Nestlé India announced today the introduction of new CERELAC variants without refined sugar as the infant food brand celebrates 50 years in the Indian market. The company will expand its CERELAC range to 21 variants, 14 of which will be refined sugar-free. Seven of these new variants will be available by November 2024. The shares…
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….
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…
Capital market regulator SEBI has made it mandatory for asset management companies (AMCs) to disclose details of the holdings of designated persons of AMCs, trustees and their immediate relatives on aggregate basis from November 1 every quarter. The holdings as on October 31 will be disclosed on the platform of the stock exchanges by November…
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…
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…
Competition Commission of India (CCI) has given its nod for Bharti Airtel’s shareholding increase in Indus Towers post latter’s recent buy back of equity shares. Post the transaction, Indus Towers has become a subsidiary of Bharti Airtel. “CCI approves an increase in the percentage shareholding of Bharti Airtel in Indus Towers pursuant to buy back…
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,…
Benchmark indices fell over a per cent on Tuesday to their lowest in over two months on rise in US bond yields, sustained selling by foreign investors and disappointing domestic earnings. Lofty valuations, tensions in West Asia and “Buy China, Sell India” trade have triggered an exodus of hot money this month. Monthly selling by…
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…
