Latest News and Updates

21st Apr, 2022

ICICI Securities plummets ~6% despite posting growth in Q4FY22

Published on: 2:39 pm

  • ICICI Securities’ counter sets a bearish tone today as it posted marginal growth during the quarter and fiscal year ended March 2022.
  • Its consolidated revenue for Q4FY22 jumped 20.7% yoy to Rs892.30 crore against Rs739.34 crore in Q4FY21. Revenue for FY22 was Rs3434.98 crore as compared to Rs2586.17 crore for FY21, up by 32.82% yoy.
  • Consolidated profit after tax increased by 3.3% from Rs329.47 crore in Q4FY21 to Rs340.29 crore in Q4FY22. PAT for the financial year ended March 2022 increased by 29.49% yoy at Rs1382.60 crore as compared to Rs1,067.72 crore for FY21. Read more

TCS to help financial services firms accelerate their growth and transformation with Microsoft Cloud

Published on: 2:33 pm

  • Tata Consultancy Services, the largest provider of IT services to the banking, financial services, and insurance (BFSI) industry worldwide, has announced that it is now a Microsoft Cloud for Financial Services partner.
  • TCS will combine its deep industry knowledge and experience as a leading transformation partner for BFSI clients, with its Microsoft Cloud for Financial Services solutions, and its large talent pool of Microsoft-certified consultants to enable clients to innovate, and reimagine their businesses to meet evolving market, customer and regulatory needs.
  • TCS’ multi-horizon cloud transformation roadmap first entails helping clients build a new future-ready cloud-based digital core that enhances agility and resilience. Subsequently, the company helpsthem harness cloudnative capabilities around AI, IoT and other technologiesto launch new and innovative products and services, create new revenue streams, embrace new business models, create differentiated customer experiences, and drive growth. Read more

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Market pulse at 2:25PM today

Published on: 2:25 pm

  • Benchmark indices trading firm in the afternoon session as a rally was seen in Reliance, Infosys and HDFC twins.
  • BSE Sensex is 57,904.93 levels, up 867 points or 1.52%.
  • Nifty50 is currently 17,391.65, up 255 points or 1.49%. Nifty Bank is trading 1% higher at 36,682.85. Read more

Paras Defence’s subsidiary shortlisted for Government’s PLI scheme for drones; stock soars ~3%

Published on: 2:15 pm

  • Paras Defence and Space Technologies Limited’s subsidiary Paras Aerospace Private Limited has been shortlisted by MoCA in the category of drone component manufacturers among others.
  • The company has qualified as per the minimum value addition criterion of more than 40%. The company is eligible to receive incentives from the MoCA as per the terms and conditions stipulated under the PLI scheme for Drones.
  • Ministry of Civil Aviation (MoCA) — SDIT Division vide its Public Notice dated April 20, 2022, has issued the first provisional list of beneficiaries under the PLI scheme for drones and drone components manufacturers. Read more

Infosys completes acquisition of digital experience and marketing agency 'oddity'; Stock climbs 2%

Published on: 1:33 pm

  • Infosys has announced that it has completed the acquisition of oddity, a Germany-based digital marketing, experience, and commerce agency. This follows the announcement the company made on March 22, 2022.
  • The acquisition further strengthens Infosys’ creative, branding and experience design capabilities, and demonstrates its continued commitment to co-create with clients, and help them navigate their digital transformation journey.
  • oddity brings to Infosys a comprehensive service portfolio comprising digital-first brand management and communication, in-house production, including virtual and augmented reality, experience design and e-commerce services as well as its metaverse-ready set-up across Europe. Read more

Hitachi Energy bags Rs160 crore from MP Power Transmission

Published on: 1:13 pm

  • Hitachi Energy India Ltd. has won an order worth about Rs160 crore from MP Power Transmission Package-II Limited. The order was booked in the January to March quarter.
  • It is a project-specific business to strengthen the transmission system in the rural area of Madhya Pradesh to increase capacity and improve the reliability of the power infrastructure in the region.
  • The order for nine grid connections will strengthen a power transmission network spreading over 1,000 kilometres of overhead lines across nine rural districts of Madhya Pradesh. Read more

ICRA: Elevated input prices to pressurize tyre industry margins, domestic demand could grow by 7-9%

