Market News
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Wipro to acquire additional 20% stake in Aggne Global IT Services for $2.1 million
Shares of Wipro Ltd ended at ₹182.80, down by ₹1.65, or 0.89%, on the BSE.
Bosch Home Comfort OFS: Bosch Global Software Technologies to exercise green shoe option
Shares of Bosch Home Comfort India Ltd ended at ₹1,405.95, up by ₹127.80, or 10.00%, on the BSE.
Infosys ADR falls nearly 5% after Accenture guidance cut
Infosys ADRs fell more than 4% in premarket trading after Accenture lowered its annual revenue growth guidance, triggering a broad selloff across global IT services stocks and outsourcing companies.
Coforge’s FY30 plan is bold. Now it needs global macros to turn favourable for IT sector
Coforge aims to double revenue to $5 billion by FY30 through 15% organic growth, AI-led opportunities and acquisitions such as Encora. Strong deal wins and a growing order book support the outlook, though macroeconomic uncertainty, AI disruption and integration risks could challenge execution.
Stocks in news: IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCL
Markets extended their winning streak for the fourth consecutive session, driven by favorable global cues and sustained sector-wide buying. The Nifty reclaimed the 24,000 mark, approaching the 100-day EMA near 24,150. Stocks like IFCI, Tata Motors, and HFCL are in focus due to significant news developments, including IPO filings, turnaround projections, and major order wins.
Jeh Aerospace signs multi-year manufacturing pact with Solestra for dedicated unit in Hyderabad
Hyderabad's Jeh Aerospace is partnering with North America's Solestra Group to establish a dedicated manufacturing center. This Global Manufacturing Center will serve as an exclusive production cell for Solestra, enhancing its capacity and cost-competitiveness. The collaboration aims to diversify global aerospace supply chains and build manufacturing strength outside traditional hubs, focusing on high-precision mechanical systems for aero-engine and aircraft applications.
US stocks edge higher as tech recovers; Markets await Fed decision under Kevin Warsh
US stocks edged higher as tech shares led a mild rebound ahead of the Federal Reserve’s first policy decision under new Chair Kevin Warsh, with investors cautious amid global uncertainty. The Dow, S&P 500 and Nasdaq all posted modest gains as markets awaited signals on rates and the economic outlook.
Stocks to Watch for June 18: Lupin, HFCL, RVNL, Apollo Hospitals and more
Lupin, HFCL and RVNL have announced key business wins, while Bosch Global Software Technologies plans an OFS in Bosch Home Comfort India. Apollo Hospitals has also settled an RBI compounding case with a ₹17.8 crore payment. Here are stocks to watch ahead of Thursday’s session.
Bosch Home Comfort OFS: Bosch Global Software likely to sell 7.97% stake
Shares of Bosch Home Comfort India Ltd ended at ₹1,284.70, down by ₹65.30, or 4.84%, on the BSE.
Fadnavis proposes creation of special rail freight corridor to link ports with Samruddhi Expressway
Maharashtra plans a dedicated rail freight corridor. This corridor will connect major ports like JNPT and Vadhvan Port with the Samruddhi Expressway. The initiative aims to significantly cut logistics costs. It will also link inland dry ports and industrial hubs across the state. This integration will bring more of Maharashtra into global supply chains.
TCS bags multi-year deal with Elopak ASA
Tata Consultancy Services (TCS) has announced a multi-year partnership with Elopak ASA, a global leader in paper-based packaging and filling equipment, operating in over 40 countries and serving customers in more than 70 markets.
TCS signs multi-year IT services deal with Elopak
Tata Consultancy Services (TCS) announced a multi-year partnership with Elopak ASA, a global leader in paper-based packaging and filling equipment operating across more than 40 countries and serving customers in more than 70 markets.