Stocks in Focus on Sept 8: TCS, IndiGo, Schneider Electric & More

By Malvika Gurung — Tata Consultancy Services (NS:): The telecom company Nokia (HE:) has picked the IT bellwether for redesigning the employee experience for its global workforce spread across 130 countries.

Infosys (NS:): The IT giant has entered into an agreement with Spirit AeroSystems for manufacturing aerostructures for commercial airplanes, defence platforms, and jets.

Dr. Reddy’s Laboratories (NS:)s: The drug major has launched a therapeutic equivalent generic version of Revlimid capsules, Lenalidomide Capsules in the US market, on receiving approval from the US drug regulator USFDA. 

IndiGo (NS:): The airline’s co-founder, Rakesh Gangwal and his wife Shobha Gangwal collectively hold about 23% stake in the company, and the Gangwal family will reportedly sell an up to 2.8% stake through block deals.

Yes Bank (NS:): Markets watchdog Sebi has filed a penalty of Rs 2 crore on the bank’s founder Rana Kapoor for mis-selling the lender’s AT-1 bonds to retail investors.

Duroply Industries (BO:): Ace investors Porinju Veliyath and Litty Thomas have acquired an additional stake of 2.12% and 1.58% respectively in the company, raising their shareholding to 7.01% and 4.89%.

Schneider Electric (EPA:) Infrastructure: The company’s Board of Directors has approved enhancing the production capacity of Vacuum Interrupters & Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata.

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