Gold and silver rates today, October 21 The 24-carat gold rate in India was Rs 77,770 per 10 grams on October 18. The rate for 24-carat gold per gram is Rs 7,777. The rate of 22-carat gold was Rs 71,289 per 10 grams. The rate of 24-carat gold has risen by 2.26% in the last
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Monday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended unchanged at 24,891 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday
By V K Sharma Foreign institutional investors (FIIs) continue to sell Indian stocks in their penchant for Chinese stocks, hoping the Communist Party of China (CPC) will take more concrete steps to address the long pending structural issues in China. Till Friday, October 18, the FIIs have sold stocks valued at around Rs 80,220 cr
The National Stock Exchange of India (NSE) has increased the lot sizes for its five index derivatives contracts–Nifty, Nifty Bank, Nifty Financial Services, Nifty Midcap Select and Nifty Next50, in accordance with the Securities and Exchange Board of India’s (Sebi’s) latest futures and options (F&O) regulations. The lot size for Nifty 50 will see a
The buzz in the primary market continues. The big bang Hyundai IPO listing is on October 22. That apart companies are looking to raise around Rs 11,000 crore and the key IPOs in focus this week include Waree Energies and Shaporji Pallonji Group’s Afcon Infrastructure IPO. There will be a total of four IPOs in
Despite a 4% correction in the market this month, Vetri Subramaniam, chief investment officer, UTI AMC believes this is not a time to take more risk. He tells Vivek Kumar M that earnings estimates for FY25 could go awry if the September quarter numbers continue to be below expectations. Excerpts: Markets have corrected by around
The much-anticipated initial public offering (IPO) of Waaree Energies Limited is set to open for subscription on 21st October 2024 and will remain available until 23rd October 2024. Investors can subscribe to the shares of the company within this three-day window, with the IPO price band set between Rs 1,427 and Rs 1,503 per equity
KRN Heat Exchanger The company listed on October 03 made a stellar Dalal Street debut. The stock was listed at Rs 480 on NSE, a premium of 118% over the issue price of Rs 220 per equity share. The IPO was one of the most searched on Google, according to Google Trends data. Also, the
“There’s a great unease to doing business in India. Companies face so much red tape they’re uncompetitive from the start,” claims a Bloomberg Opinion piece. As per the report, “a little over three years ago, the World Bank scrapped its annual ‘Doing Business’ report amid allegations that its top management had applied pressure on staff
IT major Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year. Though sequentially there is a drop in Q3 profit from Rs 1257.50 crore recorded in Q2FY25, one of the big contributors to the profit growth on
The IT company of the Mahindra Group Tech Mahindra’s attrition rate rises to 11.2% in Q3 FY25, up 90 basis points year-on-year. The company’s headcount was 150,488 in Q3 FY25 Vs 146,250 in Q3 FY24, up 4,238 on year. In the previous quarter of FY25, the headcount was 154,273. The utilisation rate stands at 85.6%
Wipro’s attrition rate rises higher to 15.3% for Q3 Vs 14.2% in the same quarter last fiscal. The company’s total headcount is down by 1,157 employees QoQ and stood at 232,732 in Q3 FY25 compared to 233,889 in Q2 FY25. The total employee count was 239,655 in Q3 FY24. The net utilisation, which excludes trainees
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
