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Mint

Stock market today: Biocon, PNB, SAIL among 12 stocks in F&O ban list on September 20

Aarti Industries, Biocon, Birlasoft, Chambal Fertilisers, GNFC, Granules India, LIC Housing Finance, National Aluminium, Oracle Financial Services, PNB, RBL Bank, and SAIL are the twelve stocks on the NSE's F&O ban list on September 20.

Business Standard

Combined value of top 75 brands up 19% to $450.5 bn, TCS tops chart: Report

The combined valuation of India's top 75 valuable brands has gone up at an "impressive growth" rate of 19 per cent to USD 450.5 billion, according to the Kantar BrandZ report. India's leading IT firm TCS remained the most valuable brand for the third straight year, folllowed by HDFC Bank, Airtel, Infosys and SBI, the report said. "With a brand value of USD 49.7 billion, TCS has seen a 16 per cent rise versus last year, driven by investments in innovation, particularly in AI and digital transformation," it said. Brands across business sectors have fuelled the growth, with 54 brands boosting their brand value over the past year, according to the Kantar BrandZ MostValuable Indian Brands Report. "This impressive growth outpaces most other BrandZ rankings globally and closely mirrors the 20 per cent increase seen in the Global Top 100," it said. Financial services brands dominate the list as 17 brands contributed 28 per cent of the ranking overall brand value. HFDC Bank is second with

The Economic Times

Trai tightens quality of service norms

TRAI has mandated telecom companies to submit compliance reports from October 1, despite opposition. The new rules aim to improve service quality and impose higher penalties for non-compliance. Telcos must report quarterly on fixed, wireless, and broadband services, with increased fines for rule violations.

Business Standard

Infosys to help Posti spruce up customer experience, efficiency with AI

Indian IT services company Infosys on Thursday announced it is extending strategic collaboration with Posti to enable the delivery and logistics services provider in Finland, Sweden and the Baltics to enhance customer experience and operational efficiency. Infosys will adopt an AI-driven approach powered by Topaz, its AI-first offering using generative AI technologies, to empower Posti with operational efficiencies and service quality. Infosys Cobalt will leverage its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services for enterprises to drive their cloud journey, and enhance business productivity. "Infosys today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden and the Baltics," the release said. Over the last five years through the collaboration, Infosys has helped Posti improve the resilience of IT systems, reduc

Business Standard

Global tech body concerned over future after import mgmt scheme expires

ITI represents 80 technology firms around the world, including giants like Apple, Amazon, Google, Dell, Microsoft, and Tata Consultancy Services

CNBC TV18

Geojit Financial Services approves rights issue at ₹50 per share

The rights entitlement ratio has been set at one equity share for every six shares held as of the record date, representing a ratio of 1:6, the company said in an exchange filing.

The Economic Times

Amazon adds chatbot for its sellers, boosting automation

Amazon announced Amelia during its annual conference in its hometown where many of its roughly 450,000 US independent sellers converge for tips and tricks, and to learn about new products and services. The software, dubbed Amelia, can provide instantaneous answers to broad questions such as how to prepare for the holidays and how a seller's business is performing, including units sold and website traffic.

Mint

India’s IT sector much-awaited moment has arrived: the US Fed’s rate cut

Companies in the Indian IT services sector’s largest market will now be able to borrow capital at lower rates to fund technology projects that they had put on ice. But this may not happen immediately

CNBC TV18

Religare Enterprises clears ₹163.75 crore debt, becomes debt-free

"Upon such re-payment, the company has now become an external debt-free entity," the financial services company stated in an exchange filing on September 19, 2024.

The Economic Times

Discover Arabia in Mumbai: ‘Spectacular Saudi’ offers cultural immersion, travel deals, and visas in 48 hours

Saudi's national tourism brand is hosting its first immersive consumer event, 'Spectacular Saudi', in Mumbai from September 25 to October 2. The event will showcase Saudi's culture, cuisine, and travel offers. Visitors can enjoy interactive exhibits, traditional performances, and exclusive travel deals. Special visa application services will also be available.

The Economic Times

Mathura train derailment: 500 workers at site to clear track, panel to probe cause

An inquiry committee will investigate the derailment of 25 wagons of a freight train near Vrindavan in Mathura district. The incident, which occurred around 8 pm on Wednesday, disrupted services of around 30 trains. Nearly 500 workers are clearing the tracks to resume normal operations. Officials are considering all possible causes, including sabotage.

