Shares of Vijay Kedia-backed TAC Infosec rose on news of a one-for-one bonus issue, backed by strong financial performance, including a 157% revenue rise and doubled profits. The company plans $100 million capex by 2030 to enhance AI-led cybersecurity, expand globally, and pursue a Nasdaq listing for its US arm.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise