At the close of the trading session on August 21, 2024, the Nifty 50 and Sensex were up by 0.29% and 0.13% closing at 24,770 and 80,905, respectively. Top Gainers and Losers Regarding sectors, Nifty Consumer Durables, Nifty FMCG, Nifty Media, and Nifty Pharma saw gains. On the other hand, Nifty Realty, Nifty PSU Bank, …
Persistent Systems, a global leader in Digital Engineering and Enterprise Modernisation, has once again been positioned as a Challenger in the Gartner Magic Quadrant for Public Cloud IT Transformation Services. This recognition marks the company’s fourth consecutive year in the report, underscoring its exceptional cloud expertise, which encompasses consulting, application development, migration, cybersecurity, and automation. …
On August 08, 2024, Cyble, a leader in AI-powered threat intelligence, announced a partnership with Wipro Limited, a major technology services and consulting company. This collaboration aims to improve enterprise cybersecurity by combining Cyble’s AI and automation tools with Wipro’s global security and compliance expertise. The partnership will provide security teams with enhanced insights and …
Jindal Steel has successfully diversified its coking coal sources to lower risks and reduce costs. In line with the Indian government’s goal of producing 300 million tonnes of steel by 2030 and the Steel Ministry’s push for varied coking coal sources, Jindal Steel has started sourcing coking coal from Africa and Southeast Asia. This move …
India’s Reliance Industries Ltd. (RIL), which operates the world’s largest refining complex, plans to partially pay for crude oil purchases from Venezuela using naphtha supplies, according to the reports. This decision follows U.S. approval granted in July 2024, allowing the company to resume oil trade with the sanctioned South American nation. Background Reliance had to …
NBCC: A Legacy of Excellence in Construction Established in 1960 as a Civil Engineering Enterprise of the Government of India, NBCC (National Buildings Construction Corporation) has evolved into a leading player in the construction sector. Headquartered in Delhi, the company holds the prestigious status of a Navratna Central Public Sector Enterprise (CPSE). Over the decades, …
Ola Electric’s Tepid Market Debut On Friday, Ola Electric Mobility’s much-anticipated shares made their debut on the stock exchanges with a rather flat performance, listing at nearly par value on both the NSE and BSE. Specifically, the stock opened at Rs 75.99 on the BSE and Rs 76 on the NSE. While this was slightly …
Global investment firm Blackstone has announced that it is set to sell 330 million units of its REIT firm, Nexus Select Trust, in a block deal valued at nearly Rs.4,500 crore, according to the reports. The transaction is expected to take place today at a floor price of Rs.135 per unit, marking a 6.3% discount …
Nazara Technologies Ltd., India’s premier gaming and sports media company, has acquired UK-based IP gaming studio Fusebox Games in an all-cash deal worth Rs 228 crore. The acquisition bolsters Nazara’s portfolio with Fusebox’s popular interactive story games and IPs. Nazara Technologies Acquires Fusebox Games in Rs 228 Crore Deal Nazara Technologies Ltd., India’s only publicly …
On Thursday, Power Finance Corporation (PFC) announced it has successfully obtained a long-term loan of 25.5 billion Japanese yen (approximately Rs 147 crore) from the Japan Bank for International Cooperation (JBIC). This significant funding is part of JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) initiative, aimed at supporting sustainable energy projects. …