The Economic Times

Update makes X available again to many in Brazil

Social-media platform X became accessible to many users in Brazil after an update circumvented a Supreme Court block order. The update used third-party cloud services, allowing access without a VPN. The number of users accessing X is unknown. Anatel is working to notify providers to block access again.

Business Line

Indian markets rally as Fed cuts rates; Sensex surges 600 points

The IT sector showed strength, despite concerns over potential reduced demand for Indian IT services exports due to a slowdown in the US economy

The Economic Times

Buy CCL Products India, target price Rs 881: LKP Securities

CCL Products India Ltd. key Products/Revenue Segments include Coffee and Other Services for the year ending 31-Mar-2023.

The Economic Times

Hold PI Industries, target price Rs 4980: Axis Securities

PI Industries Ltd. key Products/Revenue Segments include Agri inputs, Export Incentives, Sale of services and Scrap for the year ending 31-Mar-2024.

The Economic Times

Tata Consultancy Services Share Price Today Live Updates: Tata Consultancy Services Closes at Rs 4346.15, Achieving 14.32% Returns Over Three Months

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Mint

Stock market today: Birlasoft, Granules, RBL Bank among ten stocks in F&O ban list on Sept 19

Aarti Industries, Balrampur Chini, Biocon, Birlasoft, GNFC, Granules India, LIC Housing Finance, Oracle Financial Services, PNB, and RBL Bank are the ten stocks on the NSE's F&O ban list on September 19.

The Economic Times

Trai moots single authorisation for all telecom services

The Telecom Regulatory Authority of India (Trai) has proposed a unified authorisation for satellite telecommunication, merging VSAT and GMPCS licences. This would allow entities to offer various telecom services under one authorisation. The proposal includes reducing entry fees and eliminating renewal fees, aiming to replace the current licensing regime if accepted by the government.

The Economic Times

Trai recommends overhaul of telecom licensing regime

The Telecom Regulatory Authority of India (Trai) has proposed a unified authorisation regime for telecom services, including mobile, internet, and satellite. This overhaul aims to simplify the licensing process and reduce entry fees. The proposal excludes over-the-top services and suggests merging various service categories to streamline operations.

The Economic Times

Google offered to sell advertising marketplace AdX in EU antitrust probe

The European Commission last year charged Google with favouring its own advertising services, opening its fourth case against the world's most popular search engine and targeting a highly lucrative business.

Business Standard

Vaishnaw urges industry to form task forces for compliance simplification

Vaishnaw suggested that once functional, the task forces across sectors such as manufacturing, IT services, among others, can meet once in a month to discuss the issues

Business Standard

Godrej Capital to enter affordable housing loan segment by December

Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday. The company currently manages an asset base of Rs 13,000 crore, after reaching an AUM of Rs 10,000 crore in FY24. It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated. The company's strategic focus will be on the small and medium enterprises (SME), micro, small, and medium enterprises (MSME), and home loan segments. As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year. "Our focus will be towards smaller loan amounts, aimed at meeting the needs of affordable ...

Business Line

Data benchmarking for REITs launched for easy access to information

As part of this initiative, under SEBI’s guidance, three leading financial services companies — CareEdge, CAMS, and KFintech — launched dedicated platforms

The Economic Times

IIT alumni to invest Rs 700 cr for EV buses in Goa; will revive mass transport, says CM Pramod Sawant

The Goa cabinet has approved a proposal by IIT alumni to invest Rs 700 crore in introducing electric buses for the state's public transport system. The initiative aims to roll out 500 EV buses, enhancing the fleet of Kadamba Transport Corporation Limited and reviving non-operational routes and interstate services.

The Economic Times

CAMS, CareEdge, KFintech set up dedicated platforms for REIT information

Financial services companies CareEdge, CAMS, and KFintech, along with the Indian REITs Association, have launched platforms to provide key information on Real Estate Investment Trusts (REITs). This initiative aims to enhance transparency and help investors make informed decisions by offering comprehensive data and comparative analysis under the guidance of SEBI.

Business Standard

Benchmarks settle lower as investors await Fed rate decision

The domestic equity market ended with minor losses on Wednesday as investors eagerly anticipated the US Federal Reserve's interest rate decision. The benchmark Nifty 50 index closed below the 25,400 level, snapping a two-day winning streak. IT, pharma and energy stocks weighed down the market, while financial services and private banks shares witnessed buying interest.

