LOANTAP FINANCIAL TECHNOLOGIES
Sterlite Technologies to continue to look for buyout targets
Anupam Jindal, chief financial officer at Sterlite Technologies, said the company would continue to look at inorganic growth opportunities that allow it to expand its customer offerings or give it access to new customers.
TCS grows at slowest pace among peers; profit flat
TCS is taking a hit on revenue growth due in large part to reduced spending by its largest...
Infosys may outpace TCS in top line growth in FY20
For Infy & HCL Tech, the faster growing verticals contributed more to the revenue than BFS...
Sensex ends higher for 2nd day in listless trade; Nifty holds above 12,350
Investors will be keenly eyeing the third-quarter earnings of the companies, and the forthcoming Union Budget for further cues.
Clarivate buys Piramal's healthcare analytics business for $950 million
With this acquisition, the over $5 billion Clarivate is expected to be well positioned in the $19 billion Life Sciences analytics market, which is enjoying double-digit growth, to support customers across the entire drug, device and medical technology lifecycle from research to outcome.
HCL Tech Q3 results preview: Modest profit growth likely; margins may decline
Anand Rathi expects HCL Technologies to post a profit of Rs 2,636.30 crore, a fall of 0.6%.
Dharavi residents oppose plan to re-invite redevelopment bids
Residents of Dharavi have decided to oppose any plan by the government of Maharashtra to re-invite bids for its ambitious project to redevelop Asia’s largest slum, in the centre of India’s financial capital, Mumbai.
Goldman Sachs says it sold out of Uber stake after IPO lockup expired
Chief Financial Officer Stephen Scherr said on the bank’s earnings call Wednesday that it closed its position in Uber in the fourth quarter last year. Goldman owned about 10 million shares of Uber at the time of the IPO, turning a $5 million wager using the firm’s own money back in 2011 into a major windfall.
Relief for financial firms as RBI allows video KYC
In a move that will enable banks and fintechs onboard customers remotely, RBI has amended its norms to allow the ‘know your customer’ (KYC) process to be completed through a mobile video conversation. The central bank has also facilitated eKYC and digital KYC by allowing use of Aadhaar or other e-documents in the customer due diligence process.
Share market update: NBFC stocks mixed; Reliance Capital rises 5%
The 30 shares BSE Sensex was down 287.24 points at 41665.39.
Stocks in the news: Infosys, YES Bank, D-Mart, Edelweiss Financial and Snowman Logistics
Drug firm Granules India is recalling over 2.3 crore ranitidine tablets.
Change to state land laws may make M&As in IT parks smooth
A recent amendment to Karnataka’s land laws is expected to help developers of technology parks, industrial estates and special economic zones (SEZs) as well as investors as it opens up opportunities in mergers and acquisition (M&A) deals.
Share market update: NBFC stocks mixed; Religare Enterprises jumps 5%
The 30 shares BSE Sensex was down 5.28 points at 41854.41.
Momentum generated by PMJDY needs to be taken forward: RBI
The National Financial Inclusion Strategies (NFIS) document for 2019-24 also said the digital infrastructure in the country needs to be expanded through better networking of bank branches, banking correspondent outlets, micro ATM, PoS terminals and stable connectivity.
Rupee opens 13 paise higher at 70.73 against dollar
The local currency rose for a fifth session in a row on Monday tracking optimism.
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