In the realm of IT, anticipation swirls around Tata Consultancy Services (TCS) as it gears up to unveil its Q4 FY24 financial results on April 12, initiating the earnings season for tech giants. Despite a backdrop of subdued growth in the IT sector during the fiscal fourth quarter due to sluggish discretionary spends in the…
The Delhi High Court, in a significant ruling on April 9, rejected Delhi Chief Minister Arvind Kejriwal’s petition challenging his arrest by the Enforcement Directorate (ED) in the Liquor Policy Scam. Presiding over the matter, Justice Swarana Kanta Sharma emphasized the legality of ED’s actions, reinforcing the integrity of the arrest. Key Points from the…
The Market Pulse report for March 2024 provides a comprehensive analysis of the financial markets, with a focus on the National Stock Exchange (NSE) of India. The report includes data on client participation in various segments of the NSE, such as index futures, stock futures, index options, stock options, currency derivatives, interest rate futures, and…
Losing funds to an online investment scam can be devastating, but there are steps you can take to increase your chances of recovering your losses. Reporting Suspicious Activities to Authorities The initial step in the recovery process is to promptly report any suspicious activities to the appropriate authorities. Whether it’s CONSOB in Italy or similar…
Adani Green Energy Ltd, spearheaded by Managing Director Vneet Jaain, is poised to revolutionize the renewable energy landscape with a massive investment of Rs 1.5 lakh crore. The endeavor aims to elevate the capacity to an astounding 30 gigawatts (GW) at the Khavda site in Kutch, Gujarat, over the next five years. Expanding Capacity: A…
The latest updates from the RBI Monetary Policy Committee (MPC) shed light on the economic outlook for the fiscal year 2025, emphasizing a projected 7% growth in Gross Domestic Product (GDP) and a Consumer Price Index (CPI) of 4.5%. Key Highlights from the RBI MPC Meeting Economic Growth Prospects Governor Shaktikanta Das reiterated the importance…
ZEE Entertainment Enterprises Ltd. (ZEE) witnessed a strategic move on April 2, as its Managing Director and CEO, Punit Goenka, declared a voluntary reduction of 20% in his compensation package. This decision reflects Goenka’s dedication to propelling the company towards its growth objectives. Embracing Frugality and Efficiency In a regulatory filing, the company highlighted Goenka’s…
Anticipating Vodafone Idea’s Strategic Moves Vodafone Idea is gearing up for its Extraordinary General Meeting (EGM), scheduled for Tuesday, April 2nd, at 3 PM. The meeting is poised to pave the way for significant developments within the company. Fundraising Agenda The telecom giant’s board will seek approval for a substantial fund raise amounting to â‚ą20,000…
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…
