Persistent Systems announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent’s AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. With Arrka’s expertise, Persistent will help clients accelerate their transformation journeys while ensuring ethical, responsible, and compliant AI.
Prataap Snacks Ltd – Set for a crunchy bite! (30-09-2024)
Anyone tracking this company? Any idea on why:
1] Promoters are selling their stakes continuously over 3 quarters?
2] OPM is around 8-9% whereas Bikaji has 18%? Their long term target is also 9%. Is it due to lesser wellspread connections to suppliers?
3] Any progress on quick commerce such as blinkit, zepto? I see they mentioning only Reliance and DMart in annual concalls.
Ola Electric shares in focus on plans to double service centers to 1,000 by December (30-09-2024)
Ola Electric, India’s leading electric two-wheeler maker, announced plans to expand its service network and offer new customer benefits to boost EV adoption.
Avantel spurts on bagging order worth Rs 44 cr from Larsen & Toubro (30-09-2024)
Avantel zoomed 9% to Rs 197.05 after the company informed that it has received a purchase order for an amount of Rs 44.49 crore from Larsen & Toubro (L&T) for the supply of satcom systems.
FIIs most bullish in 3 months, shows F&O data; Nifty eyes 4th monthly gain (30-09-2024)
Derivatives market update for Sept 30: FIIs long-short ratio in index futures jumped to 4.4:1; implying more than 4 long positions in index futures for every bet on the short side.
Hot stocks: Brokerage views on Zomato, IndusInd Bank, Varun Beverages and Asian Paints (30-09-2024)
Global brokerage CLSA has maintained its Outperform rating on Zomato with a target price of Rs 283.90/share. Zomato remains CLSA’s top pick in the food delivery space. Zomato gains in metrics over Swiggy in FY24 and Q1FY25. The QSRs are losing market share to aggregators.
Bajel Projects gains as secure first data centre order (30-09-2024)
Bajel Projects advanced 4.09% to Rs 264.80 after the company announced that it had successfully entered the emerging data centre segment by securing its first order from an upcoming data centre service provider.
Can Kirana Stores Beat The Q-Com Threat? (30-09-2024)
Indian kiranas are agile enough to face the q-com challenge, but it’s going to be a tough fight, notes Ambi Parameswaran.