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Route Mobile announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on 12 September and 13 September 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors.

Business Standard

Proximus Opal completes divestment of 6.03% stake in Route Mobile

Route Mobile announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on 12 September and 13 September 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors.

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Mon, Sep 16, 2024

Proximus Opal acquired an 83.1% stake in Route Mobile in May this year.

CNBC TV18

Route Mobile promoter Proximus Opal to sell 6.03% stake via OFS on Sept 12-13

Proximus Opal acquired an 83.1% stake in Route Mobile in May this year.

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Wed, Sep 11, 2024

Business Standard

Route Mobile announces OFS of up to 38 lakh equity shares

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Wed, Sep 11, 2024

The upcoming share sale starts on Thursday for non-retail investors, with retail investors getting their chance on Friday. Proximus Opal currently holds a majority stake in Route Mobile. This offering aims to comply with SEBI's regulations on minimum public shareholding.

The Economic Times

Promoter entity Proximus Opal to sell 6% stake in Route Mobile via OFS; floor price set at Rs 1,635/share

The upcoming share sale starts on Thursday for non-retail investors, with retail investors getting their chance on Friday. Proximus Opal currently holds a majority stake in Route Mobile. This offering aims to comply with SEBI's regulations on minimum public shareholding.

Retail

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Wed, Sep 11, 2024

IT services firm Infosys and Belgium-headquartered digital services and communication solutions provider Proximus Group on Tuesday announced a strategic collaboration aimed at unlocking new business opportunities, according to a release.
The strategic collaboration will focus on a joint go-to-market approach that will leverage products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions.
"This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers," a release said, adding that the collaboration aims to enhance digital security by providing digital identity and fraud protection solutions, that drive trusted communication online.
The collaboration between Infosys and Proximus enables the two sides to further strengthen their digital offerings and drive their innovative solutions to business

Business Standard

Infosys, Proximus Group come together to drive new business opportunities

IT services firm Infosys and Belgium-headquartered digital services and communication solutions provider Proximus Group on Tuesday announced a strategic collaboration aimed at unlocking new business opportunities, according to a release. The strategic collaboration will focus on a joint go-to-market approach that will leverage products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions. "This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers," a release said, adding that the collaboration aims to enhance digital security by providing digital identity and fraud protection solutions, that drive trusted communication online. The collaboration between Infosys and Proximus enables the two sides to further strengthen their digital offerings and drive their innovative solutions to business

Auto

Tech

Services

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Tue, Sep 10, 2024

Infosys and Proximus Group have announced a strategic collaboration to explore new business opportunities. The partnership will leverage Proximus' international affiliates' products, including Route Mobile's CPaaS and Telesign's Digital Identity solutions, combined with Infosys' digital services. This aims to drive innovation in customer engagement and enhance digital security for customers in Belgium and abroad.

The Economic Times

Infosys partners with Proximus Group to drive new biz opportunities

Infosys and Proximus Group have announced a strategic collaboration to explore new business opportunities. The partnership will leverage Proximus' international affiliates' products, including Route Mobile's CPaaS and Telesign's Digital Identity solutions, combined with Infosys' digital services. This aims to drive innovation in customer engagement and enhance digital security for customers in Belgium and abroad.

Auto

Tech

Services

•

Tue, Sep 10, 2024

The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.

The Economic Times

Amarnath Yatra pilgrims to have 5G connectivity en route: DoT

The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.

Infrastructure

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Mon, Jul 8, 2024

The company first launched the service for Delhi Metro, in the second half of 2023

Business Line

Route Mobile stock jumps 15%, extends WhatsApp-based ticketing for Nagpur, Pune, Hyderabad metros

The company first launched the service for Delhi Metro, in the second half of 2023

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Mon, Jun 24, 2024

Stocks News

Suzlon Energy shares gain after removal from ASM framework — What does it mean?

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

Spice brand MTR's owner Orkla exploring IPO in 2025, says top executive

The company is looking to expand its play in the international market-with a focus on Gulf Cooperation Council (GCC) countries

FOCUS

Vodafone Idea to brief analysts, investors on AGR verdict on Monday

The Vi stock rose 1.35 per cent on Friday to close at Rs 10.52 a piece, a day after plummeting by 19.7 per cent

IDEA

Air India hired 9,000 employees in two years to meet needs: Airline chief

Air India has hired 9,000 employees, including 5,000 crew members, in the last two years to meet the workforce requirement for its expanding fleet and network, the airline's chief Campbell Wilson said on Friday. In a message to staff, he said the airline's domestic market share rose from 24 per cent in FY23 to 27 per cent in FY24 and the international market share climbed from 21 per cent to 24 per cent during the same period, on the back of network expansion and service improvements. The airline has completed two years of its five-year ambitious transformation plan Vihaan.AI. On a consolidated basis, the Tata Group-owned airline recorded a 25 per cent rise in operating revenues and a more than 50 per cent reduction in loss in the last financial year. "When we consider that the FY in question covered only the early part of our transformation program, before most of the initiatives we have been working on were implemented, these early results should encourage us that the effort is .

