Majesco, an IT company that focusses on providing solutions to the insurance industry, announced in its board of directors meeting on Thursday that it has approved the proposal to buyback up to 74,70,540 fully-paid equity shares of Rs 5 each at a price of Rs 845 per share. This purchase will cost the company a total of not exceeding Rs 6,31,26,06,300.

In the T20 World Cup of 2007, it was Yuvraj Singh, who took Stuart Broad to knockers as he hit 6 sixes in a row! On Thursday, D-Street too witnessed a similar magical moment as the bulls knocked 6 sixes in a row i.e. they gained for the sixth straight session! Stocks in news: Voltas, Cybertech, Ramco Cements, Solar Industries.

In the last trading session, Sensex reclaimed its milestone level of 40,000 after almost 7 months, while Nifty regained its 11,800 mark. With this, Nifty is trading at an exuberant historical PE ratio. Definitely, the technical trend of the index in an upward trajectory but one should not forget this fundamental fact that PE is at historical highs.

Domestic AUM declined by 2.3 per cent on a sequential basis in the month of September 2020

Saregama India Ltd on Thursday launched a new product namely, Carvaan Mini Kids, which is the ultimate solution for parents worrying about kids’ increasing screen time.

Sensex closed Thursday’s session up by 303.72 points or 0.76 per cent from Wednesday’s close to end the session at 40,182 levels while Nifty was up by 95.75 points or 0.82 per cent at 11,834 levels.

Infosys today informed that it has signed a definitive agreement to acquire a US-based data analytics company, Blue Acorn iCi.

The technological process employed by the company for the manufacturing of this product is simple, affordable, and scalable. Besides, the company also filed a patent application for the innovative process of this product.

Hitachi ABB Power Grids in India, listed on Indian stock exchanges as ABB Power Products & Systems India Ltd, announced that it has won a project of more than Rs 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between state-run Hindustan Petroleum Corporation Limited and the Government of Rajasthan.

Principal Mutual Fund has launched a new fund offer. Read on to find out more details.