The global economy contends with the dual challenges of inflation and diminished growth prospects. Immediate uncertainties lean towards the downside, encompassing geopolitical tensions post-Hamas’ attacks on Israel and the potential magnified impact of monetary policy tightening. Conversely, a more positive trajectory could unfold if households opt to deploy a significant portion of the savings amassed …
Software firm Freshworks on Wednesday became the first Indian SaaS firm to get listed on Nasdaq, the American stock exchange when it launched a $1-billion-dollar initial public offering. The company is a software-as-a-service firm and is based in San Mateo, California although it has a significant staff in Chennai. The Indian SaaS company’s debut on …
Vehicle sales in India during the 42-day festive period surged 19% to a record high of 37.93 lakh units. This is a significant increase from the 31.95 lakh units sold during the same period last year. Vehicle sales growth All segments of the auto industry saw growth during the festive period, with two-wheelers, three-wheelers, commercial …
At 2 pm, Aurobindo Pharma shares were trading at Rs 1,038, up by 1.65% from its previous closing of Rs 1,021.15 on the BSE. Receiving USFDA approval Aurobindo Pharma’s wholly owned subsidiary, Eugia Pharma Specialities has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Budesonide Inhalation Suspension, 0.5 …
In a groundbreaking move, Netweb Technologies India Limited has solidified its position as a manufacturing partner for NVIDIA, a global technology leader, and is set to produce a range of AI systems under its Tyrone series. The focus of this collaboration is the integration of the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip …
Archean Chemical Industries Ltd has been granted approval by the Securities Exchange Board of India to raise funds via an initial public offering. The IPO consists of a fresh issue for Rs 1,000 crore and a 19.07 million share offer for existing shareholders and promoters to sell. Chemikas Speciality LLP would hold up to 5.30 …
India faces a huge surge of coronavirus cases and Monday alone saw over three lakh new Covid cases and 2771 deaths over 24 hours. Several states have been announcing a series of curbs and lockdowns, which may impact economic activity. Will the second surge affect corporate earnings? As many as 28 firms, including large cap …
Tata Consultancy Services (TCS) has been selected by the Department for Education (DfE) to administer and further enhance customer experiences for the Teachers’ Pension Scheme in England and Wales. The Teachers’ Pension Scheme is the second largest public sector pension scheme in the UK with over 2 million members. TCS has been awarded a 10-year …
The SENSEX seems to be on a festive mood over the new COVID-19 vaccine announcement. Both SENSEX and NIFTY clocked gains after American drug manufacturer Pfizer announced the much-awaited COVID-19 vaccine. The share price of the Indian arm of Pfizer gained 19.46 percent in SENSEX during intraday before closing at 2.66 percent in the green. …
Reliance Industries (RIL), news reports suggest, is in talks to buy local search engine Justdial from its founding promoters for $800 to 900 million (Rs 5,920 to Rs 6,600 crore). Reportedly, the two sides have been in talks ever since April. News reports suggest that an official announcement is expected on July 16, following a …
