The IT services company expanded its four year collaboration with Old National Bank to accelerate the Bank’s operational and technological transformation.
Posts in category Economic Times
Parliamentary Finance Panel calls Sebi, other regulators (09-10-2024)
This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by around two-dozen MPs and chaired by BJP MP Bhartruhari Mahtab. Former FM and senior Congress leader P Chidambaram is a part of the 31-member panel.
Good Q2 tidings for life insurers, claims to hit others (09-10-2024)
General insurance companies are likely to see a slowdown in premium income due to muted growth in the motor segment. Also, the claims from natural catastrophes are going to affect the overall profitability of insurance companies. At the same time, standalone health insurance companies are likely to see higher claims due to seasonal diseases and medical inflation.
No big bang for festival season from Nifty50 companies, September quarter to be muted (09-10-2024)
Revenue is expected to grow by 5.6%, the lowest in nine quarters under observation. Net profit may grow by 11% helped by select companies in the banking, finance, pharmaceuticals and telecom sectors.
EU Bank-CCIL trades get a business pass (09-10-2024)
Societe Generale, BNP Paribas, and Credit Agricole have received an extension from the Autorite des Marches Financiers (AMF) of France to continue transacting with the Clearing Corporation of India (CCIL), weeks before an October 31 deadline to cease such transactions was to come into effect, sources aware of the developments told ET.
Biocon Biologics raises $300 million for debt refinancing (09-10-2024)
The loan was priced at 175 basis points above the three-month secured overnight funding rate (SOFR), which was trading at 4.59%. That pegs the floating-rate loan at 6.34%, people familiar with the matter said.
Nifty’s over 4% falls in a week mostly recovered within 3 months: Study (09-10-2024)
Mid-cap and small-cap stocks also fell in such periods, tracking the benchmark indices. In the subsequent three months, the mid-cap index rose seven times and fell thrice, while the small-cap index gained six times and declined four times.
D-Street ends 6-Day losing streak as China stocks retreat from highs (09-10-2024)
Elsewhere in Asia, China advanced 4.6%, while Hong Kong, considered a proxy for China in the past week because of the holiday in mainland markets, plunged 9.4%, the biggest single-day fall since 2008. South Korea declined 0.6% and Taiwan dropped 0.4%.
Tata powers up wind energy market with mega order; seeks bids for supply of turbines with capacity of 3 GW (09-10-2024)
Tata Power is pursuing bids for wind turbines to equip its wind-solar hybrid renewable energy projects, expecting to install over 3GW with a potential expansion to 5GW over five years. Major manufacturers like Siemens Gamesa and Suzlon are involved, with investments estimated at $9 billion.
Sebi calls for stricter review of AIF investors (08-10-2024)
At present, AIFs have been designated as qualified institutional buyers(QIB) and can avail certain benefits under Sebi rules. On Tuesday, Sebi said AIFs should not facilitate investors who are ineligible for QIB status on their own from availing the benefits.