The listed information technology (IT) subsidiaries of engineering giant Larsen and Toubro (L and T), LTIMindtree (LTIM) and L and T Technology Services, have seen sharp upmoves over the past fortnight, with returns ranging from 14 to 18 per cent. Both have outperformed the peer index, the National Stock Exchange Nifty IT, which has gained about 8 per cent, while the benchmark Nifty 50 is up 4 per cent during this period.
Posts tagged Rediff
Why savings from Russian oil has dropped to a third (09-09-2024)
Savings for Indian refiners from purchasing Russian oil have decreased to a third of what they were in the years following Russia’s invasion of Ukraine, which triggered global crises, sanctions, and discounted Russian oil seeking buyers. Despite this, savings from importing cheap Russian oil were significant enough to help Indian refiners tide over frozen petrol and diesel pump prices.
Will GST Relief On Insurance Benefit Us? (09-09-2024)
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
Can India become a chip manufacturing hub? (08-09-2024)
Due to the prevailing geopolitical situation, like-minded countries are collaborating with India to make it a major semiconductor manufacturing destination, a top Electronics and IT ministry official said on Sunday. In an interview with PTI, Ministry of Electronics and IT Secretary S Krishnan said pilot facilities of US storage semiconductor maker Micron and Tata Electronics have already rolled out chips, and their main plants in Gujarat will begin to produce made-in-India chips from the later part of 2025.
SpiceJet’s Ajay Singh may sell over 10% stake (08-09-2024)
SpiceJet promoter and chairman Ajay Singh may offload more than 10 per cent stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to sources. The budget carrier — which is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft — is looking to raise money that will help it meet various obligations.
How the markets will fare this week (08-09-2024)
Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.
13 companies set to launch IPOs to raise Rs 8,644 cr (08-09-2024)
The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO.
‘Insurance should be bought for right reason’ (08-09-2024)
‘We do not believe in fire sale. We don’t do it.’
IPOs Soar on Bullish Market (08-09-2024)
The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market’s buoyancy.
Air India’s losses down 60% at Rs 4,444 cr in FY24 (07-09-2024)
Tata Group-owned Air India shaved off its losses by 60 per cent to Rs 4,444.10 crore in FY24 over the previous year, according to the Tata Sons annual report for 2023-24. The airline had reported a loss of Rs 11,387.96 crore in FY23, the annual report said.