Reliance, TCS, Tata Motors Announce Major AI and Sustainability Partnerships Amid Market Slump

Indian stock markets fell on October 31, 2025, influenced by the US Federal Reserve's warning that the year's rate cuts may be final, along with mixed Q2 earnings and a strong US dollar dampening investor sentiment. Key companies like Maruti Suzuki, ITC, Swiggy, and Reliance Industries (RIL) were in focus due to their quarterly results and corporate developments. Reliance Industries strengthened its AI initiatives through a strategic partnership with Google to expand AI adoption across India, while Tata Consultancy Services partnered with Tata Motors to enhance sustainability efforts. ITC reported a 4% year-over-year increase in net profit despite revenue decline and operational challenges. Food delivery firm Swiggy's net loss widened substantially in Q2, though revenue increased 54% year-over-year. Market analysts suggest a continued consolidation phase with support levels identified for the Nifty index, advising investors to target stock-specific opportunities amid the correction phase.