Mphasis Limited, a leading IT solutions provider, outlined a strategic financial plan during a Board of Directors meeting on April 25, 2024. These strategic investments aim to enhance operational efficiency and support the continued growth of the company’s subsidiaries. Capital Infusion for European Subsidiary Investment Amount: Mphasis Limited will invest up to US$80 million in …
The Indian benchmark indices opened the final trading session of the week in the red. Both the Nifty and Sensex are down by 0.29% each, indicating a cautious end to the trading week. However, there’s a silver lining in the broader market performance as the Nifty Midcap and Nifty Small-Cap are trading higher by 0.77% …
The Indian Hotels Company Limited, an Indian hospitality company under the umbrella of the Tata Group, oversees a diverse portfolio of properties including hotels, resorts, jungle safaris, in-flight catering services etc. Following its Q4 results, Indian Hotels witnessed a nearly 5% decline in its share price, settling at Rs.581. The company posted a notable 27% …
On April 26, 2024, GTPL Hathway Limited, a leading Multi-System Operator (MSO) in India through an exchange filing, launched an updated version of its WhatsApp bot, GIVA, integrating advanced AI capabilities. As part of GTPL Hathway’s commitment to drive excellence through cutting-edge digital innovations, the upgraded bot is designed to automate customer support, enable self-service, …
On April 25, 2024, a leading global digital engineering and R&D services provider, L&T Technology Services Limited (LTTS), through an exchange filing, announced that it will be streamlining and simplifying its organisational structure into 3 main segments to fuel future growth, scalability and technology innovation. As a part of its ‘Go Deeper to Scale’ strategy …
On April 25, 2024, CRISIL ESG Ratings & Analytics Ltd (CRISIL ESG Ratings), a wholly owned subsidiary of CRISIL Ratings Ltd (CRL), received approval from the market regulator Securities and Exchange Board of India (SEBI) to act as a Category 1 provider of environmental, social and governance (ESG) ratings. The approval comes after SEBI notifications …
ICICI Bank is India’s second-largest private sector bank that provides a wide range of financial products across its diversified portfolio. In an alarming incident, ICICI Bank mistakenly exposed the sensitive credit card details of more than 17,000 customers. The breach happened from a technical error in the digital mapping that incorrectly linked newly issued credit …
On April 25, 2024, Meson Valves India Limited informed in a stock exchange filing that the company secured a license agreement with Georg Schunemann GmHH of Bremen, Germany. Details of the Agreement The agreement authorises Meson Valves to proactively expect and champion ‘Make in India’ as the exclusive choice for global manufacturing. This exclusive arrangement …
On April 25, 2024, Zensar Technologies Limited announced its financial results for its fourth quarter, ending March 31, 2024, of the fiscal year 2023-2024. In FY 2024, the company reported services revenue of $591.3 million, a yearly YoY growth of 1.0% in reported currency and 1.3% in constant currency. In Q4 FY 2024, the company …
On April 25, 2024, PG Electroplast Limited (PGEL), through an exchange filing, announced that its wholly-owned subsidiary, PG Technoplast Private Limited, achieved a significant milestone by unveiling its new marquee air conditioning (AC) manufacturing facility for North India in Bhiwadi, Rajasthan. The objective behind this strategic investment is to meet the growing demand for energy-efficient …
