Announcements

Happiest Minds to acquire PureSoftware Technologies for up to Rs 779 crore

PureSoftware Technologies, with a paid-up capital of Rs 3.23 crores and a turnover of Rs 351 crores for fiscal 2024, will be acquired through an upfront cash consideration of Rs 635 crores.

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

MG Motor India welcomes Tesla's entry into local EV market, foresees increased competition

However, Chaba cautioned that the demand for EVs in India could remain subdued due to concerns about insufficient charging infrastructure. He emphasized the importance of addressing these infrastructure gaps.

Tesla Q1 results: EV major promises affordable cars; stock rises over 10%

Tesla highlighted the continued pressure on global EV sales, with many automakers prioritising hybrids over EVs. However, according to the company’s statement, Tesla remains committed to promoting EV adoption in line with its mission.

Live: JNK India’s Rs 650 Cr IPO kicks off; should you subscribe?| Management on future outlook

Maharashtra-based JNK India’s Rs 650 cr IPO has kicked off for subscription. The price band has been set at Rs 395-415 a share and the IPO will close on April 25. The IPO consists of fresh shares of Rs 300 crore and an offer-for-sale of up to 8.42 million shares by its existing shareholders and promoters. On the upper price band, the issue size will be Rs 650 crore and the post-issue market capitalisation is likely to be Rs 2,300 crore. The company has raised Rs 195 crore from institutional investors on April 22. Institutional investors including Goldman Sachs, Allianz Global Investors Fund, Natixis International Funds, Kotak Mutual Fund, HDFC Mutual Fund, Nippon Life India, Mirae, DSP Mutual Fund, Edelweiss Trusteeship, LIC Mutual Fund, Bajaj Allianz Life Insurance Company and Aditya Birla Sun Life Insurance Company invested in the company via anchor book. Catch Nandita Khemka in conversation with Arvind Kamath, Chairperson and Goutam Rampelli, Director of the company.

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

Live: Indian market downtrend done? | Q4 earnings: RIL, HDFC bank | Opening Bell

After witnessing a sharp recovery on Friday, Nifty could trade in a range ahead of April series expiry this week. Divergent cues could keep investors on edge as Geo political tensions and elections are factors that could be at play. Big corporate earnings like RIL, HUL expected this week. Moneycontrol’s Stacy pereira discussed all this with Kunal Rambhia—Fund Manager, The Streets and Kranthi Bathini, Equity strategist at WealthMills securities on Opening Bell

Barclays appoints Arun Saigal to dual leadership role in India

In his expanded role, Saigal will further strengthen the bank’s relationship with its top clients and will be responsible for driving further growth and synergies in our market leading M&A and Financing businesses, the bank said.

LIVE: Wipro Management On Wipro Q4 Earnings & Future Outlook

Wipro Management On Wipro Q4 Earnings & Future Outlook. Watch the presser live on Moneycontrol to know more.

Live: Sensex, Nifty climb despite geopolitical tensions| Bajaj Auto & HDFC Bank In Focus|Closing Bell

BSE Sensex was up by 0.76% or 550 points to 73,041.27 while NSE Nifty was at 22,142 up by 0.65% or 142 points A total of 3,890 stocks were actively traded, 1,698 advanced, 2,071 declined and 121 stocks remained unchanged. 171 stocks hit 52 week high and 19 stocks hit 52 week low on the BSE. Catch Yatin Mota and Santosh Nair as they discuss stocks on their radar including Bajaj AUto and Infosys

Dixon subsidiary Padget Electronics ties up with Longcheer for smartphone production

The collaboration will enhance Padget Electronics' offerings in the global smartphone market, Dixon has said

LIVE: Infosys management on Infosys Q4 earnings & future outlook

Infosys On Q4 Earnings & Future Outlook. Watch the Presser live on Moneycontrol to know more.

Vodafone Idea’s mega Rs 18,000 Cr FPO opens| GQG among investors| CEO Akshaya Moondra on future plans

Vodafone Idea’s mega Rs 18,000 cr FPO opens for subscription. The company has raised Rs 5,400 crore from 74 anchor investors, the company announced in a press statement on Wednesday. The investors include GQG Partners, The Master Trust Bank of Japan, UBS, Morgan Stanley Investment Management, Citigroup Global Markets, Australian Super, Fidelity, Quant, and Motilal Oswal. In an interview to Moneycontrol’s Nandita Khemka, CEO Akshay Mundra highlights the company's strategy to address subscriber loss by prioritising 4G coverage and capacity growth. Despite challenges, including a significant portion of 2G subscribers, Vodafone Idea aims to align ARPU growth with industry peers.

LIVE: Nifty sees triple-digit fall for third day| Bharti Hexacom, Exide in focus| Closing Bell

Third day of selloff; Nifty drops below 22,200. Sensex drops below 73,000; India VIX rises further Broader markets outperform benchmarks. Breadth in favour of gainers; NSE advance-decline ratio at 2:1 .Nifty Bank below 47,500; IT top laggard. PSU Banks, metals among sectoral losers. Catch Nandita Khemka and Yatin Mota as they discuss stocks on their radar including Exide and Bharti Hexacom

Citi confirms Arvind Vashistha to continue as Head of India Equity Capital Markets

Vashistha, a chartered accountant, joined Citi as head of equity capital markets in November 2014 from UBS

Live: Nifty drops over 200 points amid broad-based weakness| Closing Bell

Nifty snaps record run; index skids over 200 points .Benchmarks underperform broader markets Breadth weak; advance-decline ratio at 1:2. All sectors in the red led by pharma, FMCG & IT. Catch Yatin Mota and Nandita Khemka as they discuss stocks on their radar including TCS and Entero Healthcare

Lupin, Glenmark, Natco recall products from US markets

Lupin recalled 26,352 bottles of Rifampin capsules, used in the treatment of tuberculosis

Live: Further up move for Indian Market | Block deal bonanza: Axis Bk & Gland Pharma | Opening Bell

Indian equity markets saw a strong start to the week with the benchmarks conquering new highs.Investors seem hopeful for further rally towards 22,800 level on the Nifty 50. ON wall street stocks traded rather flat, while asian markets are poised for a positive start given the jump in U.S. Treasury yields. Among stocks in focus will be Axis Bank, Gland pharma on reports of likely block deals, Tata Motors & Eicher motors will be in focus as well as stocks like Dixon tech in the midcap space. Moneycontrol's Stacy Pereira speaks with Kunal Rambhia, Fund Manager, The Streets and Rishi Kohli, Managing Partner & CIO, Hedge Fund Strategies, InCred Alternative Investments on Opening Bell.

Indian pharmaceutical market registers 9.5% growth in March

While most of the corporates have shown double digit value growth, unit growth remains a challenge for the Indian pharma market, according to analysts

Live: Silver prices in India at all time high near Rs 82,000/kg | Commodities Corner

Global Silver prices at 3-year high near $28/oz . Prices in India at all time high near Rs 82,000/kg. Silver takes support from record gold levels. -1/3rd supply consumed by solar industry. Manisha Gupta tells more about it

Piramal Alternatives invests Rs 110 crore in Biodeal Pharmaceuticals

The strategic investment will fuel Biodeal's development of innovative solutions, enhance its production capabilities with advanced technology, and expand operations, positioning it as a leading nasal spray manufacturer

RBI Monetary Policy | Private consumption looks set to gain steam soon: Governor Das

The central bank expects increased rural activity and consistent urban demand to boost consumption

General Atlantic to acquire majority stake in hospital chain Ujala Cygnus

General Atlantic's former investments in India in the sector include Rubicon Research, ASG Eyecare and Hyderabad's KIMS Hospitals.