The IT sector, during the fiscal second quarter, reported in-line operating performance, moderate deal wins and a weak second half outlook. While last year’s record deal wins have supported H1Y25 growth, stable leakages have helped too, though sporadic instances of ramp-downs still linger, stated a report by JM Financial. “FY24’s deal revenues in the base
The month of October remained an exciting one with companies across sectors riding high on the festive season, the frenzy around IPO announcements, and quarter results announcements for Q2FY25. Firms betted on the festive season for increased sales and revenue growth as retailers, e-commerce platforms, and consumer goods manufacturers experience a surge in demand as
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued important guidelines to ensure that government employees nearing retirement receive their pensions and gratuities without delay. According to the new instructions dated October 25, 2024, timely processing is essential, starting from the preparation of retirement lists to the issuance of the Pension Payment Order (PPO).
Muhurat Trading 2024 timings: The Indian stock exchanges, on occasion of Diwali Laxmi Puja, will hold a special one-hour trading session on Friday evening known as ‘Muhurat trading’. During this Muhurat trading hour, all market segments will be active, including equity, currency derivatives, commodity derivatives, equity futures and options (F&O), and securities lending and borrowing
Praveena Rai has officially taken over as Chief Executive Officer and Managing Director of the Multi Commodity Exchange (MCX), effective October 31. Her appointment follows the completion of P.S. Reddy’s five-year term, which ended in May 2024, the exchange said. Before joining MCX, Rai was the CEO of the National Payments Corporation of India (NPCI)
Since the last few months, Tata Nexon has been the undisputed leader in the sub-compact SUV segment in India. Tata Motors offers a wide range of options for the Nexon which includes multiple powertrain and transmission options, making it a very tempting choice for a large consumer base. Another big reason for Nexon’s popularity is
October rolls into November, and carmakers have witnessed a sales increase owing to the festive season. Carmakers such as Maruti Suzuki, Tata Motors, Hyundai, and Kia have been looking forward to this, while two-wheeler makers such as Hero MotoCorp, TVS, Bajaj, and Honda have also been counting on the festive season to see a boost
Petrol, Diesel Price Today 1 November 2024: Oil prices went up on Friday by gaining more than $1 per barrel because of the geopolitical crisis in the Middle East. In the early trading, Brent crude futures for January climbed by $1,31 at $74.12 per barrel. On the other hand, US West Texas Intermediate (WTI) crude
A term insurance plan under the Married Women’s Property (MWP) Act will ensure financial protection of the insured’s wife and children in his absence. The insurance pay-out will only go to them and no creditor of any outstanding loan of the insured can stake claim on the amount. In case a woman is opting for
Zomato will not launch private labels and Blinkit’s quick food delivery platform, Bistro, operates independently without using any data from its Gurugram-based parent, Blinkit CEO Albinder Dhindsa clarified on Friday. The statement comes a day after the National Restaurant Association of India (NRAI) announced plans to take legal action against platforms like Zomato for allegedly
Infosys has escalated its legal battle with Cognizant by filing a counter-lawsuit in a US court. The lawsuit accuses the Nasadq-listed Cognizant and its CEO, Ravi Kumar, of engaging in anti-competitive practices and misusing sensitive information to undermine Infosys Helix, its flagship healthcare platform. The allegations were reported by Moneycontrol and mark a significant development
In a move that will bring relief to foreign portfolio investors (FPIs), the Securities and Exchange Board of India (SEBI) has proposed a doubling of the additional disclosure threshold for FPIs with an exposure of Rs 25,000 crore. The suggestion – to raise the floor to Rs 50,000 crore of equity assets under management –
Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13
