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Business Wire IndiaCyril Amarchand Mangaldas advised Vistaar Financial Services Private Limited (Vistaar); and its founders Mr. Brahmanand Hegde, and Mr Ramakrishna Nishtala (Founders), on the proposed acquisition of a majority stake in Vistaar by Warburg Pincus. Vistaar is a leading NBFC focused on lending to MSME businesses in India.   The General Corporate, Capital Markets, Competition Law Practices of Cyril Amarchand Mangaldas advised for Vistaar; […]

Nifty IT index closed down 0.90% at 28060.35 today. The index has added 5.00% over last one month. Among the constituents, L&T Technology Services Ltd fell 4.90%, HCL Technologies Ltd shed 1.34% and Infosys Ltd slipped 1.21%. The Nifty IT index has decreased 24.00% over last one year compared to the 4.92% fall in benchmark Nifty 50 index. In other indices, Nifty Metal index has […]

Business Wire IndiaClear, India’s leading fintech SaaS firm, today announced the launch of Clear Capture, an AI-based end-to-end solution for enterprises to streamline their accounts payable journey. The tool allows the Accounts Payable team of enterprises to automate purchase invoice entry and detect non-compliant and fraudulent invoices coming from their suppliers.   Clear Capture empower an enterprise’s AP team by automatically validating all their incoming invoices […]

Markets end the day in green

Record date is 11 November 2022

Crude oil prices rebound by 1% on Wednesday as risk sentiment was lifted by upbeat U.S. corporate earnings and rising equity markets. Investors jumped into riskier assets such as commodities amid gains in broader equity markets. Besides, tighter supply conditions as the OPEC+ production cut, which comes ahead of a European Union embargo on Russian oil, will squeeze supply in an already tight market, kept […]

The domestic equity benchmarks ended with minor gains on Wednesday, extending gains for the fourth trading session. Oil & gas, FMCG and financial services shares advanced while IT, metal and PSU bank stocks declined. The Nifty opened higher and hit the days high of 17,607.60 in the mid-morning trade. It briefly slipped into the negative terrain to hit the days low of 17,472.85 in late […]

At meeting held on 19 October 2022

HDFC Asset Management Company rose 2.05% to Rs 1,974 after the AMC reported 6% rise in net profit to Rs 364.13 crore on a marginal rise in total income to Rs 648.93 crore in Q2 FY23 over Q2 FY22.

Mahindra Logistics has allotted 10,866 equity shares of face value of Rs. 10/- each, fully paid up, on exercise of Restricted Stock Units (?RSUs?) under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018 (?RSU Plan 2018?). Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company has increased to Rs. 71,96,68,440/- (comprising of 7,19,66,844 equity shares of Rs. 10/- […]