IT services company LTIMindtree has set its sights on achieving $10 billion in revenue by financial year 2031-32 by scaling verticals and embracing artificial intelligence (AI), as unveiled during its Investor Day on November 26. However, the announcement met with mixed reactions from brokerage firms, with many expressing caution over margin pressures and execution risks.
Honda has finally ventured into the electric scooter market in India with two products — the Activa e and the QC1. The former gets swappable batteries — a technology Honda is betting big on, while the latter gets a single, fixed battery pack. While all this sounds interesting and within the norms of products in
7th Pay Commission DA Hike for Pensioners: The Ministry of Personnel, Public Grievances & Pensions has released an office memorandum outlining the details of dearness relief arrears, the categories of pensioners covered, and other important information. Effective from July 1, 2024, the dearness relief rate was increased from 50% to 53% of the basic pension
The government has auctioned nine coal mines of ten that went under the hammer, expecting to generate an annual revenue of Rs 1,446 crore as these go on stream. The auctioned blocks which include three fully explored mines and six partially explored coal mines are likely to attract a capital investment of around Rs 2,115
Citing the rising import dependence to meet domestic consumption, the domestic aluminium industry has sought policy steps to “safeguard” the domestic market and create a conducive situation for fresh investments. Over 55% of the domestic consumption was met via imports in FY24, while domestic capacity creation is at a low ebb. Industry bodies namely the
The US Securities and Exchange Commission has issued a summons to Adani Group founder and chairman Gautam Adani over an alleged bribery scheme. V Shunmugam looks at the US probe process and whether the Indian markets regulator has a role to play in the investigations l How is the probe expected to proceed? THE SECURITIES
The Indian rupee weakened by 15 paise on Wednesday, closing at 84.44 (provisional) against the US dollar, driven by uncertainties surrounding US President-elect Donald Trump’s trade policies and a surge in crude oil prices. The rupee opened lower at 84.38 and dipped further to an intra-day low of 84.48 before recovering slightly. It ultimately settled
In the domestic precious metal market Gold prices today touched a high of Rs 76,420 which is 1.31 per cent from the previous day of Rs 75,420. The gold price also showed an increase of 0.09 per cent in the week from the price of Rs 76,330. However, gold price showed a down trend over
In recent times, silver has attracted a lot of attention from investors, and it is even performing better than gold. Historically, silver has remained under gold’s shadow. But if we look at the returns delivered by both precious metals in 1 year, silver has outperformed gold. In the last 1 year, silver prices have jumped
The Union Cabinet on March 19 approved an ‘Incentive Scheme’ for promotion of low-value BHIM-UPI transactions for the financial year 2024-25. The incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) will be implemented at an estimated outlay of Rs 1,500 crore, Union Minister Ashwini Vaishnaw said in a press briefing after the Cabinet meeting.
The markets are moving upwards in bits and pieces. As the Nifty rallies towards 23,000, here are some interesting Buy recommendations by JM Financial Institutional Securities. The recommendations are based on share valuations as well as key sectoral dynamics. JM Financial Institutional Securities On Suzlon JM Financial Institutional Securities has maintained a Buy rating on
Defence stocks have seen a strong run up in trade today. Mazagon Dock rallied 10% intra-day. Several others like Garden Reach Shipyard hit 20% upper circuit in trade today. The other top gainers include Cochin Shipyard up 8.8%, HAL up 4.4%, Bharat Dynamics up 6%. Even BEL, a key Nifty stock, gained nearly 2%. One
The domestic key equity indices closed on a positive note for the second consecutive session on Wednesday. The NSE Nifty 50 rose 73 points or 0.32% to settle at 22,907, while the BSE Sensex rose 148 points or 0.20% to finish at 75,449. Nifty Realty and PSU Bank were the top gainers among the sectoral
