On June 11, 2024, Persistent Systems Limited announced a significant expansion of its strategic partnership with Google Cloud. This long-term agreement strengthens their collaboration across key markets—the US, India, the UK, and Australia—with a unified focus on accelerating digital transformation for enterprises worldwide through next-generation AI solutions. The cornerstone of this partnership is leveraging Google …
Butterfly Gandhimathi Appliances Limited (Butterfly) announced that it has received a demand notice from the West Bengal Goods and Services Tax (GST) authorities. The notice, dated June 10, 2024, pertains to the assessment year 2019-20 and raises a demand of ₹97,553. Breakdown of the Demand: Tax: ₹42,137/- Interest: ₹25,416/- Penalty: ₹30,000/- Basis for the Demand …
On June 10, 2024, PNC Infratech issued exchange filings to both the BSE and NSE confirming the recent news time on the arrest of the NHAI GM by CBI for a bribery case of Rs. 10 Lakh in Madhya Pradesh. The company informed the exchange that the arrest was followed by a search conducted at …
Mphasis Limited, a leading provider of Information Technology (IT) solutions specialising in cloud and cognitive services, announced today a substantial advancement in its technology infrastructure. The company has adopted the HPE GreenLake cloud with HPE Alletra Storage to support its healthcare clients in the IT transformation journey. Elevating Healthcare Security and Performance: This strategic adoption …
The Oil and Natural Gas Corporation Limited (ONGC), founded by the Indian government on August 14, 1956, is a central public sector undertaking under the Ministry of Petroleum and Natural Gas. Headquartered in Delhi, ONGC is India’s largest government-owned oil and gas explorer and producer, responsible for approximately 70% of the country’s crude oil and …
The State Bank of India (SBI), the country’s largest public sector bank, is set to raise up to $3 billion through debt instruments in FY25. This move aims to strengthen its capital base and support its lending operations amid growing credit demand. Fundraising Details SBI’s board has approved the plan to raise funds through a …
The Indian equity markets have trimmed their gains and are trading with modest increases. The Nifty50 and Sensex have added 0.20% and 0.27%, respectively. Despite trimming gains from the day’s high, the NSE benchmark Nifty50 is trading above the 23,300 mark. A majority of the sectoral indices are trading in the green, led by Nifty …
The quick commerce company, Blinkit, is scheduled to receive fresh capital worth Rs. 300 Cr. This infusion is made by its parent company, Zomato, as the competition in the retail grocery segment intensifies. The latest apportionment marks Zomato’s total investment in Blinkit to a total of Rs. 2300 Crore. This highlights the growth in importance …
Cintra, a prominent foreign institutional investor, is set to sell approximately 5% of its stake in IRB Infrastructure Developers through a block deal. This transaction is expected to have significant implications for the market, given the size and value of the deal. Deal Details Shares on Sale: Around 1.75 crore shares of IRB Infrastructure are …
Transformers and Rectifiers (India) Ltd., a prominent player in the electrical engineering sector, has initiated a Qualified Institutional Placement (QIP) to raise Rs.500 crore. This strategic move to raise funds aims to strengthen the company’s financial position and support its growth objectives. Details of the QIP The QIP, valued at Rs.500 crore, is intended to …
