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Business, Market News, Markets - May 30, 2019

Tech Mahindra collaborates with MKI to address the shortfall of SAP-skilled workforce

On 28th May 2019, Tech Mahindra publicized its alliance with Mitsui Knowledge Industry (MKI). The collaboration is in order to develop next-generation digital enterprise solutions, in the Japanese market. Tech...
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BIG casualty. ADAG to sell Radio Unit
Business, Market News, Markets - May 29, 2019

BIG casualty. ADAG to sell Radio Unit

Anil Ambani is on a mission to save his debt-laden company, sells another unit of the company. Reliance Capital Group has divested its entire stake in the radio network Big...
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Anthropic Reaches $3 Billion in Revenue During AI Surge!
Business, Markets, Research, Result Updates - May 29, 2019

State Bank of India can be the biggest gainer of the new monetary policy

State Bank of India's (SBI) Net Interest Income (NII) delivered strong growth of 15% YoY at Rs 22,954 crs FY19 and delivered 1% QoQ increase. GNPA witnessed an addition of...
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Indian IT sector under threat from changing H1B visa environment
Business, Market News, Markets - May 28, 2019

Indian IT sector under threat from changing H1B visa environment

The US has adopted tough measures to regulate the H-1B visa policy. The move by the US government is pressurizing the margins of Indian IT companies. Due to new norms,...
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Indian Pharma to gain from Trump 2.0
Business, Market News, Markets - May 27, 2019

Revival plan in motion, Sun Pharma plans to develop its own patent drugs

Mr Dilip Sanghvi, the MD & CEO of Sun Pharmaceutical Industries Ltd., has decided to go forward with the company operations with a fresh perspective. Sun Pharma is planning to...
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Giva Raises Fresh Capital to Strengthen Jewelry Business, Valued at ₹3,950 Crore
Banking, Business, Economy, Market News, Markets - May 27, 2019

RBI releases draft norms on Liquidity Risk Management for NBFCs and Core Investment Companies

On 24th May 2019, the Reserve Bank of India (RBI) suggested changes in the Asset Liability Management (ALM) framework for Non-Banking Financial Companies (NBFCs) and Core Investment Companies (CICs) in...
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Can India’s Private Sector Growth Sustain Itself Amid Cooling Momentum?
Business, Market News, Markets - May 25, 2019

Jet Airways plummets 8 percent as Etihad and Hinduja fails to arrive at consensus

The stock of the debt-ridden airline, Jet Airways plunged 8% on reports of a failed deal between Etihad & Hinduja group. On May 24, 2019, Jet Airways hit an intraday...
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Battery Storage Win Powers Acme Solar’s Stock Surge
Business, Market News, Markets - May 24, 2019

Gujarat solar auction allocates 250-Megawatt solar power to Tata power

Amongst the bidders for 250 megawatt (MW) solar power auction, Tata Power Renewable Energy emerges as a winner. On 22nd May 2019, an auction was held in Gujarat by the...
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HDFC Bank Q1 Result Update: Profit rises 19% YoY to Rs 9,196 crore; NII up 15%
Business, Market News, Markets - May 24, 2019

HDFC Bank stock set to split after board approval

The largest bank in India, Housing Development Finance Corporation Bank (HDFC), has received the Board's approval for share-split. On May 22, 2019, HDFC Bank informed the exchange about the approval...
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Deutsche Bank Entities Reduce Yes Bank Stake: Market Implications and Strategic Shifts
Business, Market News, Markets - May 24, 2019

Yes bank finally makes provisions for ADAG and Essel group exposures

Yes Bank is a day late and a dollar short to make provisions, nevertheless the process has been initiated. Reliance Anil Dhirubhai Ambani Group (Reliance ADA Group) and Essel Group,...
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