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The co-founders of Web Werks, Nikhil and Nishant Rathi, have exited the data centre firm by selling their entire stake to US-based Iron Mountain for Rs 1400 crore. The two will continue to retain ownership of their software development business, NeoSOFT, and will scale up their technology and digital services platform, NeoNXT, going forward. Iron

The tech stocks are among the top stars in trade today. The Nifty IT Index rallied nearly 2% in early trade and is still holding over 1% gains. Some of the big winners include Infosys, Wipro, MphasiS, Coforge and the like. The Nifty IT Index has been under pressure lately on the back of recession

The FMCG major Godrej Consumer Products’ share price rose 2.4% to the day’s high of Rs 1,187.90 after Nuvama retained its Buy rating on the stock following a pre-quarterly business update. The stock is now almost 23% away from its 52-week high of Rs 1,541.85.  Nuvama on Godrej Consumer Products: Business update in line with

By Anand James Nifty has now fended off multiple attempts to set off on a downside spiral, with momentum fizzling out on every attempt to scythe through the 23000 support. Clearly, the market is clinging to some hope, as the budget announcement is near. It is noteworthy that 67% of the time in the last 12

The full-service stock broker Anand Rathi is all set for Diwali 2024. The brokerage has selected a pack of stocks to invest in Samvat 2081. The brokerage firm has picked five stocks to lighten up Samvat 2081. Here are the top picks of Anand Rathi:   Interglobe Aviation  InterGlobe Aviation, known as IndiGo, is India’s leading

Earnings disappointment and Chinese stimulus has seen foreign investors taking out money from India. But Sankaran Naren is also worried about investors’ overenthusiasm in the derivatives market. He tells FE that the RBI is unlikely to cut rates in December if growth rates don’t go down materially. Excerpts: After a wonderful run of almost five

By Siddharth Vora When you’re driving a car and approach a bumpy road, you shift to a lower gear to gain better control. This helps you maintain a slower, more manageable speed, making it easier to handle bumps and obstacles safely. On the highway, though, you shift into a higher gear for better fuel efficiency

As Dhanteras approaches, gold buyers are reflecting on a prosperous year, with those who purchased the yellow metal on last year’s Dhanteras, November 10, 2023, enjoying returns of around 30%. Despite this substantial rise, experts predict further upside potential, with gold prices expected to reach Rs 87,000 per 10 grams by next Dhanteras, reflecting an