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The first pre-induction night launch of new generation <keyword id="42458" type="General" weightage="20" keywordseo="ballistic-missile" source="Orion">ballistic missile</keyword>, <keyword id="12762316" type="General" weightage="20" keywordseo="Agni-Prime" source="Orion">Agni Prime</keyword>, was successfully flight-tested by Defence Research and Development Organisation (<keyword id="6355142" type="General" weightage="100" keywordseo="drdo" source="Orion">DRDO</keyword>) from Dr APJ <keyword id="3038338" type="General" weightage="50" keywordseo="abdul-kalam-island" source="Orion">Abdul Kalam Island</keyword> off the coast of <keyword id="6357961" type="General" weightage="50" keywordseo="odisha" source="Orion">Odisha</keyword> on Wednesday at around 7:30 pm, a DRDO statement said on Thursday. As per the official statement, during the flight test, all objectives were successfully demonstrated. This was the first pre-induction night launch conducted by the users after three successful developmental trials of the missile, validating the accuracy and reliability of the system. "First Pre Induction night launch of New Generation Ballistic Missile Agni Prime was successfully conducted off the coast of Odisha on 07 June 2023," tweeted DRDO. Range instrumentation like Radar, Telemetry and Electro-Optical Tracking Systems were deployed at different locations, including two down-range ships, at the terminal point to capture flight data covering the entire trajectory of the vehicle, the statement said. Senior officials from DRDO and Strategic Forces Command witnessed the successful flight test, which paved the way for the induction of the system into the Armed Forces. Defence Minister Rajnath Singh congratulated DRDO and the Armed Forces for the success as well as the copy-book performance of the New Generation Ballistic Missile Agni Prime. Secretary Department of Defence R&amp;D &amp; Chairman DRDO Dr Samir V Kamat appreciated the efforts put in by the teams of DRDO laboratories and the users involved in the test launch. Senior officials from DRDO and Strategic Forces Command witnessed the successful flight test, which has paved the way for induction of the system into the Indian Armed Forces, it said. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/vision-pro-to-ios-17-apples-top-six-announcements-at-wwdc-2023/articleshow/100786632.cms">Vision Pro to iOS 17: Apple’s top six announcements at WWDC 2023</a> <a href="https://www.businessinsider.in/tech/mobile/news/best-mobile-phone-under-30000-in-june-2023-in-india/slidelist/100845957.cms">Looking for a smartphone under ₹30,000? Here are our top picks</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-11-pro-series-launched-in-india-check-out-price-and-other-details/slidelist/100842596.cms">Realme 11 Pro series hits Indian market with a starting price of ₹23,999</a>

'Agni Prime' ballistic missile successfully flight-tested by DRDO off Odisha coast

The <keyword id="152819" type="General" weightage="50" keywordseo="defence-research-and-development-organisation" source="Orion">Defence Research and Development Organisation</keyword> (<keyword id="6355142" type="General" weightage="100" keywordseo="drdo" source="Orion">DRDO</keyword>) conducted two successful flight tests of the <keyword id="6354416" type="General" weightage="80" keywordseo="indian-army" source="Orion">Indian Army</keyword>'s version of the Medium Range Surface to <keyword id="635273" type="General" weightage="50" keywordseo="air-missile" source="Orion">Air Missile</keyword> (MRSAM) on Sunday. The tests, conducted at the Integrated Test Range, Chandipur, off the coast of Odisha, were carried out as part of the live firing trials against high-speed aerial targets. The first test was to intercept a medium-altitude, long-range target and the second against a low-altitude, short-range target. The missiles intercepted the targets and destroyed them completely, registering direct hits at both ranges. Developed jointly by DRDO and the <keyword id="621699" type="General" weightage="50" keywordseo="israel-aerospace-industries" source="Orion">Israel Aerospace Industries</keyword> (IAI), for use by the Indian Army, the MRSAM Army weapon system comprises multi-function radar, mobile launcher system, and other vehicles. The flight tests were carried out with the weapon system in deliverable configuration. The performance of the weapon system was validated through the flight data captured by range instruments like radars, electro-optical tracking systems and telemetry deployed by ITR, Chandipur. Senior officials from the DRDO and the Indian Army were present at the test site. Defence Minister <keyword id="6355121" type="General" weightage="50" keywordseo="rajnath-singh" source="Orion">Rajnath Singh</keyword> congratulated the DRDO, the Indian Army, and the industry for the successful flight tests of MRSAM-Army, saying both the successful tests establish the capability of the weapon system in intercepting targets at critical ranges. Defence R&amp;D Secretary and DRDO Chairman Dr G. Satheesh Reddy complimented the teams involved in the successful flight trials and termed these tests major milestones for 'Aatmanirbhar Bharat'. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/pvr-and-inox-leisure-announce-merger/articleshow/90476756.cms">PVR and INOX Leisure announce merger</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/the-internet-made-me-do-it-how-flying-chappal-short-videos-are-normalising-physical-abuse/articleshow/90445408.cms">The internet made me do it: How flying chappal short videos are normalising physical abuse</a>

