TV motor signs the MoU with Swiggy

TV Motor Company announces strategic partnerships with Swiggy. This partnership highlights the commitment of TV Motors companies to strengthen electrification in various mobility segments and parallel to many Swigggy efforts to enable the adoption of EVs in the labor fleet.

As part of the MOU, a TV and Swiggy motorbike will test the implementation of motor motorbike TV for shipping food and service on other requests from Swiggy.

TV The Motor Company quoted at Rs 661, up 6.35, or 0.97 percent.

Citi Look at TCS

Citi research company has continued to sell calls in stock with targets at RS 3,580 because Q3 income is mostly in-line.

The TCV agreement is USD 7.6 billion mostly in-line with an average of previous 4-quarters.

For FY22-24 Estimates EPS changed by 0-1%. It finds a 26% consensus margin assumption for high FY23, while repurchases can support the near future.

Tancing consulting services quoted at Rs 3,899.05, up RS 41.80, or 1.08 percent.

The IRFC Fitch level proposes USD ‘BBB-‘ bonds

Fitch Ratings has assigned Indian Railway Finance Corporation Limited (IRFC, BBB-/ Negative) proposed by the US dollar 144A US bonds without guarantees ‘BBB-‘ rating. The proposed bonds will be excluded from the existing IRFC global medium-term record program. The results will be used to fund the acquisition of railway assets, which are rented by IRFC to Indian trains, and to meet the requirements of debt financing entities operating in the domestic railroad sector.

The program size was raised to USD 7.0 billion in November 2021, from USD 4.0 billion. This increase did not affect the rank of ‘BBB-BBB, which was last confirmed on May 26, 2021. Both the program and the proposed bond ratings were aligned with the default issuer IRFC (IDR) rating, because the proposed bond will be an IRFC Direct. , Obligations without conditions, unusual and insecure and unsafe and will rank Passu Pasu with all unusual and unsafe and unsafe guarantee obligations in the future.

Fitch has assessed IRFC under the government-related entity ranking criteria, factoring of accounts receivable in the strength of the company’s linkages with the government, and government incentives to provide support, with a total support score of high 50. This produces IDR IRFC equity with Sovereign India (BBB- / Negative), Apart from the company’s Mandiri Credit Profile.