Category: Uncategorized

Shares of Wipro climbed nearly 4 per cent in morning trade on Friday after the company’s board announced a share buyback of up to ₹12,000 crore. The stock jumped 3.64 per cent to ₹388 on the BSE. At the NSE, it gained 3.63 per cent to ₹388. It was the biggest gainer on both the […]

A dealer of Life Insurance Corporation (LIC) of India has been caught by SEBI for front running the trades in the stock market of the insurance giant. In its order issued on Thursday, SEBI barred LIC dealer Yogesh Garg from buying, selling or dealing in securities until further orders. SEBI has barred four of his relatives too. SEBI observed in […]

ANMI, a pan-India industry body representing market intermediaries and stock brokers, has appointed Vijay Mehta (Chairman: Mefcom Capital Markets Ltd) as its 28th President for the year 2023-24. Commenting on his appointment as ANMI President, Mehta said, “I am humbled and honoured by the trust placed in me by the esteemed members of ANMI. In […]

The shares of Gujarat government-run public sector undertakings (PSUs) gained upto 15 per cent in early trade on Wednesday. The buying interest was triggered by the State government’s new policy mandating minimum dividend distribution and bonus issue from the State PSUs. All the seven listed state PSUs posted gains of 1-15 per cent in early […]

IT major Wipro’s announcement of a share buyback consideration (board meet on April 27) is aimed at boosting investor confidence, analysts said. This also indicates that the company will reduce its focus on mergers and acquisitions in the near term, amidst the current macro situation, they added. This comes as the IT industry treads a […]

Infosys has signed a Memorandum of Understanding (MoU) with energy and chemicals company Aramco, to collaborate on accelerating their human resource (HR) technology. Infosys aims to leverage AI to further bolster Aramco’s employee learning and development experiences and reduce skill gaps. Ipca Laboratories will acquire a 33.38 per cent stake in Unichem Laboratories, from one of […]

Target: ₹520 CMP: ₹442.55 ICICI Prudential Life Insurance’s strong Q4-FY23 APE growth of 26 per cent y-o-y was primarily driven by non-linked savings (+104 per cent), partly offset by lower ULIPs (-24 per cent) and muted protection. VNB margins stood strong at 32 pe cent (up 400 bps, flat), driven by product mix. VNB grew […]

The 2023 Akshaya Tritiya has turned out to be a good one for jewellery retailers and consumers, despite high gold prices in terms of volume. Initial indications point to an increase in overall jewellery sales volume this year.  “Jewellery sales are estimated to have increased by over 40 per cent in terms of the number […]

Eight of the 10 most valued firms faced a combined erosion of ₹1,17,493.78 crore in market valuation in an overall weak trend in equities last week, with Infosys taking the biggest hit. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, and ICICI Bank were among the eight companies that suffered a decline in their valuation. […]

Notwithstanding the volatile equity markets, the net flows into the mutual fund industry through Systematic Investment plan increased 77 per cent in the year ended March to ₹84,224 crore against ₹47,619 crore logged in the previous financial year. In fact, the net inflows accounted for 54 per cent of highest ever gross SIP inflow of […]