HYDERABAD: Engineering & technology solutions provider Cyient has sealed a strategic partnership with German regional commercial aircraft manufacturer Deutsche Aircraft.As part of the agreement, the two players will collaborate on the detailed design for manufacturing of the rear fuselage section of the 40-seater D328eco regional turboprop aircraft, which is an upgraded version of the Dornier … Read more
HYDERABAD: Engineering & tech solutions provider Cyient has entered into a memorandum of understanding (MoU) with Japanese electric vertical takeoff and landing (eVTOL) aircraft manufacturer SkyDrive Inc.As part of the MoU, the two players will be collaborating across product development, engineering, manufacturing and digital services for SkyDrive’s eVTOL aircraft. The urban air mobility (UAM) market, … Read more
With promoters making a beeline to make the most of the bull market, 2023 saw one IPO hitting the Street every day on an average. By the time the year ends, we would have seen about 230 IPOs out of 246 trading days in the calendar year. However, the list is dominated by SMEs as … Read more
Brokerage firm Morgan Stanley maintained an Equal Weight rating on Tata Steel and SAIL. Motilal Oswal has a buy rating on Max Healthcare and Cyient. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Steel: Equal Weight on Tata Steel & SAIL Morgan Stanley maintained … Read more
Equity indices soared more than 2% to settle at record high levels on Monday, marking the fifth straight day of gains. The 30-share Sensex jumped 1,384 points to close at a lifetime high of 68,865 and the broader Nifty also climbed 419 points to hit its all-time closing high of 20,686. Stocks that were in … Read more
Auto major Tata Motors, which is selling about 4.63 crore shares in the much-awaited IPO of its subsidiary Tata Technologies, will raise about Rs 2,314 crore at the upper price band of Rs 500 per share. The fund-raising is part of the Tata Group company’s plan to pare down its debt and eventually become net … Read more
Cyient Ltd, part of the IT-enabled services industry, has rallied about 10% in a week which helped the stock to break from a Triangle formation on the weekly charts. The breakout has opened room for the stock to head towards 1942 levels in the next 3-4 weeks, suggest experts. The stock rose from Rs 1668 … Read more