Published on: 1:12 pm

  • ICRA estimates the domestic tyre demand to grow by 7-9% in FY2023 supported by recovery in OE demand across most product segments and steady growth in replacement volumes. Factors like gradual easing of supply related constraints in passenger vehicle OE segment, improving growth momentum in Commercial Vehicle OE segment and stable replacement volumes are expected to support domestic demand growth during this period.
  • Following two years of contraction led by slowdown in auto sector and Covid-19 pandemic, tyre demand witnessed a recovery in FY2022 with an estimated growth of 11-13% Y-o-Y. OE demand was affected by weak 2W sales, lower PV production due to supply-side issues (semiconductor chip shortages), and high base limiting growth in tractor demand. Replacement demand was strong across product segments although there were headwinds in Q3 FY2022 in commercial segments due to factors like inflationary costs trends, weak rural sentiments, base effect etc. Read more

Everest Kanto Cylinder's wholly-owned subsidiary forms JV; Stock zooms 5%

Published on: 1:06 pm

  • EKC International FZE, Wholly-Owned Subsidiary of Everest Kanto Cylinder Limited (Dubai) has entered into a Joint Venture Agreement with Dr. Mohamed Saad Eldin, Chairman of Saad El Din Group, Egypt on April 19, 2022.
  • According to the filing, the purpose of agreement is to become the market leader of CNG cylinders manufacturing in the Middle East and North Africa (MENA), region by Year 2026 leveraging on the strong track record and the know-how of EKC International Dubai and the high potential in the Egyptian and African Markets. Read more

Fino Payments Bank soars 3% as RBI nods referral services of Term Deposits in association with Suryo

Published on: 12:54 pm

  • Fino Payments Bank Limited has received approval from the Reserve Bank of India (RBI) dated April 19, 2022, for carrying out referral services of Term Deposits by partnering with Suryoday Small Finance Bank as a Business Correspondent.
  • The Banks customers will be able to get the Term Deposits facilities through Partner Bank Suryoday Small Finance Bank, with whom the Bank has tied up. This will also increase the revenue of the Bank.
  • This is the second tie-up between Fino Bank and SSFB and the first one as the listed entity. Earlier, Fino joined hands with SSFB to offer a sweep account facility to its customers to address the Rs1 lakh end-of-the-day deposit limit, which was later increased to Rs2 lakh. Read more

ICICI Bank Q4FY22 Preview: NII seen at Rs126.6 billion, PAT at Rs64.4 billion

Published on: 12:52 pm

  • Result date: 23rd April, 2022
  • Recommendation: Buy
  • Target price: Rs1,000
  • ICICI Bank is likely to post a good show for the March 2022 quarter. Loan growth is pegged at 17-18% over the year-ago quarter. Its robust growth in SME and retail segments is driven by continued investments in technology and partnerships with new players. This could drive a 21% yoy growth in Net Interest Income (NII). The bank’s non-interest income could also grow at a healthy pace of 22% as compared to the year-ago quarter. Read more

CRISIL upgrades rating on Damodar Industries' bank facilities; Stock jumps 5%

Published on: 12:44 pm

  • CRISIL Ratings has upgraded its ratings on the bank facilities of Damodar Industries Ltd (DIL) to 'CRISIL BBB-/Stable/CRISIL A3' from 'CRISIL BB+/Stable/CRISIL A4+'. Also, CRISIL Ratings has upgraded its rating on fixed deposits worth Rs 40 crore to 'FA-/Stable’ from ‘FB+/Stable’.
  • According to the rationale report, the upgrade reflects improvement in the business and financial risk profiles of the company. Read more

Tata Elxsi logs 49.3% yoy jump in PAT at Rs549.70 crore for FY22; stock climbs ~2%

Published on: 12:40 pm

  • Tata Elxsi Limited posted its results for the quarter and fiscal year ended March 31, 2022. The company has reported a robust performance for the period under review with double-digit growth numbers.
  • On the segmental front, Embedded Product Design (EPD), the company’s largest division, witnessed a growth of 35.7% yoy. Whilst its Industrial Design and Visualization (IDV) grew by 36% yoy.
  • Tata Elxsi is currently trading at Rs7,912.35 up by Rs104.3 or 1.34% from its previous closing of Rs7,808.05 on the BSE. It touched intraday high and low of Rs8,190.95 and Rs7,832 respectively. Read more

