnext app discovery and recommendation platform. This process will be conducted step-by-step wherein the company will first acquire one-third equity ownership in Appnext and eventually, upon attainment of mutually agreed growth targets, will acquire 100 per cent equity ownership.

With an aim to provide Wipro customers with a smooth and secure hybrid cloud journey, Wipro Limited and IBM have joined forces. As part of this partnership, Wipro will develop hybrid cloud offerings to help businesses migrate, manage and transform mission-critical workloads and applications, with security across public or private cloud and on-premises IT environments.

Although the market risk could be assumed to be the same for all the stocks, the stocks themselves exhibit varying idiosyncratic risk. This results in deviations in the stock price behaviour from the majority stocks universe. Presently in the market, two such contrasting stocks are Reliance Industries and Vedanta Limited which help to exhibit this phenomenon.

Reliance Industries has made an announcement today of yet another investment it has received in its Jio platforms. Mubadala Investment Company, an Abu Dhabi-based sovereign investor, is set to invest Rs 9,093.60 crore in the company which will reflect a 1.85 per cent equity stake in Jio Platforms on a fully diluted basis.