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Fireboltt expects its new Android wristphone, a combination of a smartwatch and smartphone, to contribute around 30 per cent of its revenue from wearables. The company launched the sale of the 4G LTE nano SIM-enabled Dream wristphone on Wednesday. The device has the capabilities of a smartphone in a compact smartwatch design, providing all key functions like calling, messaging and social media apps like YouTube and WhatsApp.

In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes in the IPO. Chhatwal owns 3.69% stake in the company, while Medimatter and Bessemer hold 27.94% and 35.92% stakes, respectively. Investors can bid for 35 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors. On listing, Medi Assist will be the first insurance third-party administrator (TPA) in India to hit the Street.

₹1 lakh crore. Antique Stock Broking raised the target price of Tata Power shares as it believes the company will outperform the sector for three crucial reasons. The brokerage firm maintained a ‘Buy’ rating on the stock and revised the target price to ₹450 per share from ₹422 earlier, implying an upside of more than 32% from Tuesday’s closing price.

Infibeam Avenues share price jumped over 6% to touch a 52-week high following the announcement that it had inked a ₹2,000 crore Memorandum of Understanding (MOU) with the Gujarat government at the Vibrant Gujarat Global Summit 2024. Infibeam Avenues share price today opened at ₹24.38 apiece on BSE.

Read here: Q3 result preview: IT firms expected to post muted revenue, subdued profit amid weak demand Better utilisation, lower sub-con expenses and INR depreciation is likely to help offset part of the headwind for Infosys during the quarter. Infosys Q3 revenue in USD terms is expected to decline 1.61% to $4,642 million from $4,718 million in Q2FY24 on account of continued macro challenges and additional 3Q seasonality. Revenue in INR terms in Q3FY24 is expected to fall 0.86% to ₹38,657 crore from ₹38,994 crore, QoQ.

₹397 to ₹418 per equity share of the face value of ₹5. The Medi Assist IPO date of subscription is scheduled for Monday, January 15, and will close on Wednesday, January 17.

On January 10, people in the country and around the world commemorate World Hindi Day. Also known as Vishwa Hindi Diwas, it marks the day when Hindi was first spoken in the United Nations General Assembly in 1949. The very first World Hindi Day was celebrated on January 10, 2006, at the behest of former Prime Minister Dr.

Jyoti CNC Automation IPO raised ₹448 crore from 37 anchor investors at the upper price band of ₹331 per equity share, on Monday, January 8. Jyoti CNC Automation Limited is a CNC machine manufacturer and supplier. The business is headquartered in India and focuses on producing and distributing CNC machinery.

Also Read: China Deal Slump Forces Wall Street Banks to Cast a Wider Net Zou said that the central bank will also strengthen its counter-cyclical and cross-cycle policy adjustments to create favorable financial conditions for the country’s economic growth, Bloomberg News reported. The PBOC will also take measures to prevent funds from clogging and idling while guiding financial institutions to strengthen their liquidity risk management for stable money market operations, Zou added.

₹700 crore through its IPO. The company has scaled back its IPO from ₹1,900 crore.

Dilip Buildcon, PNC Infratech and KNR Constructions. However, NCC is estimated to report a higher 37% YoY sales growth, driven by its strong order book, which is highest among peers. For toll-based assets, the brokerage firm forecast 5% sequential rise in revenue.

WhatsApp seems to be planning to give users more control over their app with the introduction of the new Themes feature. The new feature was spotted by WABetaInfo in the WhatsApp Beta for iOS 24.1.10.70 update.

GMR Airports Infrastructure share price jumped over 4% to touch a 52-week high on Monday's session in response to few news developments. According to an exchange filing, the company stated that Delhi International Airports Limited (DAIL), a step-down subsidiary, has been exempted from paying the Monthly Annual Fee (or MAF) for the period of March 19, 2020, to February 28, 2022, after the arbitral tribunal passed its decision on January 6.

₹4,600 per equity share. The previous Bajaj Auto share buyback size was ₹2,500 crore done through the open market route.

Redmi Note 13 5G series and the premium Vivo X100 series. While Microsoft doubled down on bringing AI-related innovations to its Windows operating system, Elon Musk's Starlink took another step forward with the launch of direct-to-cell capabilities. Check out the top news that shook up the tech world this week.

Infosys is expected to report a 9.5% year-on-year (YoY) decline in its December quarter net profit at Rs 5,960.10 crore, according to estimates by brokerage Elara Capital. On a sequential basis, a 4.1% contraction in the company's profit after tax (PAT) is seen. This is a sharp decline from the 13.7% YoY growth reported by the company in Q3FY23 PAT at Rs 6,586 crore.

foreign job is so luring that individuals have even paid up to Rs 5 lakh to various fake overseas job recruitment agents, revealed data from the Ministry of External Affairs. «It has been noticed that there has been a huge rise in the number of overseas job seekers being cheated by unregistered recruitment agents by fake job offers and also overcharging to the tune of Rs 2-5 lakhs,» said the MEA in a press release dated December 14, 2023. In light of these incidents of fraud, the MEA has highlighted how Indians can search and connect with genuine overseas job recruitment agents who are registered with the MEA. «Persons seeking jobs abroad are requested to use the safe and legal services of registered Recruiting Agents (RA) only. All registered RAs are issued a license number which is prominently displayed in their office premises and their advertisements, including newspapers and social media,» said the MEA in the press release.

₹62 to ₹66 apiece, as per primary market expert. New Swan Multitech IPO will open for subscription Thursday, January 11, and will close on Monday, January 15.

Also Read: Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot Investors are looking for the US non-farm payrolls data due Friday to gauge how many times the US Fed is likely to cut rates this year. “The rupee has appreciated this week despite gains in the US dollar index overseas. The foreign capital inflows and RBI intervention have been supporting the local currency for quite long and hence, USDINR has been trading in a range." said Ajay Kedia, Director, Kedia Commodities.

Also Read: Markets Moving in Lockstep Threaten to Make for a Trying 2024 Earlier, Morgan Stanley forecasted that the Dollar Spot Index would strengthen about 8% from current levels in the second quarter. However, analysts turned bearish on the greenback in December after Fed’s dovish pivot with the Chair Jerome Powell signaling a shift to cutting rates this year.

Q3 result preview: IT firms expected to post muted revenue, subdued profit amid weak demand "We think the industry is close to the trough of this cycle. Signs of improvement in the global economy and strong deal wins in recent quarters give us confidence about the revenue growth acceleration that we forecast for FY25," said BNP Paribas. The financial firm prefers large-cap firms with strong client relationships, scale to invest in GenAI (Generative AI) and reasonable valuations.