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Q1 Results Next Week: Reliance, HCLTech, Wipro, Tech Mahindra, BHEL Among 140+ Companies Reporting
RIL, HCLTech, Wipro, BHEL, TechM among companies to announce Q1FY27 results next week
Meta To Launch Custom AI Chip 'Iris' In September To Cut Nvidia, AMD Reliance
Meta is likely looking to cut down on its considerable computing costs and dependence on Nvidia and AMD.
Reliance Jio IPO: Strong ARPU, subscriber growth likely; all eyes on India's biggest IPO - Business Today
Reliance Jio IPO: Strong ARPU, subscriber growth likely; all eyes on India's biggest IPOBusiness Today
Maersk places order for 1,000 shipping containers with DCM Shriram Group
Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.
Closing Bell: Nifty reclaims 24,000 as Reliance, banks and auto stocks lead rally
Benchmark indices rebounded on Wednesday, snapping a two-day losing streak as financials, Reliance Industries and auto stocks lifted sentiment, while KPIT Technologies slumped after issuing a weak quarterly outlook.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Reliance Industries were top traded contracts.
Future growth will depend on governance quality in public, private institutions: HDFC's Parekh
India's future prosperity hinges on robust governance across public and private sectors, emphasized HDFC Bank Chairman Deepak Parekh. He highlighted that ongoing reforms are building a strong foundation for growth, with a call for further banking sector consolidation. Parekh also stressed the immense funding needs for domestic capacity building and the crucial role of self-reliance in a shifting global landscape.
Persistent's Nagarro deal could be a near-term pain for long-term gain
Persistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategically beneficial long-term, the deal, funded by debt, faces short-term pressure due to Nagarro's decelerating growth and a high acquisition price. Persistent must now focus on boosting combined revenue without sacrificing profitability, a key challenge ahead.
Mcap of 6 of top-10 most valued firms climbs Rs 88,678 cr; ICICI Bank biggest winner
Indian stock markets saw a modest gain last week, with the top 10 companies adding Rs 88,678.1 crore in market valuation. ICICI Bank led the surge, followed by HDFC Bank and Reliance Industries. However, Bharti Airtel, TCS, and LIC experienced significant valuation drops. This positive market sentiment was attributed to easing crude oil prices and improved geopolitical developments.
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
Stocks to Watch for June 25: Bharti Airtel, IRFC, RIL, HCL Tech and more
IRFC, HCLTech, Reliance Industries, Bharat Forge and other stocks will be on investors' radar on Thursday, June 25, following a series of corporate announcements and strategic developments.
Govt eyes fast-tracking local production of high-end medical devices
India is planning to boost local manufacturing of around 10 high-value medical devices, including MRI systems and pacemakers, to curb reliance on expensive imports. Industry consultations with the government are underway to identify key product categories for accelerated development. This initiative aims to address a significant rise in medical device imports, with potential policy support including tariff reviews and subsidies.