Latest Stock Market News

Founded in 2019, FPL Technologies operates digital credit score platform, OneScore, and has a total of 10 million registered users utilising the solution. Its key offering includes physical and virtual credit card, OneCard, which it issues in partnership with banks.

Infosys on Wednesday said it will acquire Denmark-based BASE life science for about 110 million euros (Rs 875 crore) in an all-cash deal.

The govt will likely introduce a bill in the upcoming monsoon session of parliament to make amendments to facilitate privatisation of state-run banks.

While footfalls remained below the pre-Covid levels in the June quarter, price increases and bigger purchase sizes boosted sales of marketers, analysts and retailers said.

Cos have reduced fresh hiring by more than half in Q1 as demand starts to level off. Terming this downtrend as normalisation of talent acquisition rather than a slowdown in hiring, analysts and company executives pointed out that demand for skilled talent is expected to remain strong..

​Several fintech firms have reached out to leading banks to explore alternative credit models, sources told ET. These include opening a bank account — plus an add-on debit card — with lenders to disburse loans, issuing co-branded credit cards instead of PPIs and disbursing the credit as cash directly into a customer’s existing bank account.

"The bank had also filed complaints with the police authorities in 2015 against some of the unscrupulous entities. Incidentally, the matter was subject of scrutiny by the RBl in October 2015 and a penalty was levied on the bank."

The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in this economic cycle.

​​​​​Markets swung wildly on Wednesday, as the euro touched parity versus the dollar for the first time in 20 years, while investors also feared larger Fed rate hikes could be on the way. The Fed is seen ramping up its battle with sky-high inflation with a supersized 100 basis points rate hike at its upcoming policy meeting on July 26-27. * Although gold is seen as an inflation hedge, higher rates hurt the appeal of bullion, which bears no interest

The company reported a total contract value (TCV) of $570 million in the April-June quarter, its highest ever. The metric stood at $390 million last quarter and $504 million in the same period last year.