Market pulse at 12:30 PM today

Published on: 12:30 pm

  • Benchmark indices extended gains on Thursday amid firm global cues. The BSE MidCap and Smallcap indices advanced 0.8 per cent and 1.12 per cent, respectively.
  • BSE Sensex is 57,790.23 levels, up 752.73 points or 1.32%.
  • Nifty50 is currently 17,332.50, up 199 points or 1.16%. Nifty Bank at 36,570.05.
  • India VIX is down 2.36% at 18.23 levels.
  • Coal India, Asian Paints, Infosys, RIL and TCS are the top gainers. Tata Steel, JSW Steel, ONGC, Cipla and Nestle are the top losers.
  • Nifty auto and IT stocks outperformed by 1% to drive the trade however metals pare early losses to trade flat.
  • Out of 50 stocks traded on the NSE, 42 advanced, and 08 declined. Read More

Alphalogic Techsys completes land acquisition for Ethanol project; Stock zooms 6.6%

Published on: 12:23 pm

  • Alphalogic Techsys Limited had earlier announced regarding allotment and possession of land to the company viz. plot no. D-7 admeasuring 69,368 sq. m of area in (Tadali) Chandrapur Growth Centre for setting up of Industrial unit for manufacturing of 150 KLPD Ethanol Product, DDGS and other allied products.
  • The company has executed agreement to lease with MIDC (Maharashtra Industrial Development Corporation), Chandrapur (Tadali) Growth Centre, Dist. Chandrapur and the same is registered with Inspector general of Registration, Chandrapur. Read more

SAIL appoints Brijendra Singh as Director In-charge of Burnpur & Durgapur Steel Plant; stock up ~1%

Published on: 12:15 pm

  • Steel Authority of India Limited (SAIL) has appointed Brijendra Pratap Singh, Executive Director as the s Director In-charge (Burnpur and Durgapur Steel plant) on April 19, 2022.
  • Brijendra Pratap Singh has completed his B. Tech in Mining Machinery from the Indian School of Mines, Dhanbad. He started his career with SAIL at the Iron Ore Mine of Bhilai Steel Plant in 1989.
  • With a rich experience spanning over 32 years, he is having diverse experience ranging from Mines, Blast Furnaces, Sinter Plant & Maintenance, and overall Plant operation from execution to leading from the front. Read More

ITC to acquire 10.07% stake in D2C Community-Commerce Brand Mylo; stock marginally up

Published on: 11:57 am

  • lTC Limited proposes to acquire a 10% stake in Blupin Technologies Private Limited, the company behind the brand Mylo.
  • Founded in 2017, Mylo, is a full-stack community eco-system focused on the parenting journey of young families. Mylo caters to the needs of its consumers through a wide and relevant range of content, conversations, health tools, and community sharing features. Apart from personalized content and an active community, Mylo also provides its users with direct-to-consumer (D2C) personal care brands.
  • With this investment, lTC will further expand its presence in the D2C mother and baby care segment. The Company announced its investment in Mother Sparsh Baby Care Private Limited in November 2021, an ayurvedic and natural personal care brand in the D2C space with a focus on the mother and baby care segment. Read more

ICRA upgrades long-term ratings of Escort’s bank facilities worth Rs950 crore; stock gains ~1%

Published on: 11:37 am

  • Escorts Limited informed that ICRA Limited has upgraded its long-term rating by one notch from "AA" to "AA+" accompanied by a revision in outlook from "watch with developing implications" to "Stable".
  • ICRA has also reaffirmed the company’s short-term rating to “A1+”.
  • Total bank facilities reviewed by the rating agency were worth Rs950 crore. Read more

Market pulse at 11:30 AM today

Published on: 11:30 am

  • Benchmark indices extended bullish stance led by auto and IT stocks.
  • BSE Sensex is 57,717.42 levels, up 679.92 points or 1.19%.
  • Nifty50 is currently 17,332.50, up 195.95 points or 1.14%. Nifty Bank at 36,570.05.
  • India VIX is down 2.36% at 18.23 levels.
  • Coal India, Asian Paints, Infosys, RIL and TCS are the top gainers. Tata Steel, JSW Steel, ONGC, Cipla and Nestle are the top losers.
  • Nifty auto and IT stocks outperformed by 1% to drive the trade however metals pares early losses to trade flat.
  • Out of 50 stocks traded on the NSE, 41 advanced, and 09 declined. Read More

