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News Desk

NTT DATA Acquires Udupi-Based Niveus Solutions to Expand Cloud Expertise

NTT DATA Acquires Udupi-Based Niveus Solutions to Expand Cloud Expertise

/ Indian Market /

Global IT services firm NTT DATA has acquired Niveus Solutions, a Udupi-based cloud engineering company, to address the rising global demand for advanced cloud solutions. The terms of the deal were not disclosed. This acquisition adds 1,000 GCP engineering professionals to NTT DATA and enhances its GCP-native modernization, data engineering, and AI-driven solutions capability. In […]

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TARC Shares Gain 5% After Selling Half of Project TARC Ishva for Rs 1,350 Crore

TARC Shares Gain 5% After Selling Half of Project TARC Ishva for Rs 1,350 Crore

/ Indian Market /

Shares of TARC Ltd. rose 5% to Rs 216 on November 27 after the company announced the sale of 50% of its luxury project TARC Ishva for Rs 1,350 crore. This strong performance has helped the stock register a 55% gain year-to-date, far exceeding the 10% rise in Nifty 50. Earlier, the stock reached its

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CCI Approves Kotak Mahindra Bank’s Acquisition of Standard Chartered India's Personal Loans Portfolio

CCI Approves Kotak Mahindra Bank’s Acquisition of Standard Chartered India’s Personal Loans Portfolio

/ Indian Market /

The Competition Commission of India (CCI) has approved Kotak Mahindra Bank’s acquisition of the personal loans portfolio of Standard Chartered Bank’s India operations in a deal valued at Rs 4,100 crore. Key Details of the Deal Significance of the Move Broader Impact This acquisition by Kotak Bank is aligned with the bank’s commitment toward scaling up its

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UltraTech Cement Gets NCLT Approval for Rs 7,600 Crore Kesoram Deal

UltraTech Cement Gets NCLT Approval for Rs 7,600 Crore Kesoram Deal

/ Indian Market /

UltraTech Cement, the largest cement producer in India, said on November 26 that the National Company Law Tribunal has approved its deal for the acquisition of the cement assets of Kesoram Industries Ltd for Rs 7,600 crore. The acquisition, which was announced in November last year, will consolidate UltraTech Cement’s presence in southern India, an

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Tata Teleservices Shares Surge 13% on Heavy Trading Volumes

Tata Teleservices Shares Surge 13% on Heavy Trading Volumes

/ Indian Market /

Shares of Tata Teleservices (Maharashtra) soared over 13% on November 25, marking their biggest intraday gain in three months. This sharp rise was fueled by an extraordinary surge in trading volumes. So far, around 5 crore shares have exchanged hands, a dramatic increase compared to the 32 lakh daily average traded over the past month.

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Suraksha Diagnostic IPO

Review of Suraksha Diagnostic Limited IPO: Lot Size, Check Issue Date, Price

/ IPO News /

Suraksha Diagnostic IPO Price: ₹420 to ₹441 per shareIPO Dates: 29 November 2024 – 3 December 2024 Company Overview Suraksha Diagnostic Limited was incorporated in 2005. It is one of the leading pathology and radiology-based diagnostic service providers with an operational presence in West Bengal, Bihar, Assam, and Meghalaya. As of June 30, 2024, Suraksha

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GE Vernova T&D India Hits 5% Lower Circuit as Promoter Plans 8.38% Stake Sale

GE Vernova T&D India Hits 5% Lower Circuit as Promoter Plans 8.38% Stake Sale

/ Indian Market /

Shares of GE Vernova T&D India fell to the 5% lower circuit on November 25 after its promoter, Grid Equipments Private Ltd, announced plans to sell up to 8.38% of its paid-up equity share capital through an Offer for Sale (OFS). The stock dropped to Rs 1,823.50 on the NSE, hitting its lower price band

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Krystal Integrated Shares Gain 4% on Securing Rs 106-Crore BMC Contract

Krystal Integrated Shares Gain 4% on Securing Rs 106-Crore BMC Contract

/ Indian Market /

Krystal Integrated Services’ shares rose 4% on November 25 after the company announced a Rs 106-crore contract win from the Brihanmumbai Municipal Corporation (BMC). The contract focuses on improving operational efficiency in Mumbai’s public services. At 10:30 AM, Krystal shares were trading at Rs 770, marking a 4% gain. However, on a year-to-date basis, the stock

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Govt to Transform IFCI into Infrastructure Advisory Firm

Govt to Transform IFCI into Infrastructure Advisory Firm

/ Indian Market /

The Indian government plans to overhaul operations at IFCI Ltd, a non-bank lender, by ending its lending activities and repositioning it as an infrastructure advisory firm. According to sources familiar with the matter, the move comes in response to capital constraints and rising non-performing assets. Though the infrastructure finance company was founded in 1949, IFCI

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