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IT bellwether revises growth guidance to high teens.

The company has set a target of crossing Rs 5,600 crore of assets under management (AUM) target by March, as it had already crossed the Rs 4,000-crore mark in July and the new growth capital will help it expand the balance sheet faster.

In another transaction, Axis Bank sold 715,202 shares of Sical Logistics at Rs. 16.2 per share through a bulk deal on the National Stock Exchange.

“Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate,” minutes of the Sept. 21-22 Federal Open Market Committee meeting released Wednesday said.

“Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings,” said Salil Parekh, chief executive officer at Infosys in a press statement.

A closer look at the trends in coal production, dispatch and power generation indicates that it is a poor coal supply management that failed to anticipate the impact of the pandemic on seasonality, which is at the root of the problem; definitely not an upsurge power consumption.

Tata Motors on Tuesday announced that private equity firm TPG will be investing close to $1 billion in its electric vehicle subsidiary at a valuation of $9.1 billion. The announcement sparked a slew of rating and price target upgrades from Dalal Street and triggered an instant rerating in the stock.

The Dow Jones Industrial Average fell 5.63 points, or 0.02 per cent, at the open to 34,372.71.

Barring select sectoral and thematic funds, most schemes managed to deliver positive returns. However, only 56 per cent of the schemes delivered Nifty-beating performance during the month.

The company’s consolidated revenue for the quarter climbed 7.7 per cent quarter-on-quarter to Rs. 19,667.4 crore, which beat Street’s expectations.