The IT giant Wipro announced a bonus share issue and posted respectable profitability for the second quarter of FY25, which caused the share price to soar by more than 5% in early trading on Friday. On the BSE, Wipro shares increased by 5.34% to a peak of ₹557.05 per. In the quarter that concluded in […]
Wipro share price jumps over 5% after Q2 results, bonus announcement Read More »
The Indian stock market opened down on Friday morning trades, extending the selling frenzy for an additional session. Within minutes of the Opening Bell, the Nifty 50 index hit an intraday low of 24,567 after opening with a downside gap of 24,664. The 50-stock index dropped around 560 points throughout four sessions after hitting its
Why is Indian stock market falling for four straight sessions – Explained Read More »
Hyundai Motor India IPO: Retail investors were not drawn to Hyundai Motor India’s much-anticipated initial public offering, as just 50% of the shares were subscribed on the final day of the share sale. Based on available records, this initial public offering (IPO) is the biggest in India and the second-biggest globally in 2024. It is
Hyundai IPO: QIBs rescue India’s biggest-ever offer Read More »
The New York Stock Exchange (NYSE) saw a significant decrease in the American Depository Receipt (ADR) shares of Infosys and Wipro, the top IT service providers in India, following the release of their July–September quarter results for fiscal 2024–25 (Q2FY24). On the American stock exchange, Infosys ADR fell 3% to $21.6 despite the big IT
Infosys, Wipro ADRs down 3% on NYSE after Q2 results even as S&P, Dow drift near Read More »
According to a regulatory filing, the board of food delivery startup Zomato Ltd. will take qualified institutions placement (QIP) funding under consideration on October 22. Zomato’s BSE shares ended trading 1.4% lower at Rs 270.3 a share on October 17. Zomato has also announced that on October 22, its board will accept the results of
Zomato board to consider raising funds via QIP on October 22 Read More »
The primary market debut of Usha Financial Services, an NBFC, is scheduled for next week. On Thursday, October 24, the public offer of ₹98.45 crore will go on sale. It will end on Monday, October 28. The pricing range for Usha Financial Services’ initial public offering (IPO) is set at ₹160 to ₹168 per share.
Usha Financial Services raises ₹20 crore ahead of IPO on October 24 Read More »
One of the oldest stock exchanges in Asia, the Bombay Stock Exchange (BSE), had its shares drop 7% during intraday trade on Wednesday, October 16, to ₹4,419 per. The stock saw a decrease after a downgrade by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an unattractive risk-reward profile shortly after.
BSE shares tumble 7% after Jefferies cuts rating to ‘underperform’ Read More »
After the Maharashtra Housing and Area Development Authority (MHADA) announced a new contract for ₹79 crore, shares of RailTel Corporation of India jumped 10% intraday on Wednesday to ₹449 per share. The order entails MHADA’s establishment, migration, and management of a cloud-based data centre and disaster recovery site. This is the third-order victory for RailTel
RailTel share price jumps 10% on winning ₹79 crore order from MHADA Read More »
Asia’s stocks increased following Wall Street’s positive close, propelled by a shift away from megacap tech and into economically sensitive stocks, such as smaller businesses. Australia’s and Japan’s stocks increased. As investors consider support measures for the nation’s second-largest economy, an index of Chinese companies listed in the US increased by about 1% on Wednesday,
Asian stocks advance after US small-cap rally: Know More Here Read More »
Thursday’s spotlight is on shares of two-wheeler giant Bajaj Auto after the company’s Q2FY25 earnings came in slightly under Street projections. The business said on Wednesday that its standalone net profit for the quarter that ended in September 2024 was Rs 2,005 crore. Over the Rs 1,836 crore recorded in the same period last year,
Bajaj Auto shares in focus on 9% YoY PAT jump Read More »
