GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Wednesday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended unchanged at 24,450 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday
Companies expect enterprise artificial intelligence (AI) to boost productivity by 10-40%, but only 2% of them are ready, Infosys said in a research report. This is due to huge gaps in basic AI readiness, it said. The Infosys Enterprise AI Readiness report, which surveyed over 1,500 respondents across Australia, New Zealand, France, Germany, the United
Fresh produce supply chain startup Ninjacart has reported a 74% increase in operating revenue for FY24, reaching Rs 2,002.7 crore, up from Rs 1,153.4 crore in FY23. The company also reported a 20% reduction in net losses, which fell to Rs 259.6 crore from Rs 326.3 crore in the previous fiscal year. The company attributes
IT services major Tata Consultancy Services (TCS) has announced a 15-year partnership with Ireland’s Department of Social Protection to implement and support a new auto-enrolment retirement savings scheme called ‘My Future Fund’. The initiative, aimed at facilitating retirement savings for approximately 800,000 workers in Ireland, will provide a comprehensive digital solution for automatic enrolment, record
Under the government’s flagship programme, PM Suryaghar Muft Bijlee Yojana, the country’s rooftop solar capacity increased by more than 50% in just six months since its launch in February. Around 400,000 rooftop solar connections totalling to a new residential rooftop solar capacity of 1.8 gigawatts (GW) have been installed in the period. This already amounts
Bharti Airtel MD and CEO Gopal Vittal on Tuesday said in his role as executive vice chairman of the company his work will be to oversee growth of new businesses and drive synergies on digital procurement, talent, and network strategy. Vittal, who has assumed the role as vice chairman of the company, in addition to
Five-Star Business Finance reported a 34% year-on-year increase in net profit for the second quarter of FY25, reaching Rs 268 crore. The Chennai-based non-banking finance company (NBFC) saw its total income rise by 35% to Rs 706 crore. Interest income for the July-September quarter increased 34% year-on-year to Rs 679 crore. The lender’s disbursements grew
The Competition Commission of India (CCI) has sought bids to appoint an agency for carrying out digital forensics that will aid the competition watchdog in its investigations. As per the bid document, the service provider will have to acquire, extract and analyse digital evidences from various electronic devices such as mobile, computers, tablets, storage devices
Many major banks, including State Bank and PNB, have either revised their fixed deposit (FD) rates or launched new products for super senior citizens (those aged 80 years and above) recently. Usually, banks offer super senior citizens 25 to 75 basis points (bps) higher than the regular rate offered to the general public. Here’s a
Tata Elxsi Ltd on Thursday announced its fiscal third quarter results with profit at Rs 199.01 crore, posting a drop of 3.59 per cent in comparison to Rs 206.43 crore recorded during the same quarter of previous financial year. It posted revenue from operations at Rs 939.17 crore, up 2.73 per cent as against Rs
Tata Consultancy Services’ attrition rate for the last twelve months stands at 13% for the quarter under review. The IT giant’s headcount shrank by 5,370 in Q3 FY25 standing at 607,354. The company’s attrition rate was 12.3% in the previous quarter of the same financial year with a total workforce of 612,724. “We continue to
Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68%
By Indra Chourasia and Natarajan R The Securities and Exchange Board of India (SEBI) has been considering a reframing of ownership and economic structure of clearing corporations (CCs) in the equities markets to diversify their ownership. Currently, these CCs operate as 100% owned subsidiaries of their parent exchanges. Given the vital risk management role played
