Reliance Industries, Tata Motors, Infosys, Wipro and other hot stocks on October 13

Oct 13, 2021

By: Rounak Jain

Reliance Industries

Invested $29 million in Germany-based NexWafe, which makes high-efficiency monocrystalline silicon wafers, used in the production of semiconductors.

Credit: BCCL

Contd...

Partnered with Stiesdal, a Dutch company, to develop and manufacture hydrogen electrolysers, with a target of offering hydrogen energy at $1 per kilogram in a decade’s time.

Credit: Reliance-Industries

Tata Motors

Incorporated a new passenger electric vehicle subsidiary TML EV Co., and entered into an agreement with TPG Rise Climate to infuse $1 billion in the company, valuing it at $9.1 billion.

Credit: Tata-Motors

Contd...

TML EV Co., will own and develop all future electric vehicles under the Tata Motors’ brand. It will invest up to $2 billion over the next 5 years for creating an EV ecosystem, including products, platforms, drivetrains, charging infrastructure and more.

Credit: Tata-Motors

Infosys

The information technology (IT) services giant will declare its September quarter results today.

Credit: Infosys

Earnings today

Infosys, Wipro, Mindtree, Aditya Birla Money, SDC Techmedia, Advik Laboratories, among others.

Credit: Pixabay

Vodafone Idea

Promoters Vodafone Plc., and Aditya Birla Group are reportedly considering investing up to $400 million in the telco.

Credit: BCCL

Kotak Mahindra Bank, IndusInd Bank

The Reserve Bank of India has authorised these two banks to collect direct and indirect taxes. Customers of these two banks will be able to pay these taxes via the bank’s portals and apps.

Credit: Unsplash

Power Grid Corporation

Board has approved an investment proposal to set up an electric vehicle charging station in Navi Mumbai at an estimated cost of ₹14 crore.

Credit: BCCL

Zen Technologies

The drone maker will consider a fundraising plan on October 16.

Credit: Unsplash

Sanjiv Goenka makes a billion dollar comeback to the world's biggest T20 stage