TCS to buy Porsche’s IT consulting arm MHP for €320 million in AI push
The deal brings MHP’s 4,500 employees into TCS and is tied to a broader five-year partnership to deploy AI across Porsche’s engineering, manufacturing and operations.
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Explained | Why are Dixon Tech shares down despite a shot at new incentives
Despite being India’s largest electronics manufacturer, it isn’t obvious that Dixon would definitely be able to make the most of the new incentives, according to analysts.
Godrej Industries Group to invest ₹20,000 crore in Haryana, eyes 40,000 jobs
Godrej Industries Group has signed an MoU with the Haryana government to invest around ₹20,000 crore in the state, with the proposed investments spanning real estate and infrastructure and expected to create approximately 40,000 jobs.
Why this Murugappa Group stock is up 40% in two days
The sharp rally comes after promoter Tube Investments of India acquired an additional 2.7% stake in Shanthi Gears through block deals. Following the transaction, Tube Investments’ stake in Shanthi Gears has increased to 73.2%, from around 70.5% previously.
Stocks To Buy: Kotak upgrades this healthcare stock with nearly 30% upside
Kotak Institutional Equities has upgraded Narayana Hrudayalaya to ‘Buy’ with a target price of ₹2,350, implying nearly 29% upside from Friday’s close, citing strong hospital growth and improving prospects for its insurance businesses.
Tata Capital partners Japan’s Resona Bank to help Japanese companies tap India opportunities
Resona Bank will use Tata Capital’s network and local expertise to support Japanese companies looking to enter or expand in India.
Symbiotec Pharmalab says new segments could grow as large as API business as capex nears payoff
Symbiotec Pharmalab says its expansion into complex injectables and fermentation CDMO is nearing monetisation after years of investment, while the IPO proceeds will reduce debt and strengthen the balance sheet. How does the company plan to drive its next phase…
Piramal Finance board approves ₹1,750 crore preferential issue to promoter entity; shares slip
Piramal Finance’s board approved the issuance of up to 82.94 lakh warrants, with each warrant carrying the right to subscribe to one fully paid-up equity share of face value ₹2. The warrants will be issued at ₹2,110 each, including a…
LT Foods hit a 52-week high with extraordinary volumes
LT Foods shares hit a one-year high of ₹487, up 13% by midday on August 24. The rally coincides with gains in other basmati stocks too.
ASK Investment CIO sees large caps making a strong comeback, favours IT, pharma
George Joseph, CIO & CEO (Equity) at ASK Investment Managers, sees large caps making a strong comeback as FII selling eases, the rupee remains stable and India’s positioning among emerging markets improves. He favours private banks, IT and pharma, while…