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Tejas Networks shares rose sharply on Friday after the company received a Rs 1,537-crore Letter of Intent from TCS to supply RAN equipment for BSNL’s indigenous 4G rollout. The proposed project covers 18,685 sites, adding to Tejas Networks’ role in the telecom operator’s nationwide 4G network deployment.
Market participants remained focused on the upcoming speech by Kevin Warsh who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications on the US central banks monetary policy outlook.
The offer received bids for 443.49 crore shares as against 1.84 crore shares on offer.
The offer received bids for 210.79 crore shares as against 2.95 crore shares on offer.
The offer received bids for 93.52 crore shares as against 1.31 crore shares on offer.
Om Power Transmission announced that it has received a Letter of Intent (LoI) worth Rs 12.78 crore from Gujarat Energy Transmission Corporation (GETCO) for laying, erection, testing and commissioning of 66 kV underground cables.
IT stocks rallied on Friday after Nvidia’s strong revenue forecast reinforced optimism around the artificial intelligence (AI) boom.
Ather Energy surged 4.83% to Rs 1,567.50 and Hero MotoCorp rose 1.05% to Rs 5,608.50 after Hero MotoCorp’s board approved the purchase of additional shares in Ather Energy.
RailTel Corporation of India announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services.