Business Markets
Indian markets turned negative on Thursday as the Sensex fell around 150 points from its intraday high and the Nifty slipped below 25,900. Both indices, which opened on a stronger note, lost momentum through the session amid broad-based selling pressure. Global Factors Weigh on Sentiment Weak trends across major Asian markets and mixed signals from […]
Business
Adani Enterprises Ltd (AEL) has completed its ₹25,000-crore rights issue with an overall subscription level of 108 percent, reflecting strong investor confidence. The company received bids for 14.95 crore shares against 13.85 crore shares on offer. Public Portion Oversubscribed The public portion of the issue saw significant interest and was oversubscribed by around 30
Business
Tata Consultancy Services (TCS) has announced that it will acquire Coastal Cloud, a US-based Salesforce consulting and cloud services firm, in an all-cash $700 million deal. This marks TCS’s biggest acquisition since its 2004 IPO. The transaction is expected to close by January 31, 2026, subject to regulatory approvals in the United States. What Coastal […]
Business
Google is moving ahead with plans to set up a major AI-focused data centre in Visakhapatnam after a review meeting between Andhra Pradesh IT and Industries Minister Nara Lokesh and Google CEO Sundar Pichai in California. The meeting discussed timelines, infrastructure requirements, and the scale of the upcoming investment. Project Scale And Timelines The proposed […]