HCLTech has signed a definitive agreement to acquire a 100 per cent equity stake in ASAP Group, a German automotive engineering services provider, for Euro 251.1 million (about $279 million). The acquisition is expected to close in September 2023.

The acquisition is expected to help HCLTech's engineering services by strengthening its advanced technology capabilities in the fast-growing automotive engineering services segment in Europe and other key global markets.

Ukrainian President Volodymyr Zelenskyy welcomed fresh pledges of weapons and ammunition to fight Russia's invasion along with longer-term security commitments from the West on Wednesday even as he expressed disappointment over the lack of a clear path for his country to join as the alliance wrapped up its annual summit.

"The Ukrainian delegation is bringing home a significant security victory for the Ukraine, for our country, for our people, for our children," he said while flanked by US President Joe Biden and other leaders from the Group of Seven most powerful democratic nations.

Following incessant rainfall in Uttarakhand's Chamoli district, the Badrinath National Highway (NH-7) is blocked due to falling of boulders and debris from the hill, on highway near Pipalkotim, officials said on Thursday morning.

The same highway got at other several other places including Pagalnala, Gulabkoti and Helang following the landslides taking place in the region as rains continues.

Tata Consultancy Services (TCS) recorded a 16.8 per cent jump in the net consolidated profit in the quarter that ended on June 30 to Rs 11,074 crore from Rs 9,478 crore in the same quarter last year.

The IT major's revenue from operations rose 12.5 per cent to Rs 59,381 crore from Rs 52,758 crore previously.

Glida, previously known as Fortum Charge & Drive India, is planning to set up 3,000 e-passenger vehicle (EV) charging points across India by March 2025, said its Executive Director Awadesh Kumar Jha on Wednesday.

Backed by the Finnish government, Glida currently has 450 charging points in 15 Indian states. "Most of our charging points are in Delhi (170), National Capital Region (100) and Hyderabad (80)," Jha told Business Standard in an interview.

Billionaire Gautam Adani is weighing a bid for the coal-fired power plants belonging to beleaguered Indian tycoon Anil Ambani that are currently being auctioned by an Indian bankruptcy court, according to people familiar with the matter.

Adani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-megawatt generation facilities in central India, according to the people, who asked not to be identified as the plans are private.

Shares of BSE Limited hit a 52-week high of Rs 787.95 as they rallied 13 per cent on the National Stock Exchange (NSE) in Wednesday's intra-day trade on the back of heavy volumes.

At 02:35 pm, BSE was quoting 9 per cent higher at Rs 762.35, as against 0.09 per cent gain in the Nifty 50 index. Around 9.03 million shares have, so far, changed hands on the counter, exchange data shows.

Walt Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report.

Shares of Waaree Renewable Technologies (erstwhile Sangam Renewables) rallied 14 per cent to hit a new high of Rs 1,242 on the BSE in Wednesday’s otherwise subdued trade. The S&P BSE Sensex was down 0.13 per cent at 65,529, at 12:15 pm.


The stock of the power generation company has zoomed 148 per cent thus far in the calendar year 2023. In comparison, the S&P BSE Sensex was up 7 per cent during the period. Since 2021, the market price of the company has skyrocketed 8,525 per cent from a level of Rs 14.40 at the end of calendar year 2020.

Congress leader Rahul Gandhi could soon move into a modest three-BHK house in South Delhi’s leafy Nizamuddin East locality. The house belongs to the family of former Delhi chief minister Sheila Dikshit, who spent the last years of her life there.

Gandhi vacated his official bungalow on April 22 after his disqualification from the Lok Sabha, temporarily moving in with his mother, but had been searching for a suitable house.

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