Auto components maker Rane (Madras) Ltd on Tuesday (June 30) said it has entered into a Business Transfer Agreement with Hindustan Composites Ltd to acquire its friction business on a slump sale basis for an enterprise value of ₹370 crore. The acquisition, approved by the company’s board of directors, covers Hindustan Composites’ friction business along…
Indian equity benchmarks extended their losing streak for a second straight session on Tuesday, with the Nifty50 ending 80 points, or 0.34%, lower at 23,865 amid a volatile monthly F&O expiry session. The index opened on a positive note but failed to sustain above the 24,000 mark. Selling pressure emerged at higher levels through the…
Surging global demand for Lotus Bakeries NV’s Biscoff biscuits has helped propel the Belgian snack maker’s shares nearly 590% over the past decade, far outpacing the broader global food sector. The stock has risen 47% so far this year, even as food and consumer staples companies have largely struggled worldwide. Biscoff is now among the…
Realty firm Prestige Estates Projects Ltd on Tuesday (June 30) launched Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai, with an estimated gross development value (GDV) of ₹2,200 crore. The phase comprises Towers C (in part) and Tower D, and is located at the foothills of Yogi Hills in Mulund West,…
Hexaware Technologies has launched Tensai for Reasoning Ops, the first generally available operating stage of its Tensai Agentic ITOps platform, aimed at bringing agentic AI to enterprise IT operations. According to the company, the platform enables AI agents to read live operational signals, reason over enterprise context and recommend evidence-backed actions, while human experts validate…
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd sign…Read More 1/9 KPIT Technologies | The company said it expects a weaker-than-anticipated performance in the first quarter of FY27, with revenue likely to decline by about 1% year-on-year. The company also…
US stocks traded mixed on Tuesday, June 30, as investors weighed higher oil prices and lingering uncertainty over developments in the West Asia, while Wall Street remained on track to cap a strong first half and second quarter. The Dow Jones Industrial Average fell about 118 points, or 0.2%, after closing at a record high…
KPIT Technologies on Tuesday said it expects its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations after a sudden slowdown in business from several European automakers, although it remains confident of delivering sustainable, profitable growth in the second half of the financial year. The company said it expects USD reported…
Fintech firm Zaggle Prepaid Ocean Services Ltd on Tuesday, June 30, signed a five-year agreement with APAC Financial Services Private Ltd, a technology-led non-banking financial company (NBFC), to provide its enterprise software platforms. Under the agreement, Zaggle will provide Zoyer, its procurement and spend management platform, along with Zaggle Save, its employee expense management and…
L&T Technology Services(LTTS) on Tuesday, June 30, launched Ainfonix 4.0, an artificial intelligence-powered platform designed to help process industry companies convert engineering documents and technical records into structured digital data. The company said the engineering intelligence platform is aimed at addressing a longstanding challenge for industrial enterprises, where engineering knowledge is often stored across fragmented…
