Infosys: The IT major has announced partnership with Microsoft to jointly develop industry-leading solutions. These solutions will leverage Infosys’ Topaz and the American tech giant’s Azure OpenAI Service and Azure Cognitive Services.
Infosys shares ended 0.93 per cent lower at Rs 1,460.50 apiece on the NSE yesterday.
Vedanta: Moody’s Investors Service on September 26 downgraded Vedanta Resources Limited’s (VRL) corporate family rating (CFR) from Caa1 to Caa2. The rating agency also downgraded the rating on senior unsecured bonds issued by VRL, as well as those issued by VRL’s wholly-owned subsidiary, Vedanta Resources Finance II Plc, and guaranteed by VRL from Caa2 to Caa3.
Vedanta shares ended 0.24 per cent lower at Rs 224.00 apiece on the NSE yesterday.
Blue Star: As part of its qualified institutional placement (QIP) initative, the air conditioners manufacturing company, has acquired 4.9 crore equity shares of subsidiary Blue Star Climatech for Rs 49 crore via subscribing to its rights issue. This investment will help the subsidiary repay certain outstanding borrowings and finance its expansion plans.
