Yes Bank gets CCI approval for SMBC to acquire up to 24.99% stake
CCI approved Sumitomo Mitsui Banking Corporation’s acquisition of a larger stake in Yes Bank, following RBI’s nod for the Japanese lender to raise its holding to 24.99%.
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Quadrant Future Tek bags ₹129-crore RailTel order for Kavach system in East Central Railway
The order, valued at ₹128.91 crore (including taxes), involves the supply, installation, and commissioning of Kavach equipment across 607 route kilometre (RKM) of low-density railway tracks. The execution timeline for the contract is 24 months. Shares of Quadrant Future Tek…
UPL announces $502 mn internal realignment as Advanta Mauritius acquires Decco Holdings UK
UPL’s subsidiary Advanta Mauritius approved a $502 million acquisition of Decco Holdings UK, marking an internal restructuring of UPL’s post-harvest and seed businesses.
DCM Shriram, Aarti Industries announce long-term strategic agreement for chlorine supply
Shares of DCM Shriram ended 1.16% in the green in the session on Tuesday, September 2. The stock has jumped close to 11% in the year so far. Shares of Aarti Industries also ended over a percent in green on…
BHEL wins GST case with ₹31-crore tax demand quashed
The case pertained to a show-cause notice issued on December 26, 2023, under Section 73 of the CGST Act, 2017, involving a demand of ₹31.20 crore along with applicable interest and penalty. Shares of Bharat Heavy Electricals Ltd ended at…
SEBI comes out with new framework for monitoring intraday position in index options
Under the new framework, the net intraday position has been capped at ₹5,000 crore per entity in index options as against the end-of-day limit of ₹1,500 crore, SEBI said in a circular.
HDFC Bank invests in Indian quantum cybersecurity start-up QNu Labs
The investment is part of HDFC Bank’s focus on supporting indigenous technology initiatives aimed at enhancing digital security.
Crypto corner: Solana’s Lily Liu sees blockchain as core to future of finance
Lily Liu, President of the Solana Foundation pointed out that blockchain’s global accessibility means countries need to decide how to incorporate it into their financial systems.
E2E Networks bags ₹177-crore order from MeitY’s IndiaAI mission
E2E Networks has bagged a ₹177 crore order from MeitY’s IndiaAI Mission to provide advanced GPU resources for building India’s foundational AI model. Shares of the company ended higher on Tuesday (September 2) by 5.86% to 2,403.10 on the NSE.
TCS secures €550 million, 7-year deal with Tryg for digital transformation
As part of the deal, TCS will deploy its suite of artificial intelligence (AI) and cloud-based solutions to streamline Tryg’s IT landscape. Shares of Tata Consultancy Services Ltd ended at ₹3,112.00, down by ₹0.60, or 0.019%, on the BSE.