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The Economic Times

Infosys to invest Rs 17 crore in IIT M-incubated spacetech startup GalaxEye

The cash investment will involve Infosys picking up a minority stake, less than 20%, as part of the series A round to pick up equity and compulsory convertible preference shares.

Mint

Top Gainers and Losers today on 19 September, 2024: NTPC, Kotak Mahindra Bank, Bharat Petroleum Corporation, Coal India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 236.57 points, or 0.29, to settle at 82948.23, while the Nifty gained 38.25 points, or 0.15, to close at 25377.55.

Mint

‘Most enduring gift to humankind’: Anand Mahindra excited about Elon Musk-owned Neuralink's ‘Blindsight’ device

Indian business tycoon Anand Mahindra has expressed his excitement about Elon Musk's Neuralink company and its potential to revolutionise vision restoration.

Mint

JM Financial explains how US Fed’s 50 bps rate cut will impact the IT sector

The US Federal Reserve's 50 basis points rate cut is expected to have a gradual impact on the IT sector, with companies like Tech Mahindra positioned to benefit from reduced interest burdens. JM Financial cautions against immediate spending boosts due to ongoing economic uncertainties.

The Economic Times

Kotak Mahindra Bank Share Price Today Live Updates: Kotak Mahindra Bank Closes at Rs 1,839.70, Achieving 5.32% Returns Over Three Months

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The Economic Times

Mahindra & Mahindra Stocks Live Updates: Mahindra & Mahindra Closes at Rs 2808.20 Amidst 3-Month Decline of 4.28%

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Mint

Wall Street today: US stocks fall ahead of expected rate cut by Fed

At 12:04 p.m., the Dow Jones fell 0.24 per cent, the S&P 500 lost 0.27 per cent, the Nasdaq lost 0.39 per cent

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

TCS, HCL Tech, Infosys, Tech Mahindra and Wipro were among the top losers on NSE in today's trade.

The Economic Times

ICICI Bank shares hit record high, m-cap tops Rs 9 lakh crore mark

ICICI Bank has crossed the Rs 9 lakh crore market capitalization mark for the first time, reaching a new all-time high on the BSE. The bank's shares have surged nearly 30% this year. Anticipation of an interest rate cut in the US Fed meeting is seen as beneficial for banks and NBFCs.

Business Standard

S.M. Gold Ltd leads gainers in 'B' group

Gautam Gems Ltd, Menon Bearings Ltd, Take Solutions Ltd and MRC Agrotech Ltd are among the other gainers in the BSE's 'B' group today, 18 September 2024.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

Tech Mahindra, Wipro, Infosys, LTIMindtree and TCS were among the top losers on NSE.

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.

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama recommends Bandhan Bank, NALCO, and Kotak Mahindra Bank today

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends buying these three stocks today - Bandhan Bank Ltd, National Aluminium Company Ltd (NALCO), and Kotak Mahindra Bank Ltd.

The Economic Times

Stock Radar: Record high in sight for M&M Finance; time to buy?

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Business Line

Redcliffe Labs raises $42 m to strengthen pan-India diagnostic network

This new funds will be deployed to fuel Redcliffe’s expansion plans, focusing on deepening its presence in Tier II and III cities across India.

The Economic Times

Mphasis appoints Ajay Arya to head M&A

“Ajay will be based in New York and lead the entire process, including strategy, evaluation, deal sourcing, negotiation, diligence management and post-merger integration,” the company said.

Mint

Wall Street today: US stocks gain after retail sales data, Federal Reserve in focus

At 09:49 a.m. ET, the Dow Jones rose 0.19 per cent, the S&P 500 gained 0.38 per cent, the Nasdaq gained 0.72 per cent

Business Line

Hyperlocal news platform Way2News raises $14 m led by WestBridge Capital

The fresh infusion of capital will be deployed for scaling its operations, enhancing technology and to strengthen presence in existing markets

Mint

Stocks at 52-week high: ICICI Bank to HCL Tech — 300 shares hit one-year high on Tuesday. Do you own any?

Stocks at 52-week high: Almost 300 stocks, including ICICI Bank, HCL Tech, Bharti Airtel and Tech Mahindra, hit fresh 52-week highs in intraday trade on the BSE on Tuesday, September 17.

The Economic Times

Billionaire Kotak’s unit to launch its first private credit fund to tap a booming market

Kotak Mahindra Asset Management plans to launch its first private credit fund, aiming to raise around 10 billion rupees. This move follows other firms like Nippon Life India and ICICI Prudential entering the direct lending market. The fund will focus on performing credit and is expected to launch by December after regulatory approvals.

Business Standard

Divi's Lab, AEL, M&M among top movers & shakers in FY25; trading guide here

Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.

Business Standard

S.M. Gold Ltd leads gainers in 'B' group

Mallcom (India) Ltd, Ecos (India) Mobility & Hospitality Ltd, Modison Ltd and Neogen Chemicals Ltd are among the other gainers in the BSE's 'B' group today, 17 September 2024.

The Economic Times

Buy Kotak Mahindra Bank, target price Rs 2050: Anand Rathi

Kotak Mahindra Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.

Business Standard

India becomes top source of vehicle imports for South Africa's auto sector

India has become the South African automotive industry's top country of origin for vehicle imports since 2013, the Automotive Business Council says in its BRICS+ Research Report 2024. This was because India has been established by various brands as the global hub for small and entry-level vehicles which comprise the bulk of sales in the domestic market, the report said. Tata and Mahindra have firmly established their automotive products in South Africa. Mahindra executives have even repeatedly reaffirmed that South Africa is their second home outside India because of major investments, including a production line in Durban. China and India have consistently featured as two of the South African automotive industry's top 10 trading partners since 2010, mainly due to the increasing level of automotive imports. More recent entrant China has consolidated its position as the second largest country of origin for vehicle imports since 2022 as financially strapped consumers gravitated towar

Business Standard

Stocks To Watch: M&M, LIC, Adani Wilmar, Trent, Vedanta

Stocks To Watch: Adani Enterprises and Wilmar International plan to sell a 13 per cent stake in their listed consumer joint venture, Adani Wilmar, to meet Indian shareholding norms.

