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Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks

Here are the top stocks to track today: Earnings Today: Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today. Sugar stocks: The government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India s dependence on costly oil imports. Panacea Biotec: Drug firm Panacea Biotec reported a consolidated net loss of Rs 54.14 crore for the quarter ended March 31, 2021 as against a net loss of Rs 69.70 crore for the corresponding period of the previous financial year. RIL: After record fundraising and debt prepayments, Reliance Industries (RIL) now has a strong balance-sheet with high liquidity that will support growth plans for its three hyper-growth engines - telecom arm Jio, retail and oil-to-chemicals business, firm s Chairman and Managing Director Mukesh Ambani said.

Wipro partners Finastra to accelerate digital transformation in transaction banking

The IT major on Wednesday announced a partnership with Finastra to help corporate banks across Asia Pacific accelerate their digital transformation.The companies will create a unique offering that combines Wipro s comprehensive services catalogue with Finastra s front-to-back trade finance and cash-management solutions. A recent Finastra study showed that corporate banking clients have shifted their focus towards real-time execution capabilities, access to online platforms, and value-add services. In response, banks are moving away from the traditional relationship management model to become digital platform players that can meet client needs in a faster, flexible and more agile way. The partnership will help banks make this transition quickly through access to Wipro s service portfolio, from consulting and digital to infrastructure and operations and Finastra s leading solutions namely Fusion Trade Innovation and Fusion Cash Management.

Wipro becomes third IT firm to hit Rs 3 lakh crore marketcap

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