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BusinessESDS Software shares hit the 5% lower circuit on Monday, extending a six-session losing streak and falling nearly 30%. The selloff followed the expiry of a one-month shareholder lock-in. Additionally, weaker sequential Q1 revenue and profit raised concerns about the stock's stretched valuation, contributing to the decline.
ET Markets·
SportsThe West Indies cricket team has included wicketkeeper-batter Amir Jangoo in their squad for the upcoming T20I series against India. Jangoo is covering for Jewel Andrew, who sustained a finger injury during the third ODI match of the tour. This change was made ahead of the first T20I between the two teams.
NDTV Cricket·
EntertainmentAnupam Kher reunited with his longtime friend Robert De Niro in New York, where De Niro hosted him for lunch at his home. Kher expressed his admiration and gratitude for De Niro, calling him the world's finest actor and thanking him for the warm hospitality and a gifted cap. The meeting was a special highlight of Kher's trip to America and Canada.
NDTV Movies··New York
BusinessKotak Securities' Anindya Banerjee said crude oil's physical market price could reach nearly $145 a barrel even if benchmark prices show $100, due to soaring VLCC shipping costs widening the price gap. He expects India to stay protected by ample refining capacity and diversified supplies. Banerjee also predicts RBI rate hikes in October and December amid abundant liquidity.
Economic Times·
WorldOn September 30, Flydubai co-pilot Hamam al-Hammami allegedly attacked Indian Captain Smit Machchhar mid-flight, causing the plane to plunge 16,000 feet in 30 seconds. Passengers and off-duty pilots subdued him, saving 182 lives. The UAE calls it a terrorist attempt. Investigations are ongoing into the co-pilot's extremist links. Separately, Indian agencies arrested individuals linked to Pakistani espionage in Coimbatore and Assam, probing sensitive security leaks.
News18 World·
TechnologyCygni Energy Private Limited has signed an MoU with Indus Towers to develop Battery Energy Storage System (BESS) solutions for India's telecom infrastructure. They plan to establish up to 1.5 GWh manufacturing capacity, aiming to enhance reliability, energy efficiency, and sustainability. Cygni Energy aims to scale up to 2 GWh capacity with advanced battery technologies for telecom applications.
Business Standard·
ET Markets·
ESDS Software shares hit the 5% lower circuit on Monday, extending a six-session losing streak and falling nearly 30%. The selloff followed the expiry of a one-month shareholder lock-in. Additionally, weaker sequential Q1 revenue and profit raised concerns about the stock's stretched valuation, contributing to the decline.
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