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Xchanging Solutions consolidated net profit declines 22.53% in the March 2021 quarter

Xchanging Solutions consolidated net profit declines 22.53% in the March 2021 quarter
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Xchanging Tech settles norms violation case with SEBI


Xchanging Tech settles norms violation case with SEBI
The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations
PTI | February 16, 2021 | Updated 21:17 IST
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Xchanging Technology Services India on Tuesday settled with Sebi a case of alleged violation of takeover norms in relation to XChanging Solutions Ltd after paying Rs 65.24 lakh as settlement charges.
The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations.
According to the three-page order, the applicant also agreed to pay the differential amount in case there is an adverse outcome related to an appeal pending before the Securities Appellate Tribunal (SAT). ....

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Xchanging Technology Services India settles case with markets regulator


Xchanging Technology Services India on Tuesday settled with Sebi a case of alleged violation of takeover norms in relation to XChanging Solutions Ltd after paying Rs 65.24 lakh as settlement charges.
The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations.
According to the three-page order, the applicant also agreed to pay the differential amount in case there is an adverse outcome related to an appeal pending before the Securities Appellate Tribunal (SAT).
In May 2016, a merger agreement was entered into between Hewlett Packard Enterprise (HPE), Computer Sciences Corporation (CSC) and DXC Technology Company. The transactions contemplated under the agreement were completed in April 2017. ....

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market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday


Wall Street closed for Martin Luther King day
Wall Street was closed on Monday on account of Martin Luther King day. The Dow Jones Industrial Average closed 177.26 points, or 0.57% lower, at 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50.
European shares slip on economic recovery worries
European stocks inched lower on Monday as French retailer Carrefour tumbled after ending 16.2 billion euro ($19.57 billion) merger talks with Alimentation Couche-Tard, with worries about a slow economic recovery keeping investors on edge. The pan-European STOXX 600 index was up 0.16% after snapping a four-week winning run on Friday, with losses in oil and utilities offset by gains in technology stocks. ....

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