KPIT Technologies Q4 Results Live : profit rise by 47.27% YOY
KPIT Technologies Q4 Results Live : Revenue increased by 29.53% YoY & profit increased by 47.27% YoY Key Points
mintNCLAT stays NCLT order in Dream 11 case, directs IRP not to take any step till Feb 23
The National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT Mumbai bench's order to initiate a Corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, the operator of the fantasy sports platform Dream11. The stay will remain in effect until the next hearing on February 23. Key Points
Economic TimesDixon Technologies stock hits all-time high after subsidiary bags Lenovo contract
As of 9:20 am, Dixon Technologies was trading at Rs 6,691.90, marking a 5.02 percent increase on the Bombay Stock Exchange (BSE). However, the stock pared some gains to trade 2.71 per cent higher at Rs 6,544.65 apiece at around 12:07 pm. Key Points
India TodayInvestor frenzy! Tata Technologies' Rs 3,000-crore IPO flooded with Rs 1 lakh-crore bids
The shares of Tata Technologies are in high demand in the unlisted market, commanding a premium of over 80% as compared to the IPO price. Analysts are overwhelmingly positive on the issue and picked it as the standout among all the other offers which hit the Street this week. Tata Technologies is a pure-play manufacturing-focused engineering research and development (ER&D) company, primarily focused on the automotive industry. Key Points
Economic TimesProtean eGov Technologies IPO: Firm mobilises ₹143.5 crore from anchor investors ahead of issue
Protean eGov Technologies IPO: Formerly known as NSDL E-Governance Infrastructure, the company has allotted 18.12 lakh equity shares to 18 funds at ₹792 apiece. Key Points
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Automakers bet on more than just AI to make automobiles 'gadget-like'
The automobile industry is among the few sectors that have adopted AI and Metaverse to revolutionize sales and promotion. Bots will become more versatile and intelligent, handling structured and unstructured tasks. As a result, organizations will achieve greater productivity levels and uncover valuable business insights, said Hasit Trivedi, Chief Technical Officer (CTO) of Digital Technologies and Global Head - AI, Tech Mahindra. Key Points
Economic TimesTata Motors committed to zero emissions by 2045, says Executive Director Girish Wagh
Tata Motors is committed to achieving net zero greenhouse gas emissions by 2045 and is investing in multiple technologies, including electric and hydrogen fuel, to achieve this goal. The company plans to migrate its facilities to zero-emission Technologies gradually. Tata Motors has signed a memorandum of understanding with the government of Jharkhand to establish a manufacturing facility for these technologies. Key Points
Economic TimesGulf states spending big on AI: Opportunity or oppression?
Saudi Arabia and the UAE are becoming some of the world's biggest spenders on artificial intelligence. At the same time, concern about AI's misuse in authoritarian states is also increasing. Key Points
The Indian ExpressSunil Singhania portfolio stock posts 16% PAT growth in Q4, Board recommends ₹7 per share dividend
Dynamatic Technologies is a small cap industrial company that recorded a market cap of ₹2,344.07 Cr during today's closing session. Key Points
mintMultibagger stock Shilchar Technologies declares 100% dividend, scrip up over 370% in 1 year
Shilchar Technologies, a small cap firm, closed Friday's trading with a market valuation of ₹728.70 Cr. Key Points
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Tata Tech's m-cap tops that of sister co Elxsi, L&T Tech & KPIT on Day 1
Analysts said the 163% surge on the opening day has made Tata Technologies a more expensive bet than some of these rivals with a more diversified client base. But the bet could pay off if investors have the patience to hold the stock for a longer period, they said. Key Points
Economic TimesMultiple green Technologies in cars to help meet carbon neutrality targets in India: Toyota
