 "Compass Group India aims to capture significant market share, planning to double its business in food services over the next three years.")
Compass Group India is rapidly expanding its food service business in India, aiming to double its operations every three years. The company, recently acquiring ICS Foods, is focusing on sectors like manufacturing, education, and healthcare. With a goal to serve over two million meals daily and grow its presence to 600 client locations by 2027, ...
 "HDB Financial Services launched a Rs 2,500 crore IPO, showcasing robust growth and a promising future under HDFC Bank’s guidance.")
HDB Financial Services Ltd, a part of the HDFC Group, has received approval for its initial public offering (IPO), aiming to raise up to Rs 2,500 crore. This IPO includes a fresh issuance of shares and an offer for sale by existing shareholders, pending necessary approvals and Market conditions. Currently, HDFC Bank holds a significant ...
 "A fire at Jio’s data center sparked a nationwide outage, impacting millions as services struggled to recover.")
A fire at Reliance Jio’s data center has caused a nationwide network outage in India, affecting over 10,000 users according to Downdetector. The majority of complaints are related to mobile network issues, while others are facing internet and broadband disruptions. Fortunately, the fire has been contained, and efforts are underway to restart server operations soon. ...
 "ICRA ESG assigns its inaugural ESG rating to InCred Financial Services, signaling a transformative step towards sustainable investment in India.")
ICRA ESG Ratings Limited has announced its first Environmental, Social, and Governance (ESG) rating for InCred Financial Services, a non-banking financial company. Recently registered as a Category-I ESG Rating Provider by SEBI, ICRA ESG aims to aid investors in understanding non-financial risks and opportunities. InCred received a rating of Impact 57, categorized as Moderate. This ...
 "Infosys and Proximus forge a strategic partnership, enhancing digital services and security solutions for businesses and residents in Belgium.")
Infosys, a leading IT services firm, has joined forces with Belgium’s Proximus Group to enhance their digital offerings. This strategic partnership aims to create new business opportunities by developing a joint Market approach. By combining Infosys’ digital services with Proximus’ International affiliates’ products—such as Route Mobile’s Communications Platform and Telesign’s Digital Identity solutions—they plan to ...
 "Bandhan Bank unveils GST payment service, enhancing access to government services and confirming its role in revenue collection in West Bengal.")
Bandhan Bank has introduced a new service enabling both customers and non-customers to pay Goods and Services Tax (GST) online and offline. This initiative is part of the bank’s commitment to providing easier access to government services, according to Rajinder Babbar, Executive Director and Chief Business Officer. As a Kolkata-based private bank, Bandhan Bank has ...
 "Max Ventures divests 3.18% stake in Max Financial Services for ₹1,218 crore, reducing promoter shareholding dramatically amid market fluctuations.")
Max Ventures Investment Holdings, a promoter of Max Financial Services Ltd (MFSL), recently sold a 3.18 percent stake in the company for Rs 1,218 crore through an open Market transaction. This sale involved the disposal of 11 million shares at an average price of Rs 1,107.37 each. Following this transaction, the combined shareholding of the ...
 "India’s Services Sector Surges: PMI Hits Five-Month High Amid Cost Pressures")
India’s services sector saw its strongest growth in five months, with the Services Purchasing Managers’ Index (PMI) rising to 60.9 in August, up from 60.3 in July. This marks an ongoing expansion above the crucial 50-point mark since August 2021, driven by increased domestic orders and resilient demand despite a slight dip in international orders. ...
 "Chaos in Mumbai: Harbour Line Train Services Halted Due to Equipment Fail")
Local train services on the Harbour line of Mumbai’s Central Railway faced disruptions on August 31, 2024, due to a malfunction in the overhead equipment between Mankhurd and Vashi stations. The issue began around 7:30 AM, halting services for two hours and causing delays of over 30 minutes once operations resumed. Commuters were significantly affected ...
 "In a riveting update at the 47th AGM, Reliance Industries Chairman Mukesh Ambani announced that Reliance Jio has ascended to unparalleled heights, becoming the world’s largest data network while catalyzing India’s transformation into the largest data market globally. With the triumphant completion of its nationwide 5G rollout, the telco now boasts over 130 million 5G users, eyeing massive growth in home broadband services targeting 1 million new customers monthly. As 5G adoption soars, Jio’s strategic position to absorb 200 million 2G users opens new vistas, solidifying its dominance in the digital era.")
Reliance Jio has become the world’s largest data company, handling 8% of the global internet traffic according to Chairman Mukesh Ambani. This achievement highlights Jio’s rapid growth and its pivotal role in enhancing digital connectivity on a global scale. Read more to find out how Jio is transforming the data landscape and what this means ...