The Economic Times

Godrej Capital to enter affordable housing loan segment, eyes AUM of Rs 17,000 cr by Dec-end

Godrej Capital, the financial services arm of the Godrej Group, plans to enter the affordable housing loan segment and aims to grow its assets under management to Rs 17,000 crore by 2024. The company targets Rs 30,000 crore by March 2026 and Rs 50,000 crore by March 2028.

The Economic Times

Chevron to set up $1 billion Chevron ENGINE centre at RMZ Ecoworld 30-series in Bengaluru

RMZ Corporation has leased over 3 lakh sq ft of office space to Chevron Global Technology & Services in Bengaluru. This space will house Chevron's first global captive centre outside the US. The facility, located in RMZ Ecoworld, will be operational by year-end and can accommodate over 2000 employees.

The Economic Times

Market Wrap: Sensex, Nifty end in red after recording lifetime highs as Infosys, TCS trigger fall

Indian headline indices ended lower on Wednesday, led by declines in IT heavyweights Infosys and TCS. Nifty closed at 25,377.55, down 41 points, while Sensex settled at 82,948.23, down 131.43 points. Banking and financial services sectors were the only gainers among Nifty sectoral indices.

Business Standard

TCS inks 2-year partnership deal with McDonald's Philippines

Tata Consultancy Services (TCS) informed that it has signed a two-year partnership with George Yang-led Golden Arches Development Corporation (GADC), master franchise holder of McDonald's in Philippines to modernize IT Landscape for 760+ restaurants.

Mint

Top Gainers and Losers today on 18 September, 2024: Shriram Finance, Bajaj Finance, Tata Consultancy Services, HCL Technologies among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex lost 131.43 points, or -0.16, to settle at 83079.66, while the Nifty lost 41.0 points, or -0.16, to close at 25418.55.

Business Standard

Oracle Financial Services Software Ltd leads losers in 'A' group

Rites Ltd, Mphasis Ltd, Blue Dart Express Ltd and Time Technoplast Ltd are among the other losers in the BSE's 'A' group today, 18 September 2024.

The Economic Times

Financial services startup Kaleidofin raises $13.8 million funding from Rabo Partnerships, others

Kaleidofin has secured $13.8 million in equity funding led by Rabo Partnerships, with participation from existing investors. The funds will help expand its lending portfolio and enhance technology and risk services. Kaleidofin provides financial solutions to low-income customers and businesses in India's informal economy, facilitating over $2.7 billion in loans since 2020.

The Economic Times

Buy Krishna Institute of Medical Sciences, target price Rs 3300: HSBC

Krishna Institute of Medical Sciences Ltd., incorporated in the year 1973, is a Small Cap company (having a market cap of Rs 21735.55 Crore) operating in Hospitals & Allied Services sector.

The Economic Times

As stock market is shifting from value to quality, how S Naren is investing

Value stocks have started to underperform on Dalal Street, while quality stocks are gaining traction. S Naren of ICICI Prudential Mutual Fund discusses why he is shifting towards quality-oriented value stocks and the importance of asset allocation. He also highlights sectors like banking and financial services as having significant value currently.

The Economic Times

Meta faces hefty EU antitrust fine over classified ads practices: report

Meta Platforms Inc is set to face a significant fine from the EU over allegations of trying to dominate the classified advertising market. The EU claims Meta links its free Marketplace services with Facebook to undermine competitors. A decision could be announced next month, marking one of the last investigations by competition chief Margrethe Vestager.

Business Standard

Financials shares gain

Financials stocks were trading in the positive zone, with the BSE Financial Services index rising 73.03 points or 0.62% at 11817.53 at 09:46 IST.

The Economic Times

Bet on these 5 NBFCs as highly-anticipated rate cuts promise windfall for investors

With interest rate cuts expected this year, non-banking financial companies (NBFCs) are set to benefit significantly. Analysts highlight the potential for growth in NBFC assets under management, especially in consumer finance and gold-based lending. Stocks like Bajaj Finance, M&M Financial Services, and Shriram Finance are recommended for investment due to their strong asset quality and favorable loan compositions.

The Economic Times

Tata Consultancy Services Stocks Live Updates: Tata Consultancy Services Experiences Decline Amidst Market Volatility

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The Economic Times

Naspers gets CCI's clearance to buy minority stake in Vastu Housing Finance Corp

The Competition Commission of India has approved Naspers Ventures' acquisition of a minority stake in Vastu Housing Finance Corporation Ltd. Naspers Ventures, a subsidiary of Prosus NV, will acquire less than 10% equity in VHFCL, which provides home loans and other financial services. The deal ensures fair competition in the marketplace.