Domestic indices, reflecting the weakness in most global markets, struggled to gain positive momentum and traded lower, impacted by losses in the information technology, FMCG, and auto sectors. In contrast, the BSE Small-cap Index demonstrated optimistic investor sentiment. At 10:30 am, the BSE Sensex declined 0.12% reaching a level of 75,326. The Nifty 50 index …
On May 16, 2024, Info Edge India Limited released its consolidated financial results for the quarter ended March 31, 2024. For the quarter that ended on March 31, 2024, Info Edge (India) Limited reported a 7.9% increase in its Revenue from Operations, reaching ₹608.3 crore on a standalone basis, up from ₹564.0 crore in the …
The Indian government has prioritized infrastructure development to bolster economic growth, enhance connectivity, and improve the quality of life for its citizens. Several initiatives focus on modernizing transportation networks, upgrading urban amenities, and expanding digital infrastructure. These efforts are fostering inclusive and sustainable development across the nation. Nifty Infra Index constituents’ performance Over the past …
On Friday, the benchmark indices were trading in red with the Sensex down around 125 points or 0.16% at 75,305, while the Nifty-50 was down around 36 points or 0.16% at 22,932. About 1,665 shares have advanced; 1,424 declined and 125 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: …
On May 16, 2024, Persistent Systems informed the stock exchanges that it had attained Premier Services Partner status with Snowflake, the leading Data Cloud provider. This Premier Services Partner status will enable Persistent Systems to expedite clients’ data transformations, harnessing the Snowflake Data Cloud’s agility, precision, and scalability. This milestone reaffirms Persistent Systems’ dedication to …
On May 16, 2024, Rushil Decor announced its strategic expansion into South America in a stock exchange filing. Rushil Decor, which has already exported to more than 50 countries, aims to enter one of the world’s largest Medium-Density Fiberboard (MDF) markets. Mr Rushil Thakkar, Executive Director, expressed optimism about expanding within the lucrative global wood …
Maithan Alloys Limited, a prominent player in the Indian metals industry, announced the strategic acquisition of shares in two leading defence companies: Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL). This move signifies Maithan Alloys’ commitment to diversifying its investment portfolio and capitalising on long-term growth prospects within the Indian defence sector. Investment Objectives …
Investing in penny stocks can be an exciting option for retail investors, given their low price and potential for high returns. These stocks are priced very low, often below ₹10 per share, and have high volatility. However, it’s crucial to tread carefully, as these stocks can also be risky. One way to mitigate some of …
One of India’s oldest and biggest corporations, the Tata Group, was created in 1868 by Jamsetji Tata. Initially established as a trading company, Tata Group diversified into various sectors, including steel, automobiles, telecommunications, and hospitality. Tata Steel, founded in 1907, quickly became a prominent player in the global steel industry as India’s first integrated steel …
Hindustan Unilever Ltd. (HUL) is a British-owned Indian FMCG(Fast Moving Consumer Goods) company headquartered in Mumbai. It is a subsidiary of the British company Unilever. The Delhi High Court has halted the FMCG Giant from pursuing comparative promotions of Ponds and Nivea that can cause potential harm to the business of Nivea. Ruling of the …
