HDFC Bank Limited, a leading Indian financial institution, announced a strategic investment in TruBoard, a prominent PropTech (property technology) company, through its subsidiary HDFC Capital Advisors Limited (HCAL). This move highlights HDFC’s commitment to fostering innovation within the real estate sector. Investing in the Future of Real Estate The investment involves the acquisition of 1,043 …
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand, and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the largest steel-producing companies in the world. The company has planned a Capex of Rs.17,000 …
IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution. The private bank has a market capitalization of more than Rs.50,000 crores. IDFC First Bank board has approved the plan to raise Rs.3200 crores of …
Subex, a leading provider of artificial intelligence (AI)-powered solutions for telecom companies, announced a significant contract win with a major European telecom operator. This five-year agreement, valued at approximately €1.1 million (USD 1.1 million), underscores Subex’s position at the forefront of telecom fraud management innovation. HyperSense AI/ML Platform to Combat Evolving Threats The contract entails …
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, unveiled the latest iteration of its legendary Splendor – the Splendor+ XTEC 2.0. This launch marks a momentous occasion, coinciding with the 30th anniversary of the Splendor, the world’s best-selling motorcycle. Modern Take on a Classic Legacy The Splendor+ XTEC 2.0 seamlessly blends the iconic …
The benchmark index S&P BSE 500 opened today at 33,408.12 and made its day high at 33,475.80, and it is trading in red today, down by around 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 4% today in a falling market. …
Domestic indices were trading in green today, with sectoral indices S&P BSE Realty, S&P BSE Utilities and S&P BSE Consumer Durables in the green. Significant losses were observed in the technology, information technology, and healthcare sectors. At 10:00 am, the BSE Sensex jumped 0.42% reaching a level of 74,195. The Nifty 50 index soared 0.34% …
On May 30, 2024, the Nifty 50 declined 1% and closed at 22,488, and the Sensex also dropped 1%, closing at 73,885. Top Gainers and Losers On the sectoral front, Nifty Media, Nifty Bank, and Nifty Private Bank ended in the green. Meanwhile, Nifty Metal, Nifty IT, Nifty Healthcare Index, and Nifty Pharma were declining. …
IT stocks ascend as the recent US Federal Reserve meeting signals rate cuts. Driven by robust US economic data, Indian IT companies anticipate increased business. The concurrent weakening of the Indian Rupee and the US economic strength further favour this upward trend. Triggers for uptrend Impact of US Fed Rate Cuts on IT Exports With …
The stock market is sensitive to global and domestic economic cues. So, when the rupee value fluctuates, it impacts investors’ sentiment and the share market performance. The current jittery market and weakening rupee have affected the Indian economy. But, if you think it spells doom for the Indian market, think again. Rupee depreciation means falling …
