Indian Market

Infosys Secures Digital Transformation Deal with Zooplus, Establishes GCC in Hyderabad

Infosys Secures Digital Transformation Deal with Zooplus, Establishes GCC in Hyderabad

/ Indian Market /

Infosys announced a new digital transformation partnership with Germany-based e-commerce company Zooplus on October 10. As part of the deal, Infosys will establish a Global Capability Centre (GCC) in Hyderabad. Zooplus will use Infosys Topaz, a modular AI-first platform powered with generative AI, to drive e-commerce functionality improvement and operational efficiency. It will engage in […]

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Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout

Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout

/ Indian Market /

Tata Sons Pvt Ltd is set to earn approximately Rs 2,600 crore in dividend income from its stake in Tata Consultancy Services (TCS). Holding 71.74% of TCS, Tata Sons will benefit from the IT giant’s second interim dividend of Rs 10 per share for FY25. TCS had previously distributed Rs 10 per share in July

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IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore

IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore

/ Indian Market /

Indian Renewable Energy Development Agency (IREDA) reported a significant 36% year-on-year (YoY) rise in net profit for the second quarter ending September 30, 2024, reaching Rs 387.75 crore. In comparison, the firm recorded Rs 284.73 crore in profit during the same period in the previous fiscal year, as per its exchange filing. Accordingly, revenue from

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Maharashtra Declares Day of Mourning to Honor Ratan Tata on October 10

Maharashtra Declares Day of Mourning to Honor Ratan Tata on October 10

/ Indian Market /

The Maharashtra government has declared a day of mourning on Thursday, October 10, to honor the late industrialist Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Chief Minister Eknath Shinde’s office confirmed the announcement, stating that the national tricolour on government buildings will be flown at half-mast. Entertainment events

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RCF Shares in Focus After Awarding Rs 1,000-Crore Contract to L&T

RCF Shares in Focus After Awarding Rs 1,000-Crore Contract to L&T

/ Indian Market /

Rashtriya Chemicals and Fertilisers (RCF) stock will be in the spotlight on October 10 following the company’s decision to award a Rs 1,000.27 crore contract to Larsen & Toubro (L&T). The contract involves the setup of a 1200 MTPD complex fertilizer plant at RCF’s ThaI facility on an LSTK (Lump Sum Turnkey) basis and is

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Adani Enterprises Launches First $500 Million QIP Tranche

Adani Enterprises Launches First $500 Million QIP Tranche

/ Indian Market /

Adani Enterprises, the flagship firm of Gautam Adani’s conglomerate, has launched the first tranche of its Qualified Institutional Placement (QIP) to raise $500 million. This comes as part of its broader plan to raise up to $2 billion, with a second QIP expected in the coming months. Approved by the board in May 2023, the

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RBI MPC Holds Repo Rate Steady at 6.5%, Shifts Stance to Neutral

RBI MPC Holds Repo Rate Steady at 6.5%, Shifts Stance to Neutral

/ Indian Market /

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5 percent but shifted its policy stance to neutral. This decision follows the US Federal Reserve’s recent jumbo rate cut of 50 basis points. A poll of 12 economists, bankers, and fund managers had predicted the RBI would

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Hyundai Motors India to Raise Rs 8,315 Crore via Anchor Bidding on October 14

Hyundai Motors India to Raise Rs 8,315 Crore via Anchor Bidding on October 14

/ Indian Market /

Hyundai Motors India Ltd is set to raise approximately Rs 8,315 crore from anchor investors by issuing 42.42 million shares on October 14, ahead of its highly anticipated Initial Public Offering (IPO). The IPO, open for subscription from October 15 to October 17, is priced between Rs 1,866 and Rs 1,960 per share. The IPO

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Hyundai Motor India Sets IPO Price Band at Rs 1,865-1,960 for Rs 27,870-Crore Offering

Hyundai Motor India Sets IPO Price Band at Rs 1,865-1,960 for Rs 27,870-Crore Offering

/ Indian Market /

Hyundai Motor India, the country’s second-largest carmaker, has announced a price band of Rs 1,865-1,960 per share for its Rs 27,870-crore initial public offering (IPO), which is set to open on October 15. The IPO, consisting entirely of an offer-for-sale of 14.2 crore equity shares by its parent company Hyundai Motor Company, will close on

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SEBI Clears IPOs for NSDL, Zinka Logistics, and Standard Glass Lining Technology

SEBI Clears IPOs for NSDL, Zinka Logistics, and Standard Glass Lining Technology

/ Indian Market /

The Securities and Exchange Board of India (SEBI) has issued observation letters for the IPO plans of National Securities Depository Limited (NSDL), Zinka Logistics Solutions (operating as Blackbuck), and Standard Glass Lining Technology, allowing them to move forward with their public offerings. NSDL IPO: NSDL, which filed its draft prospectus in July last year, received

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