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Global Funds, Weary of AI Frenzy, Seek Shelter in India's Stock Market as a Volatility Haven - finance.biggo.com
Global Funds, Weary of AI Frenzy, Seek Shelter in India's Stock Market as a Volatility Havenfinance.biggo.com
TCS' next growth phase hinges on AI investments, not just deal momentum
Tata Consultancy Services reported flat dollar revenue and margin contraction in the June quarter. AI revenue shows growth but remains a small part of total earnings. The company paid significant dividends, impacting its ability to invest internally. Sustained order flow and stable attrition offer some long-term hope. TCS needs to balance investor returns with future technology investments.
Waterways Leisure Tourism to consider stock split today, eight days after listing
Waterways Leisure Tourism currently has limited free float with promoters continuing to hold 89% stake in the company even after the IPO, which is higher than the Minimum Public Shareholding norms of 75%. Dates for its shareholder lock-in ending are yet to be determined.
Refined products exports may rise 25% on IOCL's bet: Rs 75,000 crore investment to add 17.3 MMTPA capacity across three units by year-end
Indian Oil Corporation's expansion will boost refining capacity by December 2026. This increase is expected to significantly raise India's petroleum product export share. The company's capacity will reach 98.05 million metric tonnes per annum. This expansion will strengthen India's position as a global refining hub. Increased exports will also boost the nation's foreign exchange earnings.
SAIL's Bokaro plant to get 8.3 MT iron ore via slurry pipeline; Rs15K cr expansion underway
Bokaro Steel Plant will receive iron ore annually through a new slurry pipeline. This modern system will eliminate dependence on railway rakes for raw material transport. The plant's crude steel production capacity will increase significantly after expansion. This project involves a substantial capital investment and aims for completion in three and a half years. The expansion will enhance production capacity and global competitiveness for Bokaro Steel Plant.
Samsung in rejig mode to boost India play: Company to remove overlapping functions across TV & home appliances units
Samsung is restructuring its Indian operations to improve profitability in home appliances. This move follows pressure from slowing smartphone demand and rising component costs. The company aims to eliminate operational layers and overlapping functions within its sales divisions. Job losses are possible as Samsung seeks to accommodate most employees in new roles. This restructuring initiative may extend to other global subsidiaries of the electronics giant.
TMC Exodus Continues As Three Rajya Sabha MPs Jump Ship To BJP
The development comes ahead of the Rajya Sabha by-elections for the three vacant West Bengal seats, scheduled for July 24.
Buy, Sell Or Hold: Tata Capital, Swiggy, Varun Beverages, Wipro And Ola Electric — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities recovered after Wednesday’s sharp selloff, with Sensex and Nifty closing higher as midcaps and smallcaps outperformed. Falling India VIX, supportive global cues and improving domestic outlook boosted sentiment, though geopolitical risks and Fed inflation concerns kept investors cautious.
Market Pulse: Key triggers to watch before the July 10 trading session
Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS' June quarter earnings. Market participants will also track the impact of Apollo Micro Systems' ₹1,550-crore acquisition of a 41.33% stake in Premier Explosives.On the global front, US markets traded higher, supported by gains in semiconductor stocks and lower oil prices, although renewed tensions between Washington and Tehran kept investors cautious. Traders will also monitor the impact of lower-than-expected US jobless claims and June existing home sales data on sentiment.
The Leela unveils The Leela Coorg Forest Sanctuary
The Leela Palaces, Hotels and Resorts unveiled The Leela Coorg Forest Sanctuary, the new identity for its recently acquired retreat in Coorg.
FSSAI cracks down on liquor makers over flavour additives, misleading age claims
India's food regulator FSSAI has issued notices to beverage companies. These notices address the unauthorized use of added flavors in alcoholic drinks. Manufacturers also face scrutiny for non-compliance with age-related claims on labels. The regulator found violations of specific food safety regulations for alcoholic beverages. Companies must now explain their actions and ensure future compliance with the law.