Read more about Tech Mahindra gains on acquiring Hong Kong-based payments solutions provider on Business Standard. Tech Mahindra rose 0.90% to Rs 1073.75 after the company said that it has agreed to acquire 100% shareholding of Payments Technology Services for a cash consideration of $9 million.
Read more about Sensex, Nifty strike record high on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 198.14 points or 0.4% at 49,715.25. The Nifty 50 index was up 66.70 points or 0.46% at 14,630.15.
Bharti Airtel: The company, on Tuesday, said it is initiating the process to revise its foreign investment limit to 100 per cent with immediate effect.
Tata Elxsi: Tata Elxsi s net profit increased 39.5 per cent year-on-year (YoY) to Rs 105.2 crore for the December 2020 quarter.Its revenue from operations rose 12.7 per cent YoY to Rs 477.1 crore for the quarter.
Tata Motors: The firm reported a 1 per cent rise in global wholesales, including Jaguar Land Rover, to 2,78,915 units in the third quarter of the current fiscal.
Tech Mahindra: The company will acquire Payments Technology Services for $9 million. The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS).