The purpose of the fund raise is to meet future capital requirements towards onward lending, for assets under management’s growth and to meet capital adequacy ratios, sources said.
Brokerages are mixed on the TCS stock with Kotak Institutional Equities having an “add” recommendation, HSBC having a “hold” rating and Citi having a “sell” rating.
Multiplex chain operator PVR INOX said the board will consider a buyback of its equity shares having a face value of ₹10 each. The record date for the proposed buyback is yet to be determined.
While the framework has already been used during regular trading sessions and a weekly expiry cycle since its rollout on August 3, the monthly expiry carries far greater significance.
The brokerage said the debate over whether these emerging AI opportunities will be large enough to offset the ongoing deflationary pressure on legacy IT services remains unresolved in the near term. Against this backdrop, UBS said it remains selective rather…
Sensex Today | Stock Market LIVE Updates: The 50 stock index slumped further, towards 24,200. And once again, it’s the late CAS surge, which softened the blow. And as we go into this Nifty monthly expiry session, the hope would…
Indian technology companies have historically been among the biggest users of the H-1B programme, making any sharp increase in visa-related costs an important monitorable for the sector.
Nvidia’s shares fell for a seventh consecutive session, marking its longest losing run since 2022, after the chipmaker told customers it would raise prices on AI systems due to ship early next year.
The latest five-year notes carry a 5.8% coupon and come days after the lender priced a $600 million three-year international bond issue.
Tata Group’s Indian Hotels Company (IHCL) has approved an all-stock merger with associate firm Oriental Hotels (OHL), bringing seven South Indian hotels, including Taj Coromandel and Taj Fisherman’s Cove, fully under its control. For OHL shareholders, the deal offers a…