Happiest Minds named major contender in North American cybersecurity assessment, shares dip 

Bengaluru-based IT firm Happiest Minds Technologies Limited has been recognized as a ‘Major Contender’ in Everest Group’s Cybersecurity Services PEAK Matrix Assessment 2024 for North America, the company announced today. The shares of Happiest Minds Technologies Limited were trading at ₹772 down by ₹16.35 or 2.07 per cent on the NSE today at 3.21 pm….

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LTIMindtree unveils AI-powered insurance underwriting solution, shares in red 

LTIMindtree, a global technology consulting firm, launched its ‘AI-Smart Underwriter’ solution today in collaboration with ServiceNow, aimed at modernizing insurance underwriting processes. The new platform combines artificial intelligence and automation to streamline risk assessment and policy decisions. The shares of LTIMindtree Limited were trading at ₹5,892.80 down by ₹50.30 or 0.85 per cent on the…

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Broker’s call: City Union Bank (Buy)

Target: ₹185 CMP: ₹168.50 The management has indicated the growth visibility has improved post the implementation of new initiatives and tech overhaul. Currently, the pick-up in growth has been in the traditional segments of MSME and Gold loans, led by strong demand. This momentum is likely to continue, as the management expects CUB’s credit growth…

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Broker’s call: Ultratech Cement (Add)

Target: ₹12,190 CMP: ₹10817.35 Ultratech Cement’s Q2-FY25 consolidated sales volume grew by about 4 per cent y-o-y to 32mt. As per Ultratech Cement, H1 was below par due to heat wave, general elections in India and higher monsoon rains during the year. However, it expects 2HFY25F to be better, with rural demand already showing signs…

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SEBI whole-time member raises concern on F&O, SME IPO frenzy

A senior SEBI official reiterated the regulator’s concern on the increased retail participation in derivative products and SME IPOs. “Increased retail participation in derivative segment and other risky products is a matter of concern. While it signifies growing confidence among individual investors, it also necessitates caution and the need for continuous investor education,” Ashwani Bhatia,…

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EaseMyTrip, CARS24 partner in week-long cross-promotional campaign, shares tumble 5% 

India’s online travel platform EaseMyTrip has teamed up with AutoTech company CARS24 in a promotional partnership running from October 15-22, 2024. Under the collaboration, one EaseMyTrip customer will win a pre-owned car valued between ₹3-5.5 lakhs, while CARS24’s highest spender during the campaign period will receive a complimentary Goa vacation package. The shares of Easy…

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