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…
Jio Financial Services Ltd (JFSL), the separated non-banking financial services arm of Reliance Industries led by Mukesh Ambani, is poised to be removed from the Nifty 50 and other NSE indices on September 7. The Downturn in Jio Financial Services Share Price Early on Wednesday, Jio Financial Services experienced a dip of over 3% in…
BENGALURU, May 24 Indian shares reversed early gains on Friday after hitting record highs for the second consecutive session. IT stocks fell due to concerns that strong U.S. economic data indicates the Federal Reserve might delay rate cuts. As of 10:20 a.m. IST, the blue-chip NSE Nifty 50 (.NSEI) was down 0.16% at 22,930.80 points,…
Twelve out of thirteen major sectoral indices fell around noon on May 28, as volatility spiked ahead of the election results. The broader market also faced significant pressure, with the BSE Midcap and BSE Smallcap indices declining over 1 percent each. Market Overview The Sensex and Nifty both declined by 0.2 percent, hitting their day’s…
Narendra Ostawal, the head of investment advisory activities at Warburg Pincus in India, shares insights on the recent acquisition of Shriram Housing Finance, shedding light on the rationale, valuations, and future prospects in the financial services sector. Key Highlights: Strategic Fit: The acquisition aligns with Warburg Pincus’s belief in the growth potential of retail credit,…
Zoho, a prominent software firm, has made a strategic investment in Yali Aerospace, a drone technology startup based in Tamil Nadu. Sridhar Vembu, the co-founder and CEO of Zoho, announced this investment. Vembu wrote, “We are pleased to announce our investment in Yali Aerospace, a Thanjavur-based drone startup led by the husband-wife team of Dinesh…
After ten consecutive sessions of decline, the domestic equity markets made a strong comeback on Wednesday, with benchmark indices surging over 1%. The BSE Sensex climbed by more than 760 points to reach 73,756.15, while the NSE Nifty gained 268 points, crossing the 22,300 mark to trade at 22,349 as of 11:49 AM. Leading the…
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The key points from the 2024 FEF Semi-Annual Letter to Shareholders are: Sources: 2024 FEF Semi Annual Letter to Shareholders
Raamdeo Agrawal, the Chairman and Co-Founder of Motilal Oswal Financial Services, provided the following key insights on the pre-budget market conditions: The market is an “approximate machine” that goes up and down in an unpredictable manner. It may go up 5 steps, then down 4 steps, then up 7 steps, and then down 4 steps….
