Top gainer: LTIMindtree 6,175 ▲ 423 (+7.3%)
Top loser: Hero Motocorp 5,285 ▼ 70 (-1.3%)
Zomato completes acquisition of One97 Communications’ subsidiaries Orbgen Technologies and Wasteland Entertainment
Zomato notified the exchanges on Tuesday that it has completed the acquisition of One97 Communications’ subsidiaries Orbgen Technologies (OTPL) and Wasteland Entertainment (WEPL). Shares of the company were trading marginally in the red on Wednesday. Paytm’s entertainment ticketing business is housed across multiple entities within the Paytm ecosystem including the parent entity One97 Communications (OCL) and OTPL and WEPL. Read more
LTIMindtree shares zoom nearly 6% after Karnataka HC stays GST demand notice of ₹378 crore
Shares of LTIMindtree zoomed nearly 6% in early trading on Wednesday, August 28, after the IT services provider was granted interim relief by the Karnataka High Court on a GST demand notice of ₹378 crore. The stock opened in the green and jumped to a high of ₹6,086 apiece on the National Stock Exchange (NSE) at 10:29 am, marking a gain of 5.8% as against the last closing price. Read more
Datamatics Global Services extends gains; stock surges another 5% on partnership with Microsoft
Shares of Datamatics Global Services were trading nearly 5% higher at ₹703.65 apiece on the BSE in the morning deals on Wednesday, August 28, a day after the company announced it has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organisations. Read more