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Sebi approves Roshni Nadar's acquisition of HCL Tech promoter shares

The Securities and Exchange Board of India (SEBI) has approved Roshni Nadar Malhotra's acquisition of a majority stake in two promoter group companies of HCL Technologies from her father, Shiv Nadar. This move is part of the Nadar family's succession planning, maintaining the overall promoter shareholding at 60.82 percent. The exemption order, issued on November 22, allows her to acquire shares in Vama Sundari Investments and HCL Corporation, a significant non-banking finance company.

Indian markets decline as Adani stocks plummet amid geopolitical tensions

Indian benchmark indices faced pressure on November 21, with the Nifty falling below 23,300 and the Sensex down 422.59 points, or 0.54%, closing at 77,155.79. The decline was driven by weak global cues and significant selling in Adani Group stocks following bribery charges against Gautam Adani. Major losers included Adani Enterprises and SBI, while Power Grid Corp and UltraTech Cement were among the gainers.

HCL Software appoints Vikrant Chowdhary as senior vice president for India

HCL Software has appointed Vikrant Chowdhary as senior vice-president and country head for India, effective November 18. With over 27 years of leadership experience at major companies like Salesforce and IBM, he will drive growth and innovation in key sectors, reinforcing HCL"s commitment to being a leading India-based global enterprise software provider. Chowdhary will operate from the Delhi NCR region.

healthcare fraud detection market poised for rapid growth and innovation

The healthcare fraud detection market is projected to grow significantly, reaching $10.35 billion by 2028, driven by increasing cyber threats and regulatory changes. Key trends include the integration of advanced analytics and real-time monitoring, as digital transformation in healthcare enhances the need for robust fraud detection solutions. Major players in the market are focusing on innovative technologies to maintain their competitive edge.

saudi arabia healthcare and general services market growth forecast through 2031

The Saudi Arabia Healthcare & General Services Market is poised for significant growth from 2024 to 2031, driven by investments in healthcare infrastructure and technology under Saudi Vision 2030. Key players include HCL Technologies, GE Healthcare, and Philips, focusing on various service types and segments. Recent developments, such as the launch of a National Platform for Health and Insurance Exchange Services, aim to enhance healthcare access and data sharing.

catalysts needed to end indian market consolidation phase according to ubs

UBS identifies four catalysts that could break the Indian market's six-week consolidation, driven by high valuations and modest earnings growth. Key factors include improved consumer spending post-festive season, supportive fiscal and monetary policies, structural reforms after elections, and favorable global developments, particularly from the US. The banking sector shows promise despite FII outflows, while caution is advised for consumer discretionary stocks reliant on retail lending.
09:43 12.11.2024

quarterly earnings reports reveal mixed results across various sectors

The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.

Nifty IT index rallies 3 percent amid Trump election optimism

The Nifty IT index surged 3.3% to 41,754.80, driven by optimism surrounding a potential Donald Trump victory in the 2024 US Presidential elections. All ten stocks in the index, including Infosys and TCS, saw gains of 1 to 4%. Analysts suggest that Trump's proposed tariffs on Chinese imports could benefit India's exports across various sectors, including IT.

generative ai and interest rate cuts boost growth in it sector

Nuvama Institutional Equities reports that the IT sector is poised for growth, driven by strong deal momentum and opportunities in Generative AI, particularly following the recent US Federal Reserve interest rate cut. The Nifty IT index saw a half-percent increase, with HCLTech, Persistent Systems, and Tech Mahindra leading the gains. Q2FY25 results showed a positive turnaround, with most companies exceeding revenue growth expectations and maintaining FY25 guidance, despite some underperformance due to ongoing investments.

global healthcare fraud analytics market projected to reach 9.66 billion by 2028

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