In an interaction here, senior Toyota executives emphasised on the need to treat all Technologies fairly to achieve carbon reduction goals. Toyota Daihatsu Engineering and Manufacturing Co-Executive Vice President Pras Ganesh said India is large enough to utilise multiple solutions, including hybrid and battery electric technologies. Key Points
Economic TimesIt's important to de-risk global economy in era of volatility and uncertainty, says S Jaishankar
External Affairs Minister S Jaishankar has said that the India-EU Trade and Technology Council (TTC) is a significant milestone in the strategic partnership between India and the European Union. The meeting, co-chaired on the Indian side by Jaishankar, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. Key Points
Economic TimesDream11's parent company challenges insolvency petition in NCLAT appeal
On Tuesday, Sporta Technologies, the parent company of Dream11, lodged an appeal with the National Company Law Appellate Tribunal (NCLAT) in Delhi, challenging the National Company Law Tribunal (NCLT) Mumbai's recent decision to accept an insolvency petition. The insolvency petition, filed by Reward Solutions' resolution professional, alleged that Sporta Technologies defaulted on dues amounting to Rs 7.61 crore. I Key Points
Economic TimesAfter rallying over 600% in 1 year, multibagger IT stock declares 1:10 stock split
Small-cap firm Sylph Technologies operates in the IT industry and has a market valuation of ₹52.15 Cr. Key Points
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Vanguard slashes Ola valuation by 29% to below $2 billion
US investment major Vanguard has marked down the fair value of Ola's parent ANI Technologies to $1.88 billion. This is 29% lower than its previous fair value of $2.65 billion. Funds managed by Fidelity reduced the valuation of Meesho and Pine Labs. Invesco increased Swiggy's valuation by 9% to $8.5 billion. Key Points
Economic TimesTata Technologies joins AUTOSAR as premium partner
Tata Technologies has become a premium partner in AUTOSAR, a development partnership of car manufacturers, suppliers and other firms aimed at standardising software architecture for vehicle electronic control units. The move is designed to improve efficiency and integration while reducing costs across the sector. Key Points
Economic TimesAvalon Technologies IPO Day 2: Retail investors bid 0.45 times, issue 9% subscribed; GMP falls
Avalon Technologies IPO has been subscribed 0.09 times on Day 2. Key Points
FinancialexpressAvalon Technologies IPO Day 1: Retail investors bid 0.16 times, issue 3% subscribed
Avalon Technologies IPO has been subscribed 0.03 times on Day 1. Key Points
FinancialexpressIndia, UAE to collaborate in fields of industries, advanced technologies; MoU inked
India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to collaborate in the sharing and development of industries and advanced technologies. The MoU aims to strengthen industries in both nations through investments, technology transfer, and the deployment of key technologies. The areas of cooperation include supply chain resilience, renewable energy, health and life sciences, space systems, artificial intelligence, and industry 4.0 technologies. Key Points
Economic Times
MoS Agri pitches for mass adoption of new farm Technologies for achieving $5 trillion economy
Kailash Choudhary, Minister of State for Agriculture, believes that mass adoption of new Technologies like drones, artificial intelligence (AI), and precision farming in the agriculture sector is necessary for India to reach the USD 5 trillion economy. Choudhary also urged scientists to identify untapped areas such as rain-fed districts, empowering farmers with new agricultural technologies. 6-7%. Key Points
Economic TimesProtean eGov Technologies share price makes a flat debut; shares list at ₹792 apiece on BSE
Protean eGov Technologies share price made a flat debut on the BSE on Monday. Protean eGov Technologies IPO GMP today is +48, indicating a premium of ₹48 in the grey market. Key Points
mintTata Technologies IPO Day 3: Subscription status on last day, GMP. Should you apply?
