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Nifty futures on the Singapore Exchange traded 25.5 per cent points or 0.17 per cent higher at 14,626, in signs that Dalal Street was headed for a positive start on Wednesday.
Q3 results: Infosys, Wipro, CESC,
GTPL Hathway, Amtek Auto and 5paisa Capital are some of the companies will would announce their quarter results on Wednesday.
Tata Elxsi: The company said its net profit has increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter.
Tata Motors: The company 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.
Stocks to Watch: Wipro, Infosys, Bharti Airtel, Tata Motors, Hero MotoCorp
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Here’s a list of top ten stocks that may be in news on Wednesday:
Wipro: The IT services major will announce its December quarter earnings today. Its dollar revenue is expected to grow around 3% sequentially in constant currency terms. The company had reported a 3.4% drop in its consolidated net profit for the quarter ended September at ₹2,466 crore.
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Tech Mahindra to acquire Payments Technology Services for USD 9 million
IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore).
The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said. The acquired capabilities in the payments space will give us access to IPs and licenses for 2 products, which is consistent with our strategy of pivoting the business towards product and platform implementations and participating in the banking transformation programmes, Tech Mahindra added.
IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore). The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said. The acquired capabilities in the payments space will give us access to IPs and licenses for 2 products, which is consistent with our strategy of pivoting the business towards product and platform implementations and participating in the banking transformation programmes, Tech Mahindra added. This acquisition will open up other opportunities for Tech Mahindra as a larger partner with FIS across a number of areas, it said.