DRDO successfully flight-tests Army's surface to air missile

<ul><li>Indian scientists shot down a <keyword id="7468139" type="UNKNOWN" weightage="20" keywordseo="low-orbit-satellite">low orbit satellite</keyword> 300 km away in space, says Prime Minister Modi.</li><li>India is the fourth country to wield anti satellites after US, Russia and China.</li><li>This feat will be used only for security, peace, and development, reassures Modi.</li><li>No international covenant has been broken, according to the Indian PM.</li></ul> Indian Prime Minister Narendra Modi revealed that country's scientists shot down a low orbit satellite 300 km away in space. 
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 "Just a few minutes ago, our scientists shot down a live satellite on the LEO (Low Earth Orbit). They achieved it in just three minutes," he said without clarifying to which country the satellite shot down belonged to. The <keyword id="1020427" type="PERSON" weightage="20" keywordseo="anti-satellite">anti-satellite</keyword> missiles were developed in India. However, Modi went on to reassure the international community that India will only use this new capability for its own security and development and that no international covenant has been broken in today's action. Anti-satellite missiles are space weapons designed to incapacitate or destroy satellites for strategic military purposes. For example, to bring down spy satellites. China successfully tested its own anti-satellite missile in 2007 after four failed attempts. "India has demonstrated a deterrence capability," space scientist Ajay Lele told the state-owned network Doordarshan. "It is unlikely that India would have raised the ante against any other country at this stage," he said adding that the scientists must have shot down its own satellite. An outer space treaty does not allow using weapons of mass destruction in the space, Lele explained. "A similar test by China in 2007 has left behind a lot of debris which is still floating around," Lele said. With the successful test launch of the Agni-V missile in 2012, India demonstrated the capability and technology to launch anti-satellite weapons but the government had not approved the development of such systems, former DRDO chief V K Saraswat <a href="http://archive.indianexpress.com/news/can-show-antisatellite-capability-if-govt-gives-nod-drdo-chief/939594/0" data-type="tilCustomLink" target="_blank">told the Indian Express</a> in April 2012. "Today, India has established itself as a space power," Modi said in a televised address on Wednesday (march 27). "Until now, only US, Russia and China could claim the title. India is the fourth country to achieve this feat," he added. India has a variety of satellites that are contributing to different sectors like weather, broadcasting, navigation, education, agriculture, aside from security. "Today's anti-satellite missiles will give a new strength to the country both in terms of security and development" Modi said. 
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India enters an elite club after scientists shoot down a low orbit satellite 300 km away in space

