A new study by Tata Consultancy Services (TCS) crafted a compelling picture of Artificial Intelligence (AI) adoption within businesses. The comprehensive report, titled “TCS AI for Business Study,” reveals a strong focus on leveraging AI for revenue generation and innovation. Overwhelming Shift Towards AI-Driven Growth The study highlights a significant trend: more than 86% of …
On Wednesday, May 15, 2024, Cipla Ltd’s promoter group, including Shirin Hamied, Rumana Hamied, Samina Hamied, and Okasa Pharma Private Limited, sold over 2.04 lakh shares, or 2.53% of the company’s equity, through block deals. The company clarified in a stock exchange filing that the purpose of the sale was “to create liquidity for specific …
On May 14, 2024, Optiemus Infracom Limited, a growing player in the Indian infrastructure sector, announced a strategic investment in its Joint Venture cum Subsidiary company, Bharat Innovative Glass Technologies Private Limited (BigTech). This move highlights Optiemus’ commitment to advancing its presence in the high-growth mobile consumer electronics market. Supporting BigTech’s Growth Trajectory The Board …
On May 14, 2024, Exide Industries Limited (EIL), a leading player in the Indian battery industry, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This strategic move notes EIL’s commitment to expanding its footprint in the burgeoning lithium-ion battery market and supporting India’s electric vehicle (EV) revolution. Fueling Growth in …
IndiaMART InterMESH Limited, a leading B2B e-commerce platform in India, announced a strategic expansion of its holdings in Livekeeping Technologies Private Limited. This move underscores IndiaMART’s commitment to providing a comprehensive suite of Software as a Service (SaaS) solutions to empower businesses. Strengthening Position in the B2B SaaS Market Through this acquisition of an additional …
The benchmark index S&P BSE 500 opened today at 33,615.52 and made its day high at 33,694.63, and it is trading in green today, up by more than 0.20%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Cochin Shipyard Ltd …
On Wednesday, the benchmark indices were trading in the green with the Sensex up around 176 points or 0.24% at 73,280, while the Nifty-50 was up around 67 points or 0.30% at 22,285. About 2,382 shares have advanced; 686 declined and 90 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Biden Administration Raises Tariffs on Chinese Goods: A Move Toward Climate Goals In a strategic maneuver to bolster domestic manufacturing and address trade imbalances with China, the Biden administration has announced a significant increase in tariffs on key goods imported from the country. This move, detailed in a White House fact sheet, aims to incentivize …
Introduction The MSCI India Index undergoes a rejig in May, with several significant changes taking place. These alterations will be implemented from May 31, impacting various segments of the index. 13 Stocks Added to the Global Standard Index: Thirteen Indian stocks have been added to MSCI Inc.’s Global Standard Index during the quarterly review for …
On May 22, 2024, the Nifty 50 rose 0.31% and closed at 22,597, and the Sensex increased 0.36%, closing at 74,221. Top Gainers and Losers On the sectoral front, Nifty FMCG, Nifty Realty, Nifty Media and Nifty IT ended in the green. Meanwhile, Nifty Metal, Nifty Financial Services 25/50, Nifty Bank and Nifty Financial Services …
