Amid escalating tensions in the Middle East, the market mood turned somber on April 19, with a noticeable increase in volatility. Market Downturn Continues for Fifth Consecutive Day The trading session on April 19 witnessed a persistent downtrend, marking the fifth consecutive day of losses. While broader indices struggled to keep pace, benchmark indices faced…
Investor Standoff Persists Amidst Offer Extension The conflict between Byju’s and dissenting investors continues as the latter show no inclination to partake in the ongoing rights issue, despite a 72-hour extension provided by the edtech giant. This impasse underscores the deep-rooted discord within the company. Founder’s Outreach Falls Short Byju Raveendran’s recent attempt to reconcile…
Nifty Soars: FY24 Witnesses Remarkable Performance The financial year 2023-24 marked an exceptional period for the Indian stock market, with the Nifty showcasing outstanding growth. Garnering over 30 percent returns, this fiscal year proved to be the most lucrative since 2010. A significant majority, approximately 48, of the Nifty 50 stocks demonstrated positive returns, reflecting…
Indian IT stocks face a turbulent day as Accenture revises its revenue forecast downwards, leading to pessimism from analysts. Indian IT Sector Reacts to Accenture’s Revenue Guidance Cut The recent downward revision in revenue guidance by Accenture has sent shockwaves through the Indian IT sector, sparking concerns about the pace of revenue recovery. Market Response:…
Driving Banking Automation Solutions Forward AGS Transact Technologies, under the visionary leadership of Chairman and Managing Director, Mr. Ravi B. Goyal, is making significant strides in the realm of omni-channel payment solutions in India. Let’s delve into the recent developments and the company’s forward-looking vision. Winning Key Contracts: Fortifying ATM Outsourcing Business AGS Transact Technologies…
The recent advisory from SEBI to limit inflows into smallcap and midcap funds sent shockwaves through the market, triggering a decline in indices associated with these segments. Let’s delve into the reasons behind this market reaction and explore the implications of SEBI’s guidance. SEBI Advisory Spurs Market Downturn On February 28, both smallcap and midcap…
Thinkink Picturez Limited, a key player in the global entertainment sector, has disclosed plans for a potential stock split and bonus share allocation. Strategic Moves in Entertainment Industry The company’s board is set to convene on March 01, 2024, to deliberate on a proposal to divide the equity shares, each with a face value of…
Dr. Reddy’s Interest in Novartis India Stake Acquisition Dr. Reddy’s Laboratories, a prominent player in the Indian pharmaceutical industry, is actively exploring the possibility of acquiring Novartis AG’s stake in Novartis India, as reported by CNBC TV 18. Strategic Review Initiated by Novartis AG On February 16, Novartis AG, a leading Swiss pharmaceutical giant, commenced…
Indian Banks Navigate Strong Loan Demand Amid Margin Pressures In the third quarter of the fiscal year, Indian banks witnessed a surge in loan demand alongside significant challenges regarding net interest margins. While private banks experienced rapid domestic loan growth outpacing their public-sector counterparts, public sector banks (PSUs) notably contributed to improving asset quality by…
Foreign brokerage Jefferies advocates purchasing shares of Adani Enterprises Ltd., projecting a significant rise in value. The company has assigned a ‘Buy’ rating and set a target price of Rs 3,800. This optimism stems from their forecast of Adani group’s flagship company, Adani Enterprises, doubling its Ebitda from FY23 to FY26, with further tripling by…