SERVICE

Adani Enterprises, Eicher Motors among top 10 largecap stocks mutual funds scoop up in August

Mutual funds actively manage their portfolios by buying and selling securities. ICICI Direct Research has revealed the top 10 largecap stocks that mutual funds added to their holdings in August.

ADANIENT

EICHERMOT

ISEC

Satin Creditcare Network approves bond issuance up to USD 7.5 million

SATIN

India's forex reserves rise for 5th week, close in on $700 billion

India's foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday.

CENTRALBK

Soonicorns Summit: India’s ‘moment to shine’ as VC funding grows, say speakers

The VC funding in the first half of this year witnessed a sizable 45% increase from the second half of the previous year, and the panelists saw India as an increasingly attractive market for global investors.

GLOBAL

Suzlon Energy shares gain after removal from ASM framework — What does it mean?

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

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

Sobha (PP), Marksans Pharma, Concord Biotech Ltd., Interarch Building and Themis Medicare, hit their fresh 52-week highs during the day.

Gainers & Losers: Cochin Shipyard, RITES among 5 stocks in limelight on Friday

Indian indices reached record highs on Friday, with ICICI Bank and HDFC Bank driving the rally. The Sensex closed at 84,544.31, while Nifty50 settled at 25,790.95, both posting significant gains.

Top Gainers and Losers today on 20 September, 2024: Mahindra & Mahindra, ICICI Bank, Grasim Industries, State Bank Of India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 1359.51 points, or 1.63, to settle at 83184.8, while the Nifty gained 375.15 points, or 1.48, to close at 25415.8.

Pelatro IPO: Here are the steps to check allotment status online, GMP as focus shifts to listing

Pelatro Limited IPO; Pelatro IPO opened for subscription on 16 September and ended on 19 September. The allotment is to be out soon. Here are the steps to check allotment status online, GMP as focus shifts to listing

FOCUS

Will Mukesh Ambani pull a Jio on Coke and Pepsi?

Reliance's Mukesh Ambani has revived the Campa Cola brand to challenge Coca-Cola and PepsiCo in India. By offering products at half the price, Reliance aims to disrupt the market. This move has prompted Coca-Cola and PepsiCo to accelerate promotions, although they have yet to cut prices.

RELIANCE

Adani Ports, Rorix Holdings sign MoU to transform commodities market ecosystem

Shares of Adani Ports and Special Economic Zone Ld ended at ₹1,441.35, up by ₹33.35, or 2.37% on the BSE.

ADANIPORTS

BSE

Over 250 stocks hit one-year highs on BSE; investors earn ₹6 lakh crore in a day

Over 250 stocks, including ICICI Bank and Bharti Airtel, reached new 52-week highs on the BSE, with the Sensex and Nifty 50 achieving record gains. Investors gained ₹6 lakh crore as market capitalisation hit record ₹472 lakh crore.

ICICIBANK

BHARTIARTL

BSE

Freshworks appoints Shelton Rego as vice president, sales

Freshworks Inc has appointed Shelton Rego as Vice-President of Sales India operations. Rego will oversee regional business strategy, market expansion, customer relationships, and new partnerships. Previously, he worked at Jio Cloud, Google Cloud, SAP Concur, and Oracle. Freshworks aims to leverage his experience to strengthen its SaaS market share in India.

CLOUD

Blinkit and Big Basket race to deliver iPhone 16 in under 10 minutes

Customers will be able to take advantage of special offers, discounts, and even EMI options available through Unicorn stores when purchasing the iPhone 16 series via Blinkit

RACE

InterGlobe shares decline 0.95% as Sensex climbs

A total of 20,316 shares changed hands on the counter till 01:59PM (IST)

TOTAL

Lupin stock price down 1.34 per cent as Sensex climbs

As of 30-Jun-2024, promoters held 46.7 per cent stake in the company, while FIIs held 19.32 per cent and domestic institutional investors had 16.23 per cent.

LUPIN

Share price of Cummins India jumps as Sensex gains 473.21 points

A total of 5,984 shares changed hands on the counter till 01:48PM (IST)

CUMMINSIND

TOTAL

ACC, IRCTC: 4 stocks turn bearish even as Sensex, Nifty scale new highs

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

IRCTC

ACC

AARTIIND

Share price of ACC falls as Sensex gains 477.89 points

A total of 11,843 shares changed hands on the counter till 01:43PM (IST)

ACC

TOTAL

Bharat Forge stock price up 0.56 per cent as Sensex climbs

As of 30-Jun-2024, promoters held 45.25 per cent stake in the company, while FIIs held 17.03 per cent and domestic institutional investors had 19.35 per cent.

BHARATFORG

Deccan Transcon Leasing IPO allotment finalised: Latest GMP and how to check status

Deccan Transcon Leasing's IPO, valued at ₹65.06 crore, closed with 102.60 times subscription. Allotment status can be checked online, with shares credited to accounts on September 23. The company specializes in tank container leasing and reported a revenue decline but a profit increase for FY24.

