Category: Uncategorized

September quarter revenue growth for TCS in constant currency (CC) terms was at just 2.8 per cent. Same time last year, it was at 15.5 per cent. This reflects a stark deceleration or a near halt of the post-Covid growth that had earlier buoyed sentiment around the sector. However, these results were not unexpected. The […]

Inflows into equity schemes dipped 31 per cent in September to ₹14,019 crore against ₹20,245 crore in August as investors preferred to book profits given the global economic uncertainty. The unique investors identified by individual PAN in industry touched a high of 4 crore, per the data released by the Association of Mutual Funds in […]

MCX, the country’s largest commodity exchange, will go live with the new Commodity Derivatives Platform from October 16. The new trading platform developed by TCS will replace the current one, in existence since start of the exchange by Financial Technologies (now 63 moons). The exchange will conduct mock trading on October 15 in order to […]

Vedanta Ltd on Monday said the tax authorities have imposed a penalty of Rs 1.81 crore on its subsidiary Hindustan Zinc. The order was received on Sunday, October 8, Vedanta Ltd informed the exchanges. Aditya Birla Sun Life Asset Management Company has appointed Harish Krishnan as its Co-Chief Investment Officer and Head of Equity. Krishnan […]

Ajay Jhunjhunwala, Managing Director (MD) of JR Agro Industries Pvt Ltd, Lucknow, has been re-elected as the President of the Solvent Extractors’ Association of India (SEA) for 2023-24 at the recent annual general meeting of SEA. A media statement said JR Agro Industries Pvt Ltd is engaged in the business of rice bran processing, production […]

Alternative investment funds (AIFs) are in a bind over the market regulator’s diktat to dematerialise units of funds with a corpus of ₹500 crore or more by October 31. Less than five per cent of these funds have dematerialised their units, according to people in the know. Those that haven’t are still liasoning with investors […]

Quarterly earnings from IT majors Tata Consultancy Services (TCS), Infosys, macroeconomic data announcements, global trends and trading activity of foreign investors would guide the movement in the equity market this week, analysts said. Movement of global oil benchmark Brent crude and the rupee will also influence trading in the markets. “All eyes will be on […]

I have shares of Tata Power bought at ₹290. Please advise whether to hold this stock or exit. Sanjay Tata Power (₹259): The trend has been up since May 2020. After an intermediate correction, the stock of Tata Power has resumed its uptrend in April this year. Support is in the ₹230-220 region. Moving Average crossover on […]

BSE is launching contracts in options on futures in precious metals and energy (WTI crude oil and Brent crude oil) contracts and futures contracts on base metals like copper, zinc, aluminium on October 9. These commodity contracts will provide market participants, particularly corporates, value chain participants and foreign portfolio investors, an efficient way to manage […]

The six-member monetary policy committee (MPC) unanimously voted to keep the policy repo rate on hold at 6.50 per cent to tackle retail inflation, which is still above its upper tolerance level of 6 per cent, as per the latest reading amid a patchy South-West monsoon, and rising oil prices. This is the fourth meeting on […]