Morgan Stanley, a leading brokerage firm, has raised its rating for India to “overweight.” They are optimistic about the country’s potential for a long-term economic boom. This upgrade comes as India’s relative valuations appear to be less extreme compared to the situation in October. Additionally, the firm sees promising prospects for increased capital expenditure and …
According to Kantar Worldpanel’s inaugural study on the cosmetics category in India, over the past six months, the top 10 Indian cities witnessed the sale of more than 100 million cosmetic items, such as lipstick, nail polish, and eyeliner. Consumers collectively spent over Rs 5,000 crore on these beauty products, with 40% of them opting …
On 14 September 2021, Tuesday, shares of Ami Organics and Vijaya Diagnostic made strong debuts on D-Street after a number of tepid listings. Here, we’ll be looking into how the listing day of these two stocks turned out. Ami Organics Makes a Firm Debut Ami Organics shares got listed on the BSE at Rs. …
On Tuesday, 1 February 2022, Tech Mahindra reported a rise in consolidated net profit by 4%, amounting to Rs. 1,368 crores during Q3 ended December 2021. The net profit was Rs. 1,309 crores during the same time back in 2020. Scroll through this blog to get an extensive overview of Tech Mahindra! What About Tech …
Today, Birlasoft Limited in collaboration with Microsoft the company has set up a Generative AI Centre of Excellence in Noida, Pune, and Edison, NJ (USA). This strategic initiative is focused on accelerating value creation and fostering innovation in the adoption of Generative AI to deliver cutting-edge enterprise solutions across various industries. The centre will leverage …
Indian private lender, IndusInd Bank will sell Rs 3,288 crores worth of stakes to institutional investors as a measure to raise its capital funds base amid rising uncertainties caused by the pandemic outbreak. IndusInd is walking the same line that some of the other premier banks have already opted. Big wigs like HDFC Bank Ltd., …
On Tuesday, the NSE announced that the market regulator SEBI, in collaboration with NSE and BSE, has updated the surveillance actions within the Enhanced Surveillance Measures (ESM) framework. Previously, stocks categorized under ESM Stage II were allowed to trade once a week. However, the new revision allows these stocks to be traded on all trading …
An Overview Ircon International placed orders worth Rs 210 crore with RaiITel Corporation of India, which saw its stock rise 4% in early trade on December 9. “RaiITel Corporation has received a work order from Ircon International for the design, supply, installation, testing, and commissioning of a tunnel communication system in tunnel environment consisting of emergency …
HDFC Bank is the largest private sector bank in India incorporated in August 1994 and was the first to obtain RBI approval to establish a bank in the private sector. Till date the company has 7821 branches across 3811 cities in India, serving over 83 million customers. HDFC Ltd, India’s first specialized mortgage firm was …
This week, Bajaj Auto Unveiled its Triumph Speed 400 and Scrambler 400X motorcycles in India. Triumph Motorcycles has experienced an astounding response among Indian motorcycle enthusiasts, achieving an extraordinary milestone of 10,000 bookings in a mere 10 days following the global unveiling. The much-awaited Speed 400 and Scrambler 400 models, which were first showcased in …
