IT services company Infosys on Thursday announced a three-year partnership with Rafael Nadal, onboarding the global tennis star as an ambassador for the brand and Infosys' Digital Innovation. To mark Nadal's first-ever collaboration with a digital services company, Infosys and Nadal's coaching team are developing an AI-powered match analysis tool, the Bengaluru-headquartered company said in [...]
Benchmark stock indices Sensex and Nifty closed lower on Thursday after three days of gains dragged mainly by selling in index majors Reliance Industries and HDFC Bank. The BSE Sensex pared early gains to settle 180.96 points or 0.28 per cent lower at 65,252.34. During the day, it hit a high of 65,913.77 and a [...]
After mutually resolving six trade disputes with the US at the World Trade Organization (WTO), New Delhi and Washington are now trying to engage in ending their last pending dispute over poultry products, a senior government official said on Thursday. In July, India and the US mutually resolved six trade disputes pending at the WTO, [...]
Shares of a multibagger auto stock in Vijay Kedia’s portfolio gained nearly 5 percent on Thursday’s early trades to reach a 52-week high of ₹ 459.00 apiece, after foreign institutional investors bought a stake in the company. At 01:37 PM, its shares were trading at ₹ 444.70 apiece. Atul Auto manufactures three-wheelers and sells the [...]
Shares of a financial services company gained 6.52 percent to reach a 52-week high of ₹ 937.50 apiece on the Bombay Stock Exchange (BSE) after large deals took place on the counter. Approximately 10 million shares changed hands as per reports. A combined 17 million shares of Max Financial Services changed hands on the exchanges [...]
The Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available. However, the total limit for offline transactions on a payment instrument remains Rs 2,000 at any [...]
Companies included under the category of ‘fundamentally strong’ stocks usually portray a certain set of attributes including lower leverage ratios, strong financial numbers, and many more. Listed below is one such fundamentally strong stock that gets a ‘Buy’ call with a potential upside of 31 percent: Galaxy Surfactants Limited With a market capitalization of Rs [...]
Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said he will unveil a 100 per cent ethanol-fueled variant of Toyota's Innova car on August 29. The Union minister, who has been exhorting automakers to come out with alternative fuel-powered and green vehicles, had last year launched a hydrogen-powered car, Toyota Mirai EV. "On [...]
Honeywell on Wednesday said it has set up an Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, Haryana. "AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies," [...]
Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size [...]
