The Indian equity market ended the session on a negative note today, with BSE Sensex closed at 76,619.33, down by 0.55%, while the NSE Nifty 50 settled at 23,203.20, marking a loss of 0.47%. The Rupee, meanwhile, ended the day at 86.61 against the US dollar, gaining 0.06%. The Nifty Bank ended today’s trading session
Bharat Dynamics’ share price jumped 12% in the last two trading days. It rose 7% to quote at an intra-day high of Rs 1,286.35 on Friday. It was up more than 8% to touch a high of Rs 1,229 on Thursday after it signed a pact worth Rs 2,960 crore with the Ministry of Defence.
LTIMindtree reported a healthy performance for the fiscal third quarter with revenue growth in line with estimate, in the backdrop of a seasonally weak quarter due to furloughs, and EBIT margin was slightly below expectation, said brokerage firms. On January 16, LTIMindtree released its Q3 numbers with profit at Rs 1086.70 crore, posting a drop
Communications minister Jyotiraditya Scindia on Friday said the Cabinet has approved the refarming of 687 MHz of spectrum from various government ministries for the deployment of 5G and future 6G services. The total worth of the spectrum that has been approved for refarming so far is estimated to be Rs 2 lakh crore, officials said.
Shares of Axis Bank took a major hit today, January 17, shedding by 6% to touch a 52-week low. This sharp decline followed the bank’s announcement of its third-quarter results for the financial year 2024-25 (Q3FY25), leaving many investors on a cautious note. Axis Bank Q3: Market reaction – A 52-week low Axis Bank, which
With the Union Budget 2025 just around the corner, Finance Minister Nirmala Sitharaman has a big challenge to meet the growing expectations of various quarters, including taxpayers. From the government’s point of view, the challenge of handling taxpayers’ expectations has become more complex since 2020, when FM Sitharaman decided to introduce the new tax regime
While many IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, have already released its fiscal third quarter earnings, Wipro is all set to announce its Q3 results today (January 17). Wipro will also announce a dividend for its shareholders. According to brokerage firms and analysts, Wipro is expected to post a quarterly decline
Indian equity indices shed 1% during Friday’s trade. The Bank Nifty declined most among the key indices, falling 1.9% to a day’s low of 48,309.50. In fact, the overall banking stocks are under pressure and experts believe that Axis Bank numbers kindled caution amongst investors and triggered negative sentiment. Bank Nifty is in a downtrend
When the government launched the Sovereign Gold Bond (SGB) scheme, it seemed like a great scheme. Investors got great returns, but it turned out to be a loss-making deal for the government. Due to rising gold prices, investors made profits, but a huge financial burden increased on the government. Perhaps the government took Indians’ love
Credit cards are popular financial tools, offering a variety of benefits to suit different needs. Many people assume that no-annual-fee cards are always better than those with an annual fee, but that’s not necessarily true. Banks often provide premium credit cards with annual fees, promising enhanced rewards, cashback, and exclusive privileges. While these cards can
The world is bracing up for the key reciprocal tariff announcements by US President Donald Trump. He has promised to “unveil a massive tariff plan on Liberation Day.” This is in addition to tariffs already imposed on aluminum, steel and autos, along with increased tariffs on all goods from China. The question that is relevant
RISE Worldwide Limited (RISE), a wholly-owned subsidiary of Reliance Industries Limited, and BLAST Esports Limited (BLAST), a wholly-owned subsidiary of BLAST ApS, on Wednesday announced an agreement to form a joint venture to conduct esports business in India, the company said in a release. The strategic partnership will form a new JV entity and it
Trent’s share price is gaining steady ground and hit an intra-day high of Rs 5,670 after a rating upgrade from global brokerage house Goldman Sachs. The brokerage house has a Buy call on the fashion retail company from Tata Group, Trent. It has a target price of Rs 8,120 per equity share, an upside of
