HDFC Bank Ltd was recently seen in the top Nifty 50 gainers after crossing the 1500 mark after January 2024, the share price has corrected more than 13% from its 52-week high of Rs.1,757.50. The stock has underperformed in the last 1 year and has given negative results. In 2024, the stock declined by 15% …
Global Brokerage, Macquaire has given a rating of outperform to the 5th Largest IT company of India, LTI Mindtree but has reduced its target price from Rs.7050 to Rs.6250, Despite this cut, the revised targets suggest a potential upside of 34% from the April 16 closing price. Why This Cut from Macquarie? Macquarie noted that …
On April 18, 2024, Talbros Automotive Components Limited informed the stock exchanges that the company’s joint venture company, Marelli Talbros Chassis Systems Private Limited, secured a landmark multi-year ~₹1,000 crore contract from a large European Original Equipment Manufacturer (OEM). Details of the Contract Talbros Automotive Components Limited (TACL) announced an order win from a large …
On April 17, 2024, Infosys Ltd informed the stock exchanges that the company collaborated with Proximus, the leading digital services and communications solutions provider in Belgium, on the ServiceNow platform. Details of the Collaboration Infosys announced a successful collaboration with Proximus. The company helped Proximus to standardise its existing processes on the ServiceNow platform and …
On April 17, 2024, Muthoot Finance informed the stock exchanges that the company had acquired additional shares of Belstar Microfinance Ltd. Details of the Acquisition Muthoot Finance stated following the Board’s decision to acquire an additional stake in Belstar Microfinance Limited (Subsidiary) and subsequent intimations dated March 21, 2024, and March 28, 2024, the acquisition …
On April 17, 2024, the flagship company of Adani Portfolio, Ambuja Cements Ltd (Ambuja), announced that the promoters of the company – the Adani family have fully subscribed to the warrants program in the company with further capital infusion of ₹8,339 crore. This infusion took the capital added by the Adani family to ₹20,000 crore. …
One 97 Communications Limited (OCL), the parent company of India’s leading payments and financial services app Paytm, received a green light from the National Payments Corporation of India (NPCI) to initiate user migration to new partner banks. This development, announced on April 17, 2024, signifies a significant shift for Paytm’s UPI (Unified Payments Interface) users …
Biocon Limited, a leading global biopharmaceutical company, recently announced a significant step in expanding access to its innovative diabetes treatment. Biocon signed an exclusive licensing and supply agreement with Biomm S.A., a prominent speciality pharmaceutical company in Brazil. This strategic partnership paves the way for the commercialisation of Semaglutide (gOzempic) in the Brazilian market, a …
On April 18, 2024, DroneAcharya Aerial Innovations informed in an exchange filing that the company had signed an agreement with CBAI Technologies Private Limited to procure 200 Type Certified training drones over three years. This marks a significant stride in DroneAcharya’s mission to revolutionise drone education and skill development in the country. Commenting on the …
On April 17, 2024, Technvision Ventures Limited announced in an exchange filing that the company’s step-down subsidiary, Emagia Corporation, launched GiaPay, an Al-powered B2B Payments Orchestration solution designed for the modern B2B payments needs of global enterprises. The company stated that the new platform, Giapay, is available as a stand-alone solution with API connectors and …
