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VST Industries to Consider First Ever Bonus, Stock Soars Over 15% in Just a Day!

VST Industries to Consider First Ever Bonus, Stock Soars Over 15% in Just a Day!

19 July 2024

Shares of VST Industries Ltd. experienced a significant surge of over 15% on Friday, reaching a fresh 52-week high. This remarkable uptrend occurred despite the broader sell-off in the Indian markets. The primary catalyst behind this surge was the company’s announcement regarding the consideration of issuing bonus shares at its upcoming board meeting. Bonus Shares …

ITC: Multi-Month Breakout Ahead of the Budget

ITC: Multi-Month Breakout Ahead of the Budget

19 July 2024

On Friday, Indian markets experienced a notable decline as the Nifty and Sensex fell by 0.61% and 0.44%, respectively. This downturn was primarily driven by a sell-off in the US market. However, certain stocks managed to outperform the broader indices, providing some support and helping to limit the overall decline. Infosys and ITC Standout Performer …

Ircon International Announces Leadership Change Amid IRSDC Closure Decision

Ircon International Announces Leadership Change Amid IRSDC Closure Decision

19 July 2024

Ircon International Limited (IRCON) began its operations in 1976, initially focusing on railway construction. Over the years, the company has progressively diversified its expertise. Since 1985, IRCON has evolved into an integrated engineering and construction Public Sector Undertaking (PSU), specialising in executing large-scale and technologically complex infrastructure projects across various sectors, including railways, highways, and …

Tech Mahindra Merges BPO Unit vCustomer Philippines with Parent

Tech Mahindra Merges BPO Unit vCustomer Philippines with Parent

19 July 2024

Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. It is one of the top 5 largest IT companies in India. Tech Mahindra Ltd. Announces Subsidiary Merger Tech …

Infosys ADR Jumps 10%, FY25 Guidance Increased

Infosys ADR Jumps 10%, FY25 Guidance Increased

19 July 2024

Infosys, India’s second-largest software exporter by revenue, raised its FY25 revenue guidance to 3-4% in constant currency terms, exceeding analysts’ expectations who had expected it to maintain guidance at 1-3% which reflects better IT expenditure by clients.  Q1FY25 Performance For the first quarter of FY25, Infosys reported a 7.1% y-o-y increase in net profit, reaching …

Reliance Industries Limited Q1 Expectations

Reliance Industries Limited Q1 Expectations

19 July 2024

Reliance Industries Limited (RIL) is set to announce its Q1FY25 results, and market analysts predict a mixed performance. Despite expected annual revenue growth, sequential declines in operating profit and margins are anticipated due to lower refining margins and a slowdown in the retail business. Analyst Predictions on Segment Performance Oil-to-Chemicals (O2C): The O2C segment is …

Wipro Q1FY25 Preview: Analysts Divided on Earnings Outlook

Wipro Q1FY25 Preview: Analysts Divided on Earnings Outlook

19 July 2024

Wipro is set to announce its Q1FY25 earnings today, amidst varied expectations from analysts. Some foresee a slight decline due to macroeconomic challenges and sectoral softness, while others anticipate modest growth driven by new deals and operational efficiencies. Profit & Revenue Projections According to approximately nine estimates, Wipro’s consolidated net profit for the quarter ended …

Why Titan is Rising After Budget Announcement

Why Titan is Rising After Budget Announcement

23 July 2024

The Indian markets have experienced a sharp downturn following Finance Minister Nirmala Sitharaman’s announcement of significant tax changes. The long-term capital gains (LTCG) tax has been increased to 12.5%, and to broaden the tax base, the Securities Transaction Tax (STT) on Futures and Options (F&O) has also been raised. Additionally, the short-term capital gains (STCG) …

Lemon Tree Hotels Signs Licensing Pacts for New Hotels in Goa and Punjab

Lemon Tree Hotels Signs Licensing Pacts for New Hotels in Goa and Punjab

23 July 2024

Lemon Tree Hotels identified a significant opportunity in the early 2000s, when 80% of the hotel supply in India was concentrated in the upscale/luxury segment, catering solely to the affluent clientele. Recognizing the substantial untapped demand in the midscale and economy segments, Lemon Tree Hotels positioned itself as a trailblazer in the branded mid-market hotel …

Reliance Industries Acquires Remaining Stake in Reliance Lithium

Reliance Industries Acquires Remaining Stake in Reliance Lithium

23 July 2024

On March 14, 2022, in Mumbai, Reliance New Energy Limited (“Reliance”), a wholly-owned subsidiary of Reliance Industries , signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (“Lithium Werks”) for a total transaction value of $61 million, including funding for future growth. The assets include the entire patent portfolio of …

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