TCS overtakes Accenture for first time since 2021 after historic selloff
A historic selloff in Accenture shares has allowed TCS to reclaim the title of the world’s most valuable IT services company for the first time since 2021.
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Amber Enterprises ties up with Oppo to manufacture phones for Oppo, OnePlus and Realme in India
Amber Enterprises has entered into a manufacturing partnership with Oppo Mobiles India to produce smartphones for Oppo, OnePlus, and Realme in India. The collaboration is aimed at scaling local production by combining brand expertise with Amber’s manufacturing and supply-chain strengths.…
Shaily Engineering Plastics promoter sells 4 lakh shares in ₹105 crore block deal
Shaily Engineering Plastics witnessed a ₹105.4 crore block deal on June 18, with promoter Vanita Nagda selling 4 lakh shares at an average price of ₹2,635.05 each.
Turtlemint Fintech raises ₹397 crore from anchor investors ahead of IPO launch
The company allotted 2.61 crore equity shares to 32 anchor investors at a face value of ₹1 per share, including a share premium of ₹151 per share.
Nifty Outlook for June 19: Reliance, IT stocks hold key for Friday’s trade
Heading into Friday’s session, IT stocks will remain in focus after Accenture shares plunged 19% in their biggest one-day decline on record. The selloff came after Accenture trimmed the upper end of its annual revenue growth forecast on June 18.…
India has plenty of bonds. So why is investing in them still so difficult?
India’s corporate bond market has grown to nearly ₹59 trillion, but experts say the bigger challenge is not supply. It’s making bonds easier to buy, sell and understand for ordinary investors.
Diamond Power Infra doubles QIP size to ₹2,000 crore to meet public shareholding norms
Diamond Power Infrastructure’s board has approved a fund raise of up to ₹2,000 crore through the QIP route, doubling the previously approved limit as the company seeks to meet SEBI-mandated minimum public shareholding norms.
Dow, S&P 500, Nasdaq rise as Iran deal eases Fed policy concerns
US stocks rose as optimism over the US–Iran peace agreement improved risk sentiment and supported broader market gains.The Dow, S&P 500, and Nasdaq also advanced as investors weighed a cautious Federal Reserve rate outlook.
What’s likely to move markets in the next trading session on June 19?
IT stocks will also be in focus after the American Depositary Receipts (ADRs) of Infosys and Wipro fell about 4.5% in pre-market trading following Accenture’s third-quarter results, where the company marginally missed revenue estimates.
Wipro to acquire additional 20% stake in Aggne Global IT Services for $2.1 million
Shares of Wipro Ltd ended at ₹182.80, down by ₹1.65, or 0.89%, on the BSE.