The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned costly. March is the 10th straight month when wholesale price index (WPI) based inflation has declined. The inflation was 3.85 per cent in February and 14.63 [...]
Infosys Ltd shares witnessed a deep fall in stock prices after the ADR effects in US markets past week. The stock is down around 11 percent today trading at a price of Rs 1,237. It hit the 52-week low mark today at Rs 1,185.30. In the last five trading sessions itself, the stock has dipped [...]
As many as 25 startups have evinced interest to sign memorandums of understandings with the Centres of Excellence that were inaugurated by Chief Minister M K Stalin, the Tamil Nadu government said on Sunday. The startups under the state government's 'Olir' (shine) initiative would be able to grow faster by utilising the state-of-the-art multi-sector Industry [...]
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) in FY24. Besides, they have also set goals for other financial inclusion schemes like Mudra Yojana and StandUp India Scheme. There are about 8.3 crore [...]
The country's largest IT services company TCS will continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities, a senior official has said. The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 [...]
Equity benchmark indices tumbled in early trade on Monday after nine days of rally, dragged down by index major Infosys, which fell nearly 12 per cent after lower-than-expected revenue growth guidance for FY24. Weak trends in other IT counters also pulled the benchmark lower. The 30-share BSE Sensex tanked 677.86 points to 59,753.14 in early [...]
The Nifty witnessed a 1000 points bounce in the past 15 sessions (5.9%) and the broader markets have done quite well too. In fact, the Nifty is only 6% away from its all-time high. The earnings season has begun. TCS and Infosys disappointed the street by missing analyst estimates. As far as the global scenario [...]
The Piotroski score is a score between zero and nine, that reflects nine criteria used to determine the strength of a company’s financial position, with nine being the best and zero being the worst. The score considers net income, return on assets, operating cash flow in the current year, gross margin, asset turnover ratio, dilution [...]
Technocraft Industries (India) Ltd shares hiked more than 5 percent as of Thursday 13th Apr closing at a price of Rs 1,505.05. The stock, trading near its 52-week high figure of Rs 1,541.80, has gained around 10 percent in the last five trading sessions. It witnessed an intra-day high figure of Rs 1,528 representing an [...]
What is ‘Dividend’? Dividend refers to a reward, cash or otherwise, that companies give to their shareholders. It can be issued in various forms such as cash payments, stocks, or in any other form. Decisions pertaining to dividends are made by the board of directors of the company and require shareholder approval. Listed below are [...]
Domestic benchmark indices started the truncated week on a positive note. The BSE Sensex opened at 59858.98 points and the Nifty at 17634.90 points. The markets remained closed on Friday on account of Ambedkar Jayanti. On Thursday, the markets closed for the week in the green, after extending their gaining streak to 9 days, the [...]
Global investment firm Blackstone-sponsored Nexus Select Trust is likely to launch India's first retail REIT public offer in early May to raise up to Rs 4,000 crore. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with market regulator Sebi to launch its retail REIT (Real Estate Investment Trust). Nexus [...]
To facilitate a seamless entry process for vehicles into the forest area, Indian Highways Management Company Limited (IHMCL) has inked a pact with the Nagarjunasagar-Srisailam Tiger Reserve spread across Andhra Pradesh and Telangana, according to an official statement. IHMCL is a company incorporated by the National Highways Authority of India (NHAI) to carry out electronic [...]
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for the sector this fiscal, according to a report. Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2023 from a low Rs 3.9 lakh crore [...]
India's new gas pricing regime will offer greater downside protection for earnings of gas companies such as Oil and Natural Gas Corp (ONGC) and Oil India Ltd, S&P Ratings said on Friday. The new norms will not affect the pricing for gas produced from difficult fields that companies like Reliance Industries Ltd operate. Under the [...]
There is no freeze on the disinvestment process of RINL, the Steel Ministry clarified on Friday. Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the ministry, in a statement, said that the disinvestment process of RINL is in progress. "There is no freeze on the disinvestment process [...]
Infosys Limited closed in the red yesterday dipping more than 3 percent with a closing price of Rs 1,383.40. With such a fall in the prices, the stock has reached near to its 52-week low levels which were noted at a price of Rs 1,355. On 13th April, after market hours, the company announced the [...]
Bitcoin, the pioneer of cryptocurrencies, has undoubtedly transformed the financial landscape since its inception in 2009. However, there are still many fascinating and lesser-known facts about Bitcoin that often go unnoticed. In this article, we delve deeper into the world of Bitcoin, exploring its intriguing aspects, shedding light on its history, and unveiling surprising statistics. [...]
Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC. In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta and Narendra Kumar as [...]
Zee Music Company, a division of media firm Zee Entertainment Enterprises Ltd (ZEEL), on Friday announced the renewal of its licensing agreement with YouTube and Meta, earlier known as Facebook. The deal with two of the world's largest digital content-streaming companies will allow them to access music content from Zee Music's catalogue of over 11,000 [...]
