Sat, May 14, 2022 12:54 PM
Chief Financial Officer of Future Retail C P Toshniwal resigns
Several frontline IT companies in India such as Tata Consultancy Services, L&T Infotech, HCL Technologies, mong others received downgraded ratings from Japan-headquartered global brokerage Nomura. The brokerage company expects their revenue growth to decelerate going ahead. Infosys and Tech Mahindra are Nomura's only 'buy-rated' stocks in the IT sector.
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Following the closure of the eMudhra IPO, bidders are now eagerly waiting for the allotment date. The latter is expected to take place on 27th May 2022. The ₹412.79 crore maiden issue consists of fresh issues of ₹161 crore and ₹251.79 crore OFS by existing shareholders and promoters. Market observers projected that eMudhra IPO GMP stands at ₹3 today, which is ₹7 lower than Wednesday's GMP of ₹10.
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Elon Musk on Wednesday confirmed the pledging of an additional $6.25 billion in equity financing to fund the $44-billion offer for Twitter Inc. following this movement, the Tesla Chief would be able to reduce his margin loan against the Tesla Inc shares to zero. The billionaire is also discussing with shareholders, including Jack Dorsey, for enhanced financing commitments to close the deal.
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