CARE Ratings assigns A1 rating to Yes Securities Rs100 crore Commercial paper

Published on: 11:28 am

  • YES Securities (India) Limited (YSIL), the wholly-owned Investment Banking, Merchant Banking, Wealth Broking & Investment Advisory subsidiary of YES BANK Limited (YBL), has been assigned a short-term 'A1' rating by Care Ratings for its Rs100 crore commercial paper programme. The CARE A1 rating signifies the issuer offers adequate degree of safety regarding timely servicing of financial obligations and carries low credit risk.
  • The CARE A1 rating is based on the following key rating strengths of YSIL
  • Parentage of YES BANK Limited, managerial and operational linkage and expected financial support from the Bank. It also includes the broader benefits derived from shared brand identity with the Bank.  Read more

Nihar Info Global stock soars 5% on receiving order from ONGC

Published on: 11:23 am

  • Nihar Info Global Ltd. has received a Purchase Order for Supply of Cycling Jerseys and Caps in Bulk Quantity for CYCLOTHON event, a part of SAKSHAM 2022 program from ONGC (Oil and Natural Gas Corporation Ltd.), Kakinada.
  • As per regulatory filing, the company said, "This ts part of the B2B Division of Nihar Info Global Limited which deals with various Corporates and Government Organizations. The B2B Division has consistently received orders from various Corporates and Government Agencies and has been keeping its consistent efforts to build a strong clientele. Read more

Angel One spurts 6% post Q4FY22 numbers

Published on: 11:16 am

  • Angel One Limited, one of the largest stock brokers in India, has posted its audited consolidated financial results for the quarter and full year ended March 21, 2022.
  • Angel One’s counter jumped 6.16% so far in today’s trade and was seen at Rs1,724.20 against its previous close of Rs1,624.10 on the National Stock Exchange, owing to the strong financial numbers.
  • It has reported a consolidated income of Rs685.30 crore in Q4FY22 as compared to Rs607.10 crore in Q3FY22, registering a growth of 12.9% QoQ basis. Read More

Dr Reddys launches Posaconazole Tablets in US market

Published on: 10:57 am

  • Dr. Reddy’s Laboratories Ltd. has announced the launch of Posaconazole Delayed-Release Tablets, 100 mg, the therapeutic generic equivalent to NOXAFIL (posaconazole) Delayed-Release Tablets, 100 mg approved by the U.S. Food and Drug Administration (USFDA).
  • The NOXAFIL brand and generic had U.S. sales of approximately $140.8 million MAT for the most recent twelve months ending in February 2022 according to IQVIA*. Read more

Thomas Cook India & SOTC partner with Emirates Holiday to offer premium packages; Stock climbs 3%

Published on: 10:45 am

  • Thomas Cook (India) Limited, India’s leading omnichannel travel services company and its Group Company, SOTC Travel, have been appointed Preferred Sales Agents (PSA) for the Indian market by Emirates Holidays, the tour operating arm of Emirates Airlines. With a strong focus on India - one of the fastest growing markets for outbound travel, the partnership intends to target India’s Leisure, Business and B-Leisure segments with an attractive portfolio of both ready-to-book and personalised air-inclusive holidays across Emirates’ global network of more than 120 destinations.
  • Thomas Cook & SOTC’s strategic omnichannel model offers extensive touchpoints to customers: India’s largest retail holiday network and B2B distribution (across its owned stores, Partner franchise outlets and Preferred Sales Agents) coupled with the Companies’ website and call centres. Read more

PNC Infratech bags Rs37.02 crore bonus for early completion of project; stock skyrockets ~8%

Published on: 10:33 am

  • PNC Infratech Limited announces receipt of Rs37.02 crore as a bonus for the early completion of one of its EPC projects. The project is for the “Development of Purvanchal Expressway (Package VI) from km 218+300 to 246+500, in the state of Uttar Pradesh”.
  • This order was received from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority, and the bonus for the Project was received on April 20, 2022. Read more

DJ Mediaprint & Logistics stock surges over 5% after securing order from Maharashtra Govt

Published on: 10:31 am

  • DJ Mediaprint & Logistics Ltd stock hits 5% upper circuit today after the intimation of receipt of order.
  • As per regulatory filing, the company informed that it has secured orders for Record Room Creation and Digitization from The Government of Maharashtra, Tribal Development Department, Mantralaya, Maharashtra Government.
  • At around 10:34 AM, DJ Mediaprint & Logistics was trading at Rs58.55 per piece higher by 5.21% on the BSE. Read more

