MUMBAI: Jet Airways on Thursday clarified that the consortium of Kalrock Capital and Murari Lal Jalan has not won the bid for the bankrupt airline. In a notification to the stock exchanges, the resolution professional of the stressed airline company said the committee of creditors has not concluded e-voting on the final resolution plans submitted by two shortlisted bidders.

Titan Co. Ltd on Thursday announced an end to its five-year-old joint venture partnership with German luxury brand Montblanc as it focusses on its primary businesses of selling gold jewellery and more affordable watches. Montblanc sells writing instruments, watches and accessories. Montblanc will now operate and expand as a wholly-owned subsidiary in the country.

Shares of Kolkata-based private sector lender Bandhan Bank rallied intraday on October 8 after single digit growth in deposits and advances for September quarter 2020. The total advances for the quarter grew by 3 percent sequentially while deposits growth was 9 percent QoQ, the bank said, adding the year-on-year increase was 20 percent and 34 percent respectively.

Infosys announced a definitive agreement to acquire Blue Acorn iCi, Adobe Platinum partner in the US, and a leader in digital customer experience, commerce and analytics. The move further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey.

Infosys Public Services, a US-based subsidiary of Infosys unveiled the Infosys Health Insights Platform (IHIP) – an automated data science platform for public health agencies developed in collaboration with Amazon Web Services (AWS), Couchbase, and Knowi. The new platform is part of the Infosys Cobalt’s growing portfolio of 14,000 cloud assets.

NEW DELHI: Around 51 stocks rose to touch their 52-week highs on NSE in Thursday 's session. Among the stocks that touched their 52-week highs were 8K Miles Software, Aarti Drugs, Bigbloc Construction, Apollo Hospitals Enterprise , GTL, HCL Technologies , Hero MotoCorp, Coforge, Hexaware Technologies, Infosys , Larsen & Toubro Infotech, TCS and Tech Mahindra.

IT-giant Tata Consultancy Services (TCS) touched a new all-time high on Thursday, after registering a stable September 2020 (Q2FY21) earning. In early openings, TCS clocked a 52-week high of Rs2875 per piece on Sensex. This would be for the second consecutive day where TCS has hit a fresh high. At around 10.15 AM, TCS stock was trading at Rs2854.70 per piece up Rs117.30 or 4.29% on Sensex.

Majesco joined the ranks of TCS on Thursday after the board of the smallcap IT firm announced share buyback of up to Rs 631 crore at a price of Rs 845 per share, almost the same price as its previous close. The company will buy 74,70,540 shares from shareholders. At the current market price, the offer size is 25 per cent of its market capitalisation.

Zee Learn Limited announced the financial results for the fourth quarter and financial year ended March 31, 2020. The standalone operating revenue of the company increased 47.68% at Rs51.51cr in Q4FY20 compared to Rs34.88cr in Q3FY20. EBITDA increases 24.15% at Rs22.66cr in Q4FY20 compared to Rs18.25cr in Q3FY20. PAT increases 29.24% at Rs16.38cr in Q4FY20 compared to Rs12.68cr in Q3FY20.

Zydus Cadila, a global innovation-driven healthcare company, said in the filing that it is launching Forglyn pMDI, India’s first pressurized Metered Dose Inhaler (pMDI) with a combination of Long-Acting Muscarinic Antagonist (LAMA) and Long-Acting Beta Agonist (LABA) for patients suffering from Chronic Obstructive Pulmonary Disease (COPD) in India. Forglyn pMDI is priced at Rs495 per pack.

Another consortium comprising Haryana-based Flight Simulation Technique Centre, Mumbai's Big Charter & Abu Dhabi’s Imperial Capital Investments to win Jet. Kalrock's website described it as a London-based asset management company with interests in real estate, venture capital and “special situations”. Jet, India’s oldest private carrier, stopped operations in April last year due to a cash crunch.

MUMBAI: IIFL Asset Management, part of the IIFL group, is stepping up its private equity business with a newly launched fund worth Rs 1,300 crore. The domestic fund, launched a month ago, received commitment from a handful of HNIs and family offices in India, said multiple people aware of the development. This is the second PE fund IIFL has raised in the last three years.

Benchmark indices opened higher on Thursday for the sixth consecutive session. India's largest IT services major, Tata Consultancy Services (TCS) posted better-than-expected quarterly numbers and said it expects demand for software services to continue to gain pace. The company's growth in constant currency terms stood at 4.8% - a beat as compared to estimates of 2.5%.

HDFC Bank and Apollo Hospitals have partnered to launch ‘The HealthyLife Programme’ which will enable bank customers to get up to Rs 40 lakh finance, among other benefits. The customers will also get anytime doctor on call service on Apollo 24/7 digital platform and choice of payment options for treatment under this facility.

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has allotted 140 acre land to Flipkart for setting up their largest fulfilment centre in Asia, an official statement said on Wednesday. The fulfilment centre will have a covered area of 3 million square feet at Patli Hazipur, Manesar in Gurugram district, the statement issued by the Haryana government said.