TCS, Surya Roshni and L&T Finance Holdings to see some action today

Tata Consultancy Services (TCS) has been selected by la Mobiliere, the oldest private non-life insurer in the Swiss market, as its long-term strategic partner to drive its digital transformation agenda. La Mobiliere is pursuing a digitization strategy and is modernizing its core business including products, core processes and digital touch points for customers, partners, and employees, to become future-ready. It is already doing this with remarkable success; La Mobiliere has recently won the Digital Excellence Award 2021. The insurer is now looking to further accelerate its efforts including the deployment of datadriven services and technologies such as artificial intelligence to enhance customer experience even more.

Surya Roshni has obtained order amounted to Rs 124.35 crore (excluding GST) for supply of API 3LPE Coated Pipes for LPG Pipeline Project to IHB, a Joint Venture of Indianoil, Hindustan Petroleum & Bharat Petroleum.

L&T Finance Holdings (LTFH) and HSBC Asset Management (India) (HSBC AMC) have entered into a definitive agreement whereby HSBC AMC shall acquire 100% equity shares of L&T Investment Management (LTIM), a wholly owned subsidiary of LTFH, which is the investment manager of L&T Mutual Fund, for an aggregate purchase consideration of $425 million (subject to adjustments as set out in the definitive agreements). In addition, LTFH will also be entitled to excess cash in LTIM until the completion of the acquisition. The transaction is subject to the requisite regulatory approvals. Both LTIM and HSBC AMC will work to ensure that there will be continuity of services to their investors and counter-parties in the interim.

SBL Infratech is all set to launch its upcoming Residential Floors Project 'Madhav Apartment' at Uttam Nagar, New Delhi.

Air France-KLM and InterGlobe Aviation (IndiGo) are launching an extensive codeshare agreement. With this new partnership, Air France and KLM will offer their customers access to 25 new Indian destinations. From their hubs in Paris and Amsterdam, Air France and KLM already serve 4 destinations in India: Delhi, Mumbai, Chennai, and Bengaluru.

GPT Infraprojects has secured order worth Rs 56 crore for construction of Road Over Bridge (ROB) at Gomia Km 49/4-5 in lieu of L/C no. 11/A/T in between Chandrapura -Barkakana route in CIC section of Dhanbad Division.

REC has entered into an agreement with KfW Development Bank for availing ODA term loan of $169.5 million under Indo-German Bilateral Partnership in accordance with the approval granted by Department of Economic Affairs, Ministry of Finance, Govt. of India.