Shriram Finance is the largest NBFC in India with an AUM of over Rs 2 lakh crore, said Bonanza, which believes that Shriram Finance appears cyclically well-positioned for business growth.
Engineering & tech solutions provider Cyient has entered into a memorandum of understanding (MoU) with Japanese electric vertical takeoff and landing (eVTOL) aircraft manufacturer SkyDrive Inc. The urban air mobility (UAM) market, which is estimated to grow to around USD 25-30 billion by 2030, offers a seamless, secure and rapid mode of transportation that can help help mitigate the challenges facing urban areas thanks to rising urbanisation, growing population and e-commerce boom, Cyient said on Friday.
Cyient shares: The engineering and technology solutions provider talked about Urban Air Mobility (UAM) and its potential to revolutionise transportation of goods inter and intra-cities
IT counters surged up to 14% on a rub-off impact from Infosys and Tata Consultancy Services (TCS) while the Nifty IT index also hit a fresh 52-week high of 36,482.25. In the largecap pack, the top gainer was Infosys which soared 8% to the day s high of Rs 1,613.65 on the NSE. TCS, meanwhile, gained 4.2% to attain the day s high of Rs 3,894. Their smaller peers Cyient and Firstsource Solutions rose 6% and 14%, respectively. Other IT stocks including Mphasis, Coforge, Tech Mahindra, Wipro, LTIMindtree, Persistent Systems, HCL Technologies, and L&T Technology Services (LTTS) were also up.
India Business News: Engineering & tech solutions provider Cyient has entered into a memorandum of understanding (MoU) with Japanese electric vertical takeoff and landing