Tata Technologies IPO got oversubscribed heavily within hours of opening amid strong interest from investors across the board. The enthusiasm over Tata Technologies IPO is huge as it is the first IPO from the Tata Group in nearly two decades. Key Points
mintMutual funds, LIC-owned multibagger stock: Dixon Technologies gives share price rises 1300% in 5-year
Multibagger stock: Mutual funds owns a 17.39% stake in Dixon Technologies (India) Ltd whereas LIC owns a 2.83% stake in this Noida-based company Key Points
mintIT stocks' rally overdone, says Jefferies; Infosys among 3 top picks
Jefferies has taken a 'Hold' view on Tata Consultancy Services (TCS), HCL Technologies and LTI MIndTree while an 'Underperform' stance on Wipro and Tech Mahindra. Jefferies' estimates on the IT sector hinge upon the takeaways from its conversations with managements of seven domestic IT firms who have acknowledged that the demand uncertainty will linger, going forward. Key Points
Economic Times
NCLT admits insolvency resolution plea against Dream11 sports platform's owner Sporta Technologies
The tribunal appointed Madan Bajrang Lal Vaishnawa as the interim resolution professional to conduct the insolvency resolution process. Piyush Jani, the resolution professional for Reward Solutions, had approached the NCLT to initiate insolvency proceedings against Sporta after the company defaulted on its dues of about Rs 7.61 crore. Key Points
Economic TimesTata Technologies to boost hot Indian IPO market on trading debut
The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the countrys economic growth. The frenzy reached a fever pitch last week when first-time share sales from five issuers, including Tata Technologies, garnered a combined Rs 2.5 trillion in application amount. Key Points
Economic TimesZebra Technologies beats quarterly profit expectations, sees soft demand
Barcode scanner maker Zebra Technologies Corp (ZBRA.O) beat third-quarter profit and revenue estimates on Tuesday but forecast a bigger-than-expected drop in the fourth-quarter net sales due to slowing tech spending in a tough economy. Key Points
ReutersNvidia set to reveal new AI Technologies at annual conference
Nvidia has come to dominate the field for selling chips used to developing generative AI technologies. The company will unveil its latest tech at a conference on Tuesday. Key Points
The Indian ExpressTata Technologies leads the IPO bumper listing, Gandhar Oil, FedFina shares follow the suit
While Tata Technologies shares more than doubled investors' money upon listing, Gandhar Oil shares were also listed at a hefty premium of 76.33%. Fedbank Financial Services shares also gained momentum and traded higher after making a tepid debut. Key Points
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Sandhar Technologies Q4 Results Live : profit rise by 47.44% YOY | Company Business News
Sandhar Technologies Q4 Results Live : Revenue increased by 19.98% YoY & profit increased by 47.44% YoY Key Points
mintUS lawmakers urge Yellen to speed up China outbound investment rules
The Republican and Democratic leaders of a U.S. congressional committee on China urged Treasury Secretary Janet Yellen to urgently implement outbound investment restrictions on the country, warning that Beijing was using American capital to develop Technologies as her department debated new rules. Key Points
ReutersTata Power Renewable Energy to set up 12.5 MW captive solar plant in Maharashtra
New Delhi, Oct 16 (PTI) Tata Power Renewable Energy Ltd (TPREL) on Monday said it has signed an agreement with Endurance Technologies Ltd for setting up a 12.5 MW captive solar plant in Maharashtra. It has already signed a Power Delivery Agreement (PDA) with Endurance Technologies Ltd through a Special Purpose Vehicle (SPV) TP Green […] Key Points
ThePrintTrai seeks views on policy framework for economic development driven by 5G ecosystem
The regulator said that in the case of the metaverse, these problems are likely to get significantly worse because the technology will not just track where users click, but where they go, who they are with, what they do, what they look at, even how long their gaze lingers. In the consultation paper, Trai has sought views on the need to develop a regulatory framework for the responsible development and use of Metaverse. Key Points
Economic TimesNetweb Technologies IPO opens for subscription. Should you bid?
The company is offering its shares in the price range of Rs 475-500, and at the upper end, the valuation is at a P/E of 55-59x. The IPO will fetch Rs 631 crore at the upper end of the price band. Key Points
Economic Times
Breakout Stocks: What traders should do with Zensar Technologies, Suzlon and Dixon Tech that was up over 3
Indian market closed in the red for the second day in a row while S&P BSE Sensex fell nearly 200 points and Nifty50 closed below 18500 levels. Zensar Technologies, Suzlon, and Dixon Technologies were in focus with the former showing bullish patterns on the daily chart, the latter a weekly trend uptick and Dixon showing big breakout moves above 3120m levels after multiple rejections on daily time frames. Key Points
Economic TimesAvalon Technologies makes poor stock market debut after IPO, tumbles over 10%
Soon after its listing, Avalon Technologies was trading flat at Rs 436 apiece, but it slipped further to Rs 391 by 1:15 pm, down 10.44 per cent. Key Points
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