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Granules India, Hindustan Copper, Manappuram Finance, National Aluminium, RBL Bank, SAIL shares are banned from F&O trading on 17 December 2024.
Stocks to Watch:
Vedanta’s board approved the fourth dividend of Rs 8.5 per share for FY25 amounting to Rs 3,324 crore. The board has fixed 24 December 2024 as record date for the purpose of dividend payment
Hindustan Petroleum board approved the lube modernization and bottoms upgradation project at Mumbai Refinery. This project would increase the Lube Oil Base Stocks (LOBS) production from current 475 KTPA to 764 KTPA. The estimated cost of this project is Rs. 4679 crore with a Mechanical completion schedule of 36 months and 3 months for commissioning from the date of Board approval.
Shriram Properties‘ chairman and managing director, M Murali and promoter of the company has received approval from Securities and Exchange Board (SEBI) for acquisition of 13,38,335 equity shares of Shriram Properties Holdings (SPHPL) from Shriram Group Executive Welfare Trust (SGEWT), another Promoter of the company.
Murali now holds 9,15,501 shares, representing 48.47% of equity in SPHPL (implying indirect holdings of 13.44% in the Company).
Texmaco Rail and Engineering has received an order from Chhattisgarh State Power Transmission, Government of Chhattisgarh for construction of transmission lines on turnkey basis valuing Rs 187.41 crore approximately.
Everest Industries’ chief financial officer, Pramod Nair has resigned with effect from 10 January 2025.
Wipro through its subsidiaries has signed definitive agreement to acquire 100% shareholding in Applied Value Technologies (AVT), Inc., Applied Value Technologies B.V. and Applied Value Technologies Pte. AVT helps enterprises transform IT operations through a highly customized and data-driven approach. AVT will augment Wipro’s existing application services capabilities, helping drive new growth opportunities.
PNB Gilts’ managing director and chief executive officer (CEO), Vikas Goel has resigned citing personal reasons.
The AI-powered virtual assistant, ‘Sukjai’, powered by the NVIDIA AI Enterprise software platform, SIAM.AI and Wipro’s Enterprise Generative AI (WeGA) Studio will provide domestic and international travelers with personalized, up-to-date, and timely information to deliver highly tailored experiences, while enabling the Tourism Authority to seamlessly service a growing number of tourists.
Specifically, ‘Sukjai’ will provide 24/7 support and information on things such as transportation guidelines and schedules, destinations and lodging availability, recommended activities based on interest, and crowd flow information at top attractions, etc. It will offer customized recommendations based on individual preferences and include info on emergency services as well as safety and security alerts.
Vinay Firake, CEO, Asia Pacific, Middle East and Africa (APMEA), Wipro, said, “We are excited to collaborate with SIAM.AI and utilize NVIDIA's technology to transform the tourism experience in Thailand. This initiative highlights our deep expertise and investments in delivering highly customized AI solutions, designed to achieve the unique objectives of our clients. With the expected increase in sovereign AI initiatives across geographies, this collaboration with SIAM.AI and the Thai government marks an important milestone in bringing such services to a broader set of clients across markets.”
Ratanaphon Wongnapachant, CEO, SIAM.AI Cloud, said, “Our collaboration with Wipro exemplifies how we're bringing together global expertise and local knowledge to serve Thailand's digital future. Through this partnership, we're leveraging NVIDIA's advanced AI infrastructure while maintaining our commitment to data sovereignty and local value creation. This initiative demonstrates how Thailand can work with global leaders while maintaining control of our AI destiny and advancing our position as a key player in Southeast Asia's AI landscape. Ratanaphon Wongnapachant, CEO, SIAM.AI Cloud, said, “Our collaboration with Wipro exemplifies how we're bringing together global expertise and local knowledge to serve Thailand's digital future. Through this partnership, we're leveraging NVIDIA's advanced AI infrastructure while maintaining our commitment to data sovereignty and local value creation. This initiative demonstrates how Thailand can work with global leaders while maintaining control of our AI destiny and advancing our position as a key player in Southeast Asia's AI landscape.
Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.
The IT giant’s consolidated net profit grew 6.85% to Rs 3,208.8 crore on 1.54% rise in revenue from operations to Rs 22,301.6 crore in Q2 FY25 over Q1 FY25. On year on year (YoY) basis, the IT firm’s net profit grew 21.26% while revenue fell 0.95% in Q2 FY25.
The scrip shed 0.68% to end at Rs 297.25 on the BSE on Friday, 6 December 2024.
Wipro announced a collaboration with SIAM.AI, a member of the NVIDIA Cloud Partner program in Thailand. The companies will leverage NVIDIA accelerated computing and software to develop an AI-powered digital assistant for the Tourism Authority of Thailand. This collaboration will utilize infrastructure, data and networks within the country, advancing Thailand's sovereign AI objectives.
The AI-powered virtual assistant, ‘Sukjai'—powered by the NVIDIA AI Enterprise software platform, SIAM.AI and Wipro's Enterprise Generative AI (WeGA) Studio—will provide domestic and international travelers with personalized, up-to-date, and timely information to deliver highly tailored experiences, while enabling the Tourism Authority to seamlessly service a growing number of tourists.
Specifically, ‘Sukjai' will provide 24/7 support and information on things such as transportation guidelines and schedules, destinations and lodging availability, recommended activities based on interest, and crowd flow information at top attractions, etc. It will offer customized recommendations based on individual preferences and include info on emergency services as well as safety and security alerts.