Software Financial News

Benchmark NSE Nifty closed 231.9 points up at 19675.45 amid buying in frontline bluechip counters. However, stocks such as Rajesh Exports, Atam Valves, Compuage Infocom, Winsome Yarns and Amines Plastic, touched their fresh 52-week lows.

Duelbits is an online crypto casino and sportsbook that offers extremely generous rakeback rewards for players. The platform offers more than 2,000 casino games and 50 sports betting markets, plus it has tons of original games and competitive odds. Duelbits accepts both crypto and fiat deposits, making it a popular choice for gamblers around the world.

DP World has confirmed hackers stole data during a breach that forced it to shut down ports around the country last week and which experts say was likely to have stemmed from its failure to patch a widely known security flaw.

Phased Manufacturing Program (PMP) for electric vehicle (EV) charger components, aligning with the FAME India Scheme Phase-II to promote domestic manufacturing. In a notification dated November 7, 2023, the government has listed various charger components and specified timelines for their indigenization, signaling a shift toward domestically produced parts. This includes crucial elements such as charger enclosures, internal wiring harnesses, and software for charge point operators (CPO) and management systems (CMS), effective from December 1, 2021.

Last week, I was in Brasilia, speaking at Brazil Innovation Week, 2023. I’d been invited to talk about how India’s digital public infrastructure (DPI) offers a new approach to data governance and I was glad for the opportunity to test for myself whether the ideas I had set out in my new book held good in the Brazilian context.

Tata Consultancy Services to the very top of the valuation leader-board at the country's most-valued conglomerate, which has a market capitalisation of about ₹25 lakh crore. Other details, including pricing of the nearly 61-million share issue at the Tata Motors-owned unit, will be announced closer to the IPO date. Tata Motors said Monday its engineering services subsidiary has filed its Red Herring Prospectus with the Registrar of Companies in Pune. This IPO will entirely be an Offer for Sale (OFS) by existing shareholders, with Tata Motors intending to sell up to 46.2 million shares in the IPO, representing 11.4% of Tata Technologies' equity. Alpha TC Holdings will offload 9.7 million shares, or 2.4% of the company's equity, and Tata Capital Growth Fund 1 will sell 4.9 million shares, representing 1.2% of its equity.

Banking infrastructure and lending solutions provider Knight Fintech is in final stages to close $25 million in a fresh round of funding led by Accel, at least three people told ET. The round is expected to include a secondary portion, which might see some of its initial investors exit.

Wall Street analysts are dialing back on the compliments paid to Corporate America at the fastest clip in years. «Good quarter,» «congratulations» and similar plaudits are drying up on quarterly earnings calls for S&P 500 companies, setting up 2023 for the biggest such annual decline since the Great Recession. The drop is even more pronounced when compared with the pandemic era, running 35% below the average pace in the previous three years. Analysts have gone cold on corporate executives as they climb a wall of worry that includes soaring labour costs, surging prices for raw materials, rising borrowing rates and heightening geopolitical tensions that have shown no signs of abating. «Fewer companies are doing well,» said Alex Zukin, an analyst covering software companies at Wolfe Research.

MUMBAI : Early-stage investors are increasingly backing CXOs who left established startups to pursue their entrepreneurial dreams, relying on their wealth of experience to steer business in challenging times. On Monday, Farid Ahsan, the co-founder of Sharechat who quit six months ago, said he has launched General Autonomy, a startup to help automate factories.

General Motors has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series

Take-Two (NASDAQ:TTWO) Interactive Software (TTWO) was raised to Buy from Hold at Deutsche Bank on Tuesday, with analysts raising the price target to $175 from $155 per share.

Nvidia (NASDAQ:NVDA) shares have continued to gain in recent days and are poised to extend gains for the 10th consecutive session, marking the company's longest winning streak in nearly seven years.

Hot new crypto presale Cogwise ($COGW) has now smashed through the $1 million barrier just six weeks after it launched.

Humane has unveiled its much-anticipated artificial intelligence-based gadget - Ai Pin. Humane is a San Francisco-based startup founded by former Apple executives Imran Chaudhri and Bethany Bongiorno. Chaudhri was part of Apple for nearly 20 years and led the design of the iPhone's home screen, while Bongiorno was a software development lead for several of the company's products, including iPhone, iPad and Mac, Bloomberg reported.

ALS is evaluating its minority stake in troubled European drug research business Nuvisan, contemplating an exit or even taking full control of the asset, after the clinical outsourcing business delivered an unprofitable half.

A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years.

Canadian legal software provider Dye & Durham Ltd. has hired Goldman Sachs Group Inc. and Canaccord Genuity Group Inc. to advise it on a potential sale of non-core assets, including its financial services division. The shares jumped.

One of the most controversial numbers in financial planning, 4%, is back — but the “rule” that follows it less so.

NEW DELHI : India’s top banks are looking to hire aggressively from the batch of 2024 in engineering, business and graduate colleges to complement hiring from the market, augment digital initiatives and compensate for losses in front-line sales staff. According to bankers and executives at some of the large engineering and management colleges, compensation could range from ₹8 lakh to ₹40 lakh, depending on the roles on offer.

Salesforce Inc. named Denise Dresser as the new chief executive officer of Slack, promoting a longtime internal executive as the third leader for the workplace communications unit in the past year. “Denise is an incredible business leader who has excelled at every level in her career at Salesforce,” Salesforce CEO Marc Benioff said in post on social media site X. Slack is a unit of Salesforce.

Stocks kicked off the week with losses after posting big gains this month, with traders awaiting key inflation data, remarks from United States Federal Reserve speakers and results from some giant retailers.