<ul><li>The basis of allotment for the ₹600 crore IPO of MTAR Technologies will be announced today on March 10.</li><li>The company provides a wide range of complex product portfolios that meet the Indian nuclear, defence, and space sector's varied requirements.</li><li>Here is <keyword id="10900487" type="UNKNOWN" weightage="20" keywordseo="how-to-check-mtar-technologies-ipo-allotment">how to check MTAR Technologies IPO allotment</keyword> status on the registrar website and stock-exchanges.</li></ul>The basis of allotment for the ₹600 crore initial public offering (IPO) of defence components maker MTAR Technologies will be announced today, on March 10. The issue clocked a robust response from investors as it was subscribed 200.79 times the offer value. According to data from the stock-exchanges, the issue received bids for 1.46 billion equity shares against an offer size of 7.26 million shares. The company, incorporated in 1999, develops and manufactures components and equipment for the defence, aerospace and nuclear energy sectors. It provides a wide range of complex product portfolios that meet the Indian nuclear, defence, and space sector's varied requirements. Indian Space Research Organisation (ISRO), Nuclear Power Corporation of India (NPCIL), Defence Research and Development Organisation (DRDO), Bloom Energy, Rafael Advanced Defense Systems are some of the esteem clients. For the uninitiated, the company is also backed by former Blackstone India honcho Mathew Cyriac. Cyriac is the company's nominee director and has previously been a co-head of private equity firm Blackstone. He also serves as a director on the board of Florintree Advisors, a Mumbai-based alternative asset management firm. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MTAR Technologies IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">164.99x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">650.79x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.40x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">200.79x </td></tr></tbody></table> However, after this stellar response that <keyword id="10824299" type="UNKNOWN" weightage="20" keywordseo="MTAR-Technologies-ipo">MTAR Technologies IPO</keyword> has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for. Here is <keyword id="10900488" type="UNKNOWN" weightage="20" keywordseo="how-to-check-mtar-technologies-ipo">how to check MTAR Technologies IPO</keyword> allotment status: If you subscribed to the MTAR Technologies IPO, you could check your allotment status by following these simple steps: To check on the stock-exchange website: <ul><li>To check <keyword id="10888007" type="UNKNOWN" weightage="20" keywordseo="MTAR-Technologies-IPO-allotment-status">MTAR Technologies IPO allotment status</keyword>, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'MTAR Technologies'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (KFintech Private Limited) to check your application status. <ul><li>Visit the registrar's website <a href="https://kcas.kfintech.com/ipostatus/">here</a>.</li><li>Click on 'Select company' and click on 'MTAR Technologies'. It will only appear post allotment on March 10.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-doodle-honours-udupi-ramachandra-rao-indias-satellite-man-and-padma-bhushan-winner/articleshow/81424050.cms">Google Doodle honours Udupi Ramachandra Rao — India's 'satellite man' and Padma Bhushan winner</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/amitabh-bachchan-to-be-honoured-with-international-federation-of-film-archives-award/articleshow/81423955.cms">Amitabh Bachchan to be honoured with an award by International Federation of Film Archives</a>

MTAR Technologies IPO: Here is how to check share allotment status

<ul><li>The five large Indian IT services companies — Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, and Tech Mahindra — are trading in the green today. </li><li>The rally in their share price is on the back of Accenture’s fourth-quarter earnings announced last night. </li><li>The company recorded $14 billion in new deal wins, more than half of which came from the outsourcing segment.</li><li>Its growth in revenue was driven by the health and public services vertical. </li></ul>Accenture’s latest earnings report strengthens the optimism for recovery in the Indian IT sector. And the rally in domestic IT stocks is a reflection of that. Tata Consultancy Services (TCS) is among the top movers in the market today. Its Indian IT services peers — Infosys, Wipro, HCL Technologies and Tech Mahindra — India’s top 5 most valuable IT stocks are also glittering green on the back of Accenture’s earnings. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change in share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.43% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.07% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.85% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.82% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.21% </td></tr></tbody></table>Source: BSE — Share price as of 9:50 am compared to previous day’s closing The fourth-quarter results of the Global IT services company indicate that demand is set to return to the sector. “Strong order booking, driven by outsourcing, implies demand is on the path to normalisation and recovery,” said Motilal Oswal in its report dated September 25. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td colspan="2" style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Accenture's order book: </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New consulting orders </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$6.5 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New outsourcing orders </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$7.5 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total new order value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$14 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New large clients ($100 million plus) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17 </td></tr></tbody></table> The traction seen in outsourcing and the focus on cloud, in particular, bodes well for the Indian IT industry. Of the $14 billion worth of bookings that Accenture had on its books during the fourth quarter, more than half was from outsourcing. As of Q4, 70% of the company’s revenue was coming from businesses like digital, cloud and security — areas where Indian companies have also been doubling down. “The shift to cloud helps build a foundation for digital transformation and deflates costs which can be reinvested by enterprises to fund their digital transformation initiatives,” said Japanese brokerage Nomura. Healthcare — the diamond in the rough The biggest growth driver for Accenture is health and public services. However, that particular vertical is unlikely to benefit Indian IT service companies the same way. Most of them have relatively low exposure to healthcare. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vertical </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quarterly growth by Accenture </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Health and public service </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Products </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Resources </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.9% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Communications, media and technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.3% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Financial services </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.3% </td></tr></tbody></table> Nonetheless, TCS — recently having breached the ₹900 lakh crore valuation — is the only Indian IT services giant who’s healthcare market share is greater than its take of the manufacturing market. <div type="image" title="tcs healthcare (1)" msid="78309569" hostid="261" caption="&amp;lt;p&amp;gt;TCS share in the healthcare market&amp;lt;/p&amp;gt;"></div> Accenture’s revenue in the three months ended August fell 2% over the previous quarter to $10.84 billion. For the next fiscal year, the company expects operating margin to be in the range of 14.8% to 15.0%, an expansion of 10 to 30 basis points over the previous year. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-and-sbi-customers-are-facing-upi-payment-glitches/articleshow/78293815.cms">HDFC Bank and SBI customers are facing UPI payment glitches</a> <a href="https://www.businessinsider.in/defense/news/drdo-waives-performance-security-for-development-contracts-as-an-incentive-for-the-private-sector/articleshow/78295788.cms">DRDO waives ‘performance security’ for development contracts as an incentive for the private sector</a> <a href="https://www.businessinsider.in/science/space/news/the-first-ever-supermassive-black-hole-to-be-captured-on-camera-has-a-wobbly-shadow/articleshow/78290040.cms">The first-ever supermassive black hole to be captured on camera has a wobbly shadow</a>

