The Indian stock market witnessed a surge today as ITC Limited, a leading conglomerate with a significant presence in the tobacco industry, saw its share price climb by over 5%. The rally was triggered by the Union Budget’s decision to maintain the existing tax structure for tobacco products. The tobacco […]
Finance Minister will be presenting the Union Budget 2024-25. It will be a record seventh consecutive Budget presentation for Ms. Sitharaman. While a comprehensive analysis would be extensive, here are some key highlights: Economic Outlook GDP Growth Target: The government projected a robust GDP growth rate. Inflation Management: Strategies to […]
Understanding the 2021 Market Rally To comprehend the current market sentiment, it’s crucial to revisit the key factors driving the 2021 rally: Massive stimulus packages: Governments worldwide injected unprecedented amounts of money into economies to combat the COVID-19 pandemic. Low-interest rate environment: Central banks adopted accommodative monetary policies to stimulate […]
Share price drop: Wipro’s share price fell over 7% on Monday, July 22nd, 2024, following the release of their Q1 financial results for the fiscal year 2024-25. Financial performance: While Wipro reported a 4.6% year-on-year increase in net profit, it missed analyst expectations. Revenue from operations actually declined by 4% […]
Market Open The Indian benchmark indices opened lower on Monday. The Sensex opened at 80,141 points, a decrease of 463 points from the previous close. The Nifty50 index also opened lower, falling by 147 points or 0.6% to 24,383 points. Market Recovery However, the markets staged a recovery shortly after […]
Growth Sectors: You expect Telecom, Retail, and Oil & Gas to be the key drivers of earnings growth. Offsetting Factor: This growth is likely to offset a decline in the Oil-to-Chemicals (O2C) segment. The Reliance Industries, a large Indian conglomerate with businesses across these sectors. Reliance Industries Q1 Results (Expected): […]
Policy: HCLTech requires employees to be in the office for a minimum of 3 days a week (approximately 12 days a month). Leave Deduction: If employees fall short of this minimum in-office requirement, their leaves will be deducted for each day they are absent. Motivation: This policy aims to encourage […]
Market seems the market is facing some downward pressure. The Indian stock market seems to be experiencing a significant decline today, July 19th, 2024. Sensex: Down 500 points, currently near its day’s low. Nifty: Trading near 24,600. Broader Market: Reports indicate a broad-based selling, meaning most sectors and stocks are […]
The Central Bank of India’s financial performance for the first quarter of the current financial year (likely FY 2024-25) seems positive. Profit: There was a significant year-on-year (YoY) growth of 110% in profit after tax, reaching Rs 879.94 crore. Sequentially (compared to the previous quarter), net profit increased by around […]
Two of Nazara’s subsidiaries, Openplay Technologies and Halaplay Technologies, have been issued notices by the Indian government for potential Goods and Services Tax (GST) liabilities totaling nearly Rs 1,120 crore. The notices are likely show cause notices, which means the government is proposing this GST liability but is giving the […]