- Factors that will drive the markets this week
Stock markets would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends this week, analysts said. The US debt ceiling negotiations and institutional flows will…
- 12 hours ago 28 May 23, 2:53pm -
- 'PNB Housing well capitalised to support loan growth'
Housing finance company (HFC) PNB Housing is planning to focus on reducing delinquencies in 2023-24.
- 2 days ago 27 May 23, 2:05pm -
- What's capping rally in SBI shares?
Given the uncertain macroeconomic conditions, most brokerages have turned slightly cautious on the pace of growth in State Bank of India's (SBI's) earnings going ahead. While they don't see any signi…
- 2 days ago 27 May 23, 11:01am -
- ITC's stock rally has more legs; analysts are positive
ITC's results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division's perform…
- 2 days ago 27 May 23, 10:45am -
- Meta's senior India executives get pink slips
With the third and final round of layoffs implemented by Facebook's parent company Meta Platforms, Inc. in process globally, India, too, has seen its impact, with some senior executives being asked to…
- 2 days ago 27 May 23, 8:40am -
- Wipro chairman Rishad Premji's compensation down 50%
Rishad Premji, chairman of IT services major Wipro, saw his compensation for FY23 decline by almost 50 per cent year-on-year, due to a fall in the firm's profit. According to the Form 20-F, filed wit…
- 2 days ago 27 May 23, 8:12am -
- A-I relaxes privilege leave norm for staff
Air India has relaxed the new norm related to the accumulation of privilege leaves for those employees retiring in the current and next financial years. In March, the Tata Group-owned carrier revised…
- 3 days ago 26 May 23, 1:32pm -
- Forex reserves drop by $6 billion to $593.48 billion
India's foreign exchange reserves dropped by $6.05 billion to $593.48 billion during the week ended May 19, RBI said on Friday. The drop in the kitty has snapped two consecutive weeks of increases.…
- 3 days ago 26 May 23, 12:15pm -
- Sensex surges 629 points; RIL jumps 2.79%
Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan were among the other major gainers. Bharti Airtel, Power Grid and NTPC were the laggards…
- 3 days ago 26 May 23, 10:55am -
- Bernstein pegs RIL's stake in retail arm at $111 bn
Global investment management firm Bernstein has pegged the enterprise valuation of Reliance Industries (RIL)'s 85 per cent stake in Reliance Retail at $111 billion, while valuing the Mukesh Ambani-led…
- 3 days ago 26 May 23, 10:40am -
- Tribunal's order on Zee-Sony merger set aside
The National Company Law Appellate Tribunal (NCLAT) has set aside the order of NCLT directing bourses NSE and BSE to reconsider their approval for the Zee-Sony merger. A two-member NCLAT bench has as…
- 3 days ago 26 May 23, 10:22am -
- Margin expansion ahead for Colgate-Palmolive
The stock of Colgate-Palmolive (India) surged after the company delivered a better than expected operating performance for the March quarter of the 2022-23 financial year (Q4FY23) recently. The stock…
- 3 days ago 26 May 23, 8:30am -
- Has correlation between Nifty IT index, NASDAQ ended?
Back home, the Nifty IT index - a gauge of the performance of the IT stocks on the National Stock Exchange (NSE) that has closely mirrored the performance of NASDAQ over the past few years - has lost…
- 3 days ago 26 May 23, 7:22am -
- Varun Beverages part of trillion-rupee club
Since its results, the stock of bottling and beverage distribution company Varun Beverages (VBL) is up 7 per cent on the back of a strong 2022-23 January-March quarter performance, robust outlook, and…
- 3 days ago 26 May 23, 7:03am -
- Revealed: ONGC's Big Plans
'We plan to add over 100,000 square kilometres every year, to reach an ambitious target of 500,000 square kilometres by 2025.'
- 4 days ago 25 May 23, 12:05pm -