Fri, Jul 9, 2021 10:51 AM
M&M Financial Services concludes acquisition of 20% stake in Ideal Finance
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India’s second-largest IT services company Infosys on April 18 reported its highest ever large deal total contract value (TCV) at $17.7 billion for FY24, with 52 percent being net new. The company recorded large TCV deals worth $4.5 billion for the fourth quarter ending March 31, 2024. This was despite a challenging macroeconomic environment and an ongoing slowdown in discretionary spending.
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Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. "I would pin that in the first half (of fiscal 2025)," Dinesh Thapar, Bajaj Auto's financial chief, said in a post-earnings call when asked about the goal's trajectory. "Consider between now and September," he said.
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Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when profit is under pressure. The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to Hold and cut its price target to $123 from $189.
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