Tata Consultancy Services (TCS) will implement a cloud transformation project for Nuuday, a Danish digital connectivity and communications provider, as part of a multi-million-dollar deal, said the Indian information technology (IT) services company on Thursday.

Nuuday's IT infrastructure will be shifted to TCS’s Enterprise Cloud Platform, “paving the way for future transformations”. TCS said in a statement it will host and manage all IT domain services of Nuuday during the transformation.

The National Company Law Tribunal (NCLT) has granted an appeal by Reliance Capital (RCap)'s administrator for a correction within 90 days of implementing the resolution plan. This adjustment aims to expedite the resolution process initiated in November 2021. The Hinduja Group, the chosen applicant for the indebted firm, is now required to execute the resolution plan by May 27.

In its ruling on February 27, the tribunal stated that the 90-day period would start once the group secured all necessary regulatory approvals.

Gopal Snacks made a disappointing stock market debut, with its shares listed at Rs 350, down 13 per cent when compared with its issue price of Rs 401 on the BSE on Thursday. The stock of the packaged foods company listed at Rs 351 on the National Stock Exchange (NSE).

Post listing, the stock hit a high of Rs 378 and a low of Rs 342 on the BSE. At 10:01 am; the stock was trading at Rs 375.50, up 7 per cent as against the stock's opening price, but down 6 per cent from its issue price. A combined 1.5 million equity shares had changed hands. so far, on the NSE and BSE.

Amidst concerns of expensive valuations of small- and mid-caps, Uday Kotak, founder and director of Kotak Mahindra Bank, said that equity markets are not in bubble territory and can support sustained capital formation if the right checks are in place.

Speaking at a conference organised by the Securities and Exchange Board of India (Sebi) and National Institute of Securities Markets (NISM), Kotak said that speculation is a core part of the market and we need to balance the same.

The objective of the attack by US-based short seller Hindenburg on the Adani group shares last year was not only to destabilise the group but also to politically defame India’s governance practices, said Gautam Adani, chairman of the Adani group, in Mumbai on Monday.

Despite efforts to shake our foundations, we stood firm, not just safeguarding our reputation but also ensuring we remained focused on our operations. While there were several learnings, this episode also gave us confidence in our resilience. Our recovery highlights the essence of bouncing back stronger, symbolising the spirit of rising after every fall.

Ahead of the announcement of dates for the Lok Sabha (LS) elections by the Election Commission of India, the Centre on Tuesday notified the rules for implementing the contentious Citizenship (Amendment) Act, 2019 (CAA), four years and three months after Parliament passed it on December 11, 2019.

The law will enable the government to grant Indian nationality to persecuted religious minorities — Hindus, Jains, Parsis, Christians, Buddhists, and Sikhs — from Bangladesh, Pakistan, and Afghanistan who had come to India until December 31, 2014.

Over 600 stocks were locked in their respective lower circuits on BSE in Tuesday's trade with no buyers seen in these counters as the sharp sell-off in small and micro-cap stocks continued for a second day amid regulatory concerns.

At 11:30 am; as many as 614 stocks were locked in the lower-circuit. Total 34 stocks from the S&P BSE Smallcap index were frozen at the 5 per cent lower circuit, including Tata Investment Corp, Dredging Corp, Waaree Renewable, Apollo Micro Systems, Himadri Speciality Chemical and Inox Wind.

Prime Minister Narendra Modi on Tuesday inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch of 10 new Vande Bharat trains.

The PM launched the projects from Sabarmati area of Ahmedabad in Gujarat after visiting the Dedicated Freight Corridor's (DFC) Operation Control Centre here.

R K Swamy (RKSL) made a weak stock market debut on Tuesday as its shares got listed at Rs 250, a 13 per cent discount against its issue price of Rs 288 per share, on the National Stock Exchange (NSE). The stock of the advertising & media agency firm opened at Rs 252 on the BSE.

Post listing, the stock hit a high of Rs 284.90 and a low of Rs 243 on the NSE. At 10:05 AM, RKSL was trading at Rs 281.80, 13 per cent higher from its opening level and 2 per cent lower against its issue price. A combined 4.7 million equity shares have changed hands on the NSE and BSE thus far in trade.

In yet another controversial move, cash-strapped edtech company Byju’s has given up all its regional sales offices across India, keeping only its headquarters at IBC, Knowledge Park, Bengaluru. The offices which have been given up could be well over 20 cutting across Delhi, Gurugram, Mumbai, Pune, Hyderabad, Chennai, and more.

While the restructuring of office space started a few months ago under Chief Executive Arjun Mohan, a final decision was taken recently to shut all regional sales offices to save cost in the midst of a severe funding crunch and valuation markdown, according to sources.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.