The Indian market closed lower in a subdued session on Monday, dragged down by losses in information technology stocks after Moody’s downgraded the U.S. government’s credit rating. The BSE Sensex shed 271.17, or 0.33%, to close at 82,059.42, while the NSE Nifty declined 74.35 points, or 0.30%, to settle at 24,945.45. Here’s how analysts read … Read more
MUMBAI: After a lull lasting 4-5 months, the IPO window may be opening up for startups and a broader set of companies amid a bounce back in local markets and relative easing of global geopolitical tensions. Firms have begun active discussions on listings and are expediting IPO filings to make most of the time, investment … Read more
Bhopal unit of Bharat Heavy Electricals Limited (BHEL) has announced its financial results for the fiscal year 2024-25, reflecting significant growth across key performance indicators. The turnover of the unit reached Rs 4,278 crore in 2024-25, a 26 per cent rise from Rs 3,403 crore in the previous year, the company said in a statement. … Read more
MUMBAI: State Bank of India has cut fixed deposit rates by 20 basis points across all tenors for both the general public and senior citizens from May 16. The move follows a 25 bps repo rate cut by RBI in April and comes ahead of another expected cut in June. RBI also infused nearly Rs … Read more
NEW DELHI: Tata Steel aims to cut costs by Rs 11,500 crore across its global operations over the next 12–18 months, focusing on controllable expenses, Executive Director and CFO Koushik Chatterjee said during a post-earnings analyst call. Building on structural cost savings of Rs 6,600 crore achieved in FY25, the company is intensifying its cost … Read more
Suhaan Gupta and Aryan Chowdhury, both top engineering graduates, landed similar roles in the same industry. While Gupta got a Rs.36 lakh annual package, Chowdhury got Rs.24 lakh per annum. Naturally, Gupta expected a much higher take-home salary. However, a year later, he discovered that the difference between his and Chowdhury’s was only Rs.1 lakh. … Read more
fell 3% to Rs 7.07 on BSE on Monday after the debt-laden telecom operator approached the Supreme Court, challenging the government’s rejection of its request to waive over $5 billion in interest and penalties on statutory dues. According to Reuters, the (DoT) on April 29 rejected a plea from Vodafone Idea CEO Akshaya Moondra seeking … Read more
MUMBAI: The trading pattern of foreign fund managers, developments on India-US trade deal , direction of the rupee-dollar exchange rate after Moody’s downgrade of US’s credit rating on Saturday, and quarterly numbers from large corporates will dictate the direction of the domestic market in the new week. The previous week saw a strong rally in … Read more
BENGALURU: Zoho founder and CEO Sridhar Vembu cautioned software professionals against assuming continued dominance in the job market, warning that emerging technologies like large language models (LLMs) and advanced development tooling could “destroy a lot of software jobs .” In a post on X, Vembu said, “The fact that software engineers get paid better than … Read more
With the benchmark index – reaching the 82,300 mark on Friday, market experts note that though this is a remarkable milestone, the mutual fund investors should stay invested , stick to the asset allocation, and a large cap tilted portfolio will be a good approach. “We recommend investors remain invested, data suggests timing of markets … Read more