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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Vietnam’s Vingroup-backed Green SM to expand India’s office space presence with Urban Vault
Green SM, Vietnam's electric ride-hailing service, is expanding its Indian operations. The company has partnered with Urban Vault for flexible workspaces. Green SM has leased 500 seats in Gurugram and plans to take 1,000 more in Noida and other cities. This collaboration supports Green SM's launch and growth across India, aiming to promote sustainable urban mobility.
Urban Company bets on micro-market densification to grow 2x faster than industry
The company said the densification strategy is built around increasing the concentration of both customers and service professionals within small, neighbourhood-level clusters. The densification strategy is also central to InstaHelp, the company's on-demand household-help business.
Excitel turns profitable after 10 years in a tough market
Excitel Broadband achieved its first annual net profit in FY2026. The company reported a profit of ₹40 crore on ₹530 crore revenue. This success comes from focusing on dense urban areas and state capitals. Excitel competes with larger players by offering faster speeds and better service. This marks a significant milestone for the standalone internet service provider.
Toyota launches Urban Cruiser Ebella E3: Check price, features, variants, range and more
Toyota Kirloskar Motor has launched the Urban Cruiser Ebella E3 electric SUV. The vehicle is priced at Rs 23,60,000 ex-showroom. It features a 61 kWh battery, Level 2 ADAS, and a 10.25-inch combimeter. Toyota offers an 8-year battery warranty and multiple financial schemes. The company also provides extensive service support with trained technicians.
Airtel launches 'Priority Postpaid' with a 'slicing' tech: Check the 5G plans
Bharti Airtel has launched "Priority Postpaid," a new service leveraging 5G slicing technology to enhance network experience for postpaid users. This innovation prioritizes connectivity for premium customers during high-traffic situations, ensuring stable performance for work and daily digital needs. It marks India's first deployment of slicing-based 5G services, offering a more reliable and dependable mobile experience.
Starbucks to open first corporate office in India for tech jobs
Starbucks is establishing its first corporate technology office in India, aiming for fiscal year 2027 to bring outsourced roles in-house and reduce costs. This move is part of a broader strategy to cut $2 billion in expenses and decrease reliance on external service providers, following recent layoffs and a shift of some tech roles to Nashville.
India plans central back office for rural banks amid rising AI risks
The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introduction of a central tech hub dedicated to digital service enhancements and fortified cybersecurity.
Urban Company Q4 Results: Stock falls 6% after loss widens on increased expenses
Instahelp, the service that Urban Company is making investments in, reported an EBIT loss of ₹119 crore during the quarter on revenue of ₹9 crore. The service had reported a revenue of ₹7 crore in December.
S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
Hexaware Tech shares rise 5% on launch of AI agent platform
The company said the platform integrates with core enterprise systems, including CRM platforms, IT service management tools among others.