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Positive bias seen for Nifty at open - The Hindu BusinessLine

Positive bias seen for Nifty at open
March 03, 2021
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Concerns on rising bond yields have softened after central bankers across the world have pushed back against higher rates
After gaining sharply in the last couple of days, Indian markets are likely to open flat on Wednesday. The SGX Nifty at 15,020 points to a 60-point positive opening for Nifty futures, which on Tuesday closed at 14,958.15.
Global markets too present a firm trend with most of Asia-Pacific ruling in positive territory though overnight the US markets closed in the red.
Concerns pertaining to rising bond yields appear to have softened a bit after central bankers across the world have begun to push back against higher rates. This should offer some comfort to Indian equities and INR as rising bond yields in the US and declining spreads between US Treasury yields and India’s G-Sec yields had started putting pressure on INR. ....

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Accel Ltd acquires IT Services Business of Computer Factory India Private Limited

Accel Ltd acquires IT Services Business of Computer Factory India Private Limited
Posted On:
2021-03-02 08:45:25
(Time Zone: Arizona, USA)
Accel Limited, the BSE listed (ACCEL | 517494 | INE258C01038), IT and Realty company, today announced that they have acquired the IT Services Business comprising IT Infrastructure Management Services business of Computer Factory India Private limited ( CFIL) as a going concern basis. After this transaction, all the existing businesses of Computer Factory will be run under Accel Limited, as Accel IT Services. Earlier, on Ist January 2020, Accel Limited had acquired Computer Factory India Private Limited in an all cash deal, thereby making it a wholly owned subsidiary of Accel Limited. ....

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