Infosys in focus on partnership with Toyota Material Handling

Infosys announced a long term strategic partnership with Toyota Material Handling Europe (TMHE). As IT services partner, Infosys will help TMHE in its digital transformation journey by facilitating transformation to a scalable digital hybrid cloud platform, providing application services, digital workplace, infrastructure management and a dedicated data center operation. The announcement was made after market hours yesterday, 24 June 2019.

Tata Consultancy Services (TCS) announced that it is increasing its holding in TCS Japan, its joint venture with Mitsubishi Corporation (MC), one of Japan's largest integrated business enterprises. Following the stake hike, TCS will hold 55% equity in TCS Japan - up from 51%, when the joint venture was established in July 2014 - and MC will hold 34%. The announcement was made after market hours yesterday, 24 June 2019.

Shares of SBI Life Insurance Company will be in focus. BNP Paribas Cardif, one of the promoters of SBI Life Insurance Company, proposes to sell up to 2.50 crore shares representing 2.5% of the equity share capital of the company (on a non-diluted basis) on the separate windows provided by BSE and the National Stock Exchange of India. The floor price for the offer shall be Rs 650 per share. The announcement was made after market hours yesterday, 24 June 2019.

Syndicate Bank scheduled a board meeting on 29 June 2019, to consider and approve capital raising plan of the bank for the FY 2019-20. The announcement was made after market hours yesterday, 24 June 2019.

IFCI said that the company's board has approved the sale of its remaining stake of 1.20 crore equity shares comprising of 2.44% of the total equity shares of NSE. The announcement was made after market hours yesterday, 24 June 2019.

Eris Lifesciences said that the board of directors will consider a proposal of buyback of the fully paid-up equity shares of the company at its meeting scheduled to be held on 3 July 2019. The announcement was made after market hours yesterday, 24 June 2019.

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