The Economic Times

M&M looks to drive into South East Asia market, ramp up in South Africa

Mahindra & Mahindra, holding a 51% share in India's pick-up truck market, plans to introduce its Veero range in Southeast Asia and expand in South Africa. Initially focusing on the domestic market, the Veero targets intracity applications and competes with Tata Motors' Intra and Ashok Leyland's Dost models.

Business Standard

M&M eyes sub-3.5 tonne SCV market with Veero launch on multi-fuel platform

Priced at Rs 7.99 lakh for the entry-level product, M&M launched the diesel and CNG variants, and an electric version will come in the future

Mint

Wall Street today: S&P 500, Nasdaq falls, Dow Jones rises, Fed policy in focus

At 09:50 a.m. the Dow Jones rose 0.63 per cent, the S&P 500 lost 0.02 per cent, the Nasdaq shed 0.68 per cent

Mint

Neuberg Diagnostics in talks with 360One, M&G Investments for $100 million pre-IPO funding round: Report

Neuberg Diagnostics is in talks with a consortium of investors, including funds managed by 360One and foreign investor M&G Investments, to raise up to $100 million, according to a Moneycontrol report.

Business Standard

Mahindra expands LCV range with product based on multi-energy platform

Mahindra & Mahindra on Monday expanded its light commercial vehicle (LCV) range with a new product range based on an all new platform developed at an initial investment of Rs 900 crore. The company has introduced "Veero" light commercial vehicle in the less than 3.5 tonne range with both diesel and CNG trims, with price starting at Rs 7.99 lakh (ex-showroom). An electric version of the LCV would be introduced at a later stage. In an interaction with PTI, Mahindra & Mahindra (M&M) President Automotive Division Veejay Nakra said the model will help the company further strengthen its leadership in the LCV (less than 3.5 tonne) segment. The product, with multiple fuel options and payloads, will be useful for various applications, he added. "We have a market share of around 51 per cent in the less than 3.5 tonne LCV segment... now this range comes in 2-3.5 tonne segment where we have a market share of 63 per cent. So it will help us further strengthen market share beyond 63 per

The Economic Times

Mahindra expands LCV range with product based on multi-energy platform

Mahindra & Mahindra has launched the Veero light commercial vehicle in the sub-3.5 tonne category, with diesel and CNG options starting at Rs 7.99 lakh. An electric version will follow. The new range aims to strengthen M&M's market leadership, addressing diverse business needs with multiple fuel options and payloads.

Mint

Stocks at record high: ICICI Bank, HCL Tech, Tech Mahindra...nearly 400 stocks hit 1-year highs in stock market today

Stocks at record high: As many as 387 stocks, including ICICI Bank, HCL Tech, Tech Mahindra, JSW Steel, Sun Pharma and Bajaj Finserv, hit their fresh 52-week highs in intraday trade on BSE on Monday.

The Economic Times

Mahindra & Mahindra stock gains 2% following launch of new LCV 'Veero'

Mahindra & Mahindra shares rose 2% on Monday after launching its new LCV, "Veero." The Veero is designed for the domestic market and offers best-in-class features like payload capacity, mileage, and safety. Priced at Rs 7.99 lakh, it aims to set new standards in cost of ownership and performance.

Business Standard

Mahindra & Mahindra launches 'All-New Veero' under LCV <3.5 t segment

Veejay Nakra, President - Automotive Division, Mahindra & Mahindra Ltd., said, The Mahindra Veero will further strengthen our leadership in the LCV <3.5 t segment. Built to help customers maximise earnings, it offers best-in-class payload, exemplary mileage, and superior maneuverability. With multiple segment-first technology and features, the vehicle ensures a premium cabin experience, unmatched safety, exceptional performance, and capability. The Mahindra Veero is designed to be a category disrupter ahead of all other offerings in this segment, truly living up to the promise of being 'Soch Se Aage'."

Business Line

Mahindra unveils Veero: New LCV aims to disrupt sub-3.5 ton segment

The Veero offers multiple fuel options including diesel and CNG, with an electric variant planned for the future. It boasts a best-in-class payload capacity of 1,600 kg and claims superior fuel efficiency with 18.4 km/l for diesel and 19.2 km/kg for CNG variants

The Economic Times

Tech Mahindra Share Price Today Live Updates: Tech Mahindra Closes at Rs 1656.05 Amidst Diminished Trading Activity

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The Economic Times

Kotak Mahindra Bank Share Price Live Updates: Kotak Mahindra Bank Sees Decline in Trading Activity with Closing Price at Rs 1820.35

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The Economic Times

Mahindra & Mahindra Financial to expand mortgage business

Mahindra & Mahindra Financial Services plans to expand its mortgage loan business, offering housing finance, top-up loans, and home improvement loans. The Mumbai-based NBFC will also join the government's affordable housing schemes. The company aims to invest 200-300 million rupees over the next year for this expansion.

Business Standard

M&M Financial Services board approves expansion into mortgage business

The company would also participate in affordable housing loan schemes of governments

Business Standard

Board of the Mahindra & Mahindra Financial Services approves expansion into mortgage business

At meeting held on 13 September 2024