CONCOR

ICICI Bank Ltd spurts 1.66%, rises for fifth straight session

ICICI Bank Ltd is quoting at Rs 1313.4, up 1.66% on the day as on 12:44 IST on the NSE. The stock is up 36.91% in last one year as compared to a 30.3% jump in NIFTY and a 20.11% jump in the Nifty Bank.

ICICIBANK

Havells India shares up 1.8% as Nifty gains

A total of 14,629 shares changed hands on the counter till 12:58PM (IST).

HAVELLS

TOTAL

Divis Labs shares up 1.07% as Nifty gains

A total of 3,887 shares changed hands on the counter till time (IST).

TOTAL

HDFC AMC shares drop 0.23% as Sensex rises

A total of 1,480 shares changed hands on the counter till 12:28PM (IST)

TOTAL

Ambuja Cements shares gain 0.91% as Sensex rises

The stock quoted a 52-week high of Rs 706.85 and a 52-week low of Rs 404.0.

AMBUJACEM

Colgate-Palmolive shares gain 0.1% as Sensex rises

A total of 21,764 shares changed hands on the counter till 12:11PM (IST)

COLPAL

TOTAL

Dividend, Bonus: Bharat Dynamics, CSL, 82 other stocks go ex-date next week

Here's the complete list of stocks that will trade ex-date next week for dividends, bonus issues, or stock splits

BDL

ITD Cementation India Ltd leads gainers in 'A' group

Minda Corporation Ltd, Cochin Shipyard Ltd, Anant Raj Ltd and Garden Reach Shipbuilders & Engineers Ltd are among the other gainers in the BSE's 'A' group today, 20 September 2024.

LTIMindtree shares up 0.17% as Nifty gains

A total of 5,999 shares changed hands on the counter till 11:57AM (IST).

LTIM

TOTAL

IRFC, HUDCO shares snap multi-day losing streak with gains up to 8%; Use bounce to exit?

Ahead of today's upmove, shares of HUDCO had already corrected 35% from their record high of ₹353.

IRFC

HUDCO

PI Industries shares up 1.75% as Nifty gains

A total of 3,266 shares changed hands on the counter till 11:51AM (IST).

PIIND

TOTAL

Stocks to buy: Dabur, Godrej Consumer Products, Emami among InCred Equities’ top FMCG stock picks

Stocks to buy: Considering the optimism on a continued gradual recovery momentum in rural markets and sluggish momentum expected in urban markets, the InCred Equities firm recommends three FMCG stocks to buy.

Pidilite Ind shares gain 0.94% as Sensex rises

A total of 1,844 shares changed hands on the counter till 11:47AM (IST)

TOTAL

SRF shares up 0.47% as Nifty gains

A total of 6,037 shares changed hands on the counter till time (IST).

SRF

TOTAL

ICICI Lombard shares gain 1.68% as Sensex rises

A total of 5,241 shares changed hands on the counter till 11:36AM (IST)

TOTAL

Oberoi Group exits UAE market, ends partnership with Al Zorah Resort

The management contract between EIH Holdings Ltd, a subsidiary of EIH Ltd, and Al Zorah Development Private Co Ltd will officially end on February 28, 2025

EIHOTEL

Mankind Pharma shares surge to a record high after Investec projects 35% upside

Investec mentioned that Mankind Pharma's vision to be an innovation-driven and differentiation-focused company with high entry barrier products has found a match in Bharat Serums and Vaccines (BSV).

MANKIND

F&O Query: Should you buy Federal Bank futures?

Hold the longs but place a stop-loss at ₹180

FEDERALBNK

Vodafone Idea Share Price Highlights September 20, 2024: Vodafone shares recover after hitting a 52-week low

Vodafone Idea Stocks, Vodafone Idea Share Price Updates September 20, 2024: Vodafone shares have rebounded from the bearish trend.

IDEA

Cochin Shipyard shares up 10% as shipbuilder braces for inflows worth over $30 million

Despite correcting 43% from its record high, shares of Cochin Shipyard are still up 160% so far in 2024.

COCHINSHIP

WORTH

'Buy Vodafone Idea' is still the view of two street analysts after AGR setback

UBS has a price target of ₹19 on Vodafone Idea, which has also been the stock's recent peak.

IDEA

Stock market live updates: Stock to buy today: CCL Products (India) (₹757)

Sensex, Nifty, Share Prices LIVE: The stock of CCL Products (India) saw a price decline over the past couple of weeks. After touching a record high of ₹854 in early September, the scrip started to drop. However, the overall uptrend remains valid, and the stock has appreciated so far this week.

CCL

Stock to buy today: CCL Products (India) (₹757)

Exit at ₹830

CCL

Shares to buy or sell: Chandan Taparia recommends three stocks to buy today

Shares to buy today: Chandan Taparia has recommended three stocks to buy today – Kotak Bank, Jubilant Food, and ICICI Lombard.

ICICIBANK

Latest Market News Today Live Updates September 20, 2024: KRN Heat Exchanger IPO: Price band set at ₹209-220 apiece; check issue details, key things to know from RHP

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

GLOBAL