As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open flat on Thursday, January 2. Here’s a look at the key stocks to watch in today’s trade. Previously, the Indian stock markets welcomed the new year on a high note. The BSE Sensex climbed 368 points or
As the markets enter the second trading day of 2025, key stocks across sectors are in focus, with investors closely tracking early trends that could set the tone for the year ahead. As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open flat on Thursday, January 2.
Accel has raised $650 million (Rs 5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE. With this, the venture capital firm’s total investment commitment to India will reach close to $3 billion. It had raised another $650 million for its seventh round in March 2022.
After closing in the red on the last day of 2024, benchmark indices started the new year on a positive note. On Wednesday, the Sensex hit a high of 78,756.49, up 617.48 points or 0.79%. However, it pared some gains to end the day at 78,507.41, up 368.40 points or 0.47%. The Nifty soared by
Quick commerce firm saw their sales soaring to unprecedented levels in December 31. However, industry leaders anticipate a tough road ahead in 2025 as competition intensifies and market dynamics evolve. Aadit Palicha, co-founder and CEO of Zepto, underscored the sector’s remarkable growth and the challenges that lie ahead in two separate LinkedIn posts. “This New
E-commerce platform Snapdeal has reduced its losses considerably in FY24, despite near-flat revenue growth during the year. The company narrowed its net loss by 43% to Rs 160.4 crore in FY24, from Rs 282.2 crore a year ago. On an adjusted basis, Ebitda loss narrowed by 88% to Rs 16 crore from Rs 144 crore
In the run-up to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays. In a letter to the finance ministry, ICEA said India’s current
Easy Trip Planners, the parent company of online travel booking platform EaseMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons. Nishant’s brother and the company’s CFO, Rikant Pittie, has been appointed the new CEO, effective January 1. The announcement came a day after Nishant
United Spirits (Diageo India) has announced that Praveen Someshwar will be appointed as the new chief executive officer-designate starting March 1, replacing Hina Nagarajan. Nagarajan, who has successfully led Diageo India for four years as the managing director and CEO, will be joining Diageo’s global executive committee. This leadership transition marks a significant moment for
HCL Technologies (HCLTech), one of India’s leading IT firms, reported a modest 7% average salary hike for its employees, while its CEO, C Vijayakumar, received a staggering 190% increase in remuneration for the fiscal year 2023-24. The company also posted robust Q3 FY25 financial results, including a 5.5 per cent rise in net profit to
The Employees’ Provident Fund Organisation (EPFO) has extended the deadline to January 15, 2025, for activating the Universal Account Number (UAN) and linking it with a bank account and Aadhaar to avail of benefits under the EPFO’s Employment Linked Incentive (ELI) Scheme. Originally, the last date was set for November 30, 2024, but it was
IT major HCL Tech on Monday announced an interim dividend of Rs 18 per equity share of Rs. 2 each of the company for the Financial Year 2024-25. This, it added, included a dividend of Rs 6 per share to celebrate 25 years of the Company’s public listing. In a regulatory filing, HCL Tech said
DMart, operated by Avenue Supermarts, declared its Q3 numbers over the weekend. Avenue Supermarts shares plunged 6% in Monday trade to an intra-day low of Rs 3,469.95. The fall in stock price came after brokerage houses cut the target price on Avenue Supermarts as they see pressure on margins poon high competition from quick commerce
