Category: Business

Business

LTTS to acquire California firm Intelliswift for an aggregate consideration of $110 million

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LTTS to acquire California firm Intelliswift for an aggregate consideration of 0 million

The acquisition was aimed at deepening LTTS’ offerings across Software Product Development, Platform Engineering, Digital Integration, Data and AI, the filing said  L&T Technology Services (LTTS), an engineering and technology services firm, has singed a definitive agreement to acquire Silicon Valley-based IT firm Intelliswift Software Inc. for an aggregate consideration of up to $110 million, as…

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Business

Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement

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Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement

Ambuja Cements, the cement and building material company of Adani Cement and is a part of the diversified Adani Group. File. | Photo Credit: Reuters Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a…

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Vedanta plans to invest $500 million in group firm AvanStrate Inc.

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Vedanta plans to invest 0 million in group firm AvanStrate Inc.

Vedanta Limited has announced plans to invest close to $500 million in its group company, AvanStrate Inc. (ASI), which is a display glass manufacturer. Earlier this year, Vedanta acquired 98% stake in ASI. “This investment is aimed at driving innovation and expansion within ASI, strengthening its focus on R&D, as well as manufacturing capabilities and…

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Business

Sensex, Nifty close flat amid unabated foreign fund outflows, muted earnings

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Sensex, Nifty close flat amid unabated foreign fund outflows, muted earnings

The Sensex eked out gains of 9.83 points, or 0.01%, to settle at 79,496.15 and the Nifty dipped marginally by 6.90 points, or 0.03%, to 24,141.30. File Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday (November 11, 2024) as continuous Foreign Institutional Investors FII selling, disappointing quarterly earnings, and…

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Business

Rupee falls 2 paise to hit new all-time low of 84.39 against U.S. dollar

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Rupee falls 2 paise to hit new all-time low of 84.39 against U.S. dollar

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows. File | Photo Credit: The Hindu Declining for the fourth straight session, the rupee dropped 2 paise to hit a new lifetime low of 84.39 (provisional) against the…

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Business

Maruti Suzuki India introduces All New Dzire at ₹6.79 lakh

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Maruti Suzuki India introduces All New Dzire at ₹6.79 lakh

Maruti Suzuki India Limited introduces the fourth generation All New Dzire, on November 11, 2024. | Photo Credit: Special Arrangement Maruti Suzuki India Ltd (MSIL) on Monday (November 11, 2024) introduced the 4th generation All New Dzire with petrol and S-CNG models at prices starting ₹6.79 lakh (ex show room). The top most model is…

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Business

Singles’ Day shopping festival loses its shine under China’s lagging economy

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Singles’ Day shopping festival loses its shine under China’s lagging economy

Women walk out from a fashion boutique near a display promoting the upcoming China popular e-commerce sales, the “Singles’ Day” global online shopping festival, at a shopping mall in Beijing, Monday, Nov. 4, 2024. | Photo Credit: AP Merchants and consumers alike found the Singles’ Day shopping festival Monday less shiny than in years past…

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Business

Stock Markets decline in early trade amid unabated foreign fund outflows, muted earnings

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Stock Markets decline in early trade amid unabated foreign fund outflows, muted earnings

FIIs offloaded equities worth ₹3,404.04 crore on Friday (November 8, 2024). File | Photo Credit: Reuters Benchmark-sensitive indices Sensex and Nifty fell in early trade on Monday (November 11, 2024) as continuous foreign fund outflows, disappointing quarterly earnings and weak trends from Asian markets dented investors’ sentiment. Forex traders said the volatility in the equity…

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Business

Rupee falls 1 paisa to all-time low of 84.38 against U.S. dollar in early trade

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Rupee falls 1 paisa to all-time low of 84.38 against U.S. dollar in early trade

Image used for representative purpose only | Photo Credit: C. Venkatachalapathy The rupee slipped 1 paisa to an all-time low of 84.38 against the U.S. dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee is likely to remain under…

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Business

On improving wind energy generation | Explained

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On improving wind energy generation | Explained

Wind turbines along the Kadayanallur-Tenkasi state highway road in Tamil Nadu. | Photo Credit: Jothi Ramalingam. B The story so far: Tamil Nadu, which is a pioneer in wind mill installations, has wind turbines that are over 30 years old. The Tamil Nadu government released the “Tamil Nadu Repowering, Refurbishment and Life Extension Policy for…

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Business