Coforge, one of the leading IT services company, has announced its first-ever stock split, with an aim to make its shares more accessible to investors. The company’s Board of Directors will meet on March 4, 2025, to finalise the details of the stock split, subject to shareholder and regulatory approvals, the company said in an
UltraTech Cement has been in the spotlight following its recent announcement of a 1:52 share swap ratio for the acquisition of Kesoram Industries. The cement maker in an exchange filing on Tuesday (February 25) announced that the board has approved the demerger scheme involving Kesoram Industries, which will take effect on March 1, 2025. That
The Indian share market will be closed on Wednesday, February 26, due to Mahashivratri. Both the bourses, NSE and BSE, will not conduct trading today. Regular trading will resume on Thursday, February 27. The money market and MCX are also closed for trading today (February 26), as well on the same account. ALSO READAre markets
The US markets have been on a selling spree. On Tuesday, the key indices in the US fell for the fourth consecutive session. The S&P 500 lost 0.5% while the Nasdaq slipped 1.4%. Weaker-than-expected consumer confidence data continue to weigh on sentiment even as the markets are grappling with trade tariff implications. A look at
The Managing Director and CEO of Cipla, Umang Vohra is confident that tariffs and regulations in the US will not impact the competitiveness of Indian generics and are a long-term positive for the Indian pharma sector. He reiterated that, “Indian generics industry will remain intact even if US imposes tariffs.” This was during a conversation
Trading and investing are filled with thousands of strategies, each one offering a distinct approach to making profits. Many traders gravitate toward capitalising on trending sectors or stocks, riding the wave of positive momentum. However, there is a less conventional strategy that remains underutilised yet holds significant potential – accumulating assets during a sector’s downturn
Wall Street‘s main indexes fell to touch a more than one-month low on Tuesday after fresh economic data indicated consumer mood was deteriorating and investors braced for a possible fallout from tighter U.S. trade controls on Beijing. The Conference Board said consumer confidence deteriorated in February at its fastest pace in three-and-a-half years, with estimates
The Indian equity markets are closed on the account of Mahashivratri. However, here’s a comprehensive and detailed check on how global markets are faring at the moment. The US markets closed the session on a negative note for the second time consecutively with the S&P hitting 0.5% lower. Asian markets meanwhile are subdued. Previously, on
In the February 2025 budget, Finance Minister Nirmala Sitharaman increased the TCS-free limit under the Liberalised Remittance Scheme (LRS) from Rs 7 lakh to Rs 10 lakh. This means that you can now send up to Rs 10 lakh abroad without any additional tax. This is especially a relief for those who spend a limited
Electricity prices in the spot market declined by 15% on year to Rs 4.47 per unit in FY25 despite increasing demand as the sell liquidity increased, data from Indian Energy Exchange showed. Given the increase in demand, the power ministry took various measures throughout the year to enhance power supply including extending the directive for
Wall Street brokerage JP Morgan increased the risk of a global recession to 60% this week after US President Donald Trump announced sweeping reciprocal tariffs. The firm cited “disruptive American politics” as being the “biggest risk to the global outlook” while increasing its projection from an earlier estimate of 40% in a research report that
Oil markets were rocked for a second consecutive day as prices tumbled to their lowest levels since 2021. Brent crude, the global benchmark, has plunged more than 10% in just two days, with Thursday alone seeing a 6.4% drop — its steepest fall since 2022. The sudden collapse came as traders reacted to a surprise
The rupee pared its initial gains and settled for the day higher by 5 paise at 85.25 (provisional) against the US dollar on risk aversion in global markets amid trade tariff worries. Forex traders said during the day, the domestic unit gained on weak US dollar index and a sharp decline in crude oil prices
