Infosyshas ruled out entering the capital-intensive data centre business, choosing instead to build its artificial intelligence (AI) strategy around enterprise services, smaller specialised models and partnerships with global AI companies. Outgoing Infosys CEO Salil Parekh said the company had considered a data centre push but concluded that the investment required would neither suit its balance…
Shares of Sedemac Mechatronics Ltd. will remain in focus on Friday, July 31, after global brokerage HSBC initiated coverage on the stock with a ‘Buy’ rating and a target price of ₹3,700. HSBC’s target price implies a potential upside of 40% from Thursday’s closing level. The brokerage said Sedemac’s advanced sensor-less motor control technology used…
The Indian rupee opened at a three-week high on Friday (July 31), strengthening to ₹95.39 against the US dollar, compared with Thursday’s (July 30’s) close of ₹95.68. The currency gained 29 paise at the open, supported by a broad decline in the dollar index, softer crude oil prices and continued intervention by the Reserve Bank…
Coal India production rises 8.4% in July State-owned Coal India Ltd has announced on Saturday that its production rose by 8.4 per cent to 50.36 million tonnes (MT) in July. Coal India Ltd (CIL) accounts for over 80 per cent of the country’s total coal production. Despite challenges posed by the rains, the company recorded…
JSW MG Motor India and Nissan Motor India reported strong sales growth in July 2026, with both automakers recording double-digit growth in wholesale volumes. JSW MG Motor India reported a 22% year-on-year rise in dealer dispatches to 8,158 units in July, marking its highest-ever monthly wholesale volume. The company said its new energy vehicle (NEV)…
Maruti Suzuki India Ltd. reported a 33.7% year-on-year rise in total sales in July 2026, driven by record domestic volumes and strong demand across passenger vehicles and utility vehicles. The country’s largest carmaker sold 2,41,421 units during the month, compared with 1,80,526 units in July 2025. Domestic sales, including light commercial vehicles (LCVs), reached an…
Gold loan financier Muthoot Finance reported a 43% year-on-year rise in consolidated net profit for the first quarter of FY27, driven by strong growth in its gold loan portfolio. The company’s consolidated profit after tax (PAT) rose to ₹2,825 crore in the quarter ended June 30, 2026, from ₹1,974 crore a year earlier. Consolidated loan…
Muthoot Finance on Saturday (July 1) announced a leadership transition, with its Board recommending the appointment of Alexander George as the company’s new Managing Director, effective October 1, subject to shareholders’ approval at the upcoming annual general meeting (AGM). The company’s current Managing Director, George Alexander Muthoot, who has led the gold loan lender for…
IIRM Holdings India has announced plans to raise ₹1,500 million (₹150 crore) through a mix of equity shares and fully convertible warrants, with the investment led by Carpediem Capital and Sanshi Fund-I. The proposed fundraise will be carried out at an issue price of ₹143.28 per security and remains subject to shareholder approval, along with…
Dividend Stock Alert: Bosch Ltd announces a record date for a final dividend of Rs 270 per equity share for the financial year ended March 31, 2026. The dividend will be paid on or before Friday, September 25, 2026, to shareholders whose names appear in the Register of Members as of the record date. “Recommended…
