Indian equity benchmark indices closed in red on Tuesday due to select profit booking in IT and banking along with weak Asian markets and continuous foreign fund outflows.
The BSE Sensex fell 78.22 points or 0.12 per cent to settle at 65,945.47. The broader Nifty dipped 9.85 points or 0.05 per cent to close at 19,664.70.
"Markets witnessed a listless trading session and lingered in negative territory for most part of the trading session due to weak Asian and European cues. Traders resorted to selective profit-taking ahead of the next week's RBI policy outcome, while external factors like strength in dollar index and rising treasury yields continue to dampen sentiment," Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd, said.
The IT services major provider has announced a collaboration with Microsoft to jointly develop industry-leading solutions. These solutions will use Infosys’ Topaz and Microsoft’s Azure OpenAI Service and Azure Cognitive Services. Both the organizations are bringing together their AI capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries.
The private sector lender entered a multi-year global partnership with the International Cricket Council (ICC) to provide a premium experience to customers, employees, and cricket fans. Indusind Bank will have access to a suite of branding and content assets.
The government-owned company’s Board of Directors has appointed Sanjay Swarup as Chairman and Managing Director (CMD), with effect from 1 October 2023, till 21 July 2026. Currently, he is the Director of International Marketing & Operations at CONCOR.
Dilip Sanghvi and Associates have the terminated the 2020 shareholder pact with Suzlon in accordance with the terms of the agreement. The investor group’s nominee director on Suzlon’s board, Hiten Timbadia, has also resigned with effect from 26 September.
The company’s subsidiary Birla Estates has sold out phase 1 of Birla Trimaya within 36 hours of its launch. The booking value is Rs 500 crore for 556 units booked. Birla Trimaya is the 52-acre land parcel in North Bangalore is in joint partnership with M S Ramaiah Realty LLP.