The Finance Ministry is likely to seek Cabinet approval in coming months, said the Reuters report….Read More
The downturn has been attributed to the company’s shift toward a direct-to-consumer (D2C) distribution model under its Project ‘Neev,’ which has led to inventory adjustments….Read More
| Company | CMP Chg(%) | Volume | Value(Rs cr) |
|---|---|---|---|
| HDFC Bank | 1,739.90 2.04 |
6.29m | 1,084.36 |
| Reliance | 1,277.25 1.31 |
5.30m | 675.36 |
| M&M | 2,941.50 3.32 |
1.63m | 476.42 |
| Tata Motors | 790.70 2.44 |
5.91m | 465.79 |
| NTPC | 370.15 0.94 |
8.08m | 301.04 |
The Sensex was up 872.38 points or 1.13 percent at 78,211.39, and the Nifty was up 259.20 points or 1.11 percent at 23,713.00. About 2653 shares advanced, 600 shares declined, and 75 shares unchanged.
The move is aimed at allowing Goenka to focus exclusively on operational responsibilities assigned by the board….Read More
GCCs have also seen a staggering growth – revenues and headcounts – this is also a major structural headwind for Indian IT sector
Weak order book could put second half of the year at the risk. We are slightly cautious on the space. We have turned “cautiously optimistic” because of Trump’s view on corporate tax rates
Valuation of Nifty IT is trading at 28x. Valuations remain stretched out. FY2026, we are expecting it to be lower than the last six year average.
The telecom manufacturing company has received a contract worth Rs 95 crore from the Uttarakhand government for the mining digital transformation & surveillance system (MDTSS) project.
Multiple headwinds exist for IT sector – software eating into spends, IT services exports have been plateauing out (over the next couple years, penetration will be a 16-17%).
Nifty IT companies contribution to exports has also been coming down because mid tier IT companies have grown faster, global IT companies have increased penetration in India, Indian arms of global IT companies are also eating into market share for Indian IT companies.
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The company’s subsidiary, PG Technoplast, has signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for manufacturing the electric vehicles of Spiro Mobility (Africa’s largest EV player) in India.