Key catalysts behind Indian and global market trends: A week in retrospect
This week’s market update takes a deep dive into the dynamic landscape of both domestic and international markets, offering insights into the pulse of investor sentiment from April 13 to April 19, 2024.
Cred gets RBI's in-principle approval to operate as payment aggregator
Mumbai: Bengaluru headquartered firm Cred, a top third-party app for credit card bill settlements in India, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment app, said media reports.
India's forex reserves contract by $5.4 billion to $643.16 billion
Mumbai: India's foreign exchange reserves decreased by $5.4 billion to reach $643.16 billion as of April 12, according to the latest data released by the Reserve Bank of India (RBI) on Friday.
Ola Cabs IPO likely on the cards to raise $500 million: Report
Mumbai: Indian ride-hailing company Ola Cabs is gearing up for an Initial Public Offering (IPO) to secure $500 million with a company valuation of approximately $5 billion, media reports said.
Wipro's headcount drops 9.5% to 2,34,054 in FY24
Mumbai: India’s fourth largest Indian IT service firm Wipro Friday said it experienced a decrease in its headcount by 9.5% during fiscal year 2024.
Wipro Q4FY24: Net profit drops 8% YoY to Rs 2,835 cr
Mumbai: IT company Wipro Ltd on Friday announced a drop of 8 percent in its net profit for the fiscal fourth quarter ending March 31, 2024, amounting to Rs 2,835 crore, surpassing expectations.
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr
Mumbai: Jio Financial Services registered a net profit of Rs 310 crore for the January-March quarter of the fiscal year 2023-24.
Sensex jumps up 599 points ending losing streak for several sessions
Ending the continuous losing streak in the past four sessions, the BSE Sensex on Friday jumped back 599.34 points to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.
Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran
Mumbai/IBNS: The Indian benchmark indices opened in the red on Friday (Apr 19) as geopolitical tensions have escalated in the Middle East after Israeli missiles reportedly hit sites in Iran in a retaliatory action.
HDFC Life Q4FY24 net profit grows 14.8% YoY to Rs 411 cr
Mumbai: HDFC Life Insurance Thursday declared a net profit of Rs 411 crore for the January-March quarter of the fiscal year 2023-24, up 14.8 percent from the Rs 358 crore reported in the corresponding period last year.
Infosys workforce declines by 25,994 in FY24
Mumbai: Infosys said there has been a drop in its recruitment activities during the fourth quarter of FY24, according to its financial results declared on Thursday.
UK's Vesuvius group to invest Rs 1,000 cr in India
Kolkata: UK-based engineering manufacturing firm Vesuvius will invest Rs 1,000 crore in India over the next five years.
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr
Mumbai: India's second-largest IT services company Infosys Ltd surpassed market expectations by reporting a net profit of Rs 7,969 crore for the fourth fiscal quarter, up 30% year-on-year against Rs 6,134 crore in the same period last year. .
Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995
Mumbai: Indian key stock market indicators concluded the fourth consecutive session in the red under the ongoing uncertainties in West Asia and diminishing expectations of an imminent interest rate reduction by the US Federal Reserve, which dampened investor confidence in India.
Musk's Visit to India Can Be a Game-Changer for the Tech Landscape
Elon Musk's upcoming visit to India on April 21-22 for Tesla and Starlink operations, and meeting with PM Narendra Modi, could turn out to be an important moment for India's tech sector.