Tata Consultancy Services (TCS) said that it has entered into a strategic partnership with Enento Group for transforming the latter’s IT applications, cloud, digital workplace, and IT security for resilient business operations.
Posts in category Business Standard
Sensex tumbles 628 pts; PSU bank rally for 2nd day (08-02-2024)
At 11:26 IST, the barometer index, the S&P BSE Sensex, dropped 627.49 points or 0.87% to 71,524.51. The Nifty 50 index declined 173.95 points or 0.79% to 21,756.55.
RBI Proposes to enable additional use cases for CBDC pilot (08-02-2024)
The CBDC Retail (CBDC-R) pilot currently enables Person to Person (P2P) and Person to Merchant (P2M) transactions using Digital Rupee wallets provided by pilot banks. The Reserve Bank of India now proposed to enable additional use cases using programmability and offline functionality. Programmability will permit users like, for instance, government agencies to ensure that payments are made for defined benefits. Similarly, corporates will be able to program specified expenditures like business travel for their employees. Additional features like validity period or geographical areas within which CDBC may be used can also be programmed. Second, it is proposed to introduce an offline functionality in CBDC-R for enabling transactions in areas with poor or limited internet connectivity. Multiple offline solutions (proximity and non-proximity based) across hilly areas, rural and urban locations will be tested for this purpose. These functionalities will be introduced through the pilots in .
Rate sensitive shares trade mixed post RBI policy; SBI surges 6% (08-02-2024)
The Reserve Bank of India’s Monetary Policy Committee (RBI MPC) on Thursday decided to keep the repo rate unchanged at 6.5 per cent for the sixth consecutive time.
Sobha slides after Q3 PAT drops 53% YoY to Rs 15 cr (08-02-2024)
Sobha declined 4.01% to Rs 1,413.10 after the real estate developer’s consolidated net profit dropped 52.58% to Rs 15.08 crore in Q3 FY24 as against Rs 31.80 crore posted in Q3 FY23.
Volumes jump at Jupiter Wagons Ltd counter (08-02-2024)
Jupiter Wagons Ltd witnessed volume of 55.82 lakh shares by 10:47 IST on BSE, a 27 times surge over two-week average daily volume of 2.07 lakh shares
UK Pound Steadies Around $1.2632 As Dollar Stays Muted (08-02-2024)
UK pound is steadying around $1.2632 on Thursday after coming off an eight week low hit at the start of the week. Slight bearish tone in the greenback is keeping the GBPUSD pair supported. The dollar index however continues to stay near 104 mark amid cautious tone from Federal officials that could cap upside for GBPUSD. Federal Reserve Governor Adriana Kuglers said on Wednesday that inflation is showing solid signs of slowing down, but she is not ready yet to start lowering interest rates. Minneapolis Fed President Neel Kashkari also expressed caution about cutting rates too quickly and said he only expects two or three reductions this year. The pair is currently quoting at $1.2633, almost flat on the day. Meanwhile, GBPINR futures pair on the NSE lost momentum and dipped marginally to 104.82.
RBI Forecasts FY25 GDP Growth At 7%, Inflation Retained At 4.5% (08-02-2024)
April-June 2024 GDP growth forecast is raised to 7.2 percent from 6.7 percent. July-September 2024 GDP growth forecast raised to 6.8 percent from 6.5 percent. October-December 2024 GDP growth forecast raised to 7.0 percent from 6.4 percent. January-March 2025 GDP growth forecast pegged at 6.9 percent.
Tata Consumer slips after Q3 PAT slides 21% YoY to Rs 279 cr (08-02-2024)
Tata Consumer Products declined 1.90% to Rs 1,143.95 after the company reported 20.72% decline in consolidated net profit to Rs 278.87 crore in Q3 FY24 as against Rs 351.76 crore recorded in Q3 FY23
Indices trade near flat line; FMCG shares decline (08-02-2024)
At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 20.82 points or 0.03% to 72,172.82. The Nifty 50 index rose 18.55 points or 0.08% to 21,949.05.