The past week saw major banking companies in the news for varied reasons – be it better-than-expected quarter results or probe on discrepancy cases. In the last month, the Bank Nifty has risen nearly 8 per cent in 5 days and 9 per cent and it has gained over 8 per cent so far in
Eyeing a strong recovery, the cement industry is expected to report volume growth of 5-6 per cent YoY in Q4FY25, stated a report by Nomura. This, it added, will be on the back of improved demand and channel stocking. “Within our coverage universe, we expect Ultratech and Ambuja to have recorded the highest volume growth
Eversource Capital is reportedly in advanced discussions to acquire BluSmart for approximately Rs 850 crore. According to a CNBC-TV18 report, the investment firm has made a non-binding offer and is expected to reach a final decision within the next two weeks. ALSO READWill return wallet balance to customers in 90 days: BluSmart As part of
Cognizant Technology Solutions has disclosed in its latest regulatory filing that its Chief Executive Officer, Ravi Kumar, received a total annual compensation of $16.1 million for 2024, marking an 11% increase from the previous year. In 2023, Kumar’s total compensation stood at $22.6 million, boosted by a significant one-time equity award granted at the time
Apple is losing its ground in China’s smartphone market. According to a Reuters report, the smartphone’s shipments in China dropped by 9% when compared to the same period last year. The report suggested that Apple is the only major brand to have seen a major drop amid the ongoing trade war between China and the US.
Reliance Industrial Infrastructure Limited (RIIL) has released its fiscal fourth quarter earnings report and alongside, has also announced a dividend of Rs 3.50 per equity share of Rs 10 each for the financial year ended March 31, 2025. In a regulatory filing, the company said, “The Board of Directors have recommended, subject to approval of
Go to Live UpdatesAll eyes are on Wipro Q4 results now. According to brokerage firms and analysts, Wipro is likely to see flat revenue growth amid continued softness in segments such as Energy, Manufacturing and Resources. However, a slight boost is expected in verticals such as BFSI (banking, financial services and insurance) and Healthcare. Wipro
The possibility of more price hikes is not over yet within the domestic fast-moving consumer goods (FMCG) space even as prices of key agri commodities remain firm.While crude oil and its derivatives such as titanium dioxide and linear alkyl benzene (LAB) are benign for now, and so is soda ash, which is down nearly 17%
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
The Indian equity market continues to underperform EM peers for the second straight week. The Nifty is stuck in a tight range below the 25,000 mark. The story is not very different if you track the Sensex, either. On a 12-month basis, the MSCI India Index is down 10% compared to the MSCI EM Index
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
