Sensex Trades Over 200 Points Higher; Dow Futures Up By 79 Points

Infosys BPM will also improve Newmont's touchless invoice processing across its accounts payable processes and provide a Digital Command Centre for real-time visibility into process health metrics and analytical models to identify root causes, and thus boost performance across its operations, it added.

"We are pleased to continue to partner with Infosys BPM in standardizing and digitizing supply chain processes across our regions.

"Infosys BPM's strong leadership commitment and clear understanding of our operations will enable significant productivity improvements, service levels improvements, and cost savings," said Ryan Plourde, Group Executive -- Supply Chain at Newmont Corporation.

Anantha Radhakrishnan, MD, and CEO of Infosys BPM said the engagement leverages the company's deep digital and domain expertise and will fast track Applied AI and RPA (Robotic Process Automation) adoption in mining.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, shares of Infosys were trading up by 1.2% on the BSE.

Moving on to news from the IPO space...

Anupam Rasayan IPO Opens Today

Anupam Rasayan's Rs 7.6 billion initial public offering (IPO) opened for subscription this morning. The issue by the specialty chemicals company comprises entirely fresh issuance of shares and is being sold in the Rs 553-555 price band.

At the upper limit of the price band, the scrip is asking a Price to Earnings (P/E) ratio of 95.2 times trailing 12-month basis on restated Earnings Per Share of Rs 5.8. This is significantly higher than the peer average of 33 times.

The company plans to use net proceeds of the IPO to repay or prepay certain debt and for general corporate purposes. The post-issue implied market capitalization of the company is projected at Rs 55.3 billion - 55.4 billion.

Anupam Rasayan manufactures a variety of intermediates and ingredients for insecticides, fungicides, and herbicides for agrochemical companies. Besides it also manufactures anti-bacterial and ultraviolet protection ingredients for FMCG and pharma companies.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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