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Tech Mahindra’s 3rd Quarter Profit Rises by 4%; Get More Details Here!

Tech Mahindra’s 3rd Quarter Profit Rises by 4%; Get More Details Here!

4 February 2022

On Tuesday, 1 February 2022, Tech Mahindra reported a rise in consolidated net profit by 4%, amounting to Rs. 1,368 crores during Q3 ended December 2021. The net profit was Rs. 1,309 crores during the same time back in 2020. Scroll through this blog to get an extensive overview of Tech Mahindra! What About Tech …

Birlasoft Collaborates With Microsoft To Establish Generative AI Centre Of Excellence

Birlasoft Collaborates With Microsoft To Establish Generative AI Centre Of Excellence

24 July 2023

Today, Birlasoft Limited in collaboration with Microsoft the company has set up a Generative AI Centre of Excellence in Noida, Pune, and Edison, NJ (USA). This strategic initiative is focused on accelerating value creation and fostering innovation in the adoption of Generative AI to deliver cutting-edge enterprise solutions across various industries. The centre will leverage …

IndusInd Bank Plans Stake Sales To Bolster Its Balance Sheet

IndusInd Bank Plans Stake Sales To Bolster Its Balance Sheet

29 July 2020

Indian private lender, IndusInd Bank will sell Rs 3,288 crores worth of stakes to institutional investors as a measure to raise its capital funds base amid rising uncertainties caused by the pandemic outbreak. IndusInd is walking the same line that some of the other premier banks have already opted. Big wigs like HDFC Bank Ltd., …

SEBI revises ESM framework, stocks allowed to trade on all days

SEBI revises ESM framework, stocks allowed to trade on all days

19 July 2023

On Tuesday, the NSE announced that the market regulator SEBI, in collaboration with NSE and BSE, has updated the surveillance actions within the Enhanced Surveillance Measures (ESM) framework. Previously, stocks categorized under ESM Stage II were allowed to trade once a week. However, the new revision allows these stocks to be traded on all trading …

Ircon International’s Rs 210-crore deal boosts RaiITel Corporation by 4%

Ircon International’s Rs 210-crore deal boosts RaiITel Corporation by 4%

8 December 2021

An Overview Ircon International placed orders worth Rs 210 crore with RaiITel Corporation of India, which saw its stock rise 4% in early trade on December 9. “RaiITel Corporation has received a work order from Ircon International for the design, supply, installation, testing, and commissioning of a tunnel communication system in tunnel environment consisting of emergency …

HDFC Bank & HDFC Ltd to Become 2nd Largest Indian Company Post-Merger

HDFC Bank & HDFC Ltd to Become 2nd Largest Indian Company Post-Merger

23 May 2023

HDFC Bank is the largest private sector bank in India incorporated in August 1994 and was the first to obtain RBI approval to establish a bank in the private sector. Till date the company has 7821 branches across 3811 cities in India, serving over 83 million customers. HDFC Ltd, India’s first specialized mortgage firm was …

Bajaj Triumph Motorcycles receives 10,000 bookings within 10 days; Are you planning to buy it?

Bajaj Triumph Motorcycles receives 10,000 bookings within 10 days; Are you planning to buy it?

10 July 2023

This week, Bajaj Auto Unveiled its Triumph Speed 400 and Scrambler 400X motorcycles in India. Triumph Motorcycles has experienced an astounding response among Indian motorcycle enthusiasts, achieving an extraordinary milestone of 10,000 bookings in a mere 10 days following the global unveiling.  The much-awaited Speed 400 and Scrambler 400 models, which were first showcased in …

RBI says bank’s bad loan hit 10-year lows; GNPA could Improve

RBI says bank’s bad loan hit 10-year lows; GNPA could Improve

29 June 2023

The Reserve Bank of India conducted stress tests to evaluate the ability of scheduled commercial banks (SCBs) to withstand macroeconomic shocks. The results indicate that the banks are adequately capitalized and possess the capacity to absorb such shocks for one year, even without requiring additional capital infusion.  Based on the stress test results published in …

Reserve Bank of India has opened up gilts to retail investors through a new direct platform

Reserve Bank of India has opened up gilts to retail investors through a new direct platform

15 November 2021

An Overview Retail investors can now invest directly in government securities. Individual investors can open an account with the Reserve Bank of India (RBI) to invest in government assets through this plan. What’s on the plate? RBI-RD is a service designed to entice retail investors to purchase government assets. In February 2021, the RBI recommended …

Indian rupee outperforms emerging market currencies

Indian rupee outperforms emerging market currencies

23 June 2023

The Indian Rupee outperformed the other emerging market currencies, exhibiting a significant decrease in expected volatility during June. When investors look to profit off the interest rate differentials between two currencies, volatility becomes the crucial factor to take into account. Despite the fluctuation in the value of the dollar over the past month, the Indian …

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