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HCLTech Soars: Brokerage Upgrades Target Amid Promising Growth Prospects!

HCLTech Soars: Brokerage Upgrades Target Amid Promising Growth Prospects!

Nuvama, a domestic brokerage, has upgraded its target price for HCL Technologies (HCLTech) to Rs 2,020 per share, a 15.5% increase from the previous Rs 1,800. The upgrade reflects HCLTech’s robust growth potential and improved capital allocation strategy. Key drivers include significant growth in data, AI, and cloud services, with management predicting double-digit industry growth ...

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Major Merger: Singapore Airlines Joins Forces with Air India to Soar

Major Merger: Singapore Airlines Joins Forces with Air India to Soar

Singapore Airlines has received approval from the Indian government for foreign direct investment related to the merger of its airline Vistara with Air India. This significant deal, announced in November 2022, will create one of the world’s largest airline groups, with Singapore Airlines acquiring a 25.1% stake in Air India. The merger is expected to ...

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Elon Musk vs. Brazilian Justice: A Battle of Free Speech and Power

Elon Musk vs. Brazilian Justice: A Battle of Free Speech and Power

Elon Musk is facing backlash in Brazil from Supreme Court Justice Alexandre de Moraes, who is leading efforts against fake news and hate speech. The judge has ordered the freezing of Starlink’s bank accounts in Brazil to enforce fines against X, the social media platform formerly known as Twitter. Musk, criticizing Moraes as a “criminal ...

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Zoho Launches Payment Revolution: A Unified Solution for Businesses

Zoho Launches Payment Revolution: A Unified Solution for Businesses

Zoho Corporation, a leading software-as-a-service company, has officially launched Zoho Payments, a new unified payment solution designed to help businesses accept online payments seamlessly. This announcement was made during the Global Fintech Fest in Mumbai, where the company also introduced business-to-business (B2B) payment capabilities using the Bharat Bill Payment System. The new payment solution aims ...

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India Rises: Claiming Second Place in Global Tech Research Rankings

India Rises: Claiming Second Place in Global Tech Research Rankings

India has made significant strides in global research, ranking among the top five countries in 45 out of 64 critical technologies in 2023, a substantial increase from 37 the previous year. The Critical Technology Tracker report reveals that India now holds the second position in key areas such as biological manufacturing and distributed ledger technology, ...

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LIC Faces ₹605.58 Crore GST Demand Amid Taxation Controversy

LIC Faces ₹605.58 Crore GST Demand Amid Taxation Controversy

Life Insurance Corporation of India (LIC) has received a tax demand notice amounting to approximately Rs 605.58 crore due to a short payment of Goods and Services Tax (GST) for the financial year 2019-20. The notice indicates issues related to incorrect input tax credit claims and late payment interest. This demand includes a breakdown of ...

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GE Power India Appoints Puneet Bhatla as New Managing Director

GE Power India Appoints Puneet Bhatla as New Managing Director

GE Power India has announced the appointment of Puneet Bhatla as its new Managing Director, starting from September 1, 2024. Previously serving as the Executive in Business Operations services, Bhatla’s new role is pending member approval. As a result of this appointment, Bhatla will no longer be considered part of the “senior management” under listing ...

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GE Power India Appoints Puneet Bhatla as New Managing Director

GE Power India Appoints Puneet Bhatla as New Managing Director

GE Power India has announced the appointment of Puneet Bhatla as its new Managing Director, starting from September 1, 2024. Previously serving as the Executive in Business Operations services, Bhatla’s new role is pending member approval. As a result of this appointment, Bhatla will no longer be considered part of the “senior management” under listing ...

Market News

"Mukesh Ambani Unveils RIL’s Ambitious Future: Bonus Shares, Energy Expansion, Retail Surprise"

"Mukesh Ambani Unveils RIL’s Ambitious Future: Bonus Shares, Energy Expansion, Retail Surprise"

Mukesh Ambani, Chairman of Reliance Industries (RIL), addressed the 47th annual general meeting in Mumbai on August 29, 2024. He announced key developments, including a proposal to issue 1:1 bonus shares and detailed plans to position RIL among the world’s top 30 companies by leveraging advanced technology and manufacturing. While he didn’t provide updates on ...

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