Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice […]
Cyient Launches New Semiconductor Subsidiary Read More »
Asian stock markets experienced a downturn following a significant drop in US tech stocks, fueled by expectations of potential interest rate cuts due to slowing inflation in the US. The Japanese yen showed volatility amid speculations of market interventions. Key Point:- •. Japan: Japanese shares dropped over 1% after a rally in the yen on
Asian Markets Dip as Tech Stocks Tumble in the US Read More »
Tata Consultancy Services (TCS), India’s largest IT company, announced its financial results for the first quarter of FY25, aligning with market expectations. The company’s consolidated net profit rose by 9% year-on-year to Rs 12,040 crore for the April-June period. TCS’s revenue from operations also saw a year-on-year increase of 5.4%, reaching Rs 62,613 crore. Market
TCS Q1 Results: Net Profit Rises 9% to Rs 12,040 Crore; Rs 10 Dividend Announced Read More »
NELCO Ltd., a subsidiary of Tata Power Company Ltd., reported lower-than-expected financial results for the first quarter of FY25, leading to a significant drop in its stock price. The company’s net profit for the quarter fell by 20.4 percent year-on-year to Rs 4.6 crore, while revenue from operations decreased by 6 percent to Rs 74.1
NELCO’s Q1 Financial Performance Disappoints, Stock Drops by 4% Read More »
Data Patterns (India) saw its shares surge by over 6% following the Defence Research & Development Organisation (DRDO) sanctioning a new project under the Technology Development Fund (TDF) scheme. The Chennai-based company has been tasked with developing a Radar Signal Processor. DRDO has awarded a total of seven projects focused on the aerospace and defense
Data Patterns Rise 6% on DRDO Project Approval; Six Other Winners Announced Read More »
The State Bank of India (SBI), the country’s largest lender, has successfully raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 percent, the bank announced on Wednesday. This marks SBI’s sixth infrastructure bond issuance in recent months. The latest issue brings SBI’s total outstanding long-term bonds to Rs 59,718 crore.
SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds Read More »
On July 10, Glenmark Pharma announced that its board approved selling 7.84% of its shares in Glenmark Life Sciences. The board agreed to sell up to 96,09,571 shares through the stock exchange. Glenmark Pharma shared this news in a filing. On the same day, Glenmark Life Sciences’ shares closed 1.2% lower at Rs 878 each
Glenmark to Sell 7.84% of Life Sciences Unit Read More »
MUMBAI, July 10, 2024 – Bansal Wire Industries, a major player in the stainless steel wire manufacturing sector, made a spectacular debut on the National Stock Exchange (NSE). The company’s shares were listed at Rs 356, a 39% premium over the issue price of Rs 256, following its successful Initial Public Offering (IPO). The IPO,
Bansal Wire IPO Soars with 39% Premium Listing on NSE Read More »
MUMBAI, July 9, 2024 – The Canada Pension Plan Investment Board (CPPIB) plans to sell its entire 3.18% stake in the logistics company Delhivery through block deals on July 10, as reported by CNBC-TV18. Sources indicate that the block deal will be valued at approximately Rs 886 crore. Shares will be offered in the price
Canada Pension Plan Investment Board Likely to Sell Entire Stake in Delhivery Read More »
State-owned Rail Vikas Nigam Ltd (RVNL) has clinched a significant contract worth ₹202.87 crore from the South Eastern Railway. The project, announced on July 9, involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2x25KV system along the Kharagpur-Bhadrak section of
RVNL Wins ₹202.87-Crore South Eastern Railway Project Read More »