Market pulse at 10:30 AM today

Published on: 10:30 am

  • Equity market indices rally amid mixed global cues.
  • BSE Sensex is 57,512.16 up 474.66 points or 0.83%.
  • Nifty50 is currently 17,273.35 up 136.80 points or 0.80%. Nifty Bank is at 36,484.25 up 169.35 points or 0.47%.
  • Coal India, Asian Paints, TCS, IndusInd Bank and RIL are the top gainers. Nestle, Tata Steel, Bajaj Auto, JSW Steel and Hindalco are the top losers.
  • Except Nifty Metal, all other stocks are bullish while Nifty Pharma and IT stocks rose 1% each.
  • Out of 50 stocks traded on the NSE, 40 advanced and 10 declined. Read More

Caesars Entertainment selects RateGain for Rate Intelligence; Stock soars 3%

Published on: 10:02 am

  • RateGain Travel Technologies Limited (RateGain), a provider of SaaS solutions for travel and hospitality on Thursday announced that it has been selected by Caesars Entertainment, Inc. (Caesars), the largest gaming company in the United States, to provide real-time rate intelligence to boost hotel performance, profitability, and RevPar.
  • As part of the deal, Caesars will be implementing RateGain's products OPTIMA, PARITY+, and Closed Loop rate parity (Test Reservation) across 50+ properties throughout the United States. Read more

Nykaa inks pact with Aveda to launch Prestige salons in the country; stock climbs ~3%

Published on: 9:43 am

  • Salon savants in India now have a new destination to enrich their haircare experiences as Nykaa (FSN E-commerce Limited), India's leading omnichannel beauty and lifestyle destination, in association with Aveda, the global leader in prestige hair care announced the of launch Aveda X Nykaa. A truly upraised salon offering, the first Aveda X Nykaa makes its debut in the garden city of India - Bengaluru. With this opening, Aveda is all set to bring its international hair offerings to Indian consumers, now backed by Nykaa’s Indian beauty expertise and deep market knowledge.
  • The Beauty and Personal Care Market in India were valued at Rs1,267 billion in 2019, growing at a CAGR of 13% over the last 3 years. Tapping into this market, ELCA Cosmetics Private Limited and FSN Brands Marketing Private Limited (a material subsidiary of FSN E-Commerce Ventures Limited), have joined hands to enter and seize the professional, luxury hair care space, building brand awareness, and authority. Read more

Markets maintain winning spree; Sensex gains 300 pts, Nifty 50 over 17,200; RIL, Coal India, Adani P

Published on: 9:35 am

  • Indian markets maintained their winning streak on Thursday as well with heavyweight stocks being in the fast lane. A broad-based buying was witnessed across sectoral indices except for metal stocks which saw lacklustre demand. The domestic equities traded higher despite mixed global cues as Asian indexes traded higher on US yield drop near 2.87%.
  • Furthermore, corporate earnings offset the onslaught of the inflationary pressure amid Russia-Ukraine war.
  • Notably, US markets saw a mixed trading with Dow Jones gaining 250 points while Nasdaq loses over 1% as profit booking & sharp fall in Netflix weigh on the index. Netflix loses 200k users which is the first drop in the decade resulted to its massive loss of $50 billion in market cap during the trading on Wednesday. Read more

Dhanvarsha Finvest board allots 13,00,989 equity shares on conversion of warrants

Published on: 9:19 am

  • Karan Neale Desai, holding convertible warrants (non-promoter) of Dhanvarsha Finvest Limited has exercised option for part conversion of warrants held by him by conversion of 13,00,989 warrants (post sub-division) into equity shares of the Company.
  • Accordingly, subsequent to giving effect of the sub-division of equity shares approved by the Shareholders of the Company at its Twenty Seventh AGM held on September 20, 2021, the Board of Directors of the Company, have vide resolution passed by circulation on April 20, 2022, approved the allotment of 13,00, 989 equity shares of the Company of face value of Rs.2/- each at a premium of Rs.20.26/- per share to Desai. Read more

