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Sensex, Nifty pare gains, trade flat; Vedant Fashions to list

Stock market today: Indian share markets rebounded Tuesday, with the Sensex jumping 1700 points to reclaim 58K while Nifty closed above 17,300.But today on Wednesday it opened positive and started sliding down for obvious reasons-now at 17350 (NSE). War threat and US FED rates play in tune with global peers and the markets lack direction.

Investors’ attention was likely to turn to economic and monetary policy developments amid speculation that the US Fed may raise rates by a full 50 basis points in March. Among events in focus, was the release of the minutes from the Fed’s January policy meeting later on Wednesday as well as January consumer inflation data from the UK and Canada.

Infosys BPM to hire 400 skilled workers in Costa Rica by 2022

Infosys BPM, the business process management arm of Infosys Ltd, plans to hire 400 skilled customer services workers in Costa Rica. The new employees will join the existing workforce of 300 employees in the region.

The announcement is part of Infosys BPM’s strategy to enhance its portfolio of international clients and overall business growth. This is in line with its expansion plans in Costa Rica and the overall focus on enhancing communities in which the company operates.

Active COVID-19 cases in country dip to 3,70,240: Health Ministry

Tech Mahindra to acquire 80% stake in Australian firm Geomatic.AI: BSE filing

Tech Mahindra will acquire 80% stake in Australian artificial intelligence firm Geomatic.AI for 6 million Australian dollars (about ₹32 crore) through its Singapore-based subsidiary.

Geomatic.ai Pty was incorporated under Australian laws on 7 February 2022 and operates in the field of energy and utilities.

“As part of this deal, Tech M will have 80% shareholding in Geomatic.AI for consideration of Australian dollar 6 million. Ausnet will have 20 per cent shareholding and transfer digital workforce, intellectual property , assets and client contracts to the newly formed entity,” the company said in a filing to the exchanges.

The deal has been signed and closed simultaneously, it added.

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