On June 13, 2024, Wipro, a top technology services and consulting company, announced a strategic partnership with Hewlett Packard Enterprise (HPE). They are launching a new GenAI solution at Wipro’s Customer Experience Center in the Cloud Studio’s Kodathi office. This solution will use Wipro’s Smart Operations platform and HPE’s Machine Learning Development Environment to improve …
After struggling in the initial trades today, Indian headline indices gained positive momentum and edged closer to their recent record highs. The broader indices significantly outperformed the main indices. Notable gainers included the energy, oil & gas, consumer durables, capital goods and telecommunication sectors. The BSE Information Technology Index was the sole losing index today. …
On Friday, the benchmark indices were trading in the green with the Sensex up around 95 points or 0.12% at 76,904, while the Nifty-50 was up around 42 points or 0.18% at 23,440. About 2,297 shares have advanced; 1,208 declined and 165 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On Thursday Board of Directors of Puravanakara Limited approved a fundraising plan with Rs. 1000 Cr via Qualified Institutional Placement (QIP) mode in one or more phases. Through this method, listed companies raise capital by issuing fresh equity shares, or any securities other than warrants convertible to equity shares, to Qualified Institutional Buyers (QIB). The …
Vodafone Idea is one of the leading telecom service providers in India. The company’s business services include voice business/ services, broadband services, content services, enterprise services, and other VAS offerings like entertainment, SMS, and Utility. It is the third largest telecom operator in India. Vi to sell Rs.2,458 crore stake On June 13, Vodafone Idea …
On June 13, 2024, the Nifty 50 rose 0.33% and closed at 23,398, and the Sensex grew 0.27%, closing at 76,810. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty Consumer Durables, Nifty IT, and Nifty Mid small healthcare ended in the green. Meanwhile, Nifty Media, Nifty FMCG, Nifty Private Bank, and Nifty …
On June 12, 2024, Atul Auto Limited established a new subsidiary, Atulease Private Limited. The company has an initial investment of ₹10 lakh in share capital, with further funds to be injected per business requirements. Mr Vijay Kedia, a Non-Executive Director of Atul Auto Limited, has subscribed to 20,000 equity shares of Atulease Private Limited …
Monthly Trends in FDI Equity Inflows Sr.No Month FDI Equity inflow (Rs crore) 1 April, 2023 41,877 2 May, 2023 22,055 3 June, 2023 25,999 4 July, 2023 20,917 5 August, 2023 24,071 6 September, 2023 33,957 7 October, 2023 52,755 8 November, 2023 23,628 9 December, 2023 19,771 10 January, 2024 49,829 11 February, …
Axis Bank is fined a total amount of Rs. 1,66,25,000 by the Financial Intelligence Unit (FIU) on a case that dates back to 2021. The fine was imposed on the bank due to its failure to place a mechanism for detecting and reporting suspicious transactions. The order issued by the agency also highlighted the failure …
On Thursday, the market posted a record close amid broad-based gains. The market cap of BSE-listed companies rose to Rs 432 lakh crore, with an addition of Rs 2.5 lakh crore today. The Sensex gained 0.27% after reaching a new all-time high of 77,145.46, while the Nifty increased by 0.33%, hitting a record high of …
