KEC International has received a significant relief after Power Grid Corporation of India (PGCIL) revoked its exclusion order, allowing the company to immediately participate in PGCIL tenders and contracts as a bidder or sub-contractor. The order, which came into effect on November 18, 2025, had barred the company from participating in Power Grid tenders for…
Persistent Systems announced that it has signed a Business Combination Agreement with Nagarro SE to form the “Persistent – Nagarro Group,” aimed at creating a global AI-led digital engineering company. According to the company’s press release, Persistentplans to launch a voluntary public takeover offer for all outstanding Nagarro shares at a cash consideration of EUR…
Aurobindo Pharma informed stock exchanges that the United States Food and Drug Administration (US FDA) has completed an inspection at Auroactive Pharma Private Limited, a wholly owned subsidiary of the company. According to the regulatory filing, the inspection was conducted at the subsidiary’s manufacturing facility located in Sancham Village, Ranasthalam Mandal, Srikakulam District, Andhra Pradesh,…
Aadar, Aadaab, Abhinandan, Abhaar! We’re back with the latest brew on the markets. Kaale Megha have arrived, but the taps haven’t opened in full force just yet. Yes, there was an occasional downpour in Mumbai, but lake levels are still sub-10% and just as we did in school, if writing Barso re Megha Megha a…
Former HDFC Bank Chairman Atanu Chakraborty has said he repeatedly sought clarity from the bank’s Board on the scope and legal basis of the independent review initiated after his resignation, but did not receive any response. In an exclusive response to CNBC-TV18 following the bank’s disclosure of a “clean chit” by external law firms, Chakraborty…
Wall Street towards weekly loss! S&P 500, Nasdaq end lower as AI-linked chip stocks extend losses (Image source: Shutterstock/ET NOW) Wall Street towards weekly loss: Wall Street saw a downturn on Friday, primarily driven by another sharp selloff in AI-linked stocks. The S&P 500 ended marginally lower, with a steep drop in AI-related chip stocks…
SpaceX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, June 26 paving the way for a surge in passive investments in Elon Musk’s rocket and AI giant. Inclusion in the index typically boosts the stock price, as exchange-traded funds looking to replicate the index’s performance…
HDFC Bank on Friday said an independent legal review conducted by two external law firms has found no evidence to substantiate allegations made by former chairman Atanu Chakraborty in his resignation statement. The former chairman of the bank had abruptly resigned in March alleging ethical concerns. The bank informed stock exchanges that the review, announced…
Index provide MSCI Inc. has retained South Korea in its Emerging Market index and has also refrained from starting a formal review process to upgrade the country’s stock market to a “developed market” status. The New York-based MSCI made this announcement in its annual market-classification review on Tuesday, June 23 in an official statement. Although…
Asian shares increased in early trade post a global tech-led selloff in the previous session. The MSCI Asia Pacific index increased 0.8% after falling 3.6% on Tuesday. South Korea’s chip-heavy Kospi increased over 3% after falling 10% on Tuesday. US equity futures also edged higher after the Nasdaq 100 plunged 3.3% on Tuesday and the…
