Market News
The Indian IT sector saw a significant surge today, with major players like TCS and Infosys leading the gains. This rally is attributed to better-than-expected earnings from US tech giants, indicating a robust demand environment.
The Securities and Exchange Board of India (SEBI) has announced new margin requirements for the derivatives segment, aiming to curb excessive speculation. The move is expected to have a mixed impact on trading volumes.
Reliance Industries announced an aggressive expansion plan for its retail arm, with a focus on entering Southeast Asian and Middle Eastern markets in the next fiscal year.
The Reserve Bank of India's Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%, citing persistent inflationary pressures. Banking stocks reacted negatively to the news.
Several Indian pharmaceutical companies have received approvals from the US Food and Drug Administration (USFDA) for generic drugs, opening up new revenue streams.
HDFC Bank reported a 20% year-on-year growth in net profit for the quarter, beating analyst expectations. Asset quality remained stable.
Infosys has secured a major deal with a European client for digital transformation services, boosting its order book for the current fiscal.
Sun Pharma's new drug for dermatology has shown excellent results in its phase 3 trials, paving the way for regulatory submission.
Analysts suggest that the Sensex may experience significant fluctuations due to global economic factors and upcoming corporate earnings.
Tata Motors reported a significant year-on-year jump in domestic sales for the month of June, driven by strong demand for its SUV lineup.
Leading FMCG companies have indicated a recovery in rural demand in the last quarter, a positive sign for the economy.
The government is considering a proposal to reduce import duties on certain electric vehicle components to boost local manufacturing.
Major telecom operators Bharti Airtel and Reliance Jio are gearing up to start 6G trials in collaboration with technology partners.
A sharp increase in global crude oil prices is putting pressure on the margins of paint and chemical companies.
ICICI Bank has launched a new all-in-one digital banking platform for its retail and corporate customers.
Wipro has announced a leadership change, appointing a new CEO for its Americas 1 strategic market unit.
Agricultural experts are concerned that a deficit in monsoon rainfall could negatively impact the Kharif crop season.
Larsen & Toubro's construction arm has secured a significant contract to build a new international airport.
Shares of One97 Communications (Paytm) surged by 10% after the company provided a positive revenue forecast for the upcoming quarter.
Food delivery major Zomato is facing increased competition in the quick commerce space from new well-funded players.