Bharti Airtel said it is initiating the process to revise its foreign investment limit to 100 per cent with immediate effect
Tata Elxsi on Tuesday said its net profit has increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter. The company had registered a net profit of Rs 75.4 crore in the year-ago period, Tata Elxsi said in a regulatory filing. Its revenue from operations rose 12.7 per cent to Rs 477.1 crore for the said quarter from Rs 423.4 crore in the corresponding period last fiscal, it added. In a statement, Tata Elxsi CEO and Managing Director Manoj Raghavan said the company saw all-round growth across industries and geographies. "We continue to execute strongly on both top line and bottom line, with double-digit quarter-on-quarter revenue growth and industry-leading operating margins. Our Healthcare business continues to accelerate, while Media and Communications reported another strong quarter of sustained growth," he said. Raghavan added that the company has seen new customer additions and large deals in both the industries in the quarter. "We are seeing a sustained recovery
The change in colour, sometimes exhibits a shift in trend as well as sentiment
In the past three months, it has zoomed 88 per cent as against 7 per cent gain in the benchmark S&P BSE Sensex index
The OFSS counter is heading towards Rs 3,600-mark as per the weekly chart.
All that happened in the markets today.
The company said it is back to pre-Covid momentum and that it expects this momentum to continue into H2FY21
In the past three months, Wipro outperformed the market by gaining 38 per cent against 16 per cent rise in the S&P BSE Sensex
Glenmark's stock has reclaimed its short term 21-DMA
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
As per weekly option data, a handful of call writing on higher strikes ranging from 11,800 to 12,200 is observed which shows Nifty is witnessing strong resistance in the sub-11,800 zones.
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities
Revenue from operations stood at Rs 361.71 crore, down 5.3 per cent YoY. In the corresponding quarter of the previous fiscal, the figures stood at Rs 382.03 crore.
The stock hit a 52-week high of Rs 1,767, up 5% on BSE in intra-day trade
Indian engineering design firm Tata Elxsi has licensed its software platform to one of the top five carmakers globally that will help hasten the development of their own driverless car. Tata Elxsi's middleware platform AUTONOMAI will act as an interface between the hardware such as stereoscopic cameras, Radars and Lidars and the AI and machine learning algorithms that will be trained to react to complex driving scenarios. The firm which is part of the Tata Group is already a Tier 1 supplier of software-based driving aids and assistance systems to some of the world's largest automakers. With the licensing deal, it is penetrating deeper into the upcoming autonomous vehicle sector that technology giant Intel expects to grow to $ 7 trillion by 2050. "We are delighted with this latest win for AUTONOMAI by one of the world's top 5 car OEMs", said Nitin Pai, Senior Vice President Marketing for Tata Elxsi. "Car makers will need to ensure that self-driving cars are able to communicate with .
The stock rallied 11% to Rs 1,505 on back of over five-fold jump in trading volumes.
It is leveraging its knowledge in computer science and AI for a share in the promising industry
Plans to use over Rs 200 crore surplus cash in hand
During the July to September quarter, the company's total income from operations rose 15% to Rs 303.28 crore