On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex significantly gaining by 2.16% to close at 76,693, and the Nifty rising by 2.05% to finish at 23,290. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 1.49%, and the Nifty Small-Cap soared …
Borosil Scientific Limited, a leader in scientific and industrial products, celebrated its successful listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). This milestone, marked by the ringing of the opening bell at BSE, signifies a new chapter for the company’s legacy of excellence. Demerger Fuels Focused Growth The listing follows the …
On June 7, 2024, Happiest Minds Technologies Limited informed the stock exchanges that the company’s wholly-owned subsidiary, PureSoftware, has been honoured with the esteemed ‘Best Banking-as-a-Service Platform of the Year’ award at the prestigious 14th Africa Bank 4.0 Summit 2024 conducted by BII. The award acknowledges PureSoftware’s exceptional impact on the financial sector through its …
Securities and Exchange Board of India (SebI) has sent a show cause notice to Yashish Dahiya, the Chairperson and CEO of PB Fintech Limited. The notice concerns PB Fintech FZ-LLC, Dubai, investing $2 million on November 17, 2022, to buy a 26.72% share in YKNP Marketing Management, a different company. The notice mentions that this …
Wipro Limited, a prominent Information Technology (IT) services player, has bagged a staggering $500 million deal with a leading US communication service provider. The 5-year contract will see Wipro poised to deliver managed services tailored to specific products and industry solutions. “Wipro will deliver managed services for select products and industry-specific solutions,” the company stated …
On June 7, 2024, Tata Consultancy Services (TCS) launched TCS AI WisdomNextTM.This platform consolidates various Generative Artificial Intelligence (GenAI) services into a unified interface. It facilitates organisations in swiftly embracing next-gen technologies on a large scale, reducing expenses, and ensuring compliance with regulatory standards. This innovative platform aims to eliminate obstacles for customers in creating …
On June 6, 2024, United Breweries Limited announced in a stock exchange filing the launch of Queenfisher Premium Lager Beer: The Queen of Good Times from the House of Kingfisher in Maharashtra. The company stated that after receiving an overwhelmingly positive response from consumers in Goa, Meghalaya and Assam, they are delighted to introduce this …
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, with its main operations in iron ore, gold, and aluminum mines in Goa, Karnataka, Rajasthan, and Odisha. The company primarily operated in Goa and Karnataka, it has gradually expanded its operations in recent years to Odisha, Rajasthan, Chhattisgarh, Tamil Nadu, Punjab, Jharkhand, Gujarat, and …
In recent political discussions, the BJP’s manifesto has promised to make India the “API Market of the World” if they comes into power. This has significant implications for India’s pharmaceutical industry, particularly for companies specializing in APIs, or active pharmaceutical ingredients. APIs are the key chemicals in drugs, and there are companies that focus on …
On June 7, 2024, The Great Eastern Shipping Company Limited (GE Shipping) announced its acquisition of a medium-range (MR) product tanker weighing approximately 49,990 deadweight tons (dwt). The agreement, finalised on June 6, 2024, involves a vessel built in 2013, set to integrate into the company’s fleet during the second quarter of the fiscal year …