Wardwizard Innovations updates on rights issue; stock gains 1%

Published on: 9:17 am

  • WardWizard Innovations and Mobility Ltd, one of manufacturers of the country’s leading electric two-wheeler brand Joy e-bike has got full subscription for its Right Issue of Rs.23, 24, 82, 423 comprising of 56,70,303 Rights Issue Shares, where promoters of the company did not participate.
  • Further, the company has plans to utilize the right issue proceeds for working capital requirement & other corporate general business purposes.
  • Notably, the Rights Issue was opened for subscription on February 07, 2022 and closed on March 08, 2022. The Issue saw good response from the shareholders/investors across the country, said company. Read more

Prima Plastics begins commercial production of new unit at Pithampur; Stock up 2%

Published on: 9:16 am

  • Prima Plastics Ltd announced that the company has commenced the commercial production at its New Unit at Pithampur in Madhya Pradesh from April 19, 2022.
  • As per the regulatory filing, this facility is a state-of-the art automated manufacturing unit with the highest standards of sustainability having an installed capacity of 1800 tons per annum in addition to existing capacity of 1200 tons per annum for its Rotational moulding division. Read more

Glenmark Lifesciences’ PAT dips 5.5% yoy for Q4FY22; revenue grows 10% yoy

Published on: 9:10 am

  • Glenmark Lifesciences Limited has reported its results for the quarter and financial year ended March 2022. The company witnessed strong growth momentum in the year across key regulated markets.
  • Revenue grew at 10% yoy in Q4 and 12.6% in FY22. Revenue for Q4FY22 was Rs514.06 crore as against Rs4,671.60 in Q4FY21. While revenue for the financial year ended March 2022 was reported at Rs2,123.21 crore as compared to Rs1,885.17 crore for FY22.
  • EBITDA for Q4FY22 dipped 13.5% yoy at Rs147.31 crore as compared to Rs170.23 crore for Q4FY21. For the financial year 2021-22, EBIDTA gained 6.6% yoy at Rs630.76 crore against Rs591.88 crore in FY21. Read more

Top stocks in focus: HCL Technologies, Nestle India, Tata Elxsi, Atul Auto, Infosys

Published on: 8:23 am

  • Tata Elxsi clocked 39 per cent year-on-year growth in Q4FY22 profit at Rs 160 crore on healthy growth in revenue that increased 31.5 percent YoY to Rs 682 crore backed by strong double-digit growth in transportation, media and communications, and healthcare segments. EBITDA grew by 32 percent YoY to Rs 221.2 crore in the March quarter.
  • Kotak Mahindra Mutual Fund bought additional 21,566 equity shares in Persistent Systems via open market transactions on April 18. With this, Kotak MF's shareholding in the company stands increased to 5 percent, up from 4.97 percent earlier.
  • Infosys has completed the acquisition of Germany-based digital experience and marketing agency, oddity. Read More

SGX Nifty indicates positive opening for Indian markets

Published on: 8:10 am

  • SGX Nifty is at 17,227 levels, higher 54 points. (Updated at 8:10 AM)
  • The Nifty saw a smart comeback after the last hour selloff on Tuesday as Reliance led the index to close higher by over 175 points. Bank Nifty also managed to close flat despite HDFC bank seeing relentless selling pressure. Auto, cement & OMC lead the gainers as ACC earnings beat street estimates while Reliance closed within striking distance of new all-time highs up nearly 3%.
  • Midcaps also saw a rebound with Nifty 100 closing higher by 1%. Read more

Stock market news that you should not miss today

Published on: 8:10 am

  • Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @16800, resistance at 17,400.
  • FIIs have sold shares worth Rs3009.26 crore (cash) and bought Rs2645.82 crore in index futures.
  • US markets close mixed. Asian markets are trading higher.
  • Brent crude was trading 1.34% up at $108.14 per barrel.
  • Tata Elxsi clocked 39 percent year-on-year growth in Q4FY22 profit at Rs 160 crore on healthy growth in revenue that increased 31.5 percent YoY to Rs 682 crore backed by strong double-digit growth in transportation, media and communications, and healthcare segments. EBITDA grew by 32 percent YoY to Rs 221.2 crore in the March quarter.
  • Kotak Mahindra Mutual Fund bought additional 21,566 equity shares in Persistent Systems via open market transactions on April 18. With this, Kotak MF's shareholding in the company stands increased to 5 percent, up from 4.97 percent earlier.
  • Infosys has completed the acquisition of Germany-based digital experience and marketing agency, oddity. Read More

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