Information and communications technology products distributor, Rashi Peripherals Ltd, on Tuesday (June 23), said its board of directors has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Ltd for a cash consideration of ₹368.50 crore, subject to completion of customary closing conditions. The company said the acquisition will be executed through…
Bajaj Auto Ltd on Tuesday disclosed that it had experienced a cybersecurity incident involving a ransomware attack that affected the systems of the company and its wholly owned subsidiary, Bajaj Auto Technology Ltd (BATL). The company said the incident occurred at around 8:00 a.m. IST on June 23. Following the detection of the attack, its…
The weekly expiry session turned out to be a difficult one for market participants, with benchmark indices witnessing broad-based selling amid weak global cues. The Nifty 50 opened on a subdued note and came under further pressure as a sharp sell-off across Asian markets weighed on investor sentiment. Sustained selling through the session dragged the…
State-owned Power Grid Corporation of India Ltd on Tuesday (June 23) said its committee of directors for bonds will meet on June 26, 2026, to consider and approve the General Information Document (GID) for the issuance of POWERGRID debentures during fiscal year 2026-27. The proposed issuance of debt securities, or bonds, will be undertaken on…
Stock Market Holiday: Investors and traders are set for a long weekend as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will observe a trading holiday on Friday, June 26, 2026, on account of Muharram. Trading in the equity, equity derivatives, and currency segments will remain suspended on both exchanges. The Multi Commodity…
The 30-share BSE Sensex tanked 893.39 points, or 1.16 per cent, to settle at 76,200.68. During the day, it plunged 1,011.56 points, or 1.31 per cent, to 76,082.51. Sensex Prediction tomorrow, June 24 by experts: Indian benchmark indices came under heavy selling pressure on Tuesday, with the BSE Sensex tumbling nearly 900 points and the…
The Centre has announced an Offer for Sale (OFS) in Indian Railway Finance Corporation (IRFC), seeking to divest a 1% stake in the company, with an additional 1% available through a greenshoe option. The OFS will open for non-retail investors on Wednesday, while retail investors will be able to bid on Thursday, Department of Investment…
Honasa Consumer Ltd, which owns FMCG brands such as Mamaearth and The Derma Co, on Tuesday (June 23) said its board of directors has approved the acquisition of a 58% equity stake in Fluence Pharma Private Ltd through a secondary purchase at an enterprise value of around ₹135 crore, subject to closing adjustments and completion…
IT services major Infosys Ltd on Tuesday (June 23) announced an expanded multi-year collaboration with GlobalFoundries, a semiconductor manufacturer, to deliver AI-led managed services across its enterprise IT operations. Under the collaboration, Infosys will manage GlobalFoundries’ end-to-end application, infrastructure, data and service desk operations. The engagement is positioned to strengthen AI-driven transformation across the company’s…
Infosys Ltd is already working with 90% of its top 200 clients on their artificial intelligence (AI) journeys, Chairman Nandan Nilekani said at the company’s 45th Annual General Meeting on Tuesday, underscoring the growing role of technology services firms in helping enterprises adopt AI at scale. Addressing concerns over AI’s impact on the IT services…
