The company intends to divest its 10-acre campus in Gachibowli, Hyderabad, as well as a 14-acre campus in Siruseri, Chennai, in line with its cost-cutting restructuring plan to save $400 million over two years, including vacating 11 million square feet of office space, The Economic Times reported. Cognizant is re-evaluating its entire real estate portfolio...
Shares of airline SpiceJet Ltd rose over 7% to a fresh 52-week high after the airline said the company shall soon be listing its securities on National Stock Exchange of India. The move will help the airline to reach wider investor base, it said. Sentiment around the stock was also positive as the company’s board will meet...
Shares of Adani Total Gas Ltd snapped their sharp four-day upward run in Friday’s trade. The stock was last seen trading 1.73 per cent lower at Rs 1,139. At this price, the multibagger scrip has gained 109.78 per cent in the past one month. Out of which, 53 per cent of the spike came in last five...
The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing...
India is poised to become the next big travel market in the world, projected to hit the fifth rank in outbound travel with spends of $89 billion in 2027 as compared with the current 10th position with $38 billion in 2019. The projections are in a report by Bernstein that tries to identify the potential...
Shares of One97 Communications, the parent entity of digital payment app Paytm, tumbled in today’s trade, hitting the lower circuit limit of 20%, reaching ₹650.45 apiece. This sharp fall came after the company announced plans to cut down on small ticket loans amid regulatory changes. According to analysts, the company’s decision to shift focus away from small...
Sensex Today | Share Market Live Updates: India’s benchmark indexes ended at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a US rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party’s victory in key state elections. US...
Adani group shares extended gains on Monday amid a record breaking rally in the broader market following state poll results, taking the total market valuation of group companies to close ₹ 12 lakh crore mark. Adani Green Energy zoomed 9.43 per cent to close at ₹ 1,123.35 apiece, Ambuja Cements rallied 7.32 per cent to ₹ 474.45, flagship firm Adani Enterprises...
Life Insurance Corporation (LIC) is planning to open office in GIFT International Financial Services Centre Gandhinagar (Gujarat) during the current fiscal to further its overseas business. LIC’s presence in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC) will enable the company to expand its global business. “We are going to open our...
Tata Technologies Ltd shares soared to an impressive 180 per cent above their issue price during their maiden trading session on Thursday, marking the most spectacular debut on the Indian stock market so far in 2023. The shares commenced trading at ₹ 1,200 on the National Stock Exchange (NSE) and ₹ 1,199 on the BSE, representing a staggering 140...