The Indian stock markets are set to witness a gap-up opening of over one per cent on Wednesday on the back of positive cues from Asian peers and strong close on the Wall Street overnight. The SGX Nifty is trading above 10,700 mark and indicates that Nifty could open higher by 117 points. 

IIFL Wealth Management Ltd  announced it would acquire the entire share capital and the company of Chennai-based Wealth Advisors India Private Limited (Wealth Advisors).  IIFL Wealth will conclude the transaction for a consideration of INR 235 Crore. The transaction is subject to regulatory approvals. 

Symbo India Insurance Broking (Symbo), a digital insurance brokerage firm, in partnership with Reliance General Insurance and event ticketing company Goeventz has launched Marathon Insurance – a unique cover for marathon runners.

The stocks most likely to witness significant movement on the bourses on October 17, 2018 are TTK Prestige Limited, Infosys Ltd., L&T Technology Services, Cochin Shipyard and ITI Ltd.

Infosys consolidated revenue for the quarter came in at Rs. 20609 crore, registering an increase of 7.74 per cent QoQ. In USD terms, Q2FY19 revenues rose by 3.2 per cent QoQ, while in constant currency terms.

Alembic Pharmaceuticals (APL) has received USFDA tentative approval for its ANDA Alogliptin tablets of 6.25 mg, 12.5 mg and 25 mg. The stock of Alembic Pharmaceuticals opened on a positive note with open and low as the same level, indicating optimism throughout the day. 

India’s largest supplier of industrial storage batteries and second largest automotive battery manufacturer, Amara Raja Batteries (ARBL), is looking to spend almost Rs. 700 crore for expansion of its capacity by setting up greenfield facilities at Chitoor, Andhra Pradesh. 

The company has received purchase order for designing, building and managing the Indian Navy’s digital network. The total cost of the project is Rs 3500 crore.

To adhere to the KYC (Know Your Customer) norms set forth by SEBI (Securities and Exchange Board of India), UIDAI (Unique Identification Authority of India) have asked mutual fund industry to discontinue with their Aadhaar-based authentication. Read on to find out more.​

Delta Corp has produced a very satisfactory quarterly performance as of September 2018.