News Overview

On 9 December 2022

Tata Consultancy Services has been positioned as a Leader in the Gartner Magic Quadrant for IT Services for Communications Service Providers (CSPs), Worldwide. The report evaluates the ability to execute and completeness of vision of IT service providers. As per Gartner, ?Leaders are suited for most ITS-CSP engagements. They are market-leading in several digital business transformation capabilities. Powered by Capital Market – Live News

JSW Renew Energy Two, a step-down subsidiary, of JSW Energy has started phase-wise commissioning of 450 MW ISTS-connected Wind Power Project awarded under SECI tranche X at Tuticorin in Tamil Nadu with commissioning of the first phase of 27 MW. This is the companys first greenfield wind power project to be commissioned and is a testament of the groups project execution capabilities. The project has […]

Carborundum Universal has allotted 21,761 equity shares of Re.1/- each arising out of the exercise of stock options, granted to the option grantees of the Company under the Companys ESOP Plan 2016 on 4 December 2022. With this allotment, the paid up equity share capital has increased to Rs 18,99,03,613. Powered by Capital Market – Live News

Natco Pharma announced that Double Bench of the Honble High Court of Delhi has dismissed an appeal filed by FMC Corporation, FMC Singapore and FMC India and has upheld prima facie the Judgement of the Honble Single Judge that the Natco Chlorantraniliprole (CTPR) Process does not infringe FMCs Indian Patent 298645. Powered by Capital Market – Live News

Life Insurance Corporation of India has increased its shareholding in Housing Development Finance Corporation from 9,09,41,010 to 9,11,55,010 equity shares increasing its shareholding from 4.991% to 5.003% of the paid-up capital of the said Company. Powered by Capital Market – Live News

Shriram Finance (formerly Shriram Transport Finance Company) has allotted 1100 Senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCD) of face value of Rs. 10 lakh each aggregating Rs 110 crore on private placement basis on 05 December 2022. Powered by Capital Market – Live News

European stock markets were mostly lower on Monday, 05 December 2022, on caution ahead of the release of key activity data, with decline in food & beverage overshadowed gains in basic resources stocks. Investors focused on the release of the final November PMI data for the region, which are likely to show the Eurozone heading into a recession as the year comes to an end. […]

The WTI Crude oil futures rose today, as Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together called OPEC+ have held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. OPEC+ agreed to stick to their October plan to cut output by 2 million barrels per day from November through 2023. The […]

The equity benchmark indices ended almost flat on Monday, tracking mixed global cues. Traders were cautious ahead of the Reserve Bank of Indias policy outcome due on Wednesday, 7 December 2022. Metals, realty and PSU banks were in demand. However, IT, healthcare and oil & gas stocks were under pressure. The barometer index, the S&P BSE Sensex, fell 33.9 points or 0.05% to 62,834.60. The […]