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Tata Motors PV sees revenue doubling by FY29; EV, CNG to drive India business growth
Tata Motors PV is looking at volume growth of 15% on compound annual growth rate (CAGR) basis till FY31, with a volumes target of over 12 lakh units.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Affordable housing, rental expansion and RERA Reforms set to define next growth phase in India's urban region: Report
India's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A KPMG report highlights the urgent need for affordable housing, especially for lower-income groups, by addressing land costs and approval delays. The rise of rental housing as a formal asset class is also emphasized, alongside crucial reforms to boost trust and efficiency in the real estate regulatory framework, ensuring project completion and buyer protection.
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Sensex, Nifty end in the red: 5 key reasons behind today's market fall
The Nifty IT index emerged as the worst-performing sectoral gauge, dropping 4% after Accenture cut its revenue growth guidance. IT heavyweights Infosys, TCS, HCLTech, and Tech Mahindra were among the top losers on the Nifty.
Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?
The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.
Nifty IT index cracks 6%; TCS, Infy, TechM, LTM, HCL Tech plunge up to 8%
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
Nifty Outlook for June 19: Reliance, IT stocks hold key for Friday's trade
Heading into Friday's session, IT stocks will remain in focus after Accenture shares plunged 19% in their biggest one-day decline on record. The selloff came after Accenture trimmed the upper end of its annual revenue growth forecast on June 18. Following the development, Infosys ADRs fell nearly 8%, while Wipro ADRs declined about 4%.
All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
The Federal Reserve, under new Chair Kevin Warsh, starts a two-day meeting on June 16, likely keeping rates unchanged. Investors are focused on inflation and growth outlooks, with mixed economic data and easing oil supply concerns potentially influencing future policy decisions.
Nifty at 25,000 could be a profit-booking opportunity: Rahul Arora
Rahul Arora, CEO of Ashika Institutional Equities remains selective on consumer stocks, favouring Britannia, Tata Consumer and Nestle, while preferring Eternal over Swiggy in the internet space due to stronger growth prospects and lower losses.
GNG Electronics share price jumps nearly 9% after ₹175 crore block deal; Motilal Oswal, Goldman Sachs pick up stake
GNG Electronics shares rose nearly 9% after a ₹175 crore block deal involving multiple mutual funds and foreign investors. The company saw notable growth, with a 55% rise in six months, backed by its strong refurbishment capabilities and positive market outlook from Motilal Oswal.
India Capital Growth Fund shareholders approve all AGM resolutions - Investing.com
India Capital Growth Fund shareholders approve all AGM resolutionsInvesting.com