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Global rally prompted a surge in domestic equities after US central bank hinted at rate cuts. Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates, JSW Energy, Ambuja Cements, Sanghi Industries, RIL, Vedanta, Paytm, Tech Mahindra, Paradeep Phosphates, Maruti Suzuki, RVNL in focus.
Ambuja Cements Stock: To meet the minimum public shareholding norm, the company pared 2 per cent stake in Sanghi Industries.
TECH NEWS News: Tech Mahindra plans to merge Born Group and Tech Mahindra (Americas) to optimize operations and reduce costs. The merger, effective April 1, 2024, awa
Tech Mahindra to merge Born Group and Tech Mahindra (Americas) for efficiency and risk reduction. Pending approvals. Effective April 1, 2024, no cash or new shares. Synergy in operations, USD 55.08M and USD 1,201.37M turnovers.
According to the filing, the turnover of BORN and TMA for the financial year ended 31st March 2023 is USD 55.08 million and USD 1,201.37 million respectively.