MITCON News Today

Demand remains muted; FY24 guidance soft in Indian IT sector: IIFL Securities

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Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.

• 29 September, 2023
• 11:05 AM
• less than a minute

Gensol Engineering's EV Arm Bags Rs 75 Crore Order for 500+ Tata Ace Cargo Electric Vehicles

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The order is from an all-electric logistics company, with an initial batch of over 20 EVs already leased

• 28 September, 2023
• 1:22 PM
• less than a minute

Aditya Birla Fashion completes purchase of 51% stake in TCNS Clothing, becomes promoter

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A 51% stake in TCNS Clothing has been acquired by Aditya Birla Fashion Retail Ltd (ABFRL), making it a promoter of the women's clothing company.

• 27 September, 2023
• 2:36 PM
• less than a minute

Updater Services IPO undersubscribed on day 3; check live details here

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The price band for the offer is Rs 280-300 per share.

• 27 September, 2023
• 1:13 PM
• less than a minute

In order to hasten and democratize the industry's adoption of generative AI, Infosys works with...

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Infosys offers services, frameworks, solutions, and platforms in a variety of application areas, including semantic search, document summarization, contact centre transformation, AI-augmented software development lifecycle (SDLC), and marketing content creation.

• 27 September, 2023
• 11:44 AM
• less than a minute

Updater Services' IPO subscribed 16% on day 2

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The price band for the offer is set at Rs 280-300 per share

• 26 September, 2023
• 10:02 PM
• less than a minute

Updater Services IPO day 2: Check live subscription details here

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The price band for the offering is set at Rs 280-300 per share

• 26 September, 2023
• 1:39 PM
• less than a minute

Zen Technologies Ltd. Bags order worth Rs 227.65 crores

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A full maintenance contract with a post-warranty cost of Rs 43.22 crore, including GST, is included in the contract.

• 26 September, 2023
• 12:41 PM
• less than a minute

Tata Communications to bolster media & entertainment services

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Currently, approximately 80% of enterprise use cases can be executed on 4G LTE networks.

• 26 September, 2023
• 10:20 AM
• less than a minute

Updater Services IPO subscribed only 6% so far on day 1

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Updater Services, based in Mumbai, aims to raise Rs 640 crore through the initial public offering at the upper end of the price band.

• 25 September, 2023
• 4:57 PM
• less than a minute