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Infosys shares bounce back after falling in early trade

Infosys shares bounce back after falling in early trade

Shares of Infosys bounced back after declining in initial trade on Friday and were trading in the positive territory, a day after it announced its December quarter earnings. The stock, after making a positive beginning, declined 0.84 per cent to Rs 1,468 on the BSE. However, later it bounced back and climbed 0.74 per cent [...]
HCL Tech bags digital transformation deal US firm Mattel Inc

HCL Tech bags digital transformation deal US firm Mattel Inc

IT company HCL Tech has bagged a digital transformation deal from US-based toy manufacturing company and owner of children's and family entertainment franchises Mattel Inc, the company said on Thursday. Unde the deal, HCLTech will serve as Mattel's primary IT digital transformation partner for the next several years. HCL Tech will support Mattel's future direction [...]
LTTS to acquire SWC business of parent firm for Rs 800 cr

LTTS to acquire SWC business of parent firm for Rs 800 cr

IT company L&T Technology Services will acquire the Smart World & Communication (SWC) Business of its parent firm Larsen & Toubro Limited in an all-cash deal worth Rs 800 crore. Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the [...]
REC to provide Rs 21,086 cr financial assistance to MP discoms, MPPMCL, Rewa Ultra Mega Solar project

REC to provide Rs 21,086 cr financial assistance to MP discoms, MPPMCL, Rewa Ultra Mega Solar project

State-owned REC Ltd will extend financial assistance worth Rs 21,086 crore to discoms in Madhya Pradesh, MP Power Management Company Ltd & Rewa Ultra Mega Solar project. REC has inked three separate pacts with MP Power Management Company Limited (MPPMCL), discoms in Madhya Pradesh and Rewa Ultra Mega Solar Ltd to this effect. An MoU [...]
NCLT directs Rel Cap lenders, administrator to reply on Torrent Investments plea by Jan 16

NCLT directs Rel Cap lenders, administrator to reply on Torrent Investments plea by Jan 16

The National Company Law Tribunal (NCLT) on Thursday asked insolvency-bound Reliance Capital's lenders and administrator to file a response by January 16 on Torrent Investments' plea to halt their plans to hold a fresh auction for better realisation. Torrent Investments -- one of the bidders for the Anil Ambani-promoted Reliance Capital -- has offered Rs [...]
Kamdhenu Ventures to list on stock exchanges this month: Group CMD

Kamdhenu Ventures to list on stock exchanges this month: Group CMD

Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month. The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. There are plans [...]
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