Posts in category Economic Times
Metal traders see price rising after LME Russia ban (15-04-2024)
But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumped onto the LME.
Ex-Reliance Industries CFO joins Modulus as equity partner (15-04-2024)
He will enter with 17.3% equity stake, which is set to increase over a period of time. Modulus is raising its second fund, targeting growth in the Indian private credit market, projected to be a $100-billion opportunity.
Not participating in India would be a big miss: TCS CEO K Krithivasan (15-04-2024)
TCS anticipates growth in India with a recent BSNL deal. CEO Krithivasan focuses on new markets and expresses optimism about future IT industry demand. The company's strategic deal approach and high margins drive continued success amid market challenges.
Volatility may cap Nifty at 22,500; trade cautiously (15-04-2024)
ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, City Union Bank and Tata Motors are among the stocks recommended by analysts for the short term.
Stocks in news: TCS, Anand Rathi, Aster DM, Bharti Hexacom, Varun Beverages (15-04-2024)
IT bellwether TCS reported better than expected numbers for the fourth quarter ended March as its profit rose 9% year-on-year to Rs 12,434 crore. Revenue from operations, meanwhile, jumped 3.5% year-on-year.
Pre-market action: Here’s the trade setup for today’s session (15-04-2024)
Foreign portfolio investors turned net sellers at Rs 8,027 crore on Friday. DIIs, meanwhile, bought shares worth Rs 6,341 crore.
Bitcoin ‘halving’ could deal a $10-billion blow to crypto miners (15-04-2024)
Around April 20, the halving will cut the amount of Bitcoin that "miners" can earn each day for validating transactions to 450 from 900 now. Based on Bitcoin's current price, it could spell revenue losses of around $10 billion a year for the industry as a whole.
TCS in for some bounce after a good Q4 show (15-04-2024)
"While the revenue was lower than our expectations, the margin improvement and deal wins remained robust, driven by better utilisation of resources," said Sumit Pokharna, IT analyst at Kotak Securities. "In the near term, the stock is likely to move up as the numbers are good."
When Bharat places a buy on India, D-Street can thank discount brokers (15-04-2024)
The Big Four in this business - Groww, Zerodha, Angel One, and Upstox - continue to displace traditional brokers with a 63% combined market share of active clients by the end of FY24, up 4 percentage points in a year, showed NSE data.
Chrys Capital looks to sell GeBBS at $1b valuation (14-04-2024)
ChrysCapital, the largest homegrown PE fund, is looking to sell GeBBS Healthcare Solutions, about six years after acquiring the Los Angelesbased healthcare business process outsourcing (BPO) company, said multiple people aware of the development. A potential deal is likely to value GeBBS at $800 million to $1 billion, the people said.