SEBI has given the green light to 13 companies, including Urban Company and Imagine Marketing (boAt), for their IPO launches. These firms aim to collectively raise over Rs 15,000 crore through a mix of fresh issues and Offer For Sale (OFS), with funds allocated for expansion, debt repayment, and providing exit opportunities.
Tata Consultancy Services has implemented salary increases for most of its staff, ranging from 4.5-7%, effective September 1, following a five-month delay. These increments, applicable to employees up to grade C3A, coincide with plans to reduce the workforce by approximately 2%.
Indian banks are facing increased operational risks from deposit accounts due to the rise in mule accounts and money laundering, prompting stricter KYC checks and transaction monitoring. The RBI’s MuleHunter.AI initiative aims to detect and eliminate these fraudulent accounts, with more banks joining the effort. Competition for deposits further complicates the screening process, requiring enhanced…
Nestlé abruptly dismissed CEO Laurent Freixe after an internal investigation revealed an undisclosed romantic relationship with a subordinate, violating the company’s code of conduct. Chairman Paul Bulcke confirmed the decision, emphasizing Nestlé’s strong values. Freixe’s departure, less than a year after his appointment, sees Nespresso CEO Philipp Navratil stepping in as his successor.
Prime Minister Narendra Modi inaugurated Semicon India 2025, emphasizing India’s ambition to become a semiconductor hub. He received the first made-in-India Vikram 32-bit processor and highlighted the nation’s commitment through reforms and investments. Modi envisions India as a key player, designing, manufacturing, and exporting trusted semiconductors globally, driving significant change and economic growth.
Prime Minister Modi received India’s first indigenous semiconductor chip, the Vikram processor, at Semicon India 2025. Union IT Minister Vaishnaw highlighted the rapid progress driven by the India Semiconductor Mission, with five units under construction and significant investment committed. Industry leaders praised India’s growing role and potential in the global semiconductor market, projecting substantial growth…
Gold price prediction today: Gold prices are surging, driven by expectations of Federal Reserve rate cuts and geopolitical uncertainties. Spot gold reached $3,475, while MCX October gold hit Rs 104,724. Analysts suggest buying on dips, anticipating a test of the all-time high at $3,500, with potential resistance at $3,650 and support at $3,450.
India is a key hub for chip design, hosting 20% of the world’s engineers in the field. Global tech giants have established R&D centers in India, where teams execute critical tasks like logic translation and performance optimisation. Fueled by government incentives and a projected surge in semiconductor consumption, India aims to become a major chip…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday following a strong rally the previous day. While Nifty50 was above 24,600, BSE Sensex was up over 200 points.
Stock market recommendations: Mirae Asset Sharekhan’s Somil Mehta recommends buying Coforge and BlueStar. Coforge, trading between Rs 1760-1770, shows a flag pattern breakout, targeting Rs 1880. Similarly, BlueStar, in the Rs 1945-1955 range, also exhibits a bullish flag pattern, aiming for Rs 2100, with positive momentum indicators supporting the uptrend for both stocks.
