Tech Mahindra, the IT services and consulting firm, announced on Tuesday, February 20, that it has finalized the acquisition of a 100% stake in Orchid Cybertech Services (OCSI) via its wholly-owned subsidiary for a total of $3.27 million. In a regulatory filing, Tech Mahindra announced that its wholly-owned subsidiary, Customer Philippines Inc., has approved the…
Hyundai Motor India IPO: Emkay Global suggests that Maruti Suzuki might trade at comparable valuations to Hyundai. This is due to Suzuki’s heavy reliance on India and its alliance with Toyota, balanced by Hyundai’s strong global presence and premium brand positioning. With Hyundai’s Indian subsidiary, Hyundai Motor India, making strides as the second-largest passenger vehicle…
Kotak Bank: Federal Bank shares dropped by 7.97 percent, reaching a low of Rs 150 on the BSE. Meanwhile, Kotak Mahindra Bank shares were trading 0.84 percent higher at Rs 1,746.05 on the BSE. Federal Bank Ltd witnessed an 8 percent plunge in its shares during Tuesday’s trading session. This drop came as Kotak Mahindra…
Sensex and Nifty are down on weak global cues; markets are indecisive due to lack of triggers The Sensex and Nifty 50 kicked off trading on February 20 with a downtrend, influenced by subdued global cues. Following Nifty’s record peak of 22,186 in the prior session, analysts suggest that maintaining levels above 22,150 may instigate…
Yes Bank stock fell 4% following a 0.86% equity transaction Yes Bank stock: Yes Bank shares saw a decline of 4.58 percent on February 19, reflecting a trading session where 0.86 percent of the bank’s equity changed hands. On February 19, approximately 24.78 lakh shares worth Rs 674 crore changed hands on the exchanges. Yes…
RVNL shares rise 12% as railway firm publishes order book information and plan RVNL shares rose 11.86% to an intraday high of Rs 281.45 on the BSE. RVNL’s market capitalization rose to Rs 57,556 crore on the BSE. In short RVNL shares have a one-year beta of 1.4, indicating strong volatility over that period. The…
LIC shares climb 2% after receiving a Rs 21,740 crore payout LIC shares: Stock markets have been informed by LIC that the company is pursuing the remaining amount with the income tax authorities, with a total refund value of Rs 25,464 crore. On February 19, afternoon, shares of Life Insurance Corporation (LIC) of India Limited…
HDFC Bank shares: During the January selloff, these 5 MF houses purchased equities valued at Rs 11,400 crore. HDFC Bank shares: Data compiled by PRIME Database indicates that ICICI Prudential Mutual Fund’s holding in the private bank surged to Rs 19,990.25 crore in January from Rs 19,074.69 crore in December. In January, five leading mutual…
Dr. Reddy’s vying for Novartis’ India arm stake? Dr.Reddy’s: The report emerged the day after Novartis AG declared a strategic review of its Indian subsidiary. This review, as stated by the firm, encompasses an evaluation of Novartis AG’s 70.68 percent shareholding in the company. Indian pharmaceutical giant Reportedly, Dr. Reddy is vying to acquire Novartis…
RBI said Paytm’s Card Machine, Soundbox, and QR code will work after March 15 RBI: To maintain the smooth flow of merchant settlements, One 97 Communications Limited has transitioned its nodal account to Axis Bank by establishing an Escrow Account. As pioneers of QR and mobile payments in India, Paytm has forged a robust digital…
