Infosys, HCL Tech, Inox, Cyient, Zee Entertainment are in Focus
IT services company Infosys reported a 13.4% yearly raise in net profit in Q3FY23 to Rs 6,586 crore, up from Rs 5,809 crore, increasing its...
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Wakefit Raises Rs 320 Crore in Series D Funding
Direct-to-consumer brand Wakefit has raised Rs 320 crore in a Series D round led by Bahrain-based alternative investment firm Investcorp. Other existing investors Sequoia Capital...
RVNL Soars on Bagging LoA for Rs 39 Crore Project
After the company was informed about the letter of award (LoA) by Southern Railway for automatic block signalling in Chennai, Rail Vikas Nigam surged 4.22%...
LTTS Buys SWC Business from Parent for Rs 800 Crore
L&T Technology Services (LTTS), a construction giant Larsen & Toubro subsidiary, has agreed to acquire the Smart World & Communication (SWC) business from its parent...
HCL Tech Q3 PAT Rise 17.4% YoY, TCV at $2,347 Million
On a consolidated basis, the net profit of HCL Technologies reported a 17.4% to Rs 4,096 crore on an 8.2% increase in revenues to Rs...
Cognizant Names Former Infosys President Ravi Kumar as New CEO
On Thursday, Nasdaq-listed Cognizant Technology Solutions said it had appointed Ravi Kumar S as chief executive officer and board member, effective immediately. Kumar will succeed...
Rekha Jhunjhunwala Jumps Stake in Tata Group Stock on December 2022
Retail investors and market observers follow ace investors’ portfolios to know the direction in which smart money is moving. In Q3FY23, Rekha Jhunjhunwala raised her...
Sebi Specifies AIF Investment Norms in CDS
The Securities and Exchange Board of India (Sebi) has allowed alternative investment funds to participate in credit default swaps (CDS) to protect buyers and sellers....
Goat Brand Labs Acquires 80% Stake in Chumbak for Rs 120 Crore
Roll-up e-commerce startup Goat Brand Labs has acquired an 80% stake in the home and lifestyle brand Chumbak, CEO and co-founder Rishi Vasudev told FE....
Stocks to Buy for Friday, January 13,2023
In the previous session, market had a corrective move with a negative bias throughout the day. Nifty index opened on a flat note but soon slipped...