TCS, HCL Tech, Infosys, and other IT stocks rally led by Accenture’s outsourcing strength

<ul><li>UK-based <keyword id="45964" type="COMPANY" weightage="20" keywordseo="Rolls-Royce">Rolls Royce</keyword> plc has reportedly been booked for cash over contracts worth ₹4700 crores. </li><li>Reports say that the charges come from the company's businesses with HAL,ONGC &amp; GAIL. </li><li>In February, the UK government dropped corruption charges against Rolls Royce in India.</li></ul>The UK-based company Rolls Royce has been charged with corruption in India. According to a Times Now alert, Rolls Royce plc has been booked for cash over contracts worth ₹4700 crores. According to ANI, the company paid ₹75 crores to officials. In February, <a href="https://www.businesstoday.in/top-story/uk-drops-corruption-charges-against-rolls-royce-in-india-other-countries/story/321559.html">reports</a> had said that the UK government had dropped corruption charges against Rolls Royce in India. However, the issue has cropped up again as media reports have suggested that the Central Bureau of Investigation (<keyword id="6354572" type="ORGANIZATION" weightage="20" keywordseo="CBI">CBI</keyword>) has accused Rolls Royce of bribing officials from the state-owned companies likes Hindustan Aeronautics Limited,oil and gas explorer ONGC &amp; and gas distribution major GAIL. "“We are aware of reports that the Central Bureau of Investigation (CBI) in India has announced a First Information Report relating to the use of intermediaries by Rolls-Royce’s former Energy business in India. This is not about our Defence, Civil Aerospace or Power Systems businesses. We await contact from the CBI and will respond appropriately. We will not tolerate business misconduct of any sort and we are committed to maintaining high ethical standards and no-one currently working for Rolls-Royce in India played any part in these Energy deals. India is an important market for Rolls-Royce and we have a valued workforce of skilled people in the country,” said a Rolls Royce spokesperson. <a href="https://www.thehindubusinessline.com/companies/rollsroyce-bets-big-on-gas-turbine-engine-technology-with-drdo/article9866339.ece">Rolls-Royce Holdings Limited</a>'s subsidiary has been working on gas turbine technology in India. Rolls Royce is the world’s second-largest maker of aircraft engines as well. However, Rolls-Royce Motor Cars is a wholly-owned subsidiary of the BMW Group. “We are working very closely with defence organisations — MoD, DRDO, NAL, HAL — on how to co-create products and solutions for the Indian market, because at the end of the day, the future is going to be about India owning the IP. Joint IPs between countries are the way to go,” <a href="https://www.thehindubusinessline.com/companies/co-developing-ip-is-the-key-to-drive-make-in-india-rolls-royce/article28561164.ece">Kishore Jayaraman,</a> President, South Asia, Rolls-Royce Plc